Market News

Extra! Extra! The dollar dropped like a rock in yesterday’s trading session! What caused the fall? Ah well, read on!

Just yesterday, the markets seemed to rejoice after finance ministers and central bank heads reached an agreement on Basel III. Yipee! Wait a minute, what’s Basel III?

Gee Willikers Pip Diddy, that is a large number of economic reports due today! It looks like the majors will be in for a wild ride this week!

Shopaholics unite! It’s time to check out the upcoming retail sales reports to see the status report on consumer spending. New Zealand, United States, and United Kingdom, how you doin’?

Ooohhhh boy! I have a feeling that with all the news reports coming out this week, we could see some bursts of volatility! Bring it on!

Ahhh… Friday at last? Will we see some profit taking? Can the euro bounce back? Make sure you know what lies ahead by reading today’s roundup!

In the Fed’s Beige Book, central bank officials highlighted some bright spots in the US economy, such as higher consumer spending and improved private investments. Still ain’t good enough?

What a topsy-turvy world we live in, eh? First, traders are all risk averse. Next, they start buying up higher yielding currencies! Make sure you don’t get caught in any crazy moves and brush up on your fundamental analysis by reading today’s roundup!

We said what is interesting about this chart is the fact gold and the US dollar have moved in a positive correlation lately. We’ve highlighted the area on the chart roughly where you can see the two price series started moving together. This isn’t usually the case as you well know.

The UK takes center stage on Thursday as the BOE releases its decision on interest rates. Are we in for any surprises?

Another day, another chance to catch pips. Make sure you check out my roundup first to see what’s in store for today. Happy pipping!

As we finished up last week with US Nonfarm Payrolls, we were left with a taste of risk-taking. US stocks breached resistance and the dollar flopped, barely holding on above support.

Last July 23, the euro took a breather from dropping to its record-lows across the charts after the results of the EU stress tests were published. But it seems that the stress issue has come back to haunt the markets again! Did the naysayers finally shout loud enough to cast doubts on the stress tests?

Back to work again, forex folks! For those who were busy enjoying the Labor Day holiday, check out my roundup to see what you missed yesterday and to find out what’s in store for today.

The first of September has passed and with it, the results of the latest NFP report. To pretty much everyone’s surprise and delight, the results were oh-so-good! But is this really the case?

Happy Labor Day everyone! Even though most US traders are off on a holiday, the pippin’ don’t stop, yo! Read my economic roundup to find out what’s in store for today and this week.

A member of the Crooks family was recently talking about roulette, specifically how he thought that there must be a strategy that can put the odds of winning in your favor. Perhaps there is, but he wasn’t able to vocalize it and we weren’t buying it. Flipping a coin came to mind.

A certain Jean-Claude kicked butt yesterday and no, I’m not talking the guy from Street Fighter and Universal Soldier. The dude I’m referring to is ECB Governor Jean-Claude Trichet, and he doesn’t need to take off his shirt and intimidate you with an unbelievably muscular body, no sir!

After yesterday’s risk-taking rocket ride the obvious reaction is to sit and watch for a reaction. Will traders take the opportunity to sell after yesterday’s strength? And if so is it profit-taking or simply an opportunity to get short?

Good day forex folks! It’s NFP Friday! Aside from that, a bunch of other top-tier reports are on deck today. Check out my daily roundup so you don’t miss out on those!