Posts Tagged ‘ global economy ’

“Logic” Returns to the Forex Markets, Benefiting the Dollar

Many analysts are pointing to Friday, December 4, as the day that logic returned to the forex markets. On that day, the scheduled release of US non-farm payrolls indicated a drop in the unemployment rate and shocked investors. This was noteworthy in and of itself (because it suggests that the recession is already fading), but [ READ MORE ]

Timing is Everything in Forex, Especially in this Environment

I just finished reading a Wall Street Journal piece (Central Banks Rattle Markets), which laid out, in fairly broad terms, how the activities of Central Banks have become the main fodder for forex traders, and how this trend will continue as the global economy looks to move beyond the credit crisis. The piece got me [ READ MORE ]

Forex Trading Tips

Given the growing popularity of the Internet worldwide trading Forex more and more people try their hand at the foreign exchange markets. Strategies used in the new, along with an experienced trader come sometimes differ. Fortunately, all currency traders belong to one of three basic groups. They either technical traders, basic traders or they the [ READ MORE ]

Interview with Edward Hugh: The Dollar’s Demise is Vastly Overstated

Today, we bring you an interview with Edward Hugh, a macro economist, who specializes in growth and productivity theory, demographic processes and their impact on macro performance, and the underlying dynamics of migration flows. Edward is based in Barcelona, and is currently engaged in research into the impact of aging, longevity, fertility and migration on [ READ MORE ]

Brazilian Real Nears Record High Against Dollar

The Brazilian Real has been the world’s best-performing currency against the Dollar in the year-to-date, having risen 32% through the beginning of October. At this point, a mere 8% rise would send it crashing through the high that it touched last summer, prior to the collapse of Lehman Brothers. The currency has now firmly returned to [ READ MORE ]

RBA First to Hike

In a surprise to the currency market the RBA decided to raise its overnight cash rate by 25 basis points from 3.00% to 3.25% becoming the first G-20 central bank to tighten monetary policy since the start of global economic recession. In its statement the RBA noted, “The global economy is resuming growth. [ READ MORE ]

Will Verbal Intervention Lift the Dollar?

Over the past 24 hours a series of officials in both Europe and Japan voiced their support for the dollar helping to lift the currency off it recent lows. The jawboning started in yesterday in Europe when ECB President Jean Claude Trichet stated unambiguously that a strong dollar is “extremely important” for the world [ READ MORE ]

Asia (China) Continues to Build Reserves, but Forex Diversification Slows

After a brief pause, the world’s Central Banks (or at least those in Asia) have begun to once again accumulate foreign exchange reserves. I’m not one for hyperbole, but the figures are downright eye-popping: “Reserves held by 11 key Asian central banks totaled $2.625 trillion at the end of August, up from $2.569 trillion at [ READ MORE ]

RBA Leaves Rates Unchanged But Offers No Timetable For a Hike

As expected the Reserve Bank of Australia has left rates unchanged at 3.00% noting that the present accommodative setting of monetary policy remains appropriate for the time being. The bank issued a generally upbeat assessment of the Australian and global economy but refrained from suggesting any possible timetable for a rate hike. [ READ MORE ]

GDP Revision Doesn’t Happen — EUR/USD Gains

EUR/USD reacted with a small drop immediately after the GDP release today but then retraced and is now trading with a considerable daily gain. The Q2 2009 GDP change value was expected to be negatively revised today but since the revision didn’t happen, traders react on a positive signal for the U.S. (and global) economy. EUR/USD is currently trading near 1.4269. U.S. real GDP decreased at an annual rate of 1.0% [ READ MORE ]

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