Economic Insights Initial U.S. jobless claims continue dropping U.S. initial jobless claims fell by 23,000 to 340,000 last week, suggesting that the U.S. economy remains well on its recovery track. Meanwhile, the Bloomberg U.S. Consumer Comfort Index climbed to -29.4 from the previous -30.2. Source: BloombergClick the image to ... Read more >>
Fundamentally, the UK economy (like the rest of Euro Zone) still finds it hard to shift out of first gear. Growth is hard to come by and domestic consumption is slow. The most recent retail sales figure came in at -1.3%, lower than the forecast of ... Read more >>
Daily Market Report for 23 May 2013: Greenback Strengthens on Federal Reserve’s (Fed) Minutes
23 May 2013Economic Insights Fed continues QE3 (Quantitative Easing) until economic condition improves substantially In Ben Bernanke’s earlier testimony, he mentioned that the latest round of the Fed’s stimulus largely benefited the economy, and an early withdrawal might incur higher costs later since recovery still looks modest. A premature ... Read more >>
I received an email from Lee who wrote: Japan's Economy Minister Akira Amari surprisingly said that further weakness in the Yen could soon become a threat to their economy. Has the BoJ weakened the Yen enough? Or should we expect to see the Yen continue selling ... Read more >>
Question from Vaisakh: Do you see any threats to my trading strategy with the EURUSD and USDCHF?
22 May 2013I received an email from Vaisakh who wrote: I've been working on a EURUSD and USDCHF hedging strategy for the past seven months and the results looks promising. I go Long (or Short) on both pairs and stay calm until the net result of both ... Read more >>
I received an email from Adnan who wrote: Hi Mario, do you think it’s time to Short the Euro due to weak Euro Zone fundamentals and loose European Central Bank (ECB) monetary policy? It is right that the Euro Zone is fundamentally weak, and it looks ... Read more >>
The USD enjoys resurgence in demand as a safe haven relative to other major currencies. Recent economic releases from the Euro Zone did not do the EUR any favors. With the last EU Gross Domestic Product (GDP) coming in at -0.2%, it shows Europe was in ... Read more >>
I received an email from Timmy who wrote: Have you ever experienced trader’s block? I believe everyone has, but what would you do? Almost every trader experiences this occasionally, including me. Sometimes market situations may not suit a trading strategy and can cause a string of ... Read more >>
