Market News

If you’ve been shorting the yen purely in hopes of the Bank of Japan stepping in as it did back in March, you may want to reconsider your strategy.

Yes, Greek Prime Minister George Papandreou may have survived the confidence vote earlier this week. However, his work is far from over, as the government still needs to agree on a new 28 billion EUR austerity package. As it is, there’s one man standing in Big George’s path. And his name is…

Unless you are either deaf or dead I am sure you have heard the incessantly ubiquitous ‘Buy gold!’ commercials on TV, on the radio, while eating breakfast, riding your bike, getting a cavity filled, etc. etc. etc.

The U.S. versus China – one of the world’s greatest rivalries. It’s up there with the likes of PC versus Mac, Barcelona versus Real Madrid, and Rosie O’Donnell versus Donald Trump. But the truth of the matter is that these two need each other more than you’d think.

Risk aversion strikes back! Why did the higher-yielding currencies take another hit from the safe-havens yesterday? And is risk aversion here to stay? The answers to those questions and more can be found in my daily forex fundamentals!

As expected, Big Ben and his men decided to keep rates on hold at 0-0.25% for the umpteenth time. But don’t get me wrong, the recent FOMC statement wasn’t just a mere rehash of their previous ones. Read on to find out what else is new in their June policy statement.

The dollar took a huge swing at other major currencies yesterday due to the slightly upbeat FOMC statement. With the buying frenzy over, could we see the dollar continue with its rally?

Word on the street is that the Dodd-Frank Act will ban over-the-counter trading of precious metals, such as gold and silver. Yikes! What does this mean for commodities, forex traders, and brokers?

Whew! Greek Prime Minister George Papandreou must have breathed a sigh of relief when his cabinet survived a no confidence vote yesterday. Does this mean that a second Greek bailout is a done deal?

Is risk appetite the name of the game? Or could risk aversion come back and dominate? Find out by reading my daily forex fundamentals right now!

If you’re looking for a single person to blame for Italy’s problems, look no further than Prime Minister Silvio Berlusconi!

I will be the first to admit it: it is a sad state of global affairs when anyone can believe, as I do, the US dollar can rally in the morass the US finds itself ensconced. To say we are witnessing a global ugly contest in the world of currencies doesn’t do ugly justice.

Missed out on what happened yesterday? Read up on your daily forex fundamentals right here!

It’s almost judgment day for the Fed! On Wednesday the Fed is having a press conference after the release of its FOMC meeting minutes. Will we hear hints of a QE3?

Aaand the votes are in! We received two brilliant ideas, but there can only be one winner. Drum roll please! The winner of the Trade of the Week Contest for June 20 to 24, 2011 is none other than…

Oh boy, the market is so fickle nowadays, isn’t it? Good thing my daily forex fundamentals are here to guide you. Find out what’s in store for today!

It looks like our chaps from the U.K. have been doing their homework for the past few months in coming up with a plan to make the country’s banking sector more stable. The Chancellor of the Exchequer gave the Independent Commission on Banking’s (ICB) proposal an A. What grade will you give it?

This week, we saw the euro experience a huge drop across the board due to the disagreement on how to bail Greece out. On camp, we’ve got Germany and some European Commissioners, and on the other, we’ve got the European Central Bank.

It looks as though Europe will be somewhat relieved after this week. Crude oil prices have fallen about 8 percent in one week’s time. The high prices contributed to an April trade deficit in the eurozone as the value of imports outpaced exports.

If Gotham City has Batman and Metropolis has Superman, it seems like the FX hood has the Swissy to run to when the global economy looks grim. Check out these four reasons why the Swiss franc looks like a good bet.