Chris Lori

Chris Lori, CTA

Not a member yet?

What are you waiting for?

A basic membership is FREE and it gets you instant access to the downloads and videos section.

free ebook

economic calendar

Forex Factory Calendar

FXstreet.com: Fundamental: Reports on Interest Rates

China: Another rate cut from PBoC
The Peoples Bank of China (PBoC) today cut its leading 1 year benchmark lending and deposit interest rates by 27bp to 5.21% and 2.25% respectively. This was the fifth rate cut in less than three months (see chart 1). In addition, the reserve requirement ratio (RRR) for smaller commercial banks was cut by 50 bp to 13.5% and the RRR for major banks was cut by 50 bp to 15.5%. In light of the very weak November numbers released for the Chinese economy, the rate cut does not come as a surprise. On

Japan: BoJ cuts leading rate by 20bp and turns to quantitative easing "light"
Overview: As expected the Bank of Japan (BoJ) this morning cut its leading O/N target rate by 20 basis points to 0.1% in a seven-to-one vote - with one of the board hawks, Tadeo Noda, dissenting on the interest cut decision. In addition, the BoJ increased the target for outright purchase of Japanese government bonds (JGBs) and will soon start to purchase commercial paper outright. The BoJ also left the deposit rate (interest rate paid on banks excess reserves) unchanged at 0.1%. The interest

RSS integration by RSSinclude

FXstreet.com: Forex Forecasts

EUR/USD Daily Outlook
INTRA-DAY EUR/USD OUTLOOK : 1.3426 Updating time : 06 Jan 2009 08:17 GMT As euro has remained under pressure, suggesting recent decline remains in progress n weakness twds 1.3400/05 can't be ruled out, however, loss of down ward momentum shud limit downside to 1.3380 n yield rebound later today. Stand aside for now n buy dips for day trade. Abv 1.3460/65 wud signal low possibly made, 1.3500. Range Forecast 1.3425 / 1.3465 Resistance/Support R: 1.3546/1.3568/1.3618 S: 1.3415/1.3370/1.3330

New Year and New hope in Markets
Last week’s currency trading review The Dollar was little last changed over the holiday period with quiet markets. Stocks did experience a rally on the first trading day in 2009 and this helped to improve risk sentiment. On the data front December Consumer confidence slipped to a record low 38 vs. 45.2 previously. Improvement was seen in the weekly Unemployment Claims falling to 492K vs. 586K previously. On Friday we saw the December Manufacturing ISM drop to 32.4 vs. 35.5 previously. The Euro

RSS integration by RSSinclude

BLOG ARCHIVES

Oct 2008
Sep 2008
Aug 2008
Jul 2008
Jun 2008
Oct 2007
Sep 2007

Risk

Chris Lori | Forex Blog | Forex News and Headlines

UBS Perspectives - Risk Aversion Still Key

18/11/08 11:55

Traders,

Please review the document in the free members area titled "UBS Perspectives - Risk Aversion Still Key"

This document will provide you with an excellent insiders analysis of what is driving the foreign exchange market, at present. The importance of studying the review is to expand your knowledge of this market and enhance your ability to pick up on specific market drivers and identifying important factors influencing price, trends and volatility.

Ref: UBS

Good Luck with your trading and be careful out there!

Chris Lori
CTA
Read More...

Tags: Risk

Risk CCY's have very little holding power

11/11/08 19:41

The fear of recession took control of the US equity markets, overshadowing China's stimulus package and the increased AIG bailout package. Dow finished Monday at 8870.54, down 0.82%. S&P closed at 919.21, down 1.27%. The financial led the bourses lower as market expects a Q4 loss from US bank. Meanwhile, General Motors share came under significant selling pressure as one of the analyst reports expects its stock price to fell to 0. Meanwhile, Asian markets are lower at time of writing, evidenced by the JPY rally. Read More...

Tags: Risk

Systemic Risk Abound!

10/10/08 09:19

Today's G7 meeting will be the start of new initiatives attempting to stop (which ain't gonna happen, but perhaps slow) the massive global economic shift as finance ministers and central bankers meet to decide on a response to the worldwide financial crisis. Asian equity markets are trading sharply lower after US markets got whacked again yesterday. The Nikkei is down over 8% at the time of writing and we expect both central banks and governments to announce new measures with haste to improve confidence in the financial system. Read More...

Tags: Risk