Forex Gump

Last night, the FOMC meeting minutes finally confirmed what market participants had been speculating for quite some time already: a third round of quantitative easing from the central bank is indeed a possibility.

Looks like romantic couples aren’t the only ones with surprises up their sleeves on Valentine’s Day! Here’s why the Bank of Japan’s latest monetary policy decision caused spikes in yen pairs yesterday.

Moody’s soured the market sentiment yesterday, as it downgraded six European nations and changed its outlook on three others, including the United Kingdom. Read on to find out why Moody’s turned negative on the U.K.!

You may be dateless this Valentine’s Day but who says your February 14 can’t be memorable? Read up on what you can expect from the U.S. retail sales report and you may just be able to reel in a few pips!

Back in November, we saw Italian yields soar as problems in Greece, Ireland, and Portugal popped out one after another. But now, despite talks of a possible Greek default, Italian bond yields have actually fallen. Could it be that Mario Monti’s charm is working on investors?

Greece just moved a step closer to securing more bailout funds as its political leaders finally agreed on a whole new set of austerity measures. Will these be enough to save Greece from a default?

You don’t need to be a forex pro to see how strong the Australian dollar has been lately. AUD/USD has climbed over a thousand pips in under three months! What in the world is keeping it afloat?!

Japanese officials always make sure that we know that they’re upset about the yen getting too strong, but we haven’t seen the BOJ openly intervene in the markets since March 2011. Do you think they’re all bark and no bite? Think again.

In a surprising turn of events, the Reserve Bank of Australia (RBA) announced yesterday that they have decided to keep rates steady at 4.25%. This was opposite of the market’s expectation that the RBA would cut rates again for the third time in a row.

To ease or not to ease? That is the question. Whether ’tis nobler for the Bank of England to let the economy to pick itself up or to take arms and engage in another round of quantitative easing?