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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Surf's up, Aussie bulls! What the heck is prompting traders to buy the Australian dollar like there's no tomorrow? Here are three possible reasons.… More…
Yesterday, we discussed the SNB and gave 4 reasons why it will keep its peg on EUR/CHF. Today, I think it's only fair that we tackle the BOJ and the likelihood that it will have to defend its currency from further gains.… More…
Earlier this week, the euro tapped new lows against most of its counterparts. Well, that is, except for the franc. Talks about the SNB giving up on its 1.2000 peg have resurfaced. However, I have 4 reasons why the central bank won't do it.… More…
The European Central Bank policy makers finally talked the talked but can they walk the walk? … More…
In its latest meeting, the Reserve Bank of New Zealand (RBNZ) chose to keep the benchmark rate at 2.50% for the 11th straight month. According to the RBNZ, the decision was because of the risks in the euro zone and the low inflation outlook.… More…
Extra, extra! Read all about it! Recent GDP figures revealed that the U.K. sank much deeper in its double-dip recession during the second quarter of this year. Find out what this means for the BOE, the U.K. government, and the British pound!… More…
Uh oh! The Greeks are getting schooled again. The initial assessment of the Troika's envoy to the debt-ridden country hints that the country won't be able to pay its debt obligations!… More…
Spain has been hogging the spotlight for the past few days. However, I think Greece will soon become the center of attention once again as it welcomes a group of very, very important people representing the Troika. Why?… More…
Heads up! The U.K. GDP release is coming up this week so y'all better read up on what analysts are expecting and how GBP/USD could react.… More…
The approval of Spain's bank bailout program should've cheered the euro bulls last Friday. So why did we see a sharp selloff instead? Is the "bailout lite" program too little and too late for Spain? Here's why analysts think it is.… More…
Judging from the tone of the BOC's recent rate statement, it seems that the Canadian central bank is feeling optimistic about their economy. Does this mean we could see a BOC rate hike this year?… More…
Surprise, surprise! Guess which part of the economy has been showing improvements lately!… More…
In forex, it's always important for traders to ask the question "why" when looking at price action. It helps traders understand why price moves the way it does, and how it could possibly move in the future. … More…
Will Finland stay in the euro zone after all? What incentives are the euro zone officials offering and what does it say about the future of the monetary union? I got the details right here!… More…
The euro zone debt saga continues! In its latest episode, Germany's top court is throwing a curveball on ESM plans by reviewing the legality of Germany's participation. How will this affect the euro? … More…
We have boatloads of major data heading our way this week, but it's important not to miss what the major central banks have to say! Here's what you can expect from the minutes of the RBA, BOJ, and BOE!… More…
The June U.S. retail sales report is scheduled to come out tomorrow, and if this release is anything like the last two, it will be a major market mover!… More…
Yes, yes, I know that Chinese GDP growth fell for the SIXTH consecutive month, but some believe that streak may come to an end soon. In fact, some are saying that we could be in for a huge comeback later this year...… More…
Just when we thought that euro zone officials are willing to do anything to keep the region intact, Finland's Finance Minister hinted that they would rather ditch the euro than bail out other debt-ridden countries. Is a "Fixit" in the cards?… More…
The FOMC minutes left markets disappointed once again as they failed to hint at more stimulus. Should we say goodbye to the prospect of QE3?… More…
The Bank of Japan is scheduled to make its interest rate statement tomorrow and I've got a feeling we could be in for a surprise. Here are three reasons why the BOJ may hit the markets with more quantitative easing measures tomorrow! … More…
Last week, the People's Bank of China (PBoC) fired up its easing guns by making use of three monetary policy tools: interest rates, RRR, and reverse repo agreements. Will we see more of these easing efforts soon?… More…
Uncle Sam's latest employment numbers are out! Why did major currency pairs react so strongly at the report? More importantly, how will it affect the Fed's future monetary policy decisions?… More…
I know that I've already talked about the disappointing ISM manufacturing report for June, but I just can't get over it! So I did a little research about the U.S. economy and how its recovery could continue as the manufacturing sector slows. You'd be surprised to find out where the country's glimmer of hope is coming from.… More…
There were a couple of new developments in the central bank world to spark big price action for currencies yesterday. Let's review the events and figure out what it means going forward. … More…
Yesterday the People's Bank of China launched its own fireworks across markets when it announced THREE actions to stimulate its economy. What are these measures and what the heck prompted the central bank?… More…
I hope you guys aren't all partied out from 4th of July celebrations because we could be in for more fireworks with the June NFP report due tomorrow!… More…
Two major central bank interest rate decisions are just around the corner, which means that we've got two good opportunities to earn some pips tomorrow!… More…
Talks of QE3 are back in vogue, no thanks to the very disappointing ISM manufacturing report for June. Find out the details behind the ISM manufacturing PMI and what it means for the U.S. dollar.… More…
EU leaders rocked the markets last week with a set of plans designed to put an end to the euro zone's debt crisis. Did traders simply overreact to the news? Here are some reasons why the rallies might not last. … More…
If there's anything more surprising than news of Tom Cruise and Katie Holmes filing for divorce, it's the fact that EU leaders actually agreed on something during their latest summit! Not only did they come up with one agreement, they even made three!… More…
