Forex Gump

Here is a great blog post by Mish discussing whether the "dollar is toast". He writes about the four most reasons for the dollar being toast: 1. The Balance of Trade 2. The National Debt 3. The Savings Rate 4. Monetary Printing by the Fed He then takes a look at each one and sees …

There were definitely some exciting games at the World Cup this weekend. The U.S. team actually earned a point! And Brazil was Brazil. There’s only one thing more exciting than watching the World Cup games…it’s learning the economic effects of the World Cup! Read here why the world economy will benefit most from an Italian …

Here are the current predictions of what the Fed will do in their upcoming FOMC meeting this month. Get them forex trades ready!

The Fed hasn’t stopped beating the dead horse repeatedly saying that future interest rate decisions will be dependent on incoming economic data.

Let’s review last week’s release of US economic data and the market’s reaction after one hour of each release. Durable Goods Orders Last wednesday, we had durable goods orders. This report measures the monthly increase in new purchase orders placed with domestic manufacturers for hard goods. The actual number was waaaay below expectations.

The National Oceanic and Atmospheric Administration (NOAA) says it expects a busy hurricane season in the United States this year. NOAA is predicting an above normal hurricane season, with 13 to 16 named storms, of which eight to 10 are predicted to become hurricanes, and four to six of those hurricanes are predicted to become …

Here are the latest predictions of what the Fed using the latest crystal ball reading technology from Carlson-Craig-Merck.

Here’s a great dissection by Wall Street Journal of the press release from the FOMC meeting today.

This chart shows the seasonal changes in price for gasoline. For the next five out of six months including this month, it looks like price will continue to rise. Bummer. According to an AP-Ipsos poll, Americans are driving less, trimming vacations and cutting back on heating and air conditioning. Seven in 10 say gas prices …

What if two-thirds of consumer spending was spent on filling up their gas tanks to drive to and fro to wherever oil addicts go?