Jul 31, 2008 / 4:00pm / in Americas, Economics, General, News Releases, United States Dollar, Forex News
Tomorrow is the one for all the marbles. The single most important economic announcement for the USD takes place tomorrow: Non-Farm Payrolls (NFPs). Despite today’s very important announcement of US GDP for Q2, the EUR/USD essentially stood pat around 1.56. What is special about NFPs is that, unlike announcements such as rate decisions or GDP results, predicting the outcome is often like finding a needle in a haystack. The unpredictability of this announcement, coupled with its importance, generally make it the largest “market-moving” announcement for the USD.
Jul 28, 2008 / 4:30pm / in Asia, Economics, General, Forex News
One of the popular predictions of the past few years has been to declare China as the next world superpower. The most populated country in the world has experienced tremendous growth for some time, and given their size, growth, and stability, many view China as the United States’ next competitor for worldwide dominance. While I am not speculating as to China’s social or political future, I strongly believe that their growth-oriented policies will eventually — and inevitably — bring about economic consequences.
Jul 23, 2008 / 4:37pm / in Economics, General, Oil, Patterns, United States Dollar, Forex News
With mixed news coming out of the world’s remaining superpower in recent weeks, the recent US dollar rally induced widespread befuddlement. With Europe suddenly looking economically worse-off than America, it is easy to understand why the USD has rallied against the EUR. However, the USD has rallied against many of the major currencies, including the JPY and the CHF. In other words, it is not only bad news coming out of the Euro-Zone that is fueling this USD rally. So, the important question is what exactly is causing this rally?
Jul 21, 2008 / 3:20pm / in Asia, Eastern Europe, Economics, General, Middle East, South Pacific, Forex News
Many in recent years have pointed to a “global market” that has emerged in the past few decades. While this term is typically a reference to increased global trade and international economic cooperation, the expression is also becoming applicable to the status of the world’s economy. After several years of widespread economic boon, it is becoming clear that the status has shifted. This has occurred not solely in economic powerhouses such as the U.S., the Euro-Zone, and Great Britain, but in many of the emerging markets throughout the world.
Jul 14, 2008 / 4:17pm / in Americas, Economics, General, Forex News
Many people involved with the market are adamantly opposed to any actions justified by the term “too big to let fail.” In capitalism, a company should be able to experience without interference both the profits and the losses that come with business. In theory, if a company has placed itself in a position where there is a possibility of failure, so be it; the company will have to deal with the consequences of their mistakes. The notion that the government — posing as a white knight — will ride in and rescue the company from danger is a thought that repulses many market followers.
Jul 10, 2008 / 1:26pm / in Economics, Forex Trading, General, Money, Forex News
Take your emotions out of the picture, that’s what they say. While some investors are able to treat securities in an indifferent manner, few are able to ignore the feelings of greed or fear that come with profits and losses. For people involved in financial markets, finding ways to trade without emotion is one of the toughest and most important tasks that an investor will attempt.
Jul 9, 2008 / 4:15pm / in Economics, General, Money, Oil, Forex News
Today we have the last part in the three-part series focusing on oil. Again, we hope that you have enjoyed our debate, and look forward to possibly having more debate-style discussions in the future.
Question #5: How will the current energy situation impact America’s relationship with oil?
Jul 7, 2008 / 4:17pm / in Economics, General, Money, Oil, Forex News
Today is the second part of the series regarding oil. We hope you enjoy our debate, and again, if there are any questions that you would like to see debated relating to oil, please post a comment for us.
Question #3: Can oil prices lead to stagflation? Will they?
Jul 3, 2008 / 2:56pm / in Economics, General, Oil, Forex News
One of the major sources behind the world’s current economic woes is soaring oil costs. While we have discussed this problem in recent weeks tangentially, my colleague John and I have agreed to more deeply explore this issue. John has graciously agreed to join me in debating several oil-related questions for the next few days. We hope you enjoy our discussions, and should you have any questions that you would like us to discuss, please do not hesitate to post a comment.
Question #1: When will oil hit $150/barrel? $200/barrel? $400/barrel?
Jul 2, 2008 / 9:01am / in Economics, General, News Releases, Oil, Forex News
In the past 15 years, the automobile industry has witnessed monumental shifts, such as the boom in the popularity of the SUV, a Japanese company becoming the world’s largest automaker, and the rise of the hybrid. However, one thing in common between June of 1993 and June of 2008 in the world of automobiles is that roughly the same amount of cars were sold. Today it was announced that US auto sales reached a 15-year low, and I think that it is a fitting reflection of the larger economic situation.