US stocks mixed as global worries weigh
US stocks are mixed on global worries ahead of the unofficial start of first quarter earnings season.
Japanese yen: short yen 'carry trade thesis' not valid
The short yen thesis based on the resurgence of the G10 carry trade is not valid, according to Adam Cole of RBC Capital Markets.
Canadian Dollar Forecast: CAD to rise further on natural resources demand
The intense global interest in Canada's resource sector will drive the Canadian dollar even higher.
Donald Trump Defends His ‘Birther’ Position
Donald Trump is defending his ‘birther’ position from criticisms of New York Times op-ed columnist Gail Collins.
Forex Trading: The Carry Trade is Back
The carry trade is back and it’s the main theme in the forex market.
US Dollar eyes 2009 low, is America concerned?
The US dollar has fallen precipitously in 2011. The Dollar Index – which tracks the dollar’s value against a basket of currencies that includes the euro, yen, pound, Canadian dollar, Swedish krona, and Swiss franc – has fallen to 75.07.
Speculators short Japanese yen, turn more bullish on pound sterling: COT report
Speculators in the forex market are now short the Japanese yen as of April 5, according to the weekly COT report. Another notable swing is in the pound sterling; longs jumped to 32,414 contracts from just 743 in the prior week.
Egypt Protest Friday: Military Police Kills 2, Injures Many
Around 3 a.m. on Saturday morning, the army police force moved in Tahrir Square to disperse protesters. Two were killed and over a dozen were injured in the incident.
IBTimes Daily Edition: Friday April 8, 2011
IBTimes Daily Edition: Friday April 8, 2011
The Power of Asian Central Banks on the US Dollar
Asian Central banks are active players in the forex market in that they often intervene to weaken their currencies.
Federal Budget Shutdown: Do They Still Not Have an Answer?
The federal budget shutdown may actually happen for the first time since 1996.
Why do retail forex traders lose money?
Why do 70 percent of retail traders lose money? Jamie Saettele of DailyFX thinks he has a part of the answer.
Why no Yen repatriation rally?
After Japan’s devastating earthquake, the repatriation of foreign financial assets hasn't happened yet – but it will, said Michael Woolfolk of BNY Mellon.
IBTimes Daily Edition: Thursday April 7, 2011
IBTimes Daily Edition: Thursday April 7, 2011
Awesome chart from DBS on EUR/USD movement
DBS Research Group just released an event chart that explains the movement of EUR/USD. The chart, seen right, goes back to April 2010.
Japan earthquake April 7: injuries, blackout reported, but power plant fine
A 7.1-magnitude earthquake hit Japan at 11:32 p.m. local time on Thursday in the same area as the initial March 11 9.0-magnitude earthquake. It was the largest aftershock to date.
Donald Trump: America is in serious, serious trouble
America “is in serious, serious trouble,” said 2012 presidential hopeful Donald Trump.
Why did the ECB raise interest rates?
Today, after the ECB followed through and raised interest rates, Trichet explained the decision.
ECB raises rate to 1.25 percent, bolsters its credibility
The European Central Bank (ECB) has raised interest rates to 1.25 percent from 1.00 percent.
Pay attention to Switzerland’s inflation spike
Swiss inflation in March spiked to 0.6 percent month-to-month and 1 percent year-on-year, higher than the expected 0.5 percent and a reading of 0.5 percent in February.
Soros-backed group says Beck departure overdue, still blasts Fox
Media Matters for America – a media watchdog group that received generous donations from left-leaning billionaire George Soros – applauded Glennn Beck’s departure from Fox network.
Portugal Bailout is Coming
Portugal will need a bailout, said outgoing Finance Minister Fernando Teixeira dos Santos to Jornal de Negocios, a Portuguese business publication.
Donald Trump: Making America Respected Again
Donald Trump is the most sensational candidate to informally announce his candidacy for the 2012 presidential election.
Budget Shutdown dominates Dollar, Treasuries
The performance of the US dollar and US Treasuries over the next several days will likely depend on the looming government shutdown.
DailyFX’s 2011 predictions 3/8 so far, highlights difficulty of forecasting
So far, in the first quarter of 2011, DailyFX's forecasts for the year of 2011 have been very wrong.
Who is Brian Deschane, the infamous staffer of Gov. Scott Walker?
Wisconsin Governor Scott Walker – who is famously at a political war with his state's public employees over the latter's paychecks – received a firestorm of criticism over staffer Brian Deschane.
US stocks finish mixed after poor ISM report
US stocks finished mixed on Tuesday on a worse-than-expected ISM Services PMI report.
What moves the forex market?
The forex market is dominated by financial/speculative transactions rather than commercial transactions. Of financial transactions, it’s dominated by trades in currencies themselves rather than portfolio flows.
FOMC Meeting Minutes: Reduction of QE2 Size Discussed
Members of the Federal Open Market Committee (FOMC) discussed the possibility of reducing the $600-billion size of the second round of quantitative easing (QE2).
FOMC Meeting Minutes March 2011
FOMC Meeting Minutes March 2011