Forex Gump

For the past few days, several popular areas in London have been overwhelmed by screaming, looting, and violence. Here’s why I think the recent U.K. riots are digging the U.K. economy a deeper grave.

Unless you’ve been living under a rock, you should know that gold prices chalked up a new record high at $1814.98/ounce this week. That means the precious metal is up by more than 30% this year! Is it time to join the gold rush?

I’m not one to exaggerate things, but this has got to be one of the wildest market environments I’ve ever seen in my LIFE!

The numbers are in folks: the U.S. labor market improved in July! Last Friday, the non-farm payrolls revealed some good news for the U.S. It showed that net hiring increased by a solid 117,000 in July. Let’s take a closer look at the numbers to find out if the U.S. labor market is really out of its slump.

Just when investors thought they could finally breathe a sigh of relief from a hectic week in the markets, S&P decided to rain on their parade. It did what no other credit rating agency has ever done before. It downgraded U.S. debt.

With the markets in panic mode to end last week, commodities, including our beloved black crack, took a major hit as traders jumped ship. Will investors continue to dump oil down the drain or is this merely a much needed correction?

With central banks dishing out rate statements left and right, it’s easy for a homie to get lost in all the ruckus. Lucky for you, you’ve got your brotha from anotha motha, Forex Gump, to break everything down for you!

This week we saw both the Swiss National Bank (SNB) and the Bank of Japan (BOJ)’s attempts to weaken the Swiss franc and the Japanese yen, respectively. The question is, will their strategies work this time around?

With the BOJ’s interest rate decision only a few days away, let’s take a look at how the Japanese economy is faring. Is it really experiencing a V-shaped recovery?

Now that the Senate got the ball rolling and (finally) passed a new debt ceiling plan, what’s next for dear old Uncle Sam and his scrillas?