Market News

Traders, at some point in their lives, have tried searching far and wide for the fabled “Holy Grail” of the forex market. Unfortunately, none have succeeded. Maybe it’s time we put our heads together and find it as one!

Y’all ready to make pips today? If you are, make sure you’re off to a good start by reading up on the fundamentals! Word in the hood is that risk appetite kicked in yesterday. Do you think it’s here to stay?

If you have kids or parents, you understand all too well that you can run from your genetics but you can’t hide. It seems portfolio managers who preach the good news of diversification have neither kids nor parents, which might explain a whole lot about their behavior.

Spanish Prime Jose Luis Rodriguez Zapatero and his amigos must have downed bottles of Mahou Clásica over the weekend after the Socialist party’s epic loss in the regional and municipal elections. Is this the end of the line for the Socialists? What does the result of the elections mean for the euro?

Here’s another one for y’all fundamentals junkies! I’ve identified a few major themes that moved the markets yesterday. Can you guess what those are?

My apologies to Casey, but his quote above seems a fitting analogy for what is playing out in the eurozone.

Need an excuse to dump your high-yielding assets and buy the “safe-haven” franc? Don’t worry! Here are three reasons why you should go after the franc like Captain Jack Sparrow goes after his rum:

Aaand the votes are in! Drum roll please! Five brilliant ideas, but one stood out from the rest. The winner of the Reader’s Choice: Trade of the Week Contest for May 23 – 27, 2011 is none other than…

Brace yourselves for this week’s set of economic data folks. There’ll be some potential catalyst in store for ya’ll so make sure you read up!

It’s official! Japan sank to its third recession in a decade after the March 11 catastrophe left their economy in shambles. How soon can Japan get back on its feet?

About a month ago, we all got to see the brokers’ profitability report for the first quarter, which revealed to us whose clients were making the most money. This time around, let’s take a look at a couple of brokers and see how much moolah they themselves are raking in.

Now ex-IMF Managing Director Dominique Strauss-Kahn was probably sipping his Bling H20 just hours before he got thrown into prison at Rikers Island. Talk about hitting rock-bottom, huh? Although his request for bail has already been approved, the drama surrounding his arrest is still far from being over, very far.

The submissions are in, so it’s time to vote for your favorite trade setup for this week! I have compiled a neat list of the setups that have been submitted by our users. Take a look at which trade you think is best and vote for it. Represent yo!

I was listening to a Reuters interview with David Bloom of HSBC where he revisited an idea he said was already recently posed on Reuters

And the minutes are in! Get the dish on what the FOMC gang talked about in its most recent meeting. From what I’ve heard, Big Ben and his buds are putting their thinking caps on for an exit strategy out of its uber easy monetary policy.

It’s that time of the week again, folks! You can now submit your brilliant trade ideas to be chosen as the Trade of the Week for May 23 to May 27, 2011.

Looks like the euro and Aussie are going for clean sweeps against the dollar! Can they make it five for five this week?

I guess planning crops has become rather tough when you can’t predict whether a rainfall will bring 6 inches or 60 inches. Actually, I know nothing about the rainfall amounts of monsoons – I stopped trying to predict them long ago for obvious reasons.

Mark May 20 on your forex calendars kids! No, it ain’t just because it’s Friday and you get to decide whether you’ll be kickin’ in the front seat or kickin’ in the back seat. Canada will release its inflation figures for April!

It’s Thursday already? Don’t get left behind and get the latest scoop on the hottest events today by reading through my daily forex fundamentals!