Forex Gump

Forex Gump

I throw macroeconomics, forex trading, pop culture, and everyday life into a pot and hopefully, the final product are lessons about the FX market that's easy to understand.

Articles by Forex Gump

Is Switzerland the New Japan?

That’s right folks, Switzerland might actually be Japan’s long lost brother-from-another-samurai-mother! Not only do they both have delicious chocolates and awesome skiing resorts, but they actually have some economic similarities as well!

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China: Three Times a Trillionaire!

Over the weekend, a report came out saying that China has finally become a three-time trillionaire. Since China had a trade deficit in the last quarter of 2010, this means that most of its reserves was due to the large amount of capital that made its way to the country!

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PBoC RRR Hike: Oops, We Did it Again!

China increased its reserve ratio again! I know the PBoC’s tightening moves are no longer as surprising as they used to be. What’s more interesting to find out is how long they plan to keep up with this hike-fest.

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Greek Restructuring Fears Spook Markets

With the slip of the tongue, German Finance Minister Wolfgang Schaeuble managed to spook the markets late last week. In an interview with a German newspaper, Schaeuble talked about Greece debt situation and hinted that Greece may have to restructure its debt!

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China: Now and the Future

On March 14, 2011, China passed its twelfth “Five-Year Plan” which aims to address the rising social inequality, create a more sustainable growth, stimulate internal consumption, and improve the distribution of wealth.

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Three Down, One To Go. Will Spain Follow?

After Greece and Ireland, the domino effect continued with Portugal asking for a bailout. You know the debt crisis story. It is expected that Spain will tap the bailout counter soon. However, it seems like the last of the PIGS is not giving up without a fight for a happy ending.

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The determinant of a good trade is whether you followed your methodology, not whether the trade made money.Jack D. Schwager