Forex Gump

The dollar is gaining steam, as it generally finished higher against other majors in yesterdays trading! Is dollar buying here to stay?

The greenback takes center stage this week as traders eagerly await the release of the US third quarter GDP. Would it follow the footsteps of the Aussie and the Kiwi in enjoying positive economic growth? Or would it suffer the same fate as the pound after the UK printed a negative GDP reading?

Despite the light economic calendar, the USD managed to gain significant ground against most major currencies yesterday. Another chance for investors to sell the USD at more expensive levels? Perhaps!

This week will be action-packed once again with the release of several top notch economic updates. See what’s up on our daily economic round up!

It’s the last day of the week, my fellow forex traders! Time to lock in those profits, yes? Before you do, make sure you check out today’s economic roundup!

RBA interest rate hike? Check! RBNZ to raise rates? Probably. Bank of Canada rate hike? Not a chance…. Well, not in the near future at least. How come the Loonie seems to be trailing behind its com-doll buddies in raising interest rates?

Ooooh… Lot’s of high impact reports coming out today – my forex senses are tingling! See what’s happening later today!

The dollar managed to gain against most major currencies as risk aversion from poor US data hit the markets yesterday. Is this simply a chance for investors to buy the dips?

So I heard the DJIA made it above the 10,000 mark and reached a fresh yearly high but what does that mean for us forex traders? Isn’t that the kind of stuff that only stock traders go crazy over? Read on and you’ll be surprised to learn how the earnings reports could move the currency market as well.

The capitals markets started the week on a good note in anticipation of some encouraging earnings reports from the likes of Apple and Texas Instruments. Will the markets be able to follow through on this? Check out our daily economic roundup!