Market News

Phew! What a week! But the crazy price action ain’t over just yet. The major currency pairs seem ready to end the week with a huge bang!

Despite general risk aversion, the euro was able to post a win against the dollar. Find out why and more on today’s edition of Daily Forex Fundamentals!

I poked a bit at James Turk yesterday, asking whether he was right to think gold will benefit from a flight-to-safety bid in the wake of a sovereign default. I think he could be wrong. But he is right about something.

The People’s Bank of China (PBoC) is really making this a monthly thing, isn’t it? For the sixth time this year, it has raised the reserve requirement ratio (RRR) in hopes of reining in inflation.

A saw a prediction today stating that gold will reach $5000 an ounce because of a global supply deficit. Sure there are some industrial applications for gold, but will gold be consumed (and hoarded) to an extent that future mine supply and production won’t be able to sate?

This week, we turn the spotlight to the submissions to the Best Forex Trading System for the month of June. So far, we have five contenders vying for the top spot. Is the Holy Grail system among them?

Who’s in the mood for a hearty serving of fresh economic updates? I’ve got one coming right up! Check it out!

Goodbyes are never easy. Just ask Cyclopip who’s been dateless on Valentine’s Day for the past ten years. But a few naysayers think that for Greece, there really is no other option but to dump the euro and bring back the drachma.

Will risk appetite continue to dominate the market or could we see a midweek reversal today? Find out what lies ahead by reading my daily roundup!

Just a couple days after the OPEC shot down requests from Saudi Arabia, Kuwait, Qatar and UAE to increase oil production, Saudi decided to go off on its own route and announced that it would be raising oil production in July. What gives?

Is risk appetite the name of the game? After all, the dollar was yesterday’s major loser! Read up on what happened by checking out my update today!

You may know already, but if you don’t: I don’t like Larry Summers. To me he is the poster child for the smarmy Northeastern liberal who thinks he is the Master of the Universe (there are so many of these clowns out there it’s hard to count them all).

We’ve seen our fair share of downgrades and downgrade warnings in the past couple of months, but something tells me another could be waiting just around the corner.

The tribe has spoken! The winner of the Trade of the Week Contest for June 13 to 17, 2011 is none other than…

Yo! Are y’all ready to get some pips? Check out my daily forex fundamentals and find out s’hapnin’ in the FX hood this week!

Are you ready to get bombarded by CPI figures coming in from China, the U.K., the U.S., and euro zone? Better mark those calendars for this week’s inflation reports!

As markets had expected, ECB President Jean Claude Trichet uttered the magic words “strong vigilance” in his interest rate speech last Thursday. So why did the euro fall sharply last week? Here are three possible reasons.

On June 8, 2011, Moody’s, a global credit rating agency, threated that it would cut U.K.’s top-tier AAA sovereign credit rating if the country’s sluggish domestic growth continues and the Coalition government fails to meet its debt targets.

I watched European Central Bank chief Jean Claude Trichet on Reuters TV yesterday during his press conference; all I could think was Kabuki.

I think we need only look at one chart to understand the vulnerability of risk assets fully-priced for future growth; it is the global purchasing managers’ index and it shows all the major countries turning over that the same time.