Forex Gump

It’s been a while since the last time I’ve done something on the U.S. housing market. After yesterday’s report, I think it’s about time I give y’all a quick update!

Buckle up, forex buds! Today we’re gonna take a break from all the dollar drama and go on a euro trip to see what’s up (or down) in the euro zone.

Come one, come all! Get the magic in you by preparing for the roster of high-caliber reports we have on tap for this week. Don’t worry, you won’t need to rap like B.O.B. All you gotta do is count one, two, three.

Thwack! Did you catch the news of Chancellor George Osborne’s axe chopping down the U.K.’s ginormous public debt? If you didn’t, then here’s the lowdown for you!

Buckle up, forex peeps! It’s that time of the year again! This weekend, finance ministers and central bank governors from the G20 economies will be holding one of their semi-annual sleepovers in South Korea while they mull over the major concerns in the global markets. You want in on the VIP action?

Hmmm… I see a lot of action brewing from the Comdoll Banks… I wonder what’s going on….

Surprise, surprise! Economic super bully China decided to give dollar bears wedgies by hiking rates by 25 basis points this week. Did you get one?

While the dollar bears are still partyin’ like it’s 2012 on the charts, other forex junkies are treating the dollar’s weakness like it’s Dynamite for the U.S. economy. Is the weak dollar any help for the US economy, or is it a sign of worse things to come?

Last Friday, the U.S. reported that sales in the retail sector went up by 0.6% month-on-month in September, better than the 0.5% expected. On the other hand, the core version of the report, which excludes “volatile” items such as automobiles and fuel, rose by 0.4%, right in line with forecasts.

Figures don’t lie, baby! Just as a cream-filled cupcake soon manifests itself in the waist line, China’s currency interventions are taking its toll on the country’s foreign exchange reserves.