Market News

The majors have been moving like crazy the past few weeks and they aren’t showing any signs of stopping! Read my daily roundup to keep abreast of the latest happenings in the foreign exchange market homies!

Two of the most prominent forex brokers took advantage of the currency market’s growing popularity and tried their charm on investors by debuting at the New York Stock Exchange. But three months after going public, it seems like these hotshot brokers have failed to impress!

Word on the street is that Chancellor of the Exchequer George Osborne is going to stun Britain on Wednesday with more than just his incandescent smile. Yup! He promises to present the most pro-growth budget plan of this generation. But can he really sweep the Britons off their feet?

Rebecca Black couldn’t have been more right when she said “It’s Friday, Friday… Gotta get down on Friday.” (Yes, shame on me for quoting the song.) Yesterday, the Group of Seven (G-7) pledged once again to combine all their mighty powers to launch a coordinated currency intervention to stabilize the yen.

With markets focused on risk aversion, it won’t be long before low-yielding favorites like the dollar, yen, and the franc become overvalued. Here are three exotic currencies you should consider buying when your favorite safe havens start to lose steam…

Sometimes it feels good to blame the media for its ineptitude, irrelevance, or ill-informed views. But the problem may be with us and the sheer volume of useless “news” we’re willing to absorb.

It’s Friday, Friday… Gotta get down on Friday! Oh, how time flies when there’s a lot of volatility. Before you trade today, be sure to read my economic roundup first!

I dunno about you, but I was pretty stunned when I woke up this morning and saw the HUGE move among yen pairs. With the yen now at an all-time high, it has led to speculations that the BOJ now has no choice but to intervene in the markets. The question is, can it work?

Did y’all see those moves on the yen?!? It’s now at an all-time high! Read up to find out what the heck is happening in the forex markets!

While all eyes were on the ruckus in the Middle East and a possible nuclear breakdown in Japan, markets largely overlooked the Fed’s FOMC statement released last Tuesday. Did traders miss out on a big announcement, or did the Fed just play the straddle card yet again?

I have a good friend named John who has a very poignant expression when things look bleak and markets rally, as soon as he gets short. He will say to me, ―Hey don’t worry. It’s all good,‖ sardonically making light of those making money on the long side when he (and I) think the market is staring into the abyss.

Whatup homies! Ready for another day of catching pips? Here’s my daily economic roundup to get y’all pumped up and ready to go!

After being bombarded with heart-wrenching news from Japan, I think we could all use a break from the heartache. So let’s shift our attention to the euro zone and discuss the “Pact for the Euro,” a we’re-all-in-this-together tale that should give our spirits a much-needed lift!

Before heading out to trade, make sure you go on and take a look through my Pipnoculars for what may lie ahead today!

Last Friday, a huge 8.9 magnitude earthquake shook northeastern Japan. The natural disaster caused billions of dollars in damage and claimed at least 1,600 lives. It was a sad event not only for Japan but for the rest of the world as well.

It’s the start of a new week to catch pips! I bet you can’t wait to find out what the markets have in store for the coming days so I suggest you head over to my daily economic roundup!

People say only two things in the world are constant: death and taxes. In the Forex market, I guess you could say the same thing, except that death comes in the form of losses and taxes are…well, still taxes.

A couple of sleepless nights ago, I wrote about how the world’s third largest economy printed a trade deficit for the first time in two years. Well, guess what? China, which is currently holding the number two spot in the global economy, also suffered its first trade deficit in almost a year!

Last Thursday credit ratings agency Moody’s rocked the euro’s world when it downgraded Spain’s ratings from Aa1 to Aa2. Read on to know why!

What’s up with the RBNZ’s 0.50% interest rate cut?! Traders knew that a cut was coming, but what was surprising was that they slashed rates twice as much as the projected 0.25% cut! Will this be enough to shield NZ from a double-dip?