Market News

Price action was a bit slow yesterday as traders seem to be revving up for something big. Read up on the economic reports that could kick the price action into high gear today!

As I said, I don’t often watch TV. I know many do and seem to find it helpful. For me, it creates confusion. Watching the market each day is enough confusion for me.

“Wake me upppppp, when September ends…” cried higher yielding currencies, as they sold off against the USD and JPY on the first day of the month. With more high impact reports on the way, where will the action take us?

In our analysis of currencies we’re constantly reevaluating the growth and interest rate differentials between countries. The reason is simple: better growth and higher interest rates make investing in one currency, relative to another, more appealing.

If you’re still wondering why the JPY suddenly surged yesterday, you probably won’t find the answer from the recent set of economic data from the major economies. Rather, the market felt the impact of some hard-hitting events from the Far East.

Wow, today’s economic calendar looks heavy. Make sure you don’t get caught with your pants down by reading today’s economic roundup!

Chinese stocks got whacked overnight, down 6.7%. Will it matter? If the story about China finally increasing domestic demand proves true, evidenced by increasing exports from the Asian countries into China, it could likely blunt any negative impact of falling stocks in Shanghai.

Several high profile economic events are due this week in the major nations. Prepare for increased volatility. Buckle up!

Somebody flipped the switch at 10:00 EST a.m. yesterday, as oil surged and the buck sank sharply

TGIF! Would we see another day of wild price movements based on today’s schedule of economic events? Check out our daily economic roundup!

“We saved the world from disaster,” Ben Bernanke said. Pretty strong words and from the looks of it, it seems that the Fed’s stimulus packages indeed worked now that the economy is on its way to recovery…

Here we are … always ripping on China for their notorious stimulus package that is the reason behind their economic good of the last four or five months, always lambasting the analysts who keep touting China’s recovery thanks to stimulus and lending.

With concerns over whether Chinese growth is sustainable, we saw the USD rally during the US session yesterday. We’ve got some high impact reports on deck today – what is in store for us today?

If China is the spark for global demand, why are Japanese exports to China still in the proverbial toilet? If Europe is on the road to recovery, why have Japan exports to the continent been crushed?

It looks like things are starting to heat up as major currency pairs are trying to determine their respective directions. The high-yielders attempted to rally early in Europe but were completely stopped out by the USD during the overnight session.

Last week, I wrote about how Uncle Sam’s economic stimulus seems to be working as the US advanced GDP came out better than expected. Could this Thursday’s release of the revised GDP be in line with the recent good data?

Yesterday the European currencies struggled while the commodity dollars firmed up … that is until US stocks began rolling over late in the session to ultimately finish the day flat. The dollar strengthened.

Everything was pretty much range bound yesterday because of a relatively light economic calendar. Today will be different, though, with a bunch of reports due all over. Find out what’s up!

Higher-yielding currencies made a beeline for the finish last week. Do they still have enough energy to continue their rallies for another week? Find out on today’s economic roundup!

Am I seeing things…? Are things actually… improving? Could it be that Uncle Sam’s (in)famous economic stimulus package is… working? Are the government’s hefty tax cuts and massive house price markdowns finally starting to work their magic?