The G20 summit

After a couple of weeks stacked full of major economic reports coming at you every 0.12 seconds (approximately), it is sometimes nice to have a week where there are only a few major reports coming out so you have a chance to breath and really analyze your favorite trading currencies. This week hasn’t had nearly the high level traffic as the last two weeks, but as always each and every report has something worth reading about.

The news this week is a little bit grim in a lot of places, as many nations fell short of expectations, and some showed surprising reversals. However, before anyone goes around yelling about Rome is burning, none of these signs point to the levels of economic shock that many nations went through last year. So don’t listen to anyone in a panic, which is always good advice regardless of situation, and remember that with currency trading there always has to be a winner in a pair, so just continue on with your research and analysis and you’ll be ahead of the game.

As for this week the biggest piece of economic news not covered in the weekly reports has to be the G20 summit. While the G8 summit was traditionally the meeting of financial powers, now it appears the G20 summit will take its place as many more nations like India, Brazil, and China have enough economic impact in this global economy that their voices are important. While there was a lot of talk and conversation about many economic topics and about each nation setting specific goals, there is no enforcement policy or penalty for failing to meet these goals, which means that in realistic terms the impact of any agreements is hard to measure and may be minimal.

Well with the summit concluded, it seems like a good time to close this summary, as well, and continue on with this week in review.

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