Bailout Denied! Carry Trades Plummet!
Tuesday September 30, 2008
The bail out bill failed to pass during a vote in the house today. The stock market dropped hard, just short of entering crash type territory. Carry trades dropped viciously ... Read More
Forex Weekly Economic Calendar
Sunday September 28, 2008
Important economic releases for forex traders for the week of Sept 29 – Oct 2, 2008.
Sunday23:50 Japanese Retail Sales
Monday23:30 Japanese Employment
Tuesday1:30 Australian Retail Sales
Wednesday12:30 Canadian GDP
*All Times GMT
Washington Mutual is Dead
Friday September 26, 2008
Washington Mutual was seized by the Feds late Thursday. The assets were acquired by JPMorgan, in yet another firesale that was assisted by the government.
All this while bail out talks ... Read More
Trading in Volatile Markets
Tuesday September 23, 2008
The markets have been very volatile with the global recession and the things happening in the US financial markets. Many traders out there have switched from make money mode, to ... Read More
Prepare for US Rate Hikes
Monday September 22, 2008
There has been a lot of talk by US officials over the past week. They have talked about investment banks going bankrupt, insurance companies being bailed out, they are even ... Read More
The US Bailout Bonanza
Monday September 22, 2008
What would you invest in with 700 Billion US dollars?
Apparently the first thing that comes to mind for the US Government is to buy up a bunch of poorly valued ... Read More
Forex Weekly Economic Calendar
Sunday September 21, 2008
Important economic releases for forex traders for the week of Sept 21 – Sept 26, 2008.
Sunday23:50 Bank of Japan Minutes
Monday12:30 Canadian Retail Sales
Tuesday11:00 Canadian Consumer Price Index
Wednesday14:00 US Existing Home Sales
Thursday12:30 ... Read More
Advanced Trading
Thursday September 18, 2008
Buy low and sell high. In a perfect world, a forex trader would know exactly what a low price is, and what a high one is. In the real world, prices ... Read More
AIG Bailed Out!
Wednesday September 17, 2008
Did any market participants out there not see this coming? After taking an earlier tough stance on the idea of bailing out any more firms, the Fed has decided to give ... Read More
Fed Rate Decision
Tuesday September 16, 2008
The Federal Reserve left rates unchanged at their September meeting. Many market participants in all markets were expecting a rate cut today. In the accompanying statement they basically said, that things ... Read More
The Fed: To Cut or Not to Cut
Tuesday September 16, 2008
Today the Federal Reserve is meeting to decide the fate of interest rates in the US. There is pressure coming from all sides for the Fed to act in some ... Read More
Lehman in Chapter 11
Monday September 15, 2008
Lehman Brothers filed for chapter 11 bankruptcy protection tonight to beat the US markets opening on Monday. Bank of America has agreed to step up and purchase Merrill Lynch.
Asian currency ... Read More
Get Set!
Sunday September 14, 2008
With all of the talking that went on last week about hurricanes in the US and investment bank troubles, one in particular, the upcoming trading week has a bat signal ... Read More
Forex Weekly Economic Calendar
Sunday September 14, 2008
Important economic releases for forex traders for the week of Sept 15 – Sept 19, 2008.
Tuesday1:30 Australian RBA Minutes8:30 UK Consumer Price Index18:15 US FOMC Interest Rate Announcement
Wednesday8:30 UK Bank of ... Read More
RBNZ: New Zealand Suffering From a 'Marked Slowdown'!
Wednesday September 10, 2008
The Reserve Bank of New Zealand shocked the markets with a 50 basis point cut in interest rates!
Allan Bollard said that New Zealand was in a marked slowdown. He also ... Read More
Technical Analysis
Wednesday September 10, 2008
Technical analysis is considered to be “voodoo science” by some traders and it’s considered to be “the truth of truths” by other traders.
Whether you believe that technical analysis is voodoo ... Read More
Fannie and Freddie Bailed out!
Monday September 8, 2008
The forex markets were rocked Sunday when the US Government seized control of the troubled mortgage giants Fannie Mae and Freddie Mac.
Carry trades showed a modest recovery after the ... Read More
Forex Weekly Economic Calendar
Sunday September 7, 2008
Important economic releases for forex traders for the week of Sept 8 – Sept 12, 2008.
Monday8:30 UK PPI
Tuesday12:00 US Pending Home Sales
Wednesday9:30 ECB President Trichet’s speech on Economic and Monetary Affairs21:00 ... Read More
Non Farm Payroll Report
Saturday September 6, 2008
The US Non Farm Payroll Report showed a slightly higher than expected loss of 84,000 jobs for the month of August. 56,000 additional job losses were added to the June and July ... Read More
ECB Rate Decision
Friday September 5, 2008
The European Central Bank left rates unchanged at 4.0 percent at their September meeting.
Trichet noted a few reasons supporting the rate decision:
Inflation risks are on the upside
Commodity prices are ... Read More
Bank of England Rate Decision
Friday September 5, 2008
The Bank of England left rates unchanged at 5 percent during their September meeting.
The pound showed some firming against the majors after suffering significant falls over the past few days. ... Read More
The RBA Cuts Rates!
Thursday September 4, 2008
The Reserve Bank of Australia cut interest rates by 25 basis points bringing interest rates down to 7 percent.
The RBA cited that inflation remained a threat but that they expect ... Read More
The Best Times to Trade
Wednesday September 3, 2008
When starting out as a forex trader it always feels like you have to watch the charts all the time. There is usually this lingering paranoia that if you step away, ... Read More
Forex Economic Calendar
Monday September 1, 2008
Important economic releases for forex traders for the week of Sept 1 – Sept 5, 2008.
Tuesday4:30 Australian Interest Rate Annoucement9:00 European PPI
Wednesday1:30 Australian GDP (Q2)9:00 European Retail Sales12:15 US ADP ... Read More