Market News

Forex Trading Volumes from Around the World

As if to time it with the Olympics, foreign exchange committees from around the world just published their semi-annual reports. The U.S., U.K., and Japan simultaneously published trading volume data earlier this week, providing forex traders with critical information on the three largest forex markets in the world.

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BOJ Intervention Watch

Yesterday, we discussed the SNB and gave 4 reasons why it will keep its peg on EUR/CHF. Today, I think it’s only fair that we tackle the BOJ and the likelihood that it will have to defend its currency from further gains.

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RBNZ Holds Rates, What Now?

In its latest meeting, the Reserve Bank of New Zealand (RBNZ) chose to keep the benchmark rate at 2.50% for the 11th straight month. According to the RBNZ, the decision was because of the risks in the euro zone and the low inflation outlook.

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U.K. Double Dip Deepens

Extra, extra! Read all about it! Recent GDP figures revealed that the U.K. sank much deeper in its double-dip recession during the second quarter of this year. Find out what this means for the BOE, the U.K. government, and the British pound!

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Greece: The Worst Isn’t Over

Uh oh! The Greeks are getting schooled again. The initial assessment of the Troika’s envoy to the debt-ridden country hints that the country won’t be able to pay its debt obligations!

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Never let the fear of striking out get in your way.George Herman "Babe" Ruth