The markets are now closed after a very exciting week that saw Bernanke hammer the dollar with QE2 Lite. Before another week, that consists of Non-Farm Payrolls and three rate decisions begins, its to sit back and enjoy some long term forex related articles.
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Monthly Archives: April 2011
EU investigates banks over credit default swaps use
Yahoo! UK and Ireland EU hits banks with credit default swap probe 24 hrs ago Bangkok Post* EU probes investment banks 24 hrs ago Full Forex News
US Data Preview: ISM Mfg Projected To Fall Off Six-year Highs
The Institute for Supply Management’s survey of manufacturing activity is expected to fall slightly off its highest levels in six years when the latest figures are released Monday, but economists expect the manufacturing sector to continue its brisk expansion over the next few months. The April ISM purchasing managers index is forecast to drop...
April Discusses Mortgage Applications in the US
VIDEO Full Forex News
Forex Weekly Outlook May 2-6
US employment data and Australian, British and European rate decisions are the main events this week. Here is an outlook for this weeks market-movers. Will the blow that the dollar got from Ben Bernanke continue to push the dollar lower? Or will it consolidate as the market is calmer after the news? Economists believe...
Weak dollar gives British tourists reason to smile
The pound hit a 17-month high of $1.67 on Thursday while dropping to its lowest against the euro since March 2010, after the US Federal Reserve reaffirmed its commitment to keep interest rates close to 0pc in order to stimulate growth. This has encouraged investors to buy higher-yielding assets such as the euro, sending...
Donald Trump Drops F-Bombs Left And Right During Speech, And The Crowd Goes Crazy For It
Donald Trump gave a speech yesterday in Las Vegas to a GOP women’s group. The clip is remarkable for two reasons: First, it’s Donald Trump saying things like "We can’t get an f#$ng school built in Brooklyn." Second, the crowd eats it up.
Emerging Market Currency Correlations Break Down
A picture is truly worth a thousand words. Take a look at the chart below, which shows a handful of emerging market (EM) currencies, all paired against the US dollar....
Overall Forex Activity Grows, Forex Factory Continues Leading
The interest in forex trading has grown during March, partly due to the horrific tragedy in Japan. Forex Factory continues to lead, with the highest traffic. Heres some data of what forex stats look like. Arnaud Jeulin, owner of Mataf, has released his monthly summary of forex global statistics.Note that Jeulin bases his data...