Another week has come and gone, there was a lot of pessimism in the news this week.
August 27, 2010
Another week has come and gone, and the news had plenty of financial stories to look at, even if the number of major reports released was on the relatively low side. Home sales plunged to their lowest numbers in 15 years in the United States, and several companies released less than cheery profit reports. However this is not completely across the board, as there were several companies who reported larger than expected earnings as well. However, news seems to be trending more and more pessimistic as many workers are facing record lengths of time without being able to find a new job and many businesses who are hiring are finding a shortage of the types of skilled workers they need to fill those jobs. There is a growing fear of a “double dip” recession that is going to be too large for any single market to drag the economy out of. There seems to be growing concern and pessimism, with the focus being on unemployment numbers. These have to drop for any long term recovery to take place. While it was a quiet week insofar as there weren’t many reports released, there was a lot of important information in those reports, so without any further delay here is this week’s installment of the week in review.
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This has been another busy week when it comes to the major economic reports, and the biggest overall theme is concern with serious slowing down in growth
August 20, 2010
Another week has come and gone, and there were many economic reports of interest for traders this week. Not only were there some major reports from the normal sources, but there was also plenty of financial topics and stories in the news that were worth noted beyond the normal economic reports. A lot of pessimism is returning as there were several reports from the United States indicating worry that the economy might not bounce back. While China has moved up to the second largest economy in the world, the U.S. is still struggling as jobless rates dropped in 18 states, but also rose in another 14. Stocks have been falling as nervous investors sell off. Oil dropped below $75 a barrel based on those same economic concerns, and maybe most disturbing are the reports from Fidelity on the massive number of 401(k) hardship withdrawals and emergency loans being borrowed from retirement accounts and savings just to get by. While we’re a long way from the crashing days of 2008, at this point it’s hard to deny that a massive slow down isn’t taking place. With so much in the news, there’s no reason to dwell on only one set of reports, so without any further ado, here is this week’s version of the week in review.
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The movement of the JPY versus the USD this week shows why you can never be complacent while trading the Forex markets.
August 13, 2010
Another week has come and gone, and this one definitely brought some exciting news with it, including some major movements between some of the major currency pairs. The USD/JPY took the cake, as the Dollar fell to a 15 year low against the Yen on Wednesday, as the majority of economic reports seemed to indicate a massive slow down in the economic recovery and reignited fears of stagnation and a double dip recession. Many companies have been forced to downgrade their earnings outlook as spending slows, and the stock markets in the United States all fell on the news. There are many major economic reports that helped to cause these movements, so without any further review let’s jump into the hard data with this week’s installment of the week in review.
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This was an extremely busy week, and the movement of the market has definitely reflected that.
August 6, 2010
Well another week has come and gone, and this one was busy! The Forex market never sleeps, and while an experienced currency trader is going to be used to a lot of movement, weeks like this with so many major economic reports can really set the market in a roller coaster state of mind. Stocks in the U.S. market had been doing well, but did not like the job reports that were released on Friday. Likewise, around the world some businesses in the financial sector like the Royal Bank of Scotland are showing excellent quarters, while others like AIG continue to write off massive losses during the long and painful restructuring process. This is also a week where the news is affecting some financial markets in ways you might not expect. Food commodity markets could definitely have a ripple effect as the massive wildfires in Russia have the nation contemplating a ban on grain exports, to ensure food for its own citizens.
No matter what currencies or markets you’re following, there are a ton of major economic reports this week that are going to be worth paying close attention to.
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This was a very busy week for the major currencies, and there were some very surprising reports out there that definitely affected some currency pairs.
July 30, 2010
The pace picked up a little bit this week and there were many important economic reports of note that Forex traders will want to be aware of. There was plenty of important economic news in the mainstream this week, as well. The economic recovery that the United States has been enjoying seems to be slowing dramatically, which has some economists worried. The overall economy is projected to continue growing, but at a much slower rate than before as consumers are saving more, and the high level of unemployment is also cutting down the number of consumers who can buy.
Many companies are showing healthy profits, including the once beleaguered automobile industry. Ford leads the way when it comes to dramatic turnarounds, but many other companies are also doing well. Profits are up at many companies, but until those some companies actually start hiring again, it’s going to be hard to sustain a long term recovery with solid growth.
But there are many important economic reports to get to this week, so instead of spending any more time on the general news, let’s jump right in to this week’s installment of the week in review.
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Overall it was a very quiet week, although it can end with a huge bang depending on how the bank stress tests come out in Europe
July 23, 2010
Another week has passed, and for many nations this one was one of those rare quiet times when traders actually had some time to take a breath. That could all change pending the results of the European Union’s publishing of bank stress test results on Friday evening, but overall this has been a fairly quiet week in regards to releasing large economic reports that impact the Forex market. In corporate news, Ford is bouncing back nicely in the U.S. and showing profits again, and the government is selling off more of its shares of Citigroup stock. Unemployment is still a major concern, but other than a few good earnings reports it has been relatively quiet this week, so instead of stretching it out let’s just jump into this week’s installment of the week in review.
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A good Forex trader knows that keeping track of the fundamental reports is a critical part of long term success trading currencies.
July 16, 2010
There was a lot in the news this week. Perhaps one of the biggest stories, both economically and in general, was the news that the oil spill in the Gulf of Mexico was finally successfully capped by BP. Their stock soared after the news of the success of the most recent cap attempt. The bank reform and regulation bill also passed Congress, marking a lot of new legislation in the United States regarding how fees and penalties can be imposed on individual accounts. But this week there were a lot of major economic reports, and some of the countries were very busy releasing key information this week. So instead of dilly-dallying around, let’s jump right into the major economic reports impacting the Forex market in this week’s installation of the week in review.
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While a few countries didn’t have any major economic reports, it was a very busy week for many of the other major economies.
July 9, 2010
Another week has passed by, and while the FIFA World Cup is winding down to one final championship match, the Forex markets continue to move in full fluidity. There’s been a lot in the news as far as corporate happenings. Google’s stock went up as reports were released of a license agreement being hammered out for China’s market, while the EU is releasing a bank stress test report in an effort to calm worries about debt and the overall stability of the banking system. Toyota is struggling to overcome a lot of bad press after repeated break problems with their new cars, and the Anadarko Company is fighting with BP over who should foot the bill for cleaning up the oil spill in the Gulf of Mexico, which still isn’t contained. There were a few major countries with no major economic reports this week, including the United States, so instead of waiting around more let’s jump right into this week’s installment of the week in review: starting for the first time in Canada.
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Another week has come and gone, and the economic reports keep pouring in.
July 2, 2010
As far as major economic reports go, this was a fairly quiet week overall when looking at the number of reports released. However, many of these reports were among the most important a nation can release, and the European Union was busy enough to make up for just about everyone else. Perhaps the biggest news doesn’t show up in any reports, and that is the G20 Summit that was held last weekend in Toronto, Canada. While a lot of news focus went to this meeting, there did not seem to be any breakthrough agreements among government leaders on how to encourage the continued economic stability of the world wide economic recovery.
Most of the other world news was still focused on the World Cup and FIFA, but let’s move onto the foreign match ups and the world news that gets Forex traders excited and jump into this installment of the week in review.
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While there were some major reports released this week, this was one of the quieter weeks we’ve had in some time.
June 25, 2010
This has been another busy week on the economic front, although some areas were pretty quiet. The Forex markets continue to move, but before diving into the normal important economic reports, it is important to take a look at some of the news stories that are affecting the various markets. After yet another gaffe has caused more worker deaths and the oil spill in the Gulf of Mexico from the BP mess is going unchecked once again. The stock value of BP plummeted in London, and there is huge concern about if the spill could permanently destroy the shrimping and fishing industries in the Gulf.
Stocks in the U.S. were lower overall, but financials are climbing higher on the banking regulations and overhaul taking place. Perhaps largest in the news is the concern over China’s currency and the upcoming G20 conference that is going to be held in Canada this week - a nation whose economy many other nations want to mimic considering how much less they were hit by the economic downturn and how quickly they’ve hit stride in recovery.
The discussions and any news that come from the G20 could potentially have a huge impact on all the markets.
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