Results for geithner
6 articles with this tag name
  • In a blink of an eye, the U.S. dollar has collapsed against the Euro, Japanese Yen and other major currencies. The trigger was comments from Tim Geithner who said that the U.S. is "quite open" to China's suggestion of moving towards a Special Drawing Right (SDR) linked currency system
  • The Treasury has finally released the details on their Public Private Investment Program (PPIP) aimed at taking toxic assets off of bank balance sheets. Investors are cheering this announcement as they have been eagerly awaiting these details since the program was first announced 2 months ago.
  • Details of the Geithner plan have been leaked to the press and according to the New York Times they are comprised of three key proposals. “The plan to be announced next week involves three separate approaches. In one, the Federal Deposit Insurance Corporation will set up special-purpose investment partnerships and lend about 85 percent of the money that those partnerships will need to buy up troubled assets that banks want to sell. In the second, the Treasury will hire four or five investment management firms, matching the private money that each of the firms puts up on a dollar-for-dollar basis with government money. In the third piece, the Treasury plans to expand lending through the Term Asset-Backed Secure Lending Facility, a joint venture with the Federal Reserve.”
  • Treasury Secretary Tim Geithner laid out the Obama Administration's game plan for restoring stability in the financial markets. Unfortunately the price action in the currency markets suggests that investors are disappointed by the lack of details and are skeptical about the effectiveness of getting the private sector involved.
  • The US dollar and the Japanese Yen, the two lowest yielding G10 currencies continue to be the two best performing. It is important to remember that the dollar and the Yen are not rallying because investors have grown more optimistic about those currencies but because they are more pessimistic about the outlook for the US and global economy. We have seen an unusual amount of currency related comments made by central banks and government officials around the world because of the sharp rally in the dollar and the Japanese Yen. As these currencies continue to rise, the risk of a reversal grows. Tim Geithner has been confirmed as the new US Treasury Secretary but rather than cheer his confirmation, analysts are worried about some of the comments he made at his confirmation hearing.
  • Uncertainty about the future of President-elect Barack Obama’s cabinet and staff are mounting. We are now met with controversy over one of the most crucial positions, Treasury Secretary. It was recently reported that the nominee for the position, Timothy Geithner, failed to pay a large portion of his taxes, casting doubt upon the certainty for his seemingly inevitable nomination. These indiscretions involved $34,000 of unpaid social security and Medicare payments.

TRADE RECOMMENDATIONS

  • Trades to Watch
  • Trades in Progress
currency recommendation
GBP/AUD
Medium term



Sell Sell at 1.6759
Stop at 1.6837
Target at 1.6641
NZD/CAD
Medium term



Sell Sell at .7320
Stop at 0.7363
Target at 0.7255
currency recommendation
NZD/USD
Medium term
Opened 2/26/2010
Sell Short from 0.7141
Stop at 0.7205
Target at 0.7055

QUOTEBOARD

  • Key Quotes
  • Currencies
  • Markets
  •  
  • current
  • high
  • low
 
  • EUR/USD
  • up
  • 1.3628
  • 1.3739
  • 1.3586
EUR/USD
5 min chart
  • GBP/USD
  • up
  • 1.5258
  • 1.5327
  • 1.5216
GBP/USD
5 min chart
  • USD/JPY
  • up
  • 90.29
  • 90.79
  • 89.75
USD/JPY
5 min chart
  • OIL
  • up
  • 82.21
  • 82.74
  • 81.66
CLJ0
5 min chart
  • GOLD
  • down
  • 1127.5
  • 1129.2
  • 1118.0
.GOLD
5 min chart
  • US Stocks
  • up
  • 10774
  • 10778
  • 10704
.US30
5 min chart
  • UK Stocks
  • up
  • 5652.5
  • 5662.3
  • 5613.3
.UK100
5 min chart
  • DEM Stocks
  • down
  • 6024.8
  • 6039.8
  • 5995.8
.DE30
5 min chart
  • JP Stocks
  • up
  • 10786
  • 10843
  • 10706
.JP225
5 min chart
  •  
  • current
  • high
  • low
 
  • EUR/USD
  • up
  • 1.3628
  • 1.3739
  • 1.3586
5 min chart
  • GBP/USD
  • up
  • 1.5258
  • 1.5327
  • 1.5216
  • USD/JPY
  • up
  • 90.29
  • 90.79
  • 89.75
  • USD/CHF
  • up
  • 1.0562
  • 1.0646
  • 1.0532
  • USD/CAD
  • down
  • 1.0129
  • 1.0142
  • 1.0088
  • AUD/USD
  • up
  • 0.9219
  • 0.9233
  • 0.9179
  • NZD/USD
  • up
  • 0.7148
  • 0.7174
  • 0.7118
  • USD/MXN
  • down
  • 12.4851
  • 12.4886
  • 12.4250
  • EUR/JPY
  • up
  • 123.05
  • 124.21
  • 122.64
  • GBP/JPY
  • up
  • 137.76
  • 138.55
  • 137.00
  •  
  • current
  • high
  • low
 
  • OIL
  • up
  • 82.21
  • 82.74
  • 81.66
5 min chart
  • GOLD
  • down
  • 1127.5
  • 1129.2
  • 1118.0
5 min chart
  • SILVER
  • up
  • 17.444
  • 17.542
  • 17.307
5 min chart
  • US500
  • up
  • 1165.4
  • 1167.4
  • 1160.6
5 min chart
  • UK Stocks
  • up
  • 5652.5
  • 5662.3
  • 5613.3
5 min chart
  • DEM Stocks
  • down
  • 6024.8
  • 6039.8
  • 5995.8
5 min chart
  • JP Stocks
  • up
  • 10786
  • 10843
  • 10706
5 min chart
  • AU Stocks
  • down
  • 4860.0
  • 4873.5
  • 4837.0
5 min chart
Data source: GFT

FX NEWS ALERTS

Receive daily forex commentary, technical analysis reports and potential strategies from Kathy Lien, Boris Schlossberg and their team of technical analysts.
  • Your first name:
  • Your last name:
Your email address:


close
Just a few more things...
Your city:
Your state / province:
Your country:
Your phone number:

Country Code Area / City Code Phone Number
close
One last step: choose your alerts.
Top stories in financial news, recent data releases and upcoming events to look out for, detailed technical analysis and potential strategies for major currency pairs. Four to five emails daily.

Analysis and key outcomes of recent market movements and news announcements with a forecast for upcoming market activity. Five to seven emails daily.

close
Thank You for Subscribing to FX News Alerts!
Based on your request, you will receive daily alerts and/or commentary via the email address you provided.
Please note that you may receive other information, including but not limited to free reports, promotional offers and other related communications.

CENTRAL BANK RATES


What is social bookmarking?

Social bookmarking refers to a method you can use to store, organize and manage bookmarks of web pages that interest you. These could be news articles, movie reviews, places you want to visit — any type of web page. The main advantage is that unlike traditional Internet bookmarks that are specific to one computer, you can use social bookmarking to add and access bookmarks from any computer with an Internet connection.

Another benefit of social bookmarking is the ability to share web pages with friends, family or anyone who has similar interests. Likewise, you can visit the pages that other social bookmarkers share with you.

All pages within our website include links to social bookmarking websites. These websites are free to use and require only a simple registration. This allows you to capture useful information you find on our website and share it with other traders like yourself. Your GFT bookmarks can become a reference if you have a question, want to revisit a concept that you found valuable or would like to tell someone about GFT.

Learn more and get started at Reddit, Digg, Del.icio.us, Google and Yahoo.