Market News

Though one non-farm payroll report doesn’t make a trend, especially given the number of job seekers leaving the scene entirely, many are declaring the recession is officially over thanks to Friday’s report.

What a riot Friday was! It seems traders are growing weary of this risk appetite market theme as they took the USD higher across the boards despite better than expected results on the non-farm employment payroll report.

Honestly, I’m getting tired of these monthly jobs reports out of the US. Sure, it’s good to know the minute-by-minute direction we’re traveling … but the onslaught of investor analysis and market volatility after the fact is enough to make me want to turn off the screens by 8:45 a.m. eastern.

Most of the currency pairs are back in consolidation mode for the most part of this week. This trend or non-trend can end today with the release of the most awaited NFP report in the US today.

You know that feeling when the weather is nice and you just want to go out and enjoy it… only to hear news of a potential storm brewing? That’s how it’s like in the currency market when the Non-Farm Payrolls report comes along every month…

The trend is your friend. Price is the final arbiter. Market prices are reality. If you fail to respect the information contained in those last three short sentences you usually end up trying to find a source of funds to start another trading account.

Ooh, the tension! The score is tied in the buyers vs. sellers game yesterday. Any economic reports that could bring an upside advantage? Find out on today’s economic roundup!

Ladies and gentlemen, let me welcome you to the event you’ve been waiting for your whole life (or at the very least, 9 months) – the prospect of economic recovery! In pole position, the Reserve Bank of Australia…

Since topping out on Monday the euro has been tracking sideways. The likely story is that many traders are awaiting a hint from the ADP Payrolls report due out today …

With not much high impact news released yesterday, we saw a lot of ranging from currency pairs. Will good releases from the heavy load of economic reports coming out today help spur the recent run of risk tolerance?

In Richard Bookstaber’s A Demon of Our Own Design he starts things off with a brief analysis on economic and financial market risk.

Risk appetite was in full bloom yesterday, pushing the high-yielders to new yearly highs! With economic data supporting the notion of “economic recovery,” the rally seems unstoppable. Still,this is the FX market and no one knows for certain what will happen next!

It’s usually the case that when we get it right in the markets we surmise its brains, and when we get it wrong its bad luck. In trading, getting it right is what matters, no matter if it’s for the wrong reason–which when you think about it is lucky.

Higher yielding currencies like the EUR, GBP, and AUD ended last week with a bash. Will risk appetite continue to push them higher?

Apparently, any speculation that the pace of recession was easing was not enough. My buddy, Reserve Bank of New Zealand Governor Alan Bollard, and his crew decided not to

It’s a sad week for the usual demagogues in the US congress (sorry for the redundancy), as global oil companies are reporting lousy earnings.

Things are heating up as traders anticipate economic releases that pose event risks for today. See what’s in store at the daily economic roundup!

Is the recession staying or going? Recent sentiment shows that many traders and investors feel the recession is on the way out. Is this so? Well, the US GDP report being released later this week could give us a better idea…

This week in Currency Currents we’ve discussed some details surrounding China and their ultimate influence on the global economy and investor sentiment. For good reason, everyone seems to pay close attention to China – they’re an economic leader.

Fueled by the crash in the Chinese stock market, investors sought the refuge of the world’s reserve currency yesterday. It seems that the USD is starting to pick itself up from its recent demise.