The Economist just released its an updated iteration of its famous Big Mac Index, underscoring growing disparities in currency valuations. For those of you that arent familiar, the Big Mac Index uses the price of a McDonalds Big Mac sandwich in different countries as a proxy for measuring purchasing power parity (ppp), that perennial staple […]
Action Insight | Written by ActionForex.com | Jul 20 07 15:48 GMT |
Forex Mid-Day Technical Report Dollar Tumbles, Yen Rebounds on Renewed Subprime Concerns
Dollar is sold off across the board in US session as worries on subprime mortgages return to be the focus of the markets in a day no key economic data […]
Action Insight | Written by ActionForex.com | Jul 20 07 08:39 GMT |
Forex Daily Technical Report Sterling Lifted Mildly by Stronger than Expected Q2 GDP
Sterling is lifted mildly after stronger than expected Q2 GDP report which shows 0.8% qoq, 3.0% yoy growth, comparing to expectation of 0.7% qoq, 2.9%yoy. Also released in European […]
Action Insight | Written by ActionForex.com | Jul 19 07 14:03 GMT |
Forex Mid-Day Technical Report Dollar in Tight Range, Sterling Softer
Dollar remains in tight range against Euro in early US session. Bernanke is having his second part of semi-annual testimony today. The prepared speech is identical to that given yesterday. The main […]
Action Insight | Written by ActionForex.com | Jul 19 07 07:48 GMT |
Forex Daily Technical Report Dollar in Tight Range ahead of Bernanke Testimony II & FOMC Minutes
Dollar continues to trade in tight range against majors as markets digested Bernanke’s testimony. Regarding inflation, Bernanke echoed latest minutes that inflation show sign of sustained […]