Forex Gump

Yesterday, the 11-member “Black Crack” Mafia, better known as the Organization of Petroleum Exporting Countries (OPEC) agreed in Vienna, Austria, to keep daily production quotas steady at 28 million barrels a day. Several of the greedier Black Crack dealers said that if prices kept falling, they would cut production. This pretty means expect oil prices …

This pair of maps show the global presence of Starbucks coffee shops and McDonald’s restaurants.

Common sense tells us that if US data comes out bad, shouldn’t the dollar fall? Right? Hello?

Here’s a cool side-by-side comparision on the blog, Economist’s View, of the latest FOMC statement with the meeting before. It’s interesting to see how hardcore economists like to dissect these things. I’ve attempted a dissection myself. My comments are in blue. June 29, 2006 Statement August 8, 2006 Statement For immediate release The Federal Open …

Here’s a pretty picture of interest decisions by the European Central Bank, Bank of England, and Federal Reserve since 1999. Source: Wachovia Corporation Economics Group Here are the predictions of rate moves from Wachovia economists for the rest of the year: They believe the Fed is done for the year. They also "believe that the …

According to the Fed Reserve Bank of Cleveland, here are the current market predictions for what the Fed will do during their August FOMC meeting: Notice on 06/26/06, there was a 90% probability that the Fed would hike rates to 5.50% in August. Here were the exchange rates at the time for the majors: EUR/USD: …

According to the Lundberg Survey, the US average for self-serve regular gasoline stood Friday at three dollars, one and a-half cents ($3.015).

Last Thursday, the dollar shot up because the private payroll processing firm ADP released their employment citing a ridiculous gain of 368,000 jobs for the month of June. This sounded all gravy until the real deal non-farm payrolls report came out with a "puny" number of 121,000. Talk about being off. Here’s a screenshot of …

Greetings forex traders! It might be a little early, but here are the current predictions for the September FOMC meeting.

Place your bets now forex traders. Here are the current market predictions on what the Fed will do during this week’s meeting and the next.