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The Financial Markets’ Reaction to ObamaNation
Barack Hussein Obama is the 44th President of the United States, the first African American and the second youngest President. In reaction to his election, the US dollar is marginally higher and the US...
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Dollar Hangs Tight on GM Risk, Recession Trades Still On
Signs of stability in the US manufacturing sector has failed to turn around the market’s risk appetite. Although the US dollar has weakened marginally against all of the major currencies, if US stocks...
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The Sun is Shining on Wall Street
This morning, the sun is shining on New York City and on Wall Street. President-elect Barack Obama was one of the few people that could have restored confidence in the financial markets through the...
View ArticleCurrencies Rally With Aid on the Way
If the equity market managed to rally despite news that 533k jobs were lost from the US economy last month, then Obama’s pledge to increase spending this weekend and the developments for the Big 3...
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Will the Obama Administration Change Its Approach on China?
Tomorrow’s Treasury International Capital flow report will shed more light on whether the low yield in the US has driven sovereign wealth funds out of the US dollar. According to a recent report by...
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How Will Obama Spend His Money?
The Wall Street Journal has a comprehensive article on how President Obama will be spending the Democrats’ proposed $850B economic stimulus plan. The article is definitely worth a read. Here are the...
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Will There be An Obama Bounce?
In my Daily Currency Focus for GFT, I talk about whether there will be a bounce in currencies on Obama’s Inauguration Day: On Tuesday, the United States of America will swear in a new President. Unlike...
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Why Currencies May Recover in Obama’s First 100 Days
In my Daily Currency Focus for GFT I talk about how Obama’s first 100 days can impact currencies: In yesterday’s Daily Currency Focus we warned that investors should not bank on an Obama bounce. Based...
View ArticleFed Announcement Triggers Dollar Rally
The Federal Reserve has officially run out of room to cut interest rates. For the first time since August 2007, they left interest rates unchanged at a target range of 0 to 0.25 percent. The dollar...
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