Forex Gump

Ladies and gentlemen, let me welcome you to the event you’ve been waiting for your whole life (or at the very least, 9 months) – the prospect of economic recovery! In pole position, the Reserve Bank of Australia…

With not much high impact news released yesterday, we saw a lot of ranging from currency pairs. Will good releases from the heavy load of economic reports coming out today help spur the recent run of risk tolerance?

Risk appetite was in full bloom yesterday, pushing the high-yielders to new yearly highs! With economic data supporting the notion of “economic recovery,” the rally seems unstoppable. Still,this is the FX market and no one knows for certain what will happen next!

Higher yielding currencies like the EUR, GBP, and AUD ended last week with a bash. Will risk appetite continue to push them higher?

Apparently, any speculation that the pace of recession was easing was not enough. My buddy, Reserve Bank of New Zealand Governor Alan Bollard, and his crew decided not to

Things are heating up as traders anticipate economic releases that pose event risks for today. See what’s in store at the daily economic roundup!

Is the recession staying or going? Recent sentiment shows that many traders and investors feel the recession is on the way out. Is this so? Well, the US GDP report being released later this week could give us a better idea…

Fueled by the crash in the Chinese stock market, investors sought the refuge of the world’s reserve currency yesterday. It seems that the USD is starting to pick itself up from its recent demise.

Risk aversion popped its head back in the market yesterday when the US consumer confidence report came out worse than expected. Will riskier assets continue to lose ground today or will investors see this a chance to buy them up again?

Higher yielding currencies like the AUD, EUR, and GBP continued its rise over the JPY and the USD for the most part of yesterday. Investors, however, banked in their profits during the US session which capped the currencies’ ascend. Will we see another run-up in prices in today’s trading?