FRB: Speech, Bernanke--Monetary Aggregates and Monetary Policy at the Federal Reserve: A Historical Perspective--November 10, 2006

FRB: Speech, Bernanke--Monetary Aggregates and Monetary Policy at the Federal Reserve: A Historical Perspective--November 10, 2006

Ideas & Screening | Reuters.com

Ideas & Screening | Reuters.com

FRB: Monetary Policy Report to the Congress - February 15, 2006

FRB: Monetary Policy Report to the Congress - February 15, 2006

Follow the link to see the text of the new Fed Chairman's first report to the Congress. I can tell you that the currency markets are very interested.

U.S. Treasury - Treasury International Capital System - Home Page

U.S. Treasury - Treasury International Capital System - Home Page

The current account deficit is still being comfortably funded despite news media hysteria. US securities of $185 billion were bought with international capital inflows last year above and beyond the current account deficit. --tb

FRB: Speech, Greenspan--Acceptance of honorary degree from New York University--December 14, 2005

FRB: Speech, Greenspan--Acceptance of honorary degree from New York University--December 14, 2005

"Open and free markets are the antithesis of violence." I like that quote.

Tai Chi Currency Trading

Stay out of the market and don't get hit. Stick and follow the charging elephant.

FRB:Speech, Bies--Productivity and economic outlook--January 18, 2006

FRB:Speech, Bies--Productivity and economic outlook--January 18, 2006

New Zealand Banker Predicts Euro's fall to $1.19 in a week

Bloomberg.com: Currencies: "The euro will probably decline because it has been unable to extend its 2 percent advance this year through a key level on charts traders watch to predict price movements, said Sue Trinh, a currency strategist at Bank of New Zealand Ltd.

``The continued failure to breach topside resistance at $1.22 will see some investors turn bearish on the single currency,'' said Trinh, who is based in Wellington. A resistance level is a price where sell orders may be clustered.

The euro may fall to $1.19 within a week, she said"

Currencies: Dollar lifted late in day after Guynn speech - Financial - Financial Services - Currencies

Currencies: Dollar lifted late in day after Guynn speech - Financial - Financial Services - Currencies: "'Any time you have credible evidence of terrorism in the U.S. or abroad, it works against the dollar,' said Michael Woolfolk, senior currency analyst at Bank of New York."

Bloomberg.com: Market Insight

Bloomberg.com: Market Insight

Click on the red text to go to the link. It's kind of a report of who won the superbowl of currency forecasting. Merrill Lynch, which won in 2004, fell to 38th this year. Merrill Lynch is the sixth-biggest currency trader on the planet.

Buffett and major traders still see a dip in dollar - Marketplace by Bloomberg - International Herald Tribune

Buffett and major traders still see a dip in dollar - Marketplace by Bloomberg - International Herald Tribune

Buffett reduced his bets on the dollar's decline to $16.5 billion from $21.5 billion in June, according to a statement from Berkshire Hathaway on Nov. 4. The company, which had $926 million of pretax currency losses in the first half, used forward contracts, or agreements to purchase or sell a currency in the future at a preset price.

. . . "The story of the current account deficit allowed traders and analysts to justify any currency prices," said Steve Pearson, chief currency strategist in London at HBOS, a large lender. "Sentiment got overly bearish on the dollar."

Pearson was the most accurate forecaster of exchange rates in the year that ended on Sept. 30.

For 2006, he expects the euro to fall to $1.08.