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Bank of Canada Rate Decision A Watershed

posted by trade2win 1444 days ago in CAD, Fundamental, Inflation

Yesterday’s decision by the Bank of Canada not to lower its discount rate as universally expected may have been a shock to economists but it also represents a watershed event of sorts in the conduct of monetary policy.

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US Dollar: 5 Reasons It Will Not Hit a New Low

posted by trade2win 1445 days ago in USD, Fundamental, Special made popular 1445 days ago

Despite the prospect of a rate hike from the European Central Bank, here are 5 reasons why I do not expect the US dollar to hit a new record low against the Euro:

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How Gas Prices Are Changing Consumer Behavior

posted by trade2win 1446 days ago in USD, Fundamental, Inflation made popular 1445 days ago

Nice chart from NPD survey research of how consumers are self-reportedly changing their behavior in response to higher gas prices.

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Adjusted for Labor Force Growth, Today's Jobless Claims Are

posted by trade2win 1446 days ago in USD, Fundamental, Employment made popular 1446 days ago

Amidst all of the talk of rising weekly jobless claims being so egregiously large, let us try to put what has gone on thus far in historical perspective: Jobless claims are modest, at worst, compared to past periods of protracted economic weaknes

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Pending Home Sales Data + Cancellations + Foreclosures = ?

posted by trade2win 1447 days ago in Fundamental, Housing, Employment made popular 1446 days ago

Macro Effects of the Housing Slump

Home Gauge Climbs Amid Bargains. “National Association of Realtors: April pending home sales—meaning signed sales contracts—rose 6.3% from March to a level of 88.2, the highest in six months.

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Bernanke's Backfire: Now What?

posted by trade2win 1447 days ago in Fundamental, Daily, Inflation made popular 1447 days ago

Perhaps it was just bad timing, or dumb luck. Or maybe the forex market really is testing the Fed chairman. Whatever the explanation, Ben Bernanke's decision last week to break with precedent and talk up the dollar looks ill-timed.

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Getting Off the Performance Roller Coaster

posted by trade2win 1449 days ago in Trading Psychology made popular 1446 days ago

A surprising number of traders I hear from and work with experience what might be called a performance roller-coaster. They make money for a while, then become sloppy and overly aggressive in their trading. This leads to harrowing and frustrating

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Another Rough Jobs Report: This Trend Has Legs

posted by trade2win 1449 days ago in Fundamental, Daily, Employment made popular 1448 days ago

This week has witnessed some encouraging news on the economic front, but this morning's update on payrolls will mute any temptation for celebrating.

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22-Year-High Jump in Unemployment Hits Stocks and Dollar

posted by trade2win 1450 days ago in USD, Daily, Employment made popular 1449 days ago

The NFP lottery results are out. The US dollar slipped against many currencies such as the Euro, Swiss franc and British pound when it was reported today that the US unemployment rate jumped to 5.5% in May from 5% percent in April, much worse tha

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Bernanke Admits the Dollar Does Matter

posted by trade2win 1451 days ago in USD, Fundamental, Daily made popular 1451 days ago

The weak dollar has been a source of much consternation, at least for me, over the past year. There are those who say "Who cares; a weak dollar helps exports," and "You need to keep pushing down interest rates until the economy recovers and we wo

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Bernanke Blames Saving Glut for Housing Bubble

posted by trade2win 1452 days ago in Fundamental, Daily, Housing made popular 1452 days ago

In yet another long-winded and self-serving speech, Bernanke blames everyone but the Fed for the housing and credit bubbles. Not once did he mention interest rate policy at the Fed. However, he did blame foreign investors and "the global savings"

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What Bernanke Had To Say

posted by trade2win 1453 days ago in Fundamental, Daily made popular 1452 days ago

There some construction workers here at the nerve center of Across the Curve.com today and I had not paid proper heed to the markets until a few minutes ago.To thrust myself back in to the thick of things I just waded through Mr Bernanke’s mornin

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