Forex Gump

All eyes are on Canada this February and not just because the Vancouver Winter Olympics 2010 are about to kick off next week. Last week, finance moguls from the Group of Seven economies met in Ottawa to discuss the state and fate of the global economy.

Its payrolls Friday tomorrow and we all know what this means – a lot of volatility! Will we finally see an uptick in employment this time around?

With the BOE MPC statement coming out tomorrow, the King and his merry men are set to decide on the fate of the British economy. Will they say aye or nay for further QE?

The “wait-and-see” sickness has finally got to the Land Down Under. Yep, you heard me… In a surprising move, the Reserve Bank of Australia recently announced their decision to keep the interest rate unchanged.

Holy mother of the FX market, did you see the numbers on that thing?! I’m referring, of course, to the Advanced US GDP report released last Friday. It revealed that the American economy expanded 5.7% during the final quarter of 2009, marking its fastest pace of growth in six whole years! Sexy!

With Big Ben’s status as Fed Chairman still hanging in the balance, the FOMC stuck to their usual “cautiously optimistic” spiel during their recent rate statement. Well, I’m tired of the same old speech from the Fed… I think they’ve been reading from a script that’s almost a year old!

Just recently, we saw China overtake Japan as the number two biggest economy in the world. The change in the world rankings was more than just result of China’s robust economic growth as Japan’s poor performance made them surrender their spot over to the Chinese. I have come up with, not one, not two… but FOUR main reasons why the Japanese economy is in trouble.

Even though big brother RBA has been raising rates month after month, don’t expect the RBNZ to follow suit just yet! Let me tell you why!

My, how time flies! Just 4 years ago, we were all introduced to a certain Ben Bernanke who would be the new head of the Federal Reserve. Now, with his term coming to an end, what will happen when the confirmation clock strikes midnight for Big Ben?

US President Barack Obama did quite a number on the markets yesterday when he called for an overhaul of the banking industry. Wait, let me reword that. Obama, in his speech yesterday, declared a full-on war on commercial banks.