Market News

Who turned the risk appetite switch on yesterday? Find out in my daily economic roundup!

Actually there has been a lot of good news out there in terms of ongoing production and exports, but many are now seeing through the lens of risk thanks to the Eurozone.

One by one, European nations have been announcing that they plan to implement austerity measures to help with their respective deficit problems. Austerity measures? What the heck is that? Is this a new fad I don’t know about? Sounds Na’vi to me!

Fitch warns the UK? Bernanke is being more optimistc? SNB intervention? Read all about it in today’s roundup!

Ok, we all know the story (even though it’s been thrown on the backburner with the ongoing implosion of Europe): the US dollar is doomed because of the growing deficits and debt in the United States.

Now that the Bank of Canada followed the Reserve Bank of Australia’s lead and hiked rates last week, is it time for the Reserve Bank of New Zealand to follow suit?

What’s up forex fellas? Even though economic reports seem to be taking the backseat now that debt problems are hogging the spotlight, you don’t want to miss out on upcoming events, do you? Read up!

We put together the chart below for a presentation we made back in January this year; it is a visual representation of the four primary underlying themes we think will drive the long-term dollar bull market.

First Greece. Now Hungary? Yikes! There seems to be another case of sovereign default brewing in Europe! What does this mean for the slumping euro?

Whoa, were you able to catch those nice moves last Friday? If you’re interested in knowing what happened and what are the things to watch out for this week, head on over to my daily roundup!

On Wednesday, I had an opportunity to present a webinar to discuss my current views about the euro. One of the key PowerPoint pages summarized reasons for my continued concern about the euro

It’s the first Friday of the month and we all know what means! It’s NFP Friday! Time to bust out the grill and lawn chair! We’re going to see some fireworks tonight!

You might remember I kicked off the show on Tuesday by touching on the latest Reserve Bank of Australia monetary policy decision: no change to interest rates.

It’s that time of the month again when one of the most important economic data gets published. Of course, I’m talking about the US non-farm payrolls report!

Ho hum, ’twas a quiet day in the markets yesterday. Could the major pairs be warming up for strong moves later on? Read up on the economic catalysts on today’s schedule!

Now even Iran is jumping on this dollar bull market… The Iranian central bank has announced that it will sell 45 billion euros from its foreign exchange reserves to buy dollars and gold, China’s official Xinhua news agency reported on Wednesday, citing unspecified Iranian media reports, Reuters reported.

It looks like Japan will be heading to summer school again, as it recently got three D’s on its latest report card! What are Japan’s problems now? Deflation, debt, and disastrous politics!

As expected after a long weekend, the FX market came back into life yesterday. The day began with a strong dollar rally, which promptly faded when the US trading session kicked in. Is this ranging behavior we’re seeing?

What did the RBA do? Nothing. And their inaction confirmed what traders have been anticipating: a very unstable foundation for the global economy.

The Reserve Bank of Australia finally ended its hot streak and decided that current interest rate levels are appropriate. I guess the question that is on the mind of every Aussie trader is this: How long will the RBA sit on the sidelines before they begin to think about raising rates again?