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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Time to wrap up our 2010 Forex review with the big daddy, world reserve currency--the US Dollar. It was pretty simple for Greenback traders in 2010 as we pretty much only had to focus on two big stories: the sovereign debt crisis and quantitative easing. Check out how it all played out!… More…
Now let's head on over to the euro zone, where most of this year's drama took place! The 16-nation region was responsible for some of the wildest swings this year as the European debt crisis gave traders plenty to cheer and jeer about. Let's recap the rollercoaster ride that led the euro to where it is now!… More…
The Eurozone and the US weren't the only major economies with growth and debt issues rocking the headlines this year. The UK was right there with them, so let's review how it all pushed Cable traders around in 2010. … More…
I have a question for ya'll. Which among the major currencies was the first to hit parity against the dollar in 2010? If you guessed the Loonie, then you're correct! In today's 2010 review, I'm going to tell you exactly how USD/CAD fell to parity and kept teasing it all year long!… More…
For today's 2010 review, I'll quickly look at the Australian Dollar's meteoric rise against the Greenback after a rock start on risk aversion. What gave the Aussie its boost? … More…
With 2010 quickly coming to an end, and traders away from the buy and sell buttons to ring in 2011, what better time is there to do a quick review the major fundamental themes of the year and market reaction. Let's start with the safe haven majors: Japanese Yen and Swiss Franc. … More…
For the past few days I've been hearing a lot of market birds chirpin' about the possibility of China helping the euro zone with its debt crisis. But, really, how tight is the brothahood between these two economies, and what effect could China's aid have on the euro? Read on to find out!… More…
Yeouch! Did you see the number on that thing? I'm referring to Canada's consumer price index released last Tuesday! It revealed that inflation in Canada dropped back to 2% year-on-year in November from 2.4% in October. … More…
The holiday spirit may be upon us right now, but just around the corner, trouble is a-brewing. Let Forex Gump fill you in on the employment and inflation problems that await the U.K. in 2011!… More…
The Organization of Petroleum Exporting Countries, or what we'd like to call "The Black Crack Mafia," had a mob meeting last week to discuss the fate of the energy markets.… More…
Boy, oh, boy! It looks like our buddies over at the European Union are getting more serious about establishing a permanent bailout fund. Here's Forex Gump to give y'all the 411 on what happened in the EU summit last weekend!… More…
Are you missing out on those strong price moves lately? Don't fret! There are still a bunch of catalysts on the economic schedule for this week so let's take a look at which reports could rock the markets in the next few days.… More…
This past week, Japanese head honcho Naoto Kan and his samurai soldiers proposed a tax package that would slice and dice the corporate tax rate, in hopes of spicing up the Japanese economy. What could this mean for the Japanese economy?… More…
First it was Greece, and then it was Ireland. Will Spain be the third of the PIIGS nations to ask for a bailout? Or will it say "Not by the hair of my chinny chin chin!"?… More…
It's that time of the year again when traders pack up, go to their favorite vacation houses, and sip 1,000-calorie eggnogs with their loved ones. But if you're a true market junkie like me who can simultaneously ski and trade with your eyes closed, then here's the 411 on holiday liquidity in markets!… More…
Unlike those in the past, this week's FOMC statement lacked the flair and drama to light up Broadway. But that doesn't mean you should just ignore it! Here's Forex Gump to give you the heads up of what was said yesterday!… More…
Every story has to come to an end. For euro zone's sovereign crisis, what will it be? Good, bad, or just plain ugly?… More…
Once again, Asian superpower China unleashed a fresh set of impressive economic figures. Should the Chinese central bank implement more of its tightening measures, or is it time to get creative with its economic policies?… More…
Ever heard of the "End the Fed" movement? No? Great, now I can act all smart and tell you all about it! … More…
Earlier this week, Fitch downgraded Ireland's sovereign debt by three notches from A+ to BBB+, as they weighed the possible impact of restructuring the Irish banking system. To be honest, I wouldn't say the downgrade came as a surprise. … More…
Just when the spotlight had shifted to Ireland, Spain, and Portugal, it seems that we're starting to hear some grumbling from Eastern Europe. Once again, Hungary's deficit problems have hit the airwaves. More trouble for the European Union? … More…
Oh yes he can! Yesterday, U.S. President Barrack Obama announced his tentative decision to extend the Bush-era tax cuts for another two years. This sent the newswires burning as market junkies scrambled to predict its effect on the U.S. economy and the Greenback.… More…
Unlike the surprising news of Lady Gaga's hit Bad Romance not being nominated as Record of the Year in the 2010 Grammy Awards, the Reserve Bank of Australia's decision to put rate hikes on hold came as no shock to markets. So, aside from us not getting an early Christmas present from the central bank in the form of a rate hike, what else did the RBA say?… More…
Word on the forex grapevine is that China still has a bunch of tightening moves up its sleeve, as the Chinese government plans to shift from a "moderately loose" monetary policy to a "prudent" one. It looks like China wants their monetary policy to be as tight as Conan's jeggings!… More…
Despite posting back-to-back monthly gains, the NFP report failed to hit its targets and tripped all over the economic catwalk last Friday. Is disappointing U.S. data bad for the Greenback the new rad fad in the markets nowadays? … More…
Whoa! It looks like we're in for an action-packed week on the charts with FOUR interest rate announcements on tap! What are you waiting for? Get a sneak peek on what we'll be hearing from central bankers!… More…
For the past couple of weeks the market has been focusing on the European sovereign debt crisis. For now, let's set our eyes on the U.K. banking sector. After doing a little digging, it seems that euro zone ain't the only economy with skeletons in its closet. … More…
Christmas may be two weeks away, but who says presents don't come in early? Here's Santa Forex Gump's gift for all you kids who want to make pips with tomorrow's NFP report.… More…
Euro zone's economic recovery calls for a tighter monetary policy. Its sovereign crisis cries for the central bank to take it easy. As for ECB President Jean-Claude Trichet, what will it be?… More…
