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Looks like the upbeat tone from the FOMC statement really spurred risk taking yesterday. If this kind of optimism persists, we might see another set of yearly highs soon… In any case, let’s take a look on what’s in today’s economic cupboard!
Read MoreA couple of days back, I wrote about the aftermath of the NFP report from last Friday. I mentioned that the way currency markets reacted to the event hinted that the inverse correlation between equity markets and the
Read MoreYesterday was like a New Year in August due to the fireworks that were lit upon the release of the FOMC rate decision. Today, another set of high impact reports is due in the US. Keep you guards up! Another round of volatility might be coming our way again.
Read MoreTraders are sitting on the edge of their seats awaiting today’s set of market-moving events. Get the latest scoop on today’s economic roundup!
Read MoreBy now, I’m sure you have all heard that the NFP report came out better than expected, printing job losses of 247,000, bringing the to down to 9.4% from 9.5%. Actually, it seems fishy – a quarter million jobs were lost and yet the unemployment rate went down?
Read MoreAnd the dollar continues to gain although higher yielding currencies like the AUD and NZD remain resilient! Is this a signal of a new trend in the making?
Read MoreWhat a riot Friday was! It seems traders are growing weary of this risk appetite market theme as they took the USD higher across the boards despite better than expected results on the non-farm employment payroll report.
Read MoreMost of the currency pairs are back in consolidation mode for the most part of this week. This trend or non-trend can end today with the release of the most awaited NFP report in the US today.
Read MoreYou know that feeling when the weather is nice and you just want to go out and enjoy it… only to hear news of a potential storm brewing? That’s how it’s like in the currency market when the Non-Farm Payrolls report comes along every month…
Read MoreOoh, the tension! The score is tied in the buyers vs. sellers game yesterday. Any economic reports that could bring an upside advantage? Find out on today’s economic roundup!
Read MoreIf you can dream it, you can do it.Walt Disney