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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Wall Street bosses are noddin' their heads like "Yeah" because the US corporate sector reported almost 1.8 trillion USD in earnings this quarter. That translates to a back-in-the-black 90% recovery of what they lost during the recession. Hmm, is it time for a party in the USA?… More…
Y'all ready for this? This Friday, the latest single, The Advance GDP Report, will be hitting the airwaves! Make sure you tune in and check out my analysis on this fly piece of economic data - it's the shizzle ma dizzle! Fo rizzle! … More…
Are my eyes deceiving me? I seem to be seeing surprisingly better than expected figures for the US housing market recently. Time to celebrate, yes?… More…
Last June, the RBNZ dished out a 25 basis point rate hike. What could Bollard and his band of brothers be cooking up this time?… More…
Whew! The results of the EU stress tests are finally out and it looks like European banks can breathe a sigh of relief. It turns out that only seven out of the 91 banks received failing marks. Hmm, is this too good to be true?… More…
The results of the stress tests are going to come out soon so I decided to do a little something-something. It's important to know about the stress tests because they could determine where the euro will be headed in the next couple of days or weeks. … More…
What a busy, busy week for the pound! To cap off the week, we've got GDP data on deck? Will the UK hit or miss its targets for the 2nd quarter?… More…
Just as expected, the Bank of Canada (BOC) hiked their benchmark rate from 0.50% to 0.75% in their recent statement. Will they go for 1.00% this year or is 0.75% as good as it gets?… More…
We've been hearing a lot of buzz recently on the possibility of deflation in the US. Because of this, I've decided to look more into this issue and discuss its possible effects on the US economy, and of course, the US dollar. … More…
Just this weekend, talks between Hungary and the IMF and EU broke down. Authorities from the IMF believe that Hungary was not doing enough to meet its budget deficit target and decided to postpone their assessment of Hungary's loan program. Uh oh, is that Mr. Contagion Fears knockin' on the euro's door?… More…
Since CPI is being released tomorrow. I thought it would a great idea to discuss exactly what CPI is. I've organized today's post in a question-and-answer format. I've provided two different versions of answer. The second answer or "street" answer are for those who like to keep it real.… More…
Since PPI is being released tomorrow, I thought I would talk about it. I was in a doodling mode so I created some pictures and graphs to help you from falling asleep since the subject of PPI is a natural sleeping pill.… More…
The US retail sales comes out tomorrow and it's a biggie. It's important to know what the report is all about. Consumer spending makes up a whooping 70% of all US economic activity. Retail sales account for one-third of that. If consumers keep spending, it’s a sign of overall economic growth. … More…
Like any business, a country has to keep track of its inflow and outflow of goods, services, and payments. At the end of any given period, every country has to look at its own "bottom line" and add up all international trade and investments. … More…
Still wondering why the Swiss franc just keeps on raking 'em gains like there's no tomorrow? Well, wonder no more! In this edition of Piponomics, Forex Gump's going to give you three reasons why everybody loves the franc.… More…
Let's shift our focus to a nation that's recently been showing a lot of promise - Canada. Tomorrow, when the clock strikes 11:00 am GMT, the country will release its labor market report. … More…
As expected, our buddies over at the RBA have decided to keep interest rates steady. With this being the second month in a row that the central bank has hit the pause button, I am left wondering when exactly should the RBA resume hiking rates? … More…
Could unemployment be the kryptonite that will conquer the world super power? Judging by Friday's data releases, it just might be!… More…
Talk about making a difference! Just one week after stepping up to the plate, Prime Minister Julia Gillard, the new superstar of Canberra's Sex and the City, has managed to work out compromises on Australia's mining tax!… More…
It's NFP Friday and we all know what that means - a catalyst for major moves! If yesterday's report was any indication, we may just be in for a downside surprise. Analysts normally look at the ADP as an indicator of things to come once the NFP version rolls around later in the week. … More…
