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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According to the Fed Reserve Bank of Cleveland, here are the current market predictions for what the Fed will do during their August FOMC meeting: Notice on 06/26/06, there was a 90% probability that the Fed would hike rates to...… More…
According to the Lundberg Survey, the US average for self-serve regular gasoline stood Friday at three dollars, one and a-half cents ($3.015). A gallon of mid-grade gasoline averaged around $3.12, and premium at nearly $3.22. The survey of seven-thousand gas...… More…
Last Thursday, the dollar shot up because the private payroll processing firm ADP released their employment citing a ridiculous gain of 368,000 jobs for the month of June. This sounded all gravy until the real deal non-farm payrolls report came...… More…
It is still all about interest rates in the market right now so that's what I'll keep talking about. The downward adjustment to US interest rate expectations will weaken the dollar in the near term as the market expects an...… More…
