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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All this while, with the focus on recession in the US, Euro area troubles had not received much attention. However, Euro problems seem to have made a big bang appearance with Germany announcing an up to 6% negative growth in its GDP this year on the back of a 3.8% negative real GDP growth in the first quarter of this year. … More…
Credit is the life blood of the American economy. It gives those who previously could not afford fast cars, big houses, and some bling-bling a chance at the American dream. This credit is made possible through consumer loans, mortgages, and credit cards.… More…
From the dollar Libor to housing, signs are that the financial meltdown is beginning to thaw. The efforts put in by the US Fed in lowering interest rates, followed by quantitative easing, seem to have finally led to the money markets easing off. … More…
Retail sales fell 0.4% in April after their 1.3% dip in March, dashing hopes of any foreseeable economic recovery. This sent the stock markets plunging, led by a fall in retail stocks causing investors to turn risk averse again and run to the safety of the dollar.… More…
The US dollar early this week seemed to be on a slippery wicket, when it depreciated against major currencies. The currency depreciated as some improvement in the economic status was projected in terms of US pending home sales and a marginal increase in construction spending. … More…
