Forex Gump

After chillin’ like ice cream fillin’ for the past couple of days, the currency bulls and bears suddenly fired up and dragged the Greenback lower against its major counterparts. What are the possible reasons for the dramatic price action?

Is QE3 in the pipeline already? Is the U.S. economy dipping into recession soon? Will Bernanke ever shave his beard? Let’s get the lowdown on what Fed officials think about the economy by taking a peek into the most recent Beige Book report!

Despite the fact that U.K. inflation hit a record high, we still saw the pound plunge against its major counterparts on Tuesday. Are traders pricing in STAGFLATION in the U.K. economy?

China’s report card is out, and not everyone is happy about it. While the country’s 9.1% growth during the third quarter is making Western economies green with envy, others are saying that we have reason to worry. Is there really a cause for concern?

Planning on buying the dips on your long positions? You might want to think again. As yesterday’s price action reminds us, it doesn’t take much to remind investors of a few fundamental concerns in the global economy.

“We’ll do this,” “we’ll do that,” “we’ll implement this,” and “it’ll solve everything” are some of the things we’ve heard spew out of euro zone officials’ mouths. Do you believe them? What does the rest of the world think?

Just over a week ago, our buddies over at the Bank of England decided to slap the markets with another round of quantitative easing. The question is now, who will be the next to turn on the monetary easing button?

I suppose now’s as good a time as any to ask this question: For all the conflict it has been causing, will the yuan’s appreciation even accomplish anything?

After three weeks of waiting, the minutes of the two-day FOMC meeting has finally been released. It provides some good insight into the Federal Reserve’s decision to implement Operation Twist and economic outlook.

With the September NFP printing a better-than-expected figure, I think it’s time for us to revisit the American Jobs Act proposed by Obama. Has the Senate passed it? Or is it back to the drawing board for Obama?