Forex Gump

President Obama has picked economic guru Alan Krueger to be a part of the White House Council of Economic Advisers. Will he be able to keep the economy from taking a turn for the worse, becoming as scary as a scene on A Nightmare on Elm Street?

It’s NFP time again, and you know the drill! Let’s take a look at what the markets are expecting, how the Fed could react, and what it could mean for the U.S. dollar.

The minutes are out but that doesn’t mean the Fed is out of the limelight! With FOMC officials showing major concerns about the economy, it’s looking more and more like we’re about to see some action from the Fed!

After Naoto Kan’s resignation last Friday, Japan’s ruling party DPJ voted Finance Minister Yoshihiko Noda as the next party leader and most likely the next Prime Minister. Will he rise to the challenges that Kan left behind?

How about that? After all was said and done, it turns out that Big Ben Bernanke didn’t announce QE3 at the Jackson Hole Symposium last Friday. Then again, he didn’t exactly shut the door on it either…

With the yen consistently dominating other major currencies, I don’t think there is doubt anybody’s mind that that Japan’s verbal and currency intervention moves have failed.

Last August 23, Japan received a debt rating downgrade from Moody’s Investor Service. According to Moody’s, the primary reason behind their move was the huge increase in Japanese government debt since the 2009 global recession.

Jackson Hole this, Jackson Hole that! The newswires have been abuzz about the Jackson Hole Economic Symposium and how important it is. But what in the world is it anyway?

The Loonie has been one of the top performing currencies year-to-date. Due to contagion fears in the euro zone, debt ceiling debates in the U.S., and rising oil prices, the Loonie has managed to edge higher versus other major currencies. With those problems behind us now, we must ask ourselves, “Is the Loonie still a good bet?”

It seems like Greece can learn a thing or two from Pip Diddy about how to not play favorites! Like a bunch of toddlers quarreling over a piece of candy, some Euro zone countries are a throwing a fit over the collateral Greece gave to Finland. Could this fall out lead to a Greek default?