http://www.fxstreet.com/fundamental/market-view/market-directions/http://www.fxstreet.com/fundamental/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/fundamental/market-view/market-directions/2011-08-10.htmlThe real message of Tuesday’s FOMC statement was not in its promise to keep the Fed Funds rate where it is for the next two years. The Fed promise is conditional. If in eighteen months the economy is recovering and inflation is headed higher, the FOMC will certainly move on rates. The crux of the Fed’s analysis is that it has joined the economic doubters. The Open Market Committee no longer believes that the US economy is in or on the verge of a slowly strengthening recovery. Its own optimisticWed, 10 Aug 2011 19:04:17 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxsol.com (FX Solutions)http://www.fxstreet.com/fundamental/market-view/market-directions/2011-08-10.htmlhttp://www.fxstreet.com/fundamental/market-view/market-directions/2011-07-27.htmlWith the much bruited US default looming yields on Treasuries have fallen slightly. In the face of supposed catastrophe next week investors are accepting lower yields today in the very instruments that may default on payments tomorrow? What could be the logic behind such financial insularity, has the Treasury market moved to Mars? Washington politicians have multifarious motives and are most familiar with the truth in public when it fits their political goals. Relying on their financialWed, 27 Jul 2011 08:42:59 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxsol.com (FX Solutions)http://www.fxstreet.com/fundamental/market-view/market-directions/2011-07-27.htmlhttp://www.fxstreet.com/fundamental/market-view/market-directions/2011-06-15.htmlGerman Finance Minister Wolfgang Schaeuble and European Central Bank President Jean Claude Trichet are both right in their analysis of the Greek debt crisis. That makes compromise especially difficult. Mr. Schaeuble is correct that investor participation is at the heart of any debt restructuring and there is virtually no chance that Greece can avoid a writedown of debt. But Mr. Trichet is also on target in thinking that a default by Greece now would incur incalculable risks for the weak EUWed, 15 Jun 2011 19:39:27 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxsol.com (FX Solutions)http://www.fxstreet.com/fundamental/market-view/market-directions/2011-06-15.htmlhttp://www.fxstreet.com/fundamental/market-view/market-directions/2011-05-13.htmlInitial claims for unemployment insurance dropped 44,000 to 434,000 for the work week ending May 6th. This is the fifth consecutive week that claims have been above 400,000 and the longest sustained period above that level since January. Economists in the Bloomberg Survey had predicted 430,000 people would file new claims. The previous week’s claims were revised 4,000 higher to 478,000. The 400,000 level of initial claims is usually cited by economists as the general dividing line between anFri, 13 May 2011 06:13:17 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxsol.com (FX Solutions)http://www.fxstreet.com/fundamental/market-view/market-directions/2011-05-13.htmlhttp://www.fxstreet.com/fundamental/market-view/market-directions/2011-05-10.html“Never believe anything in politics until it has been officially denied”, has been variously attributed to Otto von Bismarck, the 19th century German Chancellor and in a slightly varied form to Claude Cockburn the 20th century British journalist. If repetition is a source of official authority then the restructuring of Greek sovereign debt must be a near certainty. There probably isn’t an official source in Europe that hasn’t denied that restructuring is being considered, is a possibility orTue, 10 May 2011 07:39:35 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxsol.com (FX Solutions)http://www.fxstreet.com/fundamental/market-view/market-directions/2011-05-10.htmlhttp://www.fxstreet.com/fundamental/market-view/market-directions/2011-04-25.htmlHas the risk of sovereign default in the Eurozone vanished? You might be forgiven for thinking so last week with the euro gaining almost 3% against the US Dollar and ranking among the best performing scrip that week. But most other currencies had similar success against the weakening US greenback. The Australian Dollar moved up 3%, the Canadian Dollar 1.8% and the Swiss Franc 1.8%. The currency market may appear blasé about the EMU debt problem but European credit markets take no such sanguineMon, 25 Apr 2011 18:07:10 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxsol.com (FX Solutions)http://www.fxstreet.com/fundamental/market-view/market-directions/2011-04-25.htmlhttp://www.fxstreet.com/fundamental/market-view/market-directions/2011-03-25.htmlWhat exactly is the yen doing at this level? I have been asked this question more frequently than any other since the financial crisis and the collapse of the carry trade. Questioners have been particularly insistent these past few weeks. I now anticipate the euro version: Portugal will be the third sovereign bailout in little more than a year, why is the euro strong The Irish elect a government committed to modifying the terms of the EU bailout. Jose Socrates’ government in Portugal fallsFri, 25 Mar 2011 15:00:50 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxsol.com (FX Solutions)http://www.fxstreet.com/fundamental/market-view/market-directions/2011-03-25.htmlhttp://www.fxstreet.com/fundamental/market-view/market-directions/2011-03-04.htmlJean Claude Trichet, the ECB President, noted in the past for his smooth public style has become uncommonly blunt. The prepared text of today’s rate announcement said “strong vigilance” was needed against inflation. In the distant past, that is before the financial crisis, that was the type of phrase routinely used by the bank to indicate an incipient rate hike. Its sudden reappearance was, for the financial markets, dramatic. Asked in the post announcement news conference the meaning of theFri, 04 Mar 2011 12:39:28 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxsol.com (FX Solutions)http://www.fxstreet.com/fundamental/market-view/market-directions/2011-03-04.htmlhttp://www.fxstreet.com/fundamental/market-view/market-directions/2011-03-01.htmlThe response of the currency markets to the civil war in Libya and the more the 10% rise in the price of oil in less than two weeks has been markedly different than that of the bond and equity markets. Currency traders seem to think that the effects of the oil spike on the world economies will be transitory. They have given little credence to the increased risk of an economic slowdown or recession in the US or elsewhere. Consequently risk appetite and the euro have gained. Their brethren in theTue, 01 Mar 2011 17:01:59 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxsol.com (FX Solutions)http://www.fxstreet.com/fundamental/market-view/market-directions/2011-03-01.htmlhttp://www.fxstreet.com/fundamental/market-view/market-directions/2011-02-10.htmlMortgage applications in the week of February 4th fell 5.5% after having risen 11.3% in the previous week. It was the second decline in the last three weeks. In the past year the average weekly change has been -0.2%; in the past six months the average has tilted lower to -1.4%. From January 2000 until the end of 2005 applications increased an average of 0.8% per week; from January 2006 until the end of the decade the weekly change was 0.6%. Refinancing accounted for 66.6% of mortgageThu, 10 Feb 2011 09:23:56 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxsol.com (FX Solutions)http://www.fxstreet.com/fundamental/market-view/market-directions/2011-02-10.htmlhttp://www.fxstreet.com/fundamental/market-view/market-directions/2011-02-04.htmlSome mandates, even if unstated, are more important than others. Officially the main concern of the European Central Bank is inflation. Unofficially its paramount goal is the survival of the euro and the EMU. Unlike its American counterpart the ECB targets headline inflation, including food and energy prices, not the core metric which eliminate their volatile effects. Its stated goal is 2.0%. In December yearly CPI in the Euro zone came in at 2.2%, 0.3% higher than November and more than doubleFri, 04 Feb 2011 17:14:20 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxsol.com (FX Solutions)http://www.fxstreet.com/fundamental/market-view/market-directions/2011-02-04.htmlhttp://www.fxstreet.com/fundamental/market-view/market-directions/2010-12-30.htmlThe three major economic blocs of the world economy face an uncertain future in 2011. The United States, the European Union and China began the recession in very different economic form, enacted different polices to cope with the downturn and have experienced marked variation in recovery. The future of all three is equally dependent on the facts of economic recovery and the still potent political remains of the financial and economic collapse of 2008 and 2009. Behind the economic surface is theThu, 30 Dec 2010 12:35:05 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxsol.com (FX Solutions)http://www.fxstreet.com/fundamental/market-view/market-directions/2010-12-30.htmlhttp://www.fxstreet.com/fundamental/market-view/market-directions/2010-12-15.htmlThe currency market may have temporarily calmed from the excitement of the past few months as traders acknowledge that illiquid end of year markets are a poor place for considered speculation. But the fundamental forces that drove the euro down more than seven percent against the dollar in less than two months, and before that flattened the dollar by more than ten percent in the same space of time, will reemerge in the New Year. Economically and politically nothing in Europe, the United StatesWed, 15 Dec 2010 06:33:44 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxsol.com (FX Solutions)http://www.fxstreet.com/fundamental/market-view/market-directions/2010-12-15.htmlhttp://www.fxstreet.com/fundamental/market-view/market-directions/2010-12-07.htmlTue, 07 Dec 2010 11:59:52 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxsol.com (FX Solutions)http://www.fxstreet.com/fundamental/market-view/market-directions/2010-12-07.htmlhttp://www.fxstreet.com/fundamental/market-view/market-directions/2010-11-24.htmlUntil mid-October the consistent trend in the currency markets had been to a weaker dollar. The reason for the dollar slippage was the revival of US Central Bank's monetary easing policy announced, though not directly, at the September 21st FOMC meeting. This policy would flood the American and world economies with $600 billion new dollars over the next eight months, prompting US inflation and exciting worldwide fears that the US national government has an unstated policy of debt monetization.Wed, 24 Nov 2010 19:39:17 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxsol.com (FX Solutions)http://www.fxstreet.com/fundamental/market-view/market-directions/2010-11-24.htmlhttp://www.fxstreet.com/fundamental/market-view/market-directions/2010-11-12.htmlThe discussions between the world’s leaders at the Group of 20 meeting in Seoul, Korea are not likely to be any less incendiary than the famous kim chee, the fiery pickled cabbage of the host’s cuisine. The Chinese government is no mood to accept the United States diagnosis that the distortions of the international trading system stem from the artificially maintained level of the yuan. The US prescription for its own economic malaise, a huge second round of quantitative easing, has given theFri, 12 Nov 2010 08:07:23 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxsol.com (FX Solutions)http://www.fxstreet.com/fundamental/market-view/market-directions/2010-11-12.htmlhttp://www.fxstreet.com/fundamental/market-view/market-directions/2010-11-03.htmlPresident Obama memorably said in rebuking Republican leaders just after his election in Nov 2008, “I won”. The focus on himself was an accurate predictor for the choices the Democratic majority in government would make in the next two years. The President could have restrained or directed the heavily pro-government impetus coming out Congress but he did not. Whether it was because he believed strongly in that prescription, as most now suspect, or because it was an expedient use of theWed, 03 Nov 2010 21:25:18 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxsol.com (FX Solutions)http://www.fxstreet.com/fundamental/market-view/market-directions/2010-11-03.htmlhttp://www.fxstreet.com/fundamental/market-view/market-directions/2010-10-22.htmlChina does not enter the G-20 finance ministers meeting tomorrow in South Korea with much carry over credit from the last G-20 summit in June. Just before that conclave the Peoples Bank of China (PBOC) announced that it would “enhance the RMB exchange rate flexibility”. The world and the G-20 assumed that ‘flexibility’ could only mean a stronger Yuan. But as a Chinese official helpfully explained a few days later, flexibility meant that the Yuan could go down as well as up in value. In theFri, 22 Oct 2010 07:08:27 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxsol.com (FX Solutions)http://www.fxstreet.com/fundamental/market-view/market-directions/2010-10-22.htmlhttp://www.fxstreet.com/fundamental/market-view/market-directions/2010-10-13.htmlIf the Fed declared that it “is prepared to provide additional accommodation if needed” in its last policy statement, the minutes of that September 21st FOMC meeting released today give the impression that those preparations are well underway. The Federal Reserve‘s twin mandates for price stability and full employment are both tilting, in the board’s view, toward the need for further Federal Reserve support for the economy. Despite widespread skepticism among economists on the effectiveness ofWed, 13 Oct 2010 07:18:06 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxsol.com (FX Solutions)http://www.fxstreet.com/fundamental/market-view/market-directions/2010-10-13.htmlhttp://www.fxstreet.com/fundamental/market-view/market-directions/2010-10-08.htmlAutomatic Data Processing (ADP) the largest private payroll processing company in the United ‘States reported that private nonfarm payrolls fell by 39,000 in September, the first negative result and largest decline since January. A rise of 20,000 had been predicted by economists. The August figure was revised higher to 10,000 from -10,000. Since turning positive in February of this year the monthly average through August had been 34,000 payroll additions per month. ADP amasses its statisticsFri, 08 Oct 2010 05:17:00 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxsol.com (FX Solutions)http://www.fxstreet.com/fundamental/market-view/market-directions/2010-10-08.htmlhttp://www.fxstreet.com/fundamental/market-view/market-directions/2010-10-06.htmlAmerican housing starts eked out a minor gain in July reaching an annual rate of 546,000. But even that small movement was evident only because the prior month was revised down to 537,000 from 549,000. Starts have declined 20% since the expiration of the housing tax credit in April. There is simply no historical precedent for this level of activity in the new home sector. In the 24 months since July 2008 housing starts have averaged 604,000 per month (annualized), with a high of 844,000 inWed, 06 Oct 2010 18:14:06 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxsol.com (FX Solutions)http://www.fxstreet.com/fundamental/market-view/market-directions/2010-10-06.htmlhttp://www.fxstreet.com/fundamental/market-view/market-directions/2010-09-21.htmlCan the Federal Reserve create robust economic growth and with it jobs? No. Not if the fiscal and policy environment is not conducive to business confidence and expansion and the American consumer is more focused on balance sheet repair than consumption and deploying leverage. Can the Fed underpin a weak American economic recovery and prevent it from a second collapse? Probably, as long as there are no dangerous economic or political developments elsewhere. Is quantitative easing (QE) the onlyTue, 21 Sep 2010 21:46:02 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxsol.com (FX Solutions)http://www.fxstreet.com/fundamental/market-view/market-directions/2010-09-21.htmlhttp://www.fxstreet.com/fundamental/market-view/market-directions/2010-05-03.htmlThe Greek financial rescue signed on the weekend is a multi-year package totaling €110 billion. It is a necessity if Greece is to avoid default on May 19th. As Prime Minister Papandreou said with Mediterranean brio, “What is at stake is the survival of the nation”. Surely not. Many nations have survived defaults, Russia and Argentina to name only the most recent. Survival, in Mr. Papandreou’s terms, means within the European Monetary Union and the European Union. Those memberships might notMon, 03 May 2010 21:24:54 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxsol.com (FX Solutions)http://www.fxstreet.com/fundamental/market-view/market-directions/2010-05-03.htmlhttp://www.fxstreet.com/fundamental/market-view/market-directions/2010-04-07.htmlHave the improved prospects for a Conservative victory in the upcoming British election and the reduced chance of a hung parliament revived the sterling, or has the recovering British economy provided the boost? A little more than a week ago, the pound came within twenty points of its post crash low of 1.4781. By last Thursday it had regained 3.4% versus the dollar and 2.1% against the euro. Yet the reason probably has more to with Greek debt than resurgent manufacturing in the Midlands. TheWed, 07 Apr 2010 21:09:27 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxsol.com (FX Solutions)http://www.fxstreet.com/fundamental/market-view/market-directions/2010-04-07.htmlhttp://www.fxstreet.com/fundamental/market-view/market-directions/2010-03-30.htmlThe political history of Europe since Bismarck’s unification of Germany in 1871 has been the struggle of the European nations to contain the military, political and economic might of Germany. Germany has fought three wars in two centuries, the Franco-Prussian in 1870, and the First and Second World Wars to prevent what its leaders perceived as the dangers inherent in its central strategic position between France on the West and Russia on the East. The desperate desire of the continent's leadersTue, 30 Mar 2010 19:42:23 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxsol.com (FX Solutions)http://www.fxstreet.com/fundamental/market-view/market-directions/2010-03-30.htmlhttp://www.fxstreet.com/fundamental/market-view/market-directions/2010-03-04.html‘May you live in interesting times’. The purported Chinese curse which is not Chinese at all and can be cited no further back than 1950 to British science fiction author Eric Frank Russell, is a perfect distillation of the past two years. Interesting times, historic times. The collapse of Lehman, the rushed sales of Bear Stearns and Merrill Lynch, Bank of America, TARP and the 2008 financial panic will be analyzed for years. But surprisingly these dramatic events have not left traders,Thu, 04 Mar 2010 09:44:01 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxsol.com (FX Solutions)http://www.fxstreet.com/fundamental/market-view/market-directions/2010-03-04.htmlhttp://www.fxstreet.com/fundamental/market-view/market-directions/2010-02-25.htmlThe Federal Reserve 25 basis point increase in the discount rate last Thursday to 0.75% was not a market moving event. Bond and mortgage rates were unaffected and banks whose Fed borrowing is directly subject to it hardly noticed; primarily because none of them are borrowing from the Fed. If there is no effect why do it? Historically the discount rate has been about 1% over the federal funds rate; essentially it is a penalty charge for a bank’s inability to access the private money markets.Thu, 25 Feb 2010 08:41:08 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxsol.com (FX Solutions)http://www.fxstreet.com/fundamental/market-view/market-directions/2010-02-25.htmlhttp://www.fxstreet.com/fundamental/market-view/market-directions/2010-02-10.htmlThe euro is just over a decade old. In its short existence it has been embraced by every level of the international currency markets. Central banks, national treasuries, sovereign funds and multi-national corporations store their wealth in the euro and trust the European Central Bank (ECB) to maintain value. Institutional and retail traders have made it the highest volume currency after the ubiquitous US Dollar. But the euro and its institutions have never been tested. Until recently the tenWed, 10 Feb 2010 08:18:35 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxsol.com (FX Solutions)http://www.fxstreet.com/fundamental/market-view/market-directions/2010-02-10.htmlhttp://www.fxstreet.com/fundamental/market-view/market-directions/2010-02-04.htmlInitial jobless claims for the January 30th week were well above expectations at 480,000 on predictions of 455,000. Long term unemployment in the January 15th week. Continuing claims 4.6 million, emergency claims 5.6322 million, extended claims 0.2228 million, total 10.455 million. Previous week was 10.2718 million and one week prior was the highest so far at 10.5265 million. The total number of people receiving some type of extended government unemployment benefits has averaged more than 10Thu, 04 Feb 2010 18:14:32 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxsol.com (FX Solutions)http://www.fxstreet.com/fundamental/market-view/market-directions/2010-02-04.htmlhttp://www.fxstreet.com/fundamental/market-view/market-directions/2010-02-02.html“We are cooperating with those who have more serious problems”, said Joaquin Almunia European Union Economic and Monetary Affairs Commissioner. “We are all in the same boat”. Truer words were never spoken. Sovereign debt is not a Greek problem, (though it is the Greek problem); it is not a European Monetary Union (EMU) problem. The explosion of deficit spending and debt is a European Union problem. Membership in the European Union, what used to be called the Common Market, is supposed toTue, 02 Feb 2010 16:37:15 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxsol.com (FX Solutions)http://www.fxstreet.com/fundamental/market-view/market-directions/2010-02-02.htmlhttp://www.fxstreet.com/fundamental/market-view/market-directions/2010-01-26.htmlTwo of the most cited economic indicators over the past year have been first time jobless claims and continuing jobless claims. Both have declined by a third since their respective peaks in the spring and summer of last year. In one five day period in March 2009 674,000 newly unemployed workers filed for compensation. By January 15th the number of new filers had fallen to 482,000. Continuing claims in June were 6.904 million, by the first week of January they had dropped to 4.617 million. FromTue, 26 Jan 2010 11:19:28 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxsol.com (FX Solutions)http://www.fxstreet.com/fundamental/market-view/market-directions/2010-01-26.htmlhttp://www.fxstreet.com/fundamental/market-view/market-directions/2010-01-21.htmlWill the European Monetary Union countries return to the budgetary discipline of the Stability and Growth Pact? Can they bring their future national finances into line with the treaty limits on deficits and debt? The 1997 Stability and Growth pact was based on the Maastricht Treaty and was the operational precursor to the euro launch in 1999. It will now join the Kellogg-Briand Pact, the Locarno Treaties and other international agreements that have attempted to control the natural inclinationsThu, 21 Jan 2010 11:15:08 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxsol.com (FX Solutions)http://www.fxstreet.com/fundamental/market-view/market-directions/2010-01-21.htmlhttp://www.fxstreet.com/fundamental/market-view/market-directions/2010-01-13.htmlObscured in the gloom of Friday’s Non Farm Payrolls was an even more downbeat assessment of the state of the United States economy. The American consumer remains in recession. This critical judgment comes directly from America’s households. Consumer credit contracted by $17.5 billon in November. That is the tenth straight month that Americans have decided to pay down debt and it is the longest negative run in the 66 year history of the series. Not only did consumers choose repayment overWed, 13 Jan 2010 08:53:22 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxsol.com (FX Solutions)http://www.fxstreet.com/fundamental/market-view/market-directions/2010-01-13.htmlhttp://www.fxstreet.com/fundamental/market-view/market-directions/2010-01-07.htmlThere is a modest recovery underway in the American economy. The Federal Reserve can no longer avoid the looming choice on interest rates and the money supply. Since the sub-prime crisis began Chairman Bernanke has been the consistent champion of monetary easing. Under his leadership, the Federal Open Market Committee (FOMC) began cutting the Fed Funds target in the fall of 2007, more than two years ago. This was long before the housing collapse had mushroomed into the banking crisis, theThu, 07 Jan 2010 15:58:13 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxsol.com (FX Solutions)http://www.fxstreet.com/fundamental/market-view/market-directions/2010-01-07.htmlhttp://www.fxstreet.com/fundamental/market-view/market-directions/2009-12-30.htmlPay attention to the bond market. The ten year Treasury closed at 3.80% on Friday. It has gained 0.65% since November 27th. The yield curve difference between the two and ten year Treasury notes is the steepest on record. Thirty year fixed mortgages were 5.28% on Friday, up 0.32% in a month; six months ago the rate was 5.51%, a year ago 5.36%. A fifteen year historical average for a thirty year fixed home mortgage is close to 7.0% The Treasury market has responded to the improving US economicWed, 30 Dec 2009 08:28:55 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxsol.com (FX Solutions)http://www.fxstreet.com/fundamental/market-view/market-directions/2009-12-30.htmlhttp://www.fxstreet.com/fundamental/market-view/market-directions/2009-12-22.htmlThe dollar had an excellent week, its best since January. The US currency rose 2% or more against every major currency except the Canadian Dollar; against the loonie it gained a mere 1.7%. Several factors sent the dollar soaring: end of the year profit taking and position squaring; sovereign debt concerns in the European Monetary Union (EMU); further improvement in the American economy; and perhaps a Federal Reserve contemplating the withdrawal of crisis support for the credit markets. All ofTue, 22 Dec 2009 10:49:53 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxsol.com (FX Solutions)http://www.fxstreet.com/fundamental/market-view/market-directions/2009-12-22.htmlhttp://www.fxstreet.com/fundamental/market-view/market-directions/2009-12-21.htmlThe Non Farm Payrolls (NFP) is the most influential American economic statistic. In tracking the formation and destruction of employment in the United States the NFP provides a reliable view of the future course of the economy. If the United States cannot generate jobs to replace the more than seven million lost since the beginning of the recession then no predictions based on returning consumer spending will be accurate. If the consumer economy does not revive, there will be no real economicMon, 21 Dec 2009 08:12:05 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxsol.com (FX Solutions)http://www.fxstreet.com/fundamental/market-view/market-directions/2009-12-21.htmlhttp://www.fxstreet.com/fundamental/market-view/market-directions/2009-12-10.htmlWere Non Farm Payrolls an early holiday present for dollar bulls? Was it a classic case of the opposition between rumor and fact? Or have the markets given a sign that the economic illogic of the past months is coming to an end? Whatever the reason for the dollar rally, the question is did the payrolls occasion price reversals in three important markets, currencies, gold and Treasuries, or was the entire event just an excellent opportunity for some seasonal profit taking? In the currencies theThu, 10 Dec 2009 08:03:27 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxsol.com (FX Solutions)http://www.fxstreet.com/fundamental/market-view/market-directions/2009-12-10.htmlhttp://www.fxstreet.com/fundamental/market-view/market-directions/2009-11-17.htmlPresident Obama’s trip to Asia is one part introduction, one part diplomatic dialogue and eight parts competitive economics. Whatever understandings are reached with leaders of Japan, South Korean or the Asia-Pacific Economic Cooperation Conference (APEC) in Singapore, it is the visit to Beijing that matters. The American President would like China’s cooperation on the Iranian and North Korean nuclear programs, a more flexible currency policy for the yuan, open trade and continued ChineseTue, 17 Nov 2009 08:20:07 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxsol.com (FX Solutions)http://www.fxstreet.com/fundamental/market-view/market-directions/2009-11-17.htmlhttp://www.fxstreet.com/fundamental/market-view/market-directions/2009-11-11.htmlThe Peninsula Hotel in Beijing has far more staff than its counterpart in New York. Squads of doormen hail cabs, busboys compete for baggage, water glasses are filled in the restaurant without asking. In the department stores nearby dozens of sales clerks idly rearrange merchandise and getting there is simple, Beijing may be the easiest major city in which to find a cab. Service positions are more than plentiful in the Chinese capital. Which raises a question about Chinese business, does itWed, 11 Nov 2009 08:22:25 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxsol.com (FX Solutions)http://www.fxstreet.com/fundamental/market-view/market-directions/2009-11-11.html