Market News

I know y’all are excited to get it down on the dance floor coz it’s Friday. But before you put on your dancing shoes, check out my economic roundup to help you make some pips before happy hour starts!

One of our Members wrote to me yesterday, basically telling me I was “full of it” if I thought the US dollar was going to do anything but maybe bounce at best, and only because it is so oversold; then it is headed into the dust pin. He is saying there is absolutely nothing that can change that inevitability.

Are commodity bulls running out of steam? Find out why I think the commodity rally might not be over just yet.

Alright everybody, time to put away Call of Duty and start reading up on some upcoming economic events! I got it all for you in today’s roundup!

One input to our US dollar bull market call at the beginning of the year was the potential shift in capital between the financial economy and the real economy. The stock market began a dramatic rally well before the US economic “recovery” took hold. And stocks have continued climbing.

After Greece and Ireland, the domino effect continued with Portugal asking for a bailout. You know the debt crisis story. It is expected that Spain will tap the bailout counter soon. However, it seems like the last of the PIGS is not giving up without a fight for a happy ending.

Don’t miss out on the chance to trade the news today! Check out my daily economic roundup to find out which reports you can play.

One of our background themes, no great shakes as others hold the same view, has been the idea the Bank of England summons any available raw material to try to avoid hiking interest rates. Just maybe today they got it, and the British pound is acting accordingly.

If you still haven’t decided how you’re gonna play the U.S. retail sales release this week, check out my two cents on the upcoming report. Who knows? My two CENTs could bring a two perCENT gain on your account!

We got lots of action on the charts yesterday as the dollar erased some of its recent losses. Is this a dead-cat bounce or is it a reversal in the works? Read up to find out!

Yesterday while we were busy watching Soul Surfer in theaters, China posted its first quarterly trade deficit in SEVEN YEARS. Should we start worrying about it?

It’s Monday again! Time to rise and shine playaz! Y’all eady to dive and trade in the forex market today? Don’t forget to take my daily economic roundup with you!

Just a few hours before the clock struck midnight, Republicans and Democrats agreed to a compromise and avoided a government shutdown. Whew, that was close! But what’s next?

Thanks to the subprime mortgage crisis, government financial regulatory agencies have stepped up their game by implementing tougher restrictions on the financial market. One of the biggest changes that they decided to implement is the Dodd-Frank Act. Interested what it’s all about? Read on then!

On April 7, 2011, European Central Bank (ECB) President Jean-Claude Trichet finally caved in to inflation pressures and decided to raise interest rates by 25 basis points to 1.25%. It marked the first rate increase of the ECB in almost three years!

As you likely know, the euro spiked (is still spiking) to a fresh intermediate-term high today, as the dollar is generally being whacked across the board–but there have been worse days for Mr. Greenie–many of them in fact.

The European Commission may have shown a lot of love for debt-ridden nations when it established the European Stability Mechanism (ESM), but not all market pundits are seeing the ESM through rose-tinted glasses. Come check out what flaws nitpickers have seen in the ESM!

No, that rumor that Huck has a boyfriend ain’t true, but you know what is for real? The ECB raising interest rates! Read all about it in today’s roundup!

Word has it that gasoline demand is rather sluggish now that prices are rising pretty steadily. Recent weekly drawdown in gasoline stocks plus rising crude oil prices have supported gasoline futures, but is the picture as bullish as it seems?

Oh boy, it looks like Wall Street is buying up those ol’ subprime bonds once again. What will this mean for the financial markets? More importantly, what does this mean for all us currency traders?