Part II: The Hocus-Pocus Accounting Tricks That Will Perpetuate ... Who says accounting can’t be fun? When it comes to determining capital adequacy and the solvency of banks and investment banks gutted by this historic capital markets credit crisis, accounting cards are magically being...

The Sky Is Falling! Or Is It? I tell you, with weeks in the financial markets like the one we had last week, I’m reminded of the story of Chicken Little who was always running around saying, “The sky is falling.” However, I can see where investors can get this same ... Go to Full...

Foreign Bondholders - Not The US Mortgage Market - Drove The ... By William Patalon III. For anyone who still doubted the growing global influence of such emerging powerhouses as China, consider this: The US government’s decision to take control of foundering mortgage giants Fannie Mae...

GBPUSD tests key support. The GBPUSD moved closer and closer to the 50% retracement of the 21st century low. As mentioned in previous posts, the midpoint of the move up from the June 2001 low of 1.3681 (the low for the 2000's) and the high in November of 2007 at ... Go to Full Article

US Dollar Remains Resilient In Spite Of Emergency Rate Cut Rumor ... Negative economic data keeps streaming nonstop from the US, but amazingly, it has failed to derail the strong US dollar from its ongoing uptrend. On Sunday it was news of a government bailout of Fannie (FNM) and Freddie...

Inflation Adjusted Trade Deficit improving = higher GDP The inflation adjusted (Real) trade deficit came in at -41.242 billion in July. This was down from the 40.148 billion deficit in June. However, the 3 month moving average came in at 41.64 billion, down from 43.534 billion average last ......

Casual Causality by D Gilmore The financial press is only as good as its sources. Unfortunately too often the crowd is too quick to offer causality too casually, confusing motivations for trading with a llitany of at hand fundamentals. I am ready to pop over the utter nonsense that...

Wachovia Daily FX Report Gain a wider view of the factors behind current economic news with comprehensive analysis and commentary from Wachovia Economic Commentary and Currency Risk Management Groups Click for the full report. Go to Full Article

Market Overview by Forex Yard Economic News * USD The Dollar's Upward Momentum Proves Difficult to Squash Yesterday, after a small setback the day before, the greenback bounced back to continue its appreciation against all major currency rivals. The dollar extended gains as it was also...

Trade Balance Widened in July Driven by Jump in Oil Imports Gain a wider view of the factors behind current economic news with comprehensive analysis and commentary from Wachovia Economic Commentary and Currency Risk Management Groups Click for the full report. Go to Full Article

Euro Breaks Below $1.40 in Forex Trading Currency trading with the euroThe euro has broken through the $1.40 level in forex trading on the currency market. Go to Full Article

New Zealand Dollar Falls in Currency Trading After Rate Cut Forex trading with the kiwiThe New Zealand dollar is falling rather dramatically in currency trading on the FX market this morning. Go to Full Article

Daily Foreign Exchange Market Summary, by U BoC U The US dollar is mixed against a basket of currencies after yesterday's trade deficit reporting and today's jobless claims report. The dollar weakened against the yen and the euro when US trade deficit widened much more than...

Market Update from Trade The News European Market Update: Risk aversion and de-leveraging highlights global price action ·*** ECONOMIC DATA *** - (GE) August Wholesale Price Index: M/M: -1.8% v - 0.2%e; Y/Y: 7.4% v 8.6%e

Forex Trading Speculators Sell US Dollars - Will Rally End? Forex trading speculators continue to sell US dollars according to FXCM Speculative Sentiment Index, and this has coincided with strong declines in the... Go to Full Article