Market News

We are looking for a little rebound in the euro, despite our longer term view it goes to low 1.20’s this year at least.

After nights and nights of reading up on economic reports, I have come to the conclusion that I hate the pound. Okay, okay, so I might be exaggerating a little but I think these are important things that every trader should know.

The US equities markets rebounded to their best single session performance so far this year, bringing along the higher yielding currencies with them. Will the strong wave of risk appetite continue today? Check out today’s roundup to find out!

Lost in all the preparation for the Chinese New Year was news that the People’s Bank of China raised its reserve requirement for the second time this year. It’s time for an update on what’s happening in the Far East!

Boo… The currency market didn’t have any fireworks to celebrate the Chinese New Year and, with most US traders on a holiday, most currency pairs were stuck in consolidation. Any economic releases that could spice up the action today? Find out on my roundup!

Earlier today, Japan released very… well, confusing GDP figures. It revealed that, while the economy grew 1.1% during the final quarter of 2009, the country’s expansion between August and October was revised to show no growth from 1.2%.

Ah, looks like we’ve got tons of data coming up this week. Make sure you’re up to date by reading today’s roundup!

Errrrrttt…That was the sound of tightening; if I knew Chinese, I would give you the translation. I guess there’s no need for that, as the markets seem to be translating it just fine this morning.

It’s finally Friday and we’ve seen the majors pretty much go everywhere! With the US retail sales and the euro zone GDP reports coming up, we could be in for another wild ride!

Jack laid out several items yesterday pointing to potential for a double-dip into recession land, for the US and abroad.

Yesterday, a downcast King admitted that the United Kingdom’s economic recovery will take longer and tougher than he hoped. The BOE hinted that they could end up singing “Hello, Goodbye” to economic expansion.

Good day forex peeps! All eyes will be on the euro zone today for the EU Economic Summit. See what else is up on our daily economic roundup!

Five reasons favoring a double-dip…deleveraging, deflation, collateral, China, and protectionism

Brrrr! Looks like it was a very cold winter in Germany as experts predict that its GDP grew by a measly 0.1%. With the prospect of euro zone’s biggest economy freezing, what could this mean for euro zone as a whole?

Most majors cornered the greenback yesterday, forcing it to return its recent gains. The question is: Would these majors be able to keep it up or would the greenback reign supreme once again? Read up on my roundup!

How about a cornucopia of third party commentary today … to get the juices flowing?

Risk aversion has been on a roll lately, causing higher-yielding currencies to bow down to the safe-havens. The culprit? All fingers point to Greece. Here’s an update on the current Greek debt situation.

Now that the Superbowl is done, it’s time to read up on economic data! Luckily for you, I’m here everyday to keep you up to date!

Long-time readers know we are big fans of the boom-bust theory of price action, as first I saw articulated by George Soros back in 1987 in his book, Alchemy of Finance.

All eyes are on Canada this February and not just because the Vancouver Winter Olympics 2010 are about to kick off next week. Last week, finance moguls from the Group of Seven economies met in Ottawa to discuss the state and fate of the global economy.