Author: John Rowa

Bank of Canada maintains the overnight rate target at 0.25 percent and announced its expectation to hold there through the second quarter of 2010. They reported “global economic recovery is under way”, though it...

The markets in the US are closed today due to observing Martin Luther King Day. Therefore, expect low volume and little movement in the Forex market during the US session. It’s likely to continue through the Asia session...

JPMorgan was the first major US bank to report their Q4 2009 results. Profits came in at 74 cents a share, beating expectations of 61 cents. Revenue on the other hand was $25.2 billion, short of the $26.8 billion expectations....

The December Consumer Price Index (CPI) rose 0.1%, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the index increased 2.7% before seasonal adjustment. Core CPI, without food and energy prices, also...

GBPUSDTrade: Buy Limit GBPUSD (pending order @ 1.6292)Stop Loss: 1.6237Take Profit: 1.6372 Commentary: Daily Limit trading strategy. Today’s signal was sent out near Thursday night 23:00 GMT / 15:00 PST. It expires shortly...

EURUSD has ranged for the past few days, developing support near 1.4460. Today’s low reached 1.4445, but quickly retraced back up. The ECB statement and issues with Greece may be leading to the EUR weakness, but it’s...

US retail sales for December 2009 dropped -0.3% from the previous month, worse than expectations of +0.4%. Core retail sales dropped -0.2%, worse than expectations of +0.3%. One bright note is that the sales figures were up from...

The European Central Bank left rates unchanged this morning and gave an introductory statement, summed up in the following: “To sum up, the current key ECB interest rates remain appropriate. Taking into account all the...

EURUSDTrade: Buy Limit EURUSD (pending order @ 1.4480)Stop Loss: 1.4434Take Profit: 1.4567 Commentary: Daily Limit trading strategy. Today’s signal was sent out near Wednesday night 23:00 GMT / 15:00 PST. It expires in 24...

The Federal Reserve released the Beige Book today. As exciting as its color, it describes the local economic conditions in each of the 12 districts of the Federal Reserve. This document is released 8 times per year and...