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Pound Rallies Across The Board After Strong Growth Figures
October 27, 2010The Pound rallied across the board yesterday after the preliminary 3rd quarter GDP figures showed the UK economy grew twice as much as initial forecasts. Sterling came under heavy selling pressure on Monday falling to a near 7 month low versus the Euro on speculation that the 3rd quarter GDP estimate would produce a weak [...]
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Yuan Appreciation Likely to Come Slowly
September 22, 2010How soon will China become the #1 economy in the world? According to a Bloomberg global poll, there is wide belief that China will become the world’s foremost economy within two decades. The poll also indicates that many believe that yuan appreciation against the U.S. dollar will be slow. This is not terribly surprising, considering [...]
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US futures edge down, tracking Europe
August 16, 2010FXstreet.com (Barcelona) – US future index charts are headed lower on Monday, after S&P 500, FTSE, DAX and DJIA all making key reversals last week, as they met significant upside resistance. The retreat posed extra pressure to the charts for this unfolding week, as both Asia and Europe suffered further losses ahead of the US [...]
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Wall Street ends lower on weak economic data
July 28, 2010FXstreet.com (Barcelona) – Fears of a double-dip recession once again play on market sentiment today after durable goods dropped and the Fed’
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Euro Eyes the 1.30 Level Against the U.S. Dollar
July 16, 2010Euro in forex trading The euro is looking to break through the 1.30 level in forex trading against the U.S. dollar. The euro is regaining much of its strength as optimism about the economy, coupled with concern about U.S. fundamentals, provides some interest in the euro. Indeed, even the news that the trade deficit in [...]
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Fed Appears More Dovish on the Economy
June 24, 2010U.S. dollar finds some strength in forex trading on risk aversion Yesterday, the Fed issued its policy statement about the economy. Just a couple of months ago, the statement appeared almost optimistic, with the belief that the economy is more supportive of growth. However, things have changed in the last little while. With European debt [...]
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Euro implodes as economic concerns intensify
May 6, 2010As leading European economies are being singled out one by one by Moody’
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Currency expert Boris Schlossberg says hung parliament a “formula for disaster”
March 2, 2010Top currency expert Boris Schlossberg has said that a hung parliament would be a ‘
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British Economy May Require More Quantitative Easing
February 25, 2010Sterling continues to tank against the dollar in forex trading The British economy may require more quantitative easing, according to some policymakers. While it is far from a foregone conclusion, the Bank of England is leaving the door open to further stimulus measures, according to member Posen. GFT’s Kathy Lien reports in FX360 on the [...]
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Britain Struggles with Employment
February 17, 2010Sterling falls in forex trading Today, employment data was released in Britain, showing continued deterioration in the situation. The sterling is falling in forex trading as a result, and concerns continue that Britain will be very slow to recovery from the global financial crisis. GFT’s Boris Schlossberg reports in FX360 on the labor conditions in [...]
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Australian Dollar Gets Boost in Forex Trading from Risk Trade
February 11, 2010Currency trading with the Aussie The Australian dollar is getting a boost in forex trading as the risk trade is on — for some currencies. In currency trading, the Aussie is getting a little help from the fact that Chinese bank lending grew more than expected in January, and that is calming some fears that [...]
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Is the Jobs Situation Really Looking Better?
January 29, 2010Looking at U.S. dollar support in currency trading Economic data is very important to forex trading, since it provides insight into how much support a currency has. One country’s economy, in relation to another’s, can affect how those relative currencies interact on the FX market. And one economic indicator is the jobs market. The labor [...]
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Is the Fed Hurting the Dollar in the Long-Term?
February 10, 2009In recent memory, the stakes have never been so high, and the global economy has never been so imbalanced. Accordingly, the Fed and the Treasury must be careful that in treating the economic crisis, they don’t inadvertently damage the very foundation of the US economy.
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Raise Your Standards and Your Profits
November 26, 2008Whether you run an ebusiness or a small coffee shop, chances are you have felt the sting of our staggering economy. If your are still fortunate enough to have kept generating revenue, there are still some things you can do to get an even bigger share of the market.