Forex Gump

A couple of sleepless nights ago, I wrote about how the world’s third largest economy printed a trade deficit for the first time in two years. Well, guess what? China, which is currently holding the number two spot in the global economy, also suffered its first trade deficit in almost a year!

Last Thursday credit ratings agency Moody’s rocked the euro’s world when it downgraded Spain’s ratings from Aa1 to Aa2. Read on to know why!

What’s up with the RBNZ’s 0.50% interest rate cut?! Traders knew that a cut was coming, but what was surprising was that they slashed rates twice as much as the projected 0.25% cut! Will this be enough to shield NZ from a double-dip?

Japan saw its first trade deficit in two years for January 2011, causing its current account balance to shrink by nearly half. Duhn, duhn, duhnnn! Is the world’s third largest economy in danger?

A couple days ago, the BOE made the big announcement that Andrew Sentance will be walking out the door come June. But who is this mysterious former Goldman Sachs employee who has come to replace our beloved long-time hawk? Pipsters, say goodbye to Andrew Sentance, and hello to Ben Broadbent!

While it wasn’t a surprise that the European Central Bank (ECB) decided to keep its interest rates on hold at 1.00% last week, I bet many weren’t expecting ECB President Jean-Claude Trichet to be uber hawkish on the markets!

HOORAY FOR JOBS! No, I’m not talking about the genius that is Steve Jobs who recently unveiled the iPad 2. I’m referring to the impressive figures revealed in the U.S. jobs report for February! Let’s dig beneath the headline figures to find out whether the labor market’s comeback can last…

Earlier this week, a couple of reports were released which showed that Chinese growth might be cooling. What are am I talking about, you ask? Don’t worry, I bet you’re not the only one who got caught up with the news about the ongoing tension in Libya… or Justin Beiber’s girlfriend.

I bet it didn’t come off as a surprise that the Bank of Canada (BOC) kept rates on hold at 1.00% during their March monetary policy decision. This marked the fourth time that the central bank decided to sit on its hands and wait for more convincing signs of an economic recovery.

I know some of you are still going gaga for Apple’s latest product of pure awesomeness, but let me interrupt your research on the iPad 2 with an NFP preview. What should you expect? How can you make some moolah to get you your new toy?