Market News

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

Just when you thought the Bank of Japan can’t slash rates any lower, they prove you wrong and come up with virtually zero interest rates. Now that’s a new record low for y’all! What are they up to?

Ooohhh boy! Someone get a fire extinguisher – the dollar is getting burned from all that selling that’s taking place!

The currency wars began a while ago–the financial press is now catching on as a theme fit to print. As we all know, China is at the center of this war and the primary aggressor.

Greece is once again hitting the headlines, but this time, they seem to bring good news. Really? Good news? Let’s take a closer look at what Greece has to offer…

Nothing better than having a bowl of Pip Diddy’s economic roundup cereal to start your day!

Leading off today is none other than the Commitment of Traders report; we mentioned this in our weekly audio/visual summary provided to our Currency Currents Professional members on Friday.

Tomorrow, the RBA will be kicking off October with a bang, as it’ll be releasing its interest rate decision. To borrow some words from Mr. William Shakespeare, the question on every Aussie’s mind is: to hike or not to hike?

It’s gonna be one of those topsy-turvy weeks again, I can feel it! Plenty of hard-hitting reports are on deck and I’m sure you don’t wanna miss out on those. Read on, folks!

Boy, oh, boy! Have you seen that range on the Loonie? It seems like traders just don’t know what to do with it! Well, here are three things that could give you an idea where it’s headed.

“Wake me up, when September ends,” sang the Greenback as it came back to life yesterday. Is the US dollar back with a vengeance or will the anti-dollar rallies resume? Check out my roundup to find out!

Really, that’s what this Eurozone fiasco has morphed into – quiet desperation. Officials — whether those heading up Eurozone member countries, the IMF, the EU or the ECB — are all holding their breath and hoping that something they do, some of their economy-restoring and debt-reducing strategies, actually sticks.

And the drama continues! Yesterday, the U.S. House of Representatives passed a bill that will allow the U.S. to charge tariffs on countries that undervalue their currencies. Hmmm… I wonder who they could be talking about…

Are you ready to battle it out in the forex arena today? Don’t forget to take my daily economic roundup with you! Stay on your toes and good luck!

Loose lips sink pips. BOE monetary policy committee member Adam Posen just uttered those two nasty letters that send shivers down pound bulls’ spines: Q and E. Uh oh…

Need to know the skinny on what economic reports are coming out? No worries, Pip Diddy has got your back in today’s roundup!

Put the news about the European Central Bank choosing not to extend certain QE measures next to the Federal Reserve discussing new potential QE measures and you’ve got the big reason, right there in front of you, why the euro is gaining ground so quickly on the dollar.

Ahh, the busy bees in the Forex streets are once again buzzing with excitement over this report that pops up in Japan once every quarter. You know what I’m talking about… The quarterly Tankan survey!

It looks like the majors decided to take it easy yesterday and just chill in their ranges! Will we see the same today? You’ll have to read up on my daily roundup to find out!

On August 30, 2010, the CFTC released its final ruling on retail Forex transactions. Let’s take a quick look at a few of these new rules and how they may affect you or your broker when they become effective October 18, 2010.