Market News

The US retail sales comes out tomorrow and it’s a biggie. It’s important to know what the report is all about. Consumer spending makes up a whooping 70% of all US economic activity. Retail sales account for one-third of that. If consumers keep spending, it’s a sign of overall economic growth.

Dollar dolla bill yo! The dollar started the week on a good note, as was the king of the currency hill. Will this continue for the rest of the week?

Like any business, a country has to keep track of its inflow and outflow of goods, services, and payments. At the end of any given period, every country has to look at its own “bottom line” and add up all international trade and investments.

Whew, that was quite an exciting finale for the World Cup, wasn’t it? Now it’s time to find out which currencies could finish strongly today. Check out my economic updates and forecasts!

There has been a lot of double-dip talk in the market, and a lot of it from us. But, we remain open to being very wrong. Quite possibly, if the recovery is back on track, the US dollar will get smoked on yield and growth differentials; a couple of key factors that not too long ago appeared to favor Mr. Greenback.

Still wondering why the Swiss franc just keeps on raking ’em gains like there’s no tomorrow? Well, wonder no more! In this edition of Piponomics, Forex Gump’s going to give you three reasons why everybody loves the franc.

Friday may be the end of your work week, but it also marks the last day of trading! A good thing or a bad thing? In any case, let’s make it good and grab those lovely pips! Let’s see what today’s has to offer, shall we?

Let’s shift our focus to a nation that’s recently been showing a lot of promise – Canada. Tomorrow, when the clock strikes 11:00 am GMT, the country will release its labor market report.

Looks like the risk bulls are coming out in force! I guess there won’t be any soup #5 this week eh?

As expected, our buddies over at the RBA have decided to keep interest rates steady. With this being the second month in a row that the central bank has hit the pause button, I am left wondering when exactly should the RBA resume hiking rates?

Good day forex folks! In case you’re wondering which reports could shake things up in the currency market today, check out my daily economic roundup to find out!

Could unemployment be the kryptonite that will conquer the world super power? Judging by Friday’s data releases, it just might be!

Yawn… Save for the pound, most major currencies barely moved against the dollar yesterday. With traders coming out of their extended weekend, will we see some breakouts?

Talk about making a difference! Just one week after stepping up to the plate, Prime Minister Julia Gillard, the new superstar of Canberra’s Sex and the City, has managed to work out compromises on Australia’s mining tax!

Belated Happy Birthday Uncle Sam! Even though US traders are out enjoying the holiday, better to be on your toes and get in the right mind set by reading today’s roundup!

Swissie on a tear for sure against the US dollar…hesitating at the 61.8% retrace from Nov ’09 low today, as speculators take the SNB seriously it seems, especially after this move…

Did you catch that fireworks display on the currency market yesterday? Quite early for a Fourth of July celebration, I say! Check out my roundup to see what other events could come with fireworks today.

Go Google news on “China labor strikes” and you’ll find plenty of recent articles about the latest worker strikes throughout the country (notably at the Honda plants).

It’s NFP Friday and we all know what that means – a catalyst for major moves! If yesterday’s report was any indication, we may just be in for a downside surprise. Analysts normally look at the ADP as an indicator of things to come once the NFP version rolls around later in the week.

Wow, trading was as mixed as a bag of nuts yesterday! The dollar managed to gain over the comdolls and the pound, yet it took a hit against the yen, the Swissy, and the euro. Find out why in my daily roundup!