Market News

The lack of top-tier reports in yesterday’s economic calendar was not enough to stop the majors from busting those strong moves. Get in the groove with today’s reports by reading my roundup!

You probably read about it already; maybe you didn’t … Being proposed is a European Monetary Fund (EMF) — similar to the International Monetary Fund — that could step in and bail out Eurozone countries facing troubled fiscal situations.

Ahh… Just when you thought the Greek debt drama was over, a new development popped up. This time, it came in the form of a proposal, an institution aptly named the European Monetary Fund or EMF.

Too busy watching the Oscars that you don’t know what happened in the forex world? No worries – I’ve got the 411 in today’s roundup! Read up!

Now that global recovery is gaining momentum, according to the pundits, and risk appetite is back on the table, maybe the US dollar index is due for correction

Did the result of the recent non-farm payrolls report just tip the balance in favor of the higher yielding currencies? Could this be the end of the dollar rush?

Thanks to the better-than-expected results on the non-farm payrolls, the currencies were able to knock out the dollar in the forex arena last Friday. Is the Greek debt drama finally over? Could this be the start of a new trend?

CFTC Commissioner Jill Sommers and President of NFA, Dan Roth met on Friday. Guess what was discussed?

The month of March opened up great with the release of several high impact reports. But we’re not yet done! This week’s main event, the US NFP report, is still due later! Watch out!

February US Nonfarm payrolls are reported tomorrow. Typically it’s a snooze-fest in the markets for the 24 hours or so leading up to that report.

This coming Friday, prepare yourself for the release of the mother lode of all economic reports, the US non-farm payrolls! So bust out your Blackberries, turn on your , and buckle your forex seatbelts because we may be in for a wild ride!

Risk-hungry investors had quite a feast during yesterday’s trading but would today’s high-impact reports ruin their appetite? Aside from a couple of interest rate decisions, check out the other entrées on today’s economic menu!

Some analysts have the view that if Greece is stabilized it will prove the euro has passed a major test, and lead to a fresh new rally against the US dollar.

It appears that the recessionary freeze on the Canadian economy early in 2009 is warming up. Will the BOC break the ice by raising interest rates sooner than expected?

Need to know what economic reports are coming up? Don’t worry – I got yo back! Check out today’s roundup!

From the very first hint at a government stimulus effort in the US, there were plenty voices in the opposition’s camp trying to point out the perversity of pumping money into an economy that was already awash with debt and over-leveraged.

Just recently, I presented several good reasons why things could get ugly for the pound. And guess what? The pound has gotten beat up pretty badly lately, with both the Cable and Guppy plummeting by more than a thousand pips in just a couple of weeks!

Extra! Extra! Read all about it: The pound gets taken to the woodshed and the commodity-based currencies post some nice gains!

Ouch! The British pound got hammered this morning…and the euro ain’t acting as though the German/French plans to bailout Greece are going so well. Commodity currencies flat…but will likely take their cue from stocks again today.

In its last meeting, the Reserve Bank of Australia surprised the markets by NOT raising interest rates. Given the recent developments in the Australian economy, could now be the time to hike?