Forex Gump

Y’all are probably wondering what happened last Friday, when the greenback got a major beating across the board. At first glance, it would seem that the sell-off was merely caused by risk appetite, when the US retail sales report beat expectations by a large margin.

Come Friday, we’ll see the results of the US retail sales report covering the month of February. Did spending pick up? Or did consumers decide to keep their hands in their pockets?

In a few hours, we will witness the biggest event in Middle Earth’s… errr, New Zealand’s history (not really, I’m totally exaggerating)! At 8:00 pm GMT today, the Reserve Bank of New Zealand will announce its decision on the country’s benchmark interest rate.

Ahh… Just when you thought the Greek debt drama was over, a new development popped up. This time, it came in the form of a proposal, an institution aptly named the European Monetary Fund or EMF.

Did the result of the recent non-farm payrolls report just tip the balance in favor of the higher yielding currencies? Could this be the end of the dollar rush?

This coming Friday, prepare yourself for the release of the mother lode of all economic reports, the US non-farm payrolls! So bust out your Blackberries, turn on your , and buckle your forex seatbelts because we may be in for a wild ride!

It appears that the recessionary freeze on the Canadian economy early in 2009 is warming up. Will the BOC break the ice by raising interest rates sooner than expected?

Just recently, I presented several good reasons why things could get ugly for the pound. And guess what? The pound has gotten beat up pretty badly lately, with both the Cable and Guppy plummeting by more than a thousand pips in just a couple of weeks!

In its last meeting, the Reserve Bank of Australia surprised the markets by NOT raising interest rates. Given the recent developments in the Australian economy, could now be the time to hike?

While the UK and euro zone struggle to post sustainable growth, the US was able to post growth of 5.7% in the advance GDP report earlier this year. Will we see the same figure in tomorrow’s preliminary GDP report?