Forex Gump

With the recent news that the Fed is ready to taper off its open-ended quantitative easing program if economic data continues to impress, the results of the upcoming U.S. labor report will likely play a key role in determining where monetary policy, and consequently, the Greenback, is headed.

The Aussie has been getting hammered on the charts for the past few weeks! But it shouldn’t be long until we see the comdoll bounce back, right? Err, some analysts beg to differ. Here are two reasons why!

In the past few weeks, we’ve heard a lot of good news from the U.S. This came in the form of positive jobs data and optimistic comments from Federal Reserve officials. But yesterday, we saw something different, as the country’s manufacturing PMI showed that the industry is contracting.

I spy with my little eye some positive data from China!

The upcoming week is a packed one as three major central banks are scheduled to announce their rate decisions. Here’s a brief look at what we can expect from them!

Last month, the euro fell hard across the charts when ECB President Mario Draghi brought up the idea of implementing negative rates in order to spur growth. But what the heck does that mean?

Heads up! Both the IMF and OECD just announced that they’re expecting weaker growth in China this year. What are the main reasons for their downgrades?

Farewell Mark Carney! In his last statement as the Governor of the Bank of Canada, Carney left rates steady. Read on to find out what else happened at the latest BOC interest rate decision!

With the big boys at the Fed paying close attention to the state of the U.S. economy, I think it would be prudent for us to keep an eye on the upcoming preliminary GDP report.

Gather ’round, folks! The BOC interest rate statement could be one of our best opportunities to grab some pips this week so let’s figure out how to trade this event!