Market News

Ooooh… Lot’s of high impact reports coming out today – my forex senses are tingling! See what’s happening later today!

Mervyn King delivered a speech yesterday on banking reform, and the market seemed to like it–as the pound has surged

The dollar managed to gain against most major currencies as risk aversion from poor US data hit the markets yesterday. Is this simply a chance for investors to buy the dips?

So I heard the DJIA made it above the 10,000 mark and reached a fresh yearly high but what does that mean for us forex traders? Isn’t that the kind of stuff that only stock traders go crazy over? Read on and you’ll be surprised to learn how the earnings reports could move the currency market as well.

Let me just run through some timely market developments and when I’m finished I want you to tell me how you perceive the markets; though it’s rather obvious how the consensus is feeling …

The capitals markets started the week on a good note in anticipation of some encouraging earnings reports from the likes of Apple and Texas Instruments. Will the markets be able to follow through on this? Check out our daily economic roundup!

It’s starting to remind me of queue of people trying to squeeze past one another, pushing toward the window to buy those last few concert tickets on sale. But in the $’s case, they ain’t pushing up to the window to buy.

It looks like traders shifted to profit-taking mode last Friday, forcing most currency pairs to take a break from their recent rallies. Let’s see how the currencies would fare this October 19, the anniversary of the infamous Black Monday.

Richard Berner is an economist from Morgan Stanley–I think he is very good. He made these comments in a research note recently regarding the US dollar [our emphasis]

Safe havens took another hit in yesterday’s trading session, as risk trades are still dominating the markets! With it being a Friday, could we see some profit taking in play?

Pent-up demand and sellers running for cover explains the move by the British pound today. Granted, it was comments from a Bank of England official who sparked the move.

The dollar took another major hit from major currencies yesterday as commodity prices rose and company earnings came out better-than-expected. Is risk appetite here to stay?

Stocks, and currencies to a degree, meandered all day yesterday in wait of Intel to report earnings after the bell. The chip boys didn’t disappoint.

After a relatively quiet session yesterday, currency prices may bust out today given the top tier economic and earnings reports in the US. See what’s up on our daily economic roundup!

Yesterday, Mexican industrial production slid by 7.3% year-over-year in August, worse than the expected 6.2% decline and the previous drop of 6.5%.

Earlier today, my friend Big Pippin stopped by and asked me, “Yo, what’s the hizzy on the yen bro? Lately, I’ve noticed that the yen has been on a roll! What’s cookin’!?”

Dollar bears prowled the markets yesterday while traders from the US and Canada were on a holiday. As these traders return from their long weekend, they’re welcomed by the usual crowd of economic reports. Make sure you read up!

Economics is a wonderfully confusing field of study. The debate on the US dollar proves once again the words economics and science should never be used in the same sentence.

Looks like the dollar was able to put up a fight against other majors on Friday. Wondering what news could bring the rise or the demise of the dollar this week? Check it out in today’s roundup!

A lot of people believe the stock market peaked around October 2007. In the proverbial nominal terms, that is true. But if we consider the two major classes of assets: real stuff (which is real tangible value best depicted by gold)