Forex Trading TV Video Blog

USD The previous week ended up pretty much where it initially started. Despite the impotency of economic events, the Forex markets didn't make any significant moves and data such as the GDP and the FOMC meeting caused very minor reactions in the major pairs. Recall, last week's focus was the Fed rate decision. As widely expected, the Fed left rates on hold at 5.25% now feeling more comfortable about growth and inflation. "Core inflation has improved modestly in recent months" and "recent indicators have suggested somewhat firmer economic ... ( read more )

USD The ISM Manufacturing index fell to 49.3 in January from a 51.4 previous reading, well short of market's expectations of a 51.7 reading. Although printing below the 50 level, which indicates a contracting manufacturing sector, January's ISM reading is still well above the 42.7 broader US economy boom/bust level. Nevertheless, this is the second reading in 3 months coming below the 50 level, a fact indicating that the manufacturing sector is surely losing its momentum. For the past 3.5 years, the ISM index was in a clear expansionary mode... ( read more )

USD The heavy US calendar continues today, after a very important day yesterday that was filled with important events. The flow of data started with the Annualized GDP, that after an expectation of a 3% rise, the figure came stronger at 3.5%. The ADP employment also came stronger than expected and rose to 152K after a 140K forecast. The ADP is known to be closely affiliated with the Non Farm Payrolls that is due on Friday, which means that we might be seeing a strong number there as well. In contrast to the positive figures above, the Chicag... ( read more )