Jobless Claims Fall As Does the Dollar - January 16, 2014 15:37

In economic data today coming from the United States, the initial weekly jobless claims fell by 2000 to 328,000 for the week ended 11th January. This figure was just slightly above the consensus estimate which had all been pointing at a reading of around 325,000. Also released the same time were the secondary unemployment claims […]

China and Australia Set to Cut Dollar out of Trade - April 1, 2013 23:07

I’ve been saying for a long time that the Petrodollar system will not die all at once.  It will do so by a thousand tiny cuts.  In the past 18 months or so China has signed more than 30 bilateral trade or currency swap agreements with countries around the world.  Last year the big one […]

Forex Outlook for the Week Ending July 27th - July 25, 2012 23:50

List of major economic events to affect the forex markets and currency movements for the week ending, July 27th, 2012 are as under: On Monday, July 23rd, data on consumer confidence was published in the euro zone while United States presented its Fed Nat activity index. Switzerland reported the data on M3 money supply. In […]