The Forex Market Continues Its Constant Liquid Movement As Always.
March 5, 2010
Well it has been another busy week in the economic markets, and there is a lot news and a lot of reports to sift through. The Winter Olympics are officially over, and after a good set of games it’s time to buck back down and really dive into the reports. Outside of the normal economic reports that affect the Forex, there were several news stories worth paying attention to in regards to the economy.
The Dow erased its 2010 loss this week, finally going into the positive for the year on Thursday, and trending up even further after the employment report beat expectations. Retail reports throughout the week in the States also are increasing optimism that the economy is slowly regaining strength.
The major banks in the U.S. are still making news, as Bank of America warrants were sold by the Treasury department for $1.54 billion, a record for that type of sale. Citi’s CEO has released public statements insisting that the bank has transformed since the banking crisis.
Overseas the EU is still negotiating with the nation of Greece to try and figure out the right plan for helping the nation pull out of a debt crisis. A key bond plan has passed, giving a lot of confidence that a viable plan will be able to be worked out.
Natural gas tumbled 4% as oil prices rose, and beleaguered car company Toyota continues to struggle as there were nearly 70 consumer complaints filed with unwanted and unintended acceleration on “repaired” cars - the same problem that caused the initial recall.
That’s quite a lot to chew on even before diving into a busy week with the normal economic reports. Europe in particular had a lot to release this past week. So without any further wait, let’s jump right into the fray in this week’s version of the week in review.
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The Forex market doesn’t slow down for anyone
February 26, 2010
Well another week is upon us, and while the Olympics have been very exciting, we can’t let that get in the way of the many important trading and economic reports that were released by major economies over the past six days. The Forex market doesn’t slow down for anyone, and there was plenty of news to cover this week, especially from Europe. Outside of the major reports, there was other important financial news, as well. The U.S. stock market showed mixed results this week, but seems to be slowly trending upwards. AIG and Citi both continue their restructuring under government supervision, and on a slightly negative note, home sales did fall quite a bit in the month of January.
Still, as most of the world’s eyes are on the Winter Olympics, there haven’t been any deeply disturbing or catastrophic reports but anyone trading the Forex has many major reports to look through and shouldn’t allow the pageantry of the Olympics to distract them from making the trades that bring home the bank.
So without any further wait, let’s jump right in to this week’s installment of the week in review.
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This week was a mixed bag, and as always the news differed from nation to nation.
February 12, 2010
There has been a lot in the news to cover this week, and we’re not talking just about the lead up to the Winter Olympics. The economic news from both the conventional reports, and from other news worthy stories, have had a major impact on investment and trading markets across the board this week. China has stepped in again to limit credit in an attempt to slow down their economic growth and prevent the economy from growing too fast and from becoming too leveraged on loans, credit, and interest. This has had a particularly strong effect on international stock markets and trading this week.
The news wasn’t relegated to Asia, as the EU has finally said they would help the nation of Greece with their debt problems in a bid to avoid the same disaster that happened when the nation of Iceland went bankrupt in 2008.
There is still general hope for some nations that positive retail sales early in 2010 may help spur job creation and GDP growth, and the full impact of the massive Toyota recalls has still yet to be fully experienced, but is of great concern to a lot of people.
Even beyond those stories, there is still plenty of news that has come from the normal economic reports that were released this week. So before you kick back to enjoy the beginning of the 2010 Winter Olympics, take a look at your fundamentals and technicals, close out those positions you won’t be paying attention to, and have a good look at this week’s installment of the week in review.
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Massive worldwide recalls have many people worried.
February 5, 2010
Well hello again, and as the days fly by we’re already looking at another week gone by, and as always there was plenty of economic news both from the fundamental reports affecting the Forex market, as well as general economic news. Toyota definitely made a huge splash in the news, but never in the way that a car company wants to. Massive worldwide recalls have many people worried about the future of this company, as they are taking a huge economic hit at a time when most car manufacturers aren’t in a position to be taking that type of a beating. In other news, Pepsi has decided that the cost of a Super Bowl ad isn’t worth it anymore, and for the first time in many years they won’t be buying ad space during the big football game.
The flurry of various economic reports has created mixed results in the American stock market, and as of this Friday the price of oil has fallen for three straight days. The BAE defense company is going to end up paying $400 million in fines to settle regulatory charges in both Great Britain and the United States.
There was also a huge variety of economic reports released this week by the major nations whose currencies are being traded in the Forex market. So without any further wait, and with no threat of a massive recall, here is this installment of the week in review.
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Which Nations Can Show a Steady Trend of Recovery?
February 1, 2010
Another week has come and gone, and we’re already upon another week in review. There was plenty in the news about the economy this week. The Ford Company is reporting major profits, while the GDP reports released Friday showed a lot of growth in the U.S. economy over the past year. The stock market has gone up accordingly, and solid data showing strong economic growth and recovery will hopefully help to thaw many of the job freezes that encourage companies to begin hiring again, as job hiring seems to be the big missing piece to full economic recovery for many of the major currency nations in the world.
There were some very good surprises in this week’s slew of economic reports, as well as some that were less than encouraging. Overall there are more and more signs that seem to indicate the economy is recovering, or at least beginning to recover, in many areas and that the overall direction of the world economy is slowly moving back the right way. Until then, keep an eye on all the fundamental reports, and make sure to keep up with the news that affects your favorite currency pairs.
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There was a slew of minor level reports this week.
January 22, 2010
Well it was a relatively quiet week as far as the major economic reports. There was a slew of minor level reports that didn’t have a major impact on the overall market, and it seemed like some of the biggest financial stories this week weren’t from released economic data reports. The average price of gas dropped for seven straight days in the U.S., bringing some much needed relief to consumers. Meanwhile, stocks fell for three straight days off further banking concerns. Individual companies were a mixed bag of news. McDonald’s and GE were encouraged, while Harley Davidson had its first quarterly loss in 16 years. Even on a relatively “slow” week by Forex report standards, there’s still plenty more important information to go over. So grab a cup of coffee, and sit back for this week’s edition of the week in review.
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2010 has just kicked off and the Forex market is already in full gear
January 15, 2010
2010 has already kicked off and the Forex market is already in full gear. There were quite a few important economic reports released this week, and a fully mixed bag at that. A stronger USD has helped to bring oil prices down to $79 a barrel, while the US Government is getting active in going after companies who abused their power or broke the law and helped contribute the financial meltdown that helped cause the current recession. FedEx has declared that freight shipping prices are going to have to increase nearly 6%, which could put a damper on a lot of smaller to mid-sized businesses who depend on shipping.
Otherwise most of the economic news this week comes with the actual market reports that help influence the Forex’s ebb and flow. One common theme that many nations share, unfortunate as it is, is that many nations experiencing recovery are still waiting for the jobs to follow, since only the return of jobs will help boost incomes, spending, and truly deliver a full recovery to the majority of people who have suffered due to the economic downturn.
Bit by bit some form of recovery seems to be continuing, so without any further delay let’s jump into it with this week in review.
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The old year is gone and 2010 is already off and running.
January 8, 2010
The old year is gone and 2010 is already off and running. Because of the lower level of major reports released the last week due to the holiday season, there were a lot of major economic reports released this week. With the exception of Japan, every major currency nation had at least one or two major economic reports released this week, and many had far more. The European Union alone released a dozen major economic reports that we will be going over in this report. The New Year always kicks off in a rush, and this year is no exception. In the States the college football national champion was crowned yesterday (congrats to Alabama Crimson Tide fans), and while it’s still winter, spring is just around the corner. Time tends to fly, especially as the days begin to get lighter, so it’s important to keep up on the economic news reports as a lot can change in a very short time.
With last year’s reports updated, there was a mixed bag on jobs as it turned out November was the first month that saw job growth in over two years, but revised numbers also showed a worse October than had been reported. There is a cautious optimism that sometime soon the corner is going to be turned and that job growth, even if small and steady, will start up again. Other nations are coming out with a rainbow of reports, as some nations are looking very good, while others are beginning to get nervous about an extended downturn.
There’s a lot to cover here, so without any further waiting, let’s take a look at this week in review.
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Hopefully the holiday season has been a time of blessings and good news
December 31, 2009
The holiday week has shortened up the number of major economic reports being released before the New Year, and it seems like most of us are done with Christmas and already looking ahead to a fresh start in 2010. While there is plenty to be excited about with a new year, there is always that little bit of cleanup work to bridge the gap, and this report covers the last five major economic reports to be released in 2009 about the Forex market.
There isn’t much to talk about ahead of these. Stocks only saw a minimal change in value as the USD strengthened towards the end of the week, and many eyes are already looking ahead so let’s cut the chit chat this time and jump right into 2009’s final installment of the week in review.
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It was certainly a busier holiday week than last year!
December 27, 2009
Well normally Christmas week is pretty quiet, but when the holiday lines up with Friday, it still leaves several good open market days to get some reports out there. While the traffic is definitely lower than usual as far as putting out a number of reports, there were still several very important economic reports released before the holidays, and there was plenty of financial news being covered in the mainstream media, as well.
Some of the top economic stories this week: there’s a general consensus that a combination of jobless claim numbers and good orders numbers for the United States indicates that the worst of the economic recession may be over and there is reason to be optimistic over a slight but seemingly solid rebound in the economy. In response, US stocks are creeping up to their highest values in all of 2009, and two acts of Congress have gotten everyone’s attention.
The first is that the Senate has given their approval to the health care bill. This will easily be the biggest overhaul to the healthcare system in 30 years, and whether the effects are extremely positive, extremely negative, or somewhere in between, have yet to be seen. In addition, Congress raised the debt ceiling for the government to $12.4 trillion, an alarming number and one that will have to be dealt with in the near future to help keep the USD strong, and the US economy firing on all cylinders.
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