Economics plays a huge role in the foreign exchange market. I enjoy looking at economic trends and trying to see how it affects currencies and life in general. I will post my thoughts and observations here. I'm throwing macroeconomics, forex trading, pop culture, and everyday life into a pot and hopefully the final product are lessons that are easy for you to consume.
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Let's review last week's release of US economic data and the market's reaction after one hour of each release. Durable Goods Orders Last wednesday, we had durable goods orders. This report measures the monthly increase in new purchase orders placed...… More…
The National Oceanic and Atmospheric Administration (NOAA) says it expects a busy hurricane season in the United States this year. NOAA is predicting an above normal hurricane season, with 13 to 16 named storms, of which eight to 10 are...… More…
Here are the latest predictions of what the Fed using the latest crystal ball reading technology from Carlson-Craig-Merck. These charts are from macroblog. After the FOMC meeting last Wednesday and the retail sales and trade deficit numbers last Thursday, the...… More…
Here's a great dissection by Wall Street Journal of the press release from the FOMC meeting today. (Click on the image to enlarge)...… More…
This chart shows the seasonal changes in price for gasoline. For the next five out of six months including this month, it looks like price will continue to rise. Bummer. According to an AP-Ipsos poll, Americans are driving less, trimming...… More…
Some folks call oil black gold. I call it black crack. TWO-THIRDS of the US economy is comprised of consumer spending. But what if two-thirds of consumer spending was spent on filling up their gas tanks to drive to and...… More…
