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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About 40 hours from now, the Reserve Bank of Australia (RBA) will announce its much-awaited decision on interest rates. Brace yourself folks, as the upcoming release could take the Aussie down in the dumps or soaring across the charts!… More…
Germany, Germany, wherefore art though euro zone's largest economy? Let's get down and dirty with the numbers and see how the top dawg in the region has been doing. But be warned! From what I've heard, the stats aren't as dope as my rhymes. … More…
The RBNZ may not have delivered a rate hike yesterday, but they did serve up some pretty juicy statements for all to ponder on. Keep yourself in the know by reading this RBNZ rate statement review!… More…
While the spotlight remains on the U.S. and euro zone, let's shift our focus and take a close look at Brazil, Russia, India, and China (BRIC). How are central banks of "The Big Four" coping with recent trends in the global economy?… More…
Talks of U.S. and European debt have been flooding the newswires in the past few weeks, making it really easy to overlook other countries' lending problems... like the U.K.'s! … More…
One week to go before the U.S. debt ceiling deadline on August 2! Is the deficit reduction package ready? Read on to find out what could happen to the U.S. dollar if the debt plan is passed or not.… More…
Planning on trading the U.K. GDP report? Say no more! Here's a quick guide on how you can make pips by trading tomorrow's release!… More…
After their emergency Economic Summit late last week, the euro zone leaders finally presented concrete solutions to aid the region's debt problems. The question is, are their plans enough to ease investors' concerns on the region?… More…
Is it just me or are the PBoC's tightening moves not working? Last time I checked, annual inflation in China jumped by 6.4% in June. That's its highest level in three years!… More…
Just when all hope seemed lost, a band of heroes emerged from the darkness, with a proposal to save the U.S. from default. Can the Gang of 6's proposal survive U.S. politics and will their proposal be implemented before time runs out? … More…
It's hard to imagine that it was just this March that Japan's foundations were rocked by the earthquake and tsunami combo that flattened entire towns. How is the world's third largest economy faring four months later? … More…
For those of you who love trading the news and are just looking for the next big report that could spark some volatility in the markets, look no further! Today, I present to you Forex Gump's guide to trading the U.K. retail sales report!… More…
With euro zone leaders scrambling to ease debt contagion fears, U.S. officials bickering over the debt ceiling, and the BRIC (Brazil, Russia, India, and China) nations on the verge of overheating, it seems that the worst is yet to come for the global economy.… More…
The much-awaited EU-wide stress test results showed that only 8 out of 90 banks failed. The market initially predicted that about 15 wouldn't meet the criteria. Good news? Why does it seem like investors are still jittery?… More…
There are still four rate statements left before 2011 comes to an end. But is the Bank of Canada (BOC) already done for the year?… More…
With the market spotlight shining bright, the U.S. and Italy have got their dance shoes on and are hitting the floor, trying to stave off elimination. But while you might think that they're grooving to the same economic beat, the two nations' dance moves couldn't be more different. … More…
Federal Reserve Chairman Ben Bernanke confirmed the fears of investors on Wednesday. No, he's not shaving his beard nor is he gonna start wearing a toupee. According to Big Ben, the U.S. may not be far off from getting QE3. … More…
After reading up on the minutes of the last FOMC meeting, it seems that QE3 is back in play! Here are three reasons why the Fed might just pull the trigger! … More…
Three weeks to go until the August 2 debt ceiling deadline! The U.S. government better get its act together and do something about their debt soon, or they run the risk of falling into default. How likely is this to happen and how could it affect the forex market? … More…
After the sensational ECB interest rate decision and the disappointing June NFP report, Europe's sovereign debt crisis is once again making headlines in financial markets. This time around, it's Italy's turn in the hot seat.… More…
So much for the ADP report being a good indicator of non-farm payrolls results! After the ADP printed a nice figure earlier in the week, many expected we'd see a similar result on NFP Friday. However, the stars didn't line up properly, and instead, the NFP shocked the markets with another downer!… More…
I mentioned in my blog last week that China's resilience during the 2008 financial crisis made it the envy of many nations. However, it seems like big ol' China has a few sore spots in its economy too! Here are four of them:… More…
Earlier this week, Moody's, the ever-so-popular credit rating agency, announced that it decided to downgrade Portugal's debt to Ba2 from Baaa1 with a negative outlook. Since Ba2 is below the lowest investment grade level, it means that Portugal's bonds are now considered "junk."… More…
Looks like Australia's employment numbers are starting to gain momentum again. But how exactly will this affect the Reserve Bank of Australia's stance on the economy?… More…
Heads up! Another set of fireworks could be coming your way when the U.S. releases its jobs report on Friday. If you plan to trade the NFP release, you might want to look at how EUR/USD usually reacts to this report.… More…
Nope, Thanksgiving ain't for another five months, but yes, that is Turkey you smell cooking in the kitchen. Turkey the country that is!… More…
It has been more than a quarter of a decade since the financial crisis first hit the airwaves. Since then, the world's largest economies have banded together to bring the global economy back to its feet. While it is true that the world has been slowly recovering, it is still very fragile. … More…
Come one, come all! Brace yourselves for more fireworks when the RBA announces its monetary policy decision tomorrow. Will they hike interest rates this time?… More…
Start the second half of 2010 on the right foot by reading about the themes and events that could rock the markets this month. The fireworks don't end after the fourth of July so brace yourselves (and your trades) for these upcoming market movers!… More…
Last week the Greek parliament finally passed the austerity measures bill needed to satisfy the EU and the IMF's conditions for another bailout package. So what are the euro zone officials' next steps now that the ball is back in their court?… More…
Like a bunch of little school girls arguing over Team Jacob and Team Edward, policymakers in Washington can't seem to agree on the conditions for raising the U.S. debt ceiling. What does this mean for the dollar?… More…
