I got an email from someone who shared with me his thoughts on
graduating from trading on a demo forex account to a real account. He
said that in real trading, he felt his "heart beating much faster" and
he felt more tempted to close his positions before they hit the stop..
As expected, the Fed has left its overnight target rate fixed at 5.25%.
The US dollar fell dramatically across the board after a subtle change
in the Fed's statement. Here is the FOMC statement: "Recent indicators
have been mixed and the adjustment in the housing sector is...
Something that is currently interrupting the forex market's
preoccupation with US housing data is comments coming from China's
Central Bank. Bank Chief Zhou said that China will not accumulate more foreign reserves. Excess foreign revenue...
Almost every one must be thinking the same thing when it comes to the
downturn in the financial markets: how long is the panic going to last?
This panic spills over to the forex market, and makes big institutional
players and investors more risk-averse. Unwinding of carry...
Price of goods and services in the US rose last month
on higher food and energy prices while underlying inflation crept up
modestly, suggesting that inflation still remains a concern. The
consumer price index rose 0.4% (0.3% expected) in February, compared to...
Today newspapers and TV channels continue to discuss the possibility of
a meltdown in US financial markets. Even though the US current account
deficit narrowed sharply at the end of 2006, that may not do much to help the USD. The state of the US sub-prime lending sector...
I'm sure most of you have heard of the Nigerian inheritance scam or
the Spanish lottery spam. Scams, like fashion, have to reinvent
themselves to look different from time to time, otherwise there would
be very few scam victims. Now, the latest scam is to get
people to invest...
US retail sales in February increased 0.1% last month, versus an
expected increase of 0.3%. Excluding both the auto and gasoline
sectors, all other retail sales decreased 0.3% in February. This shows some signs of
cracking in consumer spending in the US. The central focus at...
Today, we witness another round of "the sky is falling" as traders and
investors rush to sell the US dollar. What have been pushing the US
dollar down today are fresh concerns over the US sub-prime market which is currently experiencing significant...
This week, the focus will be on the US dollar again. On Friday, Richmond Fed Lacker said inflation expectations aren't anchored enough
in the US, based on market pricing levels, while Fed Vice- Chairman
Kohn reaffirmed the importance of inflation expectations to...
Recent talk about possible recession in the US may have spooked the
Americans, but do they really have worry about their prospects,
especially when it comes to employment? US non-farm payrolls in
February increased a paltry 97,000, in line with market expectations of
The European Central Bank (ECB) raised rates to 3.75% as widely expected. ECB President Trichet said that the decision to raise rates was
unanimous, and that all economic variables must be monitored very
carefully. He added that policy remains on the accomodative...
There is a certain kind of calm in the forex market today, but this calm is just a deceptive facet. I know that the volatility dust is going to be kicked up again either tomorrow or on Friday. Tomorrow we are going to hear from two central banks in Europe,...
Former Fed Chairman Alan Greenspan talks about the dreaded R-word again - Recession. He told Bloomberg News there is a "one-third probability" the US could fall into recession this year. He also noted the maturity...
Tremors have been felt by people from certain parts of Singapore-
ranging from Beach Road, Woodlands to the Central Business District.
Apparently, these tremors have been the result of an earthquake in
Sumatra (5.8 magnitude on the Richter Scale), Indonesia, which is ..