Market News

While the dollar bears are still partyin’ like it’s 2012 on the charts, other forex junkies are treating the dollar’s weakness like it’s Dynamite for the U.S. economy. Is the weak dollar any help for the US economy, or is it a sign of worse things to come?

Looks like the dollar bulls lost it’s winning touch! Will we see the Greenback take more hits today?

Lots of topping patterns (at least if one is looking for such evidence) seems to be on display after Friday’s close and big dollar reversal (dealers feasting on those dollar sell stops).

Last Friday, the U.S. reported that sales in the retail sector went up by 0.6% month-on-month in September, better than the 0.5% expected. On the other hand, the core version of the report, which excludes “volatile” items such as automobiles and fuel, rose by 0.4%, right in line with forecasts.

Y’all ready for another week of forex? Check out the 411 on economic reports in today’s roundup!

Last day of the week folks, so you better make it good! Get the latest scoop on the forex market by reading up on my daily economic roundup!

If you can believe it, the US dollar has gotten hammered in the last 12 hours — the euro and pound up over a percent at their day’s highs; the Australian dollar coming very close to US dollar parity.

Figures don’t lie, baby! Just as a cream-filled cupcake soon manifests itself in the waist line, China’s currency interventions are taking its toll on the country’s foreign exchange reserves.

Who’s in for more pips today? If you’re in it to win it, make sure you take my daily economic roundup with you!

JR and I are always amazed at the hubris of so-called “market gurus.” You know them when you see them. They use terms such as “it will go to xyz” as they discuss future prices of an asset.

What be crackin’, playas? Let me give you the lowdown on what the boys of the FOMC talked about in their meeting held three weeks ago. What are you waiting for? Check it out, foo’!…

Wake up, forex folks! We’ve got another day full of economic reports ahead of us. Will these be enough to jolt those currency pairs back to life?

While most of y’all were out celebrating the long weekend or watching “The Social Network,” our buddies over at the IMF were working hard. Unfortunately, all their hard work seems to have ended up for naught. How come?

With most of U.S. in holiday mode, most major currencies decided to just take it easy yesterday. Hmm, will today prove to be another snoozer?

The results are in and to no one’s surprise, the results of the NFP report were worse than expected. Wait, if it came in worse than expected, why wasn’t anyone surprised? Okay that didn’t make sense but really, what does in today’s environment?

It’s the start of the week yo, so get a dose of Pip Diddy’s dope roundup!

The Fed, BOJ, and BOE. Can you guess which category these central banks belong? If you answered “Those joining the QE bandwagon,” then you’re right!

Before heading out to trade, look through the good ol’ Pipnoculars for a preview on what’s coming up on today’s economic calendar!

Hear ye, hear ye! I have me a preview of the NFP, won’t you click and see?

One more day till NFP Friday! Will we see a midweek reversal? Or will the dollar continue its slide down the charts?