There are new companies launched every day in the forex world. Well nigh on half of them are selling products that involve getting rich quick by trading news. Trouble is, few execution services are good enough for people to consistently make money trading news. This is the case even in the world […]
China dominates headlines when it comes to foreign exchange reserves and global trade imbalances. Every day a new article is posted on one of the major financial news outlets decrying China’s continuing buildup of foreign reserves, and their increasingly large trade surplus with the US. When their reserves moved past the $1 trillion […]
Oil is big news, and these days movements in the US Dollar–known euphemistically as the greenback–are as well. It’s rare, however, that the dollar is at risk of being affected by a meeting of the Organization of the Petroleum Exporting Countries (OPEC). That may change next week.
OPEC has been in the news of […]
According to the National Association of Realtors (NAR) housing in the United States may be becoming more affordable in 2007, but not by much. In 2004, the Housing Affordability Index was 134, then 122 in 2005, and has fell all the way to 103 for the part two quarters of 2006. The NAR […]
Reuters has posted a fairly exhaustive sampling of key currency analysts’ viewpoints on how global warming will affect the FX markets. They single out the CAD as a major beneficiary given the fact that Canada may in future provide fresh water for many major western countries and be as important in that market as Saudi […]
Remember all that talk not too long ago about the United States inverted yield curve? We don’t hear it a lot anymore as the NASDAQ hits a six year high today. You also probably didn’t hear much about this, the yield curve is the Eurozone is now inverted. As stated in the Financial Times:
Analysts say […]
Posted in Forex, Economics, Markets on November 9th, 2006 No Comments »
We all know about online gambling being banned not long ago shutting huge huge poker, sports betting, and other casino sites. What some don’t realize is how great gambling really is for society. The ‘big board’ is the biggest casino on the planet. With futures you can bet not just on crops and how much […]
For newbie forex traders, a mere mention of the term Non-Farm Payrolls (NFPs) brings delusions of grandeur. Fifty points or pips made in 50 seconds, that kind of thing. For stock traders, NFPs stand for fear perhaps more than anything else, as huge market swings can occur before the market open. This leaves most equities […]
Traders are often overly sensitive to words springing from the mouths of politicians and government economists. This is no different for those tracking the New Zealand (or “kiwi”) Dollar, where last month Finance Minister Cullen talked down the country’s currency and caused a 150-pip drop. Those buying up kiwi-denominated assets for their attractive yields were […]
The World Gold Council regularly publishes stats on which central banks around the world are owners of gold (you have to register to view the doc, but it’s free). The long and the short of it is that Europeans and the US are far and away the largest owners of the metal overall. A more […]