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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Consumers are starting to realize that things are not as rosy as they seem. The consumer confidence index slid from 54.8 to 49.3 instead of rising to 55.4 as expected. Concerns about job losses and wage cuts took their toll on the consumers' outlook for the economy.… More…
Remember that thing my barber told about the times... I mentioned it in one of my recent posts... you know... that thing about the current situation... He said, "These are unprecedented times - we just don't know what's going to happen." … More…
Remember the days when the US was the big kid, "the bully" who no one would stand up to? The one who dominate the playgrounds and take away your PB&J sandwich? Well, it looks like some kids have had enough and don't feel like giving their lunch money away anymore. Introducing, the new kids from the BRIC-block - Brazil, Russia, India and China! … More…
All this political mumbo jumbo has given the pound a headache. One minute it's soaring in the sky, and the next minute it's jumping off the cliff into the English Channel. Where is the pound really heading? Will it rise to levels prior to the recession? Or will the political turmoil drag the pound down along with it?… More…
The US dollar seems to have undergone several ups and downs with the advent of the global financial crisis. It appreciated when the US economy was in the dumps defying usual laws of economics. … More…
We've seen a trend of positive data lately, as economic reports are showing some improvements. Stock markets are rising globally, up 30% since last March. We are seeing money flow out of the yen and the dollar - and going into commodity currencies!… More…
These are no longer Chinese Whispers, but Chinese jitters resulting from a weakening US dollar. The markets may have been happier if these were Chinese Whispers, which essentially is a distortion of a message, when whispered from ear to ear amongst a chain of people. … More…
