Market News

Earlier last week, the emerging powerhouse nations of China and Brazil agreed to a 10-year currency swap deal worth up to 30 billion USD! Read on to find out how it all went down!

This has been quite a week for the U.K., hasn’t it? We were hit with heavy releases almost day after day! But before we bid this week adieu, let’s recap the things we learned about the U.K. over the past few days.

Greece, Ireland, Portugal, Spain… You’d think that after bailing out FOUR countries, Europe’s problems would finally be put to rest. But apparently, that isn’t the case!

Woah, woah, woah. Is risk aversion back in the markets for real? What caused the recent selloff? You might find the answers in today’s economic roundup!

Technically, the sour news corresponds with a corrective rally that may have hit resistance that won’t again be tested for a while. While the S&P 500 (below) is certainly vulnerable, markets in Europe and Asia are especially vulnerable in the current environment – shorting (or buying put options) on select ETFs like FXI (iShares China), EWI (iShares Italy), or EEM (iShares Emerging Markets) may make sense now.

After days of speculation, the Fed finally unveiled its plans and forecasts for the world’s largest economy. What exactly did the Fed have to say? More importantly, how did markets react?

Now that the much-awaited FOMC statement is out of the way, let’s figure out what’s next for the major currencies. Don’t forget to take a look at the other upcoming events as well!

Concerns about a euro zone break up in May might have left a lot of traders in other financial markets unhappy with their portfolios. But statistics show that May was definitely a good month to be a forex trader.

Kroo, kroo. Do you hear that? That’s the ECB still keeping mum despite calls for bond purchases to help ease rising Spanish bond yields. But how long can the central bank stand pat?

The dollar gave up a little bit of ground yesterday as risk appetite revisited the markets. Will the dollar sell-off again today? See what are the events that you need to keep an eye out for in today’s Daily Forex Fundamentals!

EUR/USD fell over 100 pips and quickly closed the weekend gap to start the week. How low will it go? Is parity a possibility?

Good day, forex friends! Are you ready to catch more pips this week? Let my daily commentaries guide you through the upcoming events for today!

Finally! After days and days of anticipation, the much-awaited Greek elections are over! What will the election results mean for the Greece and the euro zone?

The votes are in! Check out which entry bagged the crown for this week’s Trade of the Week contest!

Up and at ’em, forex junkies! Start your trading week strong by reading up on what moved your favorite currency pairs last Friday! I got all the details right here on my daily forex fundamentals!

With the outlook for the global economy deteriorating, BOE Governor Mervyn King has presented the markets with a couple of tricks up his sleeve to protect the British economy. It may surprise some of you, but quantitative easing isn’t one of them. Well, at least, not yet.

The Federal Reserve interest rate decision is fast approaching, and traders are at a loss as to what the central bank will do next. Will the Fed implement more action or none at all?

It appears that keeping the EUR/CHF peg is getting more and more expensive for the SNB. Last week, a report came out saying that foreign currency reserves surged to a record high in May as the heightening turmoil in the euro zone forced the central bank to fortify their defense of the EUR/CHF peg.

It’s the last day to grab some pips for this week, folks! Stay on top of today’s economic events by checking out my economic roundup!

Earlier today, all eyes and ears were focused on the RBNZ as it announced its interest rate decision. I’ve covered all the details for y’all in today’s Piponomics report!