US Non-Farm Employment Change disappoints at -125,000, turning negative once again and worse than forecast. The Unemployment Rate improved to 9.5 percent due to a smaller labor force. The Forex market was not significantly moved...
Read MoreBernanke is still fully committed to providing stimulus and bailouts, even internationally. The world has yet to learn that the cure for too much debt and spending is not more debt and spending. Look for this behavior to...
Read MoreEURUSD has reached a new weekly low, slightly surpassing yesterday’s low of 1.2176. The next short term support level is the low from May 19, at 1.2142. Look to sell EURUSD on a break of support. Or for those who are more...
Read MoreAre we headed for a global fiat currency meltdown? That is what David Galland of The Casey Report argues in his latest post. While the article is notably tilted against the actions, recommendations, and claims made by the...
Read MoreNic Lenoir from ICAP thinks nobody in Europe has any idea how to fix this growing problem–I concur. From ZeroHedge.com: As I have suggested a few days ago, there are not that many reasons to want to own German Bunds...
Read MoreThe Greek bailout is now underway and the Euro is continuing to weaken. EURUSD is now at its lowest point since 2006. EURJPY’s low for this month marked its lowest point since 2001. Gold has also recently set all time...
Read MoreI have long believed that it is a fundamental law of the markets that trading strategies do not work. At least not in the long run. This is based on that fact that if they did, then eventually everyone would use the winning...
Read MoreExcellent fundamental analysis of the financial troubles and bailouts in Europe. The recently approved eurozone bailout package, designed to buy more time for fiscally troubled nations such as Greece, Spain, and Portugal, is...
Read MoreListen to Peter Schiff explain why the bailout in Greece is an American style bailout and what this means for the Euro and US dollar. YouTube.com – Peter Schiff: Bailout American Style These bailouts create moral hazard...
Read MoreLast week I wrote that I expected a large drop in AUDUSD if the RBA signaled that they would be holding rates steady. Well they did, and boy did we get a drop. The pair has fallen down to the 0.8800 level. The 0.8600 level still...
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