Weblog » Tags » kiwi (all)
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Busy central banks
My relatively extensive “coverage” of New Zealand Dollar this week was because of policy meeting by Reserve Bank of New Zealand took place yesterday. Considering that I also had a trade in NZD-CHF form last post, I decid… -
Gas prices surging.
Gasoline prices set a new record today, not a record high, but a new mark for a duration of price increase. It seems retail gas prices climbed for the 50th straight day, the longest streak in records dating to 1996. This… -
Banks repaying loans.
Sign of progress today, in the fight with recession. The Treasury Department has approved 10 of the nation's largest banks to repay $68 billion in government bailout money, which came from Troubled Asset Relief Program. … -
Active Forex day.
With holiday a distant memory now, some interesting Forex developments took place. Most note worthy was strength of the Pound. For the first time in seven months or so GBP-USD, the "cable" reached 1.6000 level today. Act… -
Banks forced to take TARP money.
For some time rumors have been circulating about certain banks' reluctance or even opposition to participating in TARP. Government documents released yesterday confirmed just that. Judicial Watch, a nonpartisan educatio… -
Chrysler bankruptcy is, well, strange.
It was time for Chrysler to present its reorganization plan. Unfortunately, company has been unable to reach an agreement with some of its creditors over treatment of $6.9 Billion secured debt. This group was called "non… -
Farewell to Pontiac.
After months of of discussions and speculations General Motors laid out a massive restructuring plan. In order to qualify for farther government loans, GM proposes to get much slimmer. For starters, company will cut 21,0… -
Forex goes mainstream.
Normally at this time of day I'm done trading. Close some trades, make phone calls, tie up loose ends and scribble something here. TV is turned on, but I mostly just listen to it. It is tuned to History Channel Internati… -
More economic deterioration.
Earlier in the year, when Boeing announced a trim in payroll, my "source" within the company(he,he,) told me to expect more by summer, because they will not be able to deliver all ordered planes. At that time Boeing deni… -
Shock and ... what?
I'm glad this week is coming to an end. Of course, I say that every Friday and so do most people. Frankly, though, I need some time to go over charts and do some "profound" thinking. I can't do it while starring at scree…
FXhusar
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- Name: Mike
- Gender: Male
- Member Since: 10/15/2006
Recent Weblogs
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China summit
Interesting news from China today. On the eve of U... -
Rating risk.
British pound came under pressure last night, aft... -
Kiwi.
Currencies had an interesting opening to trading w...
