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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The minutes are out but that doesn't mean the Fed is out of the limelight! With FOMC officials showing major concerns about the economy, it's looking more and more like we're about to see some action from the Fed!… More…
After Naoto Kan's resignation last Friday, Japan's ruling party DPJ voted Finance Minister Yoshihiko Noda as the next party leader and most likely the next Prime Minister. Will he rise to the challenges that Kan left behind?… More…
How about that? After all was said and done, it turns out that Big Ben Bernanke didn't announce QE3 at the Jackson Hole Symposium last Friday. Then again, he didn't exactly shut the door on it either...… More…
With the yen consistently dominating other major currencies, I don't think there is doubt anybody's mind that that Japan's verbal and currency intervention moves have failed.… More…
Last August 23, Japan received a debt rating downgrade from Moody's Investor Service. According to Moody's, the primary reason behind their move was the huge increase in Japanese government debt since the 2009 global recession. … More…
Jackson Hole this, Jackson Hole that! The newswires have been abuzz about the Jackson Hole Economic Symposium and how important it is. But what in the world is it anyway?… More…
The Loonie has been one of the top performing currencies year-to-date. Due to contagion fears in the euro zone, debt ceiling debates in the U.S., and rising oil prices, the Loonie has managed to edge higher versus other major currencies. With those problems behind us now, we must ask ourselves, "Is the Loonie still a good bet?"… More…
It seems like Greece can learn a thing or two from Pip Diddy about how to not play favorites! Like a bunch of toddlers quarreling over a piece of candy, some Euro zone countries are a throwing a fit over the collateral Greece gave to Finland. Could this fall out lead to a Greek default?… More…
With the Jackson Hole meeting only a few days away, market players are casting their votes on what Big Ben Bernanke has to say. Will the Fed announce new plans, or has it drawn the line at promising low interest rates?… More…
It's no secret that the Swissy has been moving up the charts with so much swagger like Mick Jagger. Hotshots at the SNB have also made sure that it's also no secret that they aren't happy with the currency's strength. But what can they do about it?… More…
The market has been very crazy the past two weeks: gold rallied for the first time above $1,800, S&P plummeted to 1,131 to mark a new year-to-date low, and EUR/USD traded wildly within a huge 400-pip range. … More…
Just when we thought we've already heard enough bad news about the global economy, BAM! The U.K. steps into the spotlight with its roster of disappointing economic reports. Is it under the threat of falling back into recession, too?… More…
Two days ago, the pound was able to stage a huge rally against the dollar due to better-than-expected inflation figures. Inflation, which is measured by the consumer price index, rose to 4.4% in July. The rate was both higher than forecast and the previous month. … More…
It's that time of the month again folks! No, Huck isn't in her "Leave me alone or I kill you mode." I'm talking about the U.K. Retail Sales report coming out tomorrow! For all you news traders out there, this could be your chance to bag some nice pips this week. … More…
Call me crazy, but is it time to start hoarding up Greenbacks? Here's one old man's view on why we should consider buying the dollar. … More…
It has been quite a while since we've heard about the debt problems of Europe. With the European Central Bank's (ECB) highly successful Italian and Spanish bond auctions and the European equities market recuperating some of its losses last week, it seems that debt contagion fears are now a thing of the past.… More…
Could it be? I'm scared to say the big R-word because it just might happen! Just check out this neat infographic comparing the 2008 market conditions to the present. … More…
With high-yielding currencies gaining momentum and the favorite safe haven assets paring their gains, it looks like risk appetite picked up in markets yesterday. But was that really the case, or are we just missing a few points?… More…
For the past few days, several popular areas in London have been overwhelmed by screaming, looting, and violence. Here's why I think the recent U.K. riots are digging the U.K. economy a deeper grave.… More…
Unless you've been living under a rock, you should know that gold prices chalked up a new record high at $1814.98/ounce this week. That means the precious metal is up by more than 30% this year! Is it time to join the gold rush?… More…
I'm not one to exaggerate things, but this has got to be one of the wildest market environments I've ever seen in my LIFE!… More…
The numbers are in folks: the U.S. labor market improved in July! Last Friday, the non-farm payrolls revealed some good news for the U.S. It showed that net hiring increased by a solid 117,000 in July. Let's take a closer look at the numbers to find out if the U.S. labor market is really out of its slump.… More…
Just when investors thought they could finally breathe a sigh of relief from a hectic week in the markets, S&P decided to rain on their parade. It did what no other credit rating agency has ever done before. It downgraded U.S. debt.… More…
With the markets in panic mode to end last week, commodities, including our beloved black crack, took a major hit as traders jumped ship. Will investors continue to dump oil down the drain or is this merely a much needed correction?… More…
With central banks dishing out rate statements left and right, it's easy for a homie to get lost in all the ruckus. Lucky for you, you've got your brotha from anotha motha, Forex Gump, to break everything down for you!… More…
This week we saw both the Swiss National Bank (SNB) and the Bank of Japan (BOJ)'s attempts to weaken the Swiss franc and the Japanese yen, respectively. The question is, will their strategies work this time around?… More…
With the BOJ's interest rate decision only a few days away, let's take a look at how the Japanese economy is faring. Is it really experiencing a V-shaped recovery?… More…
Now that the Senate got the ball rolling and (finally) passed a new debt ceiling plan, what's next for dear old Uncle Sam and his scrillas? … More…
Last Friday, the market was treated disappointing news from the U.S. in the form of the Advanced GDP report. According to the data, the U.S. grew only 1.3% during the second quarter of this year, significantly below the 1.7% increase initially expect. To make matters worse, the first quarter reading was revised down to just 0.4%!… More…
With the debt clock ticking fast, U.S. lawmakers finally seemed to make progress on their debt talks as they struck a deal over the weekend. Here's a closer look at the pros and cons of their deficit reduction plan.… More…
