US Dollar Takes A Hit As Janet Yellen Leaked To Be Nominee To Replace Donald Kohn

The US Dollar is suffering some damage this morning, as Donald Kohn is set to retire as Federal Reserve Vice President, and word leaked out last night that easy money Kohn (Sep 12, 2009: Federal Reserve’s Kohn: We Plan to Keep Throwing Kerosene on the Fire) is being replaced by easier money Janet Yellen. How easy?  Yellen said if she could make interest rates go below zero, she would.  Apparently ex NY Fed head Timothy Geithner is at the head of the search committee, and it was a challenge finding a larger dove than Kohn anywhere in these 50 states, but Geithner somehow managed to.[More...]

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Higher-Yielding Currencies Mounting Comeback

China’s consumer-price index spiked higher in February, leading to speculation that its central bank will raise interest rates to curb economic growth. The inflation report showed an acceleration from the year-earlier month, to a greater-than-expected pace of 2.7%. The higher growth was tied to greater-than-expected gains in fixed-asset investment, bank lending, and industrial production.[More...]

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Better Days Ahead For GBP?

Reserve Bank f Australia had policy meeting, with interest rates on the agenda. RBA raised its benchmark official cash rate from 3.75% to 4.00%, or 0.25%. Move was widely expected and came as no surprise, unlike a month ago when officials took no action and Australian Dollar fell sharply.[More...]

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Non-Farm Payrolls Week Begins

After a week which was mostly characterized with the halt of the Dollar’s bullish trend, a hefty news week is impending. Australia, Canada, Great Britain and the Euro-Zone will all publish their monthly Interest Rates desiccations. And on top of it all, the U.S. Non-Farm Payrolls is expected on Friday. This means that an extremely volatile week is expected that holds plenty of unique opportunities to make irregular profits.[More...]

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Australia May Increase Interest Rates, Economists Say (Update1)


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Things To Consider For Beginning Investors

The Internet is a great place for people who are uninformed on the stock market to learn. They want to get started, but don’t know how, so they just Google search “stocks for beginners.” Those people who can’t figure out the stock market probably haven’t invested anything in a few years, and as a result haven’t lost anything of consequence due to the markets. There are a lot of people today who are anxious because they’ve lost money in the markets already.

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Bernanke Sees Lower Interest Rates; Dollar Weakens on Comments

The U.S. Dollar regained most of its mid-session loss to finish only slightly worse than Tuesday. Comments from Fed Chairman Bernanke triggered an early session break after he reiterated the Fed’s stance that interest rates would remain low for an "extended period".[More...]

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WORLD FOREX: Dollar Down Modestly Ahead Of Bernanke Testimony - Wall Street Journal


Reuters
WORLD FOREX: Dollar Down Modestly Ahead Of Bernanke Testimony
Wall Street Journal
His remarks will be the focal point for currency trading Wednesday as markets look for any indication of how soon the Fed will begin raising interest rates.
• Dollar makes gains on major rivals as investors sell riskier assetsProperty Wire


Gartman: Buy Euro-Gold - Friday 26 th February 2010BullionVault
WORLD FOREX: Dollar Extends Gains; US Data EncouragingWall Street Journal
Wall Street Journal
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