I'm wondering about NZD/USD. Their central bank already said their currency was overvalued vis-a-vis USD a week or so ago when it was around 79.. It went over 80 early this morning (for no apparent reason) and I went short at 80.53. Has now bounced ...

DJ: Fed officials to discuss revising guidance on rates at July meeting

What I read is that they are going to discuss guidance on rates. Couldn't it also mean a raise in the interest rate? Why must it be a discussion on lowering rates when they have been discussing tapering off the stimulus.

DJ: Fed officials to discuss revising guidance on rates at July meeting

How accurate is this? Was the statement released before the testimony?

Key Passages From Bernanke’s Testimony

The forexfactory explanation of the positive aspect of a decline in inventory is that companies will begin to buy when inventory is low--and this is a sign of light at the end of the tunnel. On the other hand, it may be a sign of companies battening ...

U.S. business inventories barely rise in May

China news coming this weekend--and the Chinese appear to be moving toward honest reporting of their economic metrics. If China news is bad, then it hurts Aussie, no? The big boys may have decided to take their profits made on the run up and get out.

Aussie takes a pasting through 0.9050

I tried to post a story on Forex Factory about a week ago that revealed hard data on what most retail currency traders had long suspected---The big banks and hedge funds pay the outfits like the U. of Michigan or whoever to send their data on major ...

How algorithms rule the world

If they aren't professional enough to proofread their stuff, why should they have any creditibility.?

GBP/USD: Abrupt declines below 1.52

will Administrstion continue with stimulus? Effective result is what?

US National Income and Product Accounts Gross Domestic Product, First Quarter 2013 (advance...

Where they will collectively address the questions raised by his last address and come forth with another address about the fluid situation of the Euro vs the sovereigns and the central banks. That oughta take care of it.

Draghi: The role of monetary policy in addressing the crisis in the euro area

First time in living memory that Bloomberg headline about bad news report on US economy didn't say "unexpectedly." Have they just been cheerleaders for the Obama regime or morons?

Jobless Claims in U.S. Increase More Than Forecast

To certain US politicians including the President and his party, the best answer to Spain's problems is to emulate the US and provide more 'stimulus' to the economy by borrowing and spending more money and increasing the debt. After all, they just ...

Chart Of The Day: Spanish Debt

Everyone in government, the Fed, Fannie Mae, and the Banks were all entwined in pushing a housing bubble through sub-prime mortgages that no sane person would ever expect to be repaid. And the derivative market became a way to hide the basic ...

Bernanke Voiced Alarm Over Credibility of Ratings Firms

Can anyone confirm this? Yen has continued to drop to mid 88.90s

Japan 10.3T Yen stimulus package approved by cabinet

Dude, you are in the wrong place for comfort. Get your comfort at the comfort station. Occasionally you will hear something sensible here, but it is only because it probably reinforces your own inclinations. I personally think the US economy and ...

Here Is Why The Euro Will Hit $1.40 End-2013 - Goldman Sachs

Rats leaving the ship before it sinks?

Schapiro, Head of S.E.C., Announces Departure

How does one factor in the propensity of the Chinese to manipulate their news about their economy? If they come in with a 7.5 or 8.5% will the market believe it-- and the Aussie move accordingly?

AUD/USD: Trading the Chinese GDP