Market News

Looks like March is gonna start with a bang! Several high impact economic reports are already due this week alone! Find out what’s on tap on our daily economic roundup!

About two weeks ago, I unfortunately had to attend a funeral for my wife’s uncle. He was really a great person–fun, intelligent, and a man with real integrity and deep religious conviction.

The majors have been on a wild ride for the past few days and it looks like upcoming economic reports are bound to be exciting as well. Read my daily roundup so you’re in the loop!

Quickly, among the reasons we anticipate a multi-year US dollar bull market in the making is interest rate differentials.

While the UK and euro zone struggle to post sustainable growth, the US was able to post growth of 5.7% in the advance GDP report earlier this year. Will we see the same figure in tomorrow’s preliminary GDP report?

Looks like we’ve got some high impact reports coming out today? What are they? Secret! Find out by reading today’s roundup!

Who leads, who follows? Do rising stock prices make Mr. Consumer feel good i.e. wealth effect? Or does the ebb and flow of Mr. Consumer’s confidence blaze the trail for stocks?

Looks like the economic horizon isn’t looking too sunny for the US. Based on the recent report from the Conference Board, consumer sentiment unexpectedly fell to its 10-month low of 46.0 this month. Where did this wave of pessimism come from?

Risk aversion was the name of the game yesterday and most major currencies scrambled to hold their ground. Will the greenback continue to win or will the tables be turned?

Why is this important? It is important because the IMF’s morphing views on this imply emerging markets as a group are still highly dependent on capital flow from the developed world–center to the periphery capital flow (I saw this terminology first utilized by Georges Soros; not sure if he coined this phrase, however.)

Two Japanese samurais, I mean officials, Finance Minister Naoto Kan and the Bank of Japan Governor Masaaki Shirakawa were seen taunting each other yesterday, throwing verbal jabs and ninja stars!

Trading turned out to be a snoozer yesterday. Today, however, could be a different story given some major economic events in the UK, euro zone, and the US. See what’s up and check our daily economic roundup!

Winston Churchill once said: “Nowhere is more nonsense talked than by currency experts about foreign exchange.” We are in total agreement, and unfortunately guilty as charged, even though we do our best to spew a minimum of nonsense.

Last week, the US Federal Reserve dropped a bombshell on the markets by deciding to implement a discount rate hike, the first one since June 2006. Is this the end of the Fed’s aggressive monetary easing policies?

Good day forex traders! Ready to begin another week of catching pips? Here’s my daily economic roundup to get y’all pumped up!

Let’s just say for example you study very hard an earned a PhD. in economics at a “top” institution. And let’s say, given that you had tenure and time to consider pie in the sky stuff, as opposed to being worried about paying your mortgage next month, you develop a very nice theory about how to create a common currency.

Surprise, surprise! The Fed hit the markets with an unexpected discount rate hike! What else could happen today?!

I say nasty because the pound said to us (actually more like screamed), “YOU’RE WRONG!”

Hiding under the shadow of Greece’s infamous debt situation is Italy, another contender set to pull the rug from beneath the euro zone. Let’s look at Greece’s and Italy’s stats, shall we?

The dollar received a lot of loving in yesterday’s trading session when debt problems, this time from Italy, surfaced. A chance for the dollar bears to sell at a more expensive price?