Forex Gump

US existing home sales comes out tomorrow. But what the heck does that have to do with the economy and trading the U.S. dollar?

The Fed kept interest rates unchanged at 5.25%. Find out how what’s changed in their statement from their previous meeting and what it all means.

I found an interesting article written by Alex Merk, Manager of the Merk Hard Currency Fund. Without shying away from controversy, he explains what he believes to be are a number of myths of why the dollar ought to move up or down.

The Fed kept interest rates unchanged at 5.25%. Find out how what’s changed in their statement from their previous meeting and what it all means.

Since the NFP comes out tomorrow I thought it would be good to take a closer look at this fundamental giant.

Tomorrow we have the GDP report coming out at 8:30 am ET. GDP is the broadest measure of growth for the US economy…

Tomorrow the Durable Goods Orders report comes out and I thought we should take a brief snapshot of the report before its released. If you don’t know what the Durable Goods Orders report is or why it’s important, our Forexpedia will explain everything and get you caught up.

The major US news for today was the Consumer Sentiment report which was released at 10:00 am ET. Basically, consumer sentiment is a survey given out by the University of Michigan that asks participants about their view towards the economy.

Fed statement contains the latest decision regarding changes to US short-tem interest rate (“fed funds rate”), their take on the economic conditions that affected their decision, and important clues on what the next rate decision will be. The market goes through the statement with a fine tooth comb and magnifying glasses. One addition or deletion of a word could unlock the secret of future Fed interest rate decisions and cause the market to move hundreds of pips.

When investors and traders lose confidence in a country whether it’s in their economy or government, the country’s currency usually gets dumped. Here’s something I found today that makes me want to shake my head sometimes about some of the decisions the US government makes. It’s an interesting article from from AOL Money & Finance Udiscuss the United States Mint possibly ridding of the penny. Why?