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FXCommentary

Death of the Celtic Tiger
by Scott Boyd - January 6th, 2009

Ireland is no stranger to hard times. From the potato famine to the “troubles” between the English and the nationalists, it seems the economy was too often just an afterthought. But for two magical decades, Ireland set aside these distractions and from this period of calm, grew a true economic powerhouse - the Celtic Tiger - rivalling the rest of Europe in terms of economic growth and individual wealth. more >

Managing Economies in an Era of Low Interest Rates
by Scott Boyd - December 5th, 2008

When it comes to understanding the options available to a central bank for managing an economy where interest rates are very low, U.S. Federal Reserve Chairman Ben Bernanke wrote the book – well, a presentation paper actually, and, technically, he co-authored it, but no matter. more >

NAFTA Revisited May Now Be NAFTA Delayed
by Scott Boyd - November 10th, 2008

As the battle for the Democratic nomination between Hillary Clinton and Barack Obama intensified in the months leading up to the election, both would-be candidates raised the renegotiation of the North American Free Trade Agreement (NAFTA) as essentially a fait accompli. more >

Auto Bailout Threatens to be Obama’s First Test
by Scott Boyd - November 10th, 2008

Immediately after winning last week’s election, President-Elect Barack Obama took great pains to let it be known that he would not be jumping into the maelstrom swirling in Washington until after his inauguration slated for January 20th. more >

Racing to the Bottom or Money For Nothing*
by Scott Boyd - November 10th, 2008

Despite the fact that news headlines for the last few weeks were dominated by the lead-up to the U.S. election and the election night itself, there were other newsworthy events going on in the world. more >

Is This The End of the Yen Carry Trade?
by Scott Boyd - November 7th, 2008

With the global economy worsening and on-track for a world-wide recession, we may be witnessing the end of the yen carry trade for the foreseeable future. more >

Commentary Archive

Recent Articles

TED Spread

The TED spread indicates the difference between the London Interbank Offered Rate (LIBOR) and short-term government debt in the form of three-month U.S. Treasury bills (T-bills). The TED spread is expressed in the form of basis points – for instance, if the three-month T-bill rate is 1.5 percent and the LIBOR rate is 1.0 percent, then the TED spread is 50 basis points. more >

Trailing Stop-Loss Orders

A trailing stop loss is a type of forex order that makes use of an automatically-adjusted stop-loss limit instruction. A stop-loss enables you to set a threshold to prevent continuing losses by closing an order once the exchange rate reaches the level you specify. more >

Introduction to Currency Trading Trading Currency Futures
Currency Market OverviewCurrency Futures
Understanding Margin-Based TradingFutures and Options Basics
Trading in the Currency Spot MarketHedging and Speculating with Futures
Calculating Trade ProfitCentral Banks
Economic IndicatorsMonetary Policy and the Role of the Central Bank
Gross Domestic Product (GDP)United States Federal Reserve
Consumer Price Index (CPI)Bank of England
Employment ReportsEuropean Central Bank
Interest RatesBank of Japan
Yield CurveBank of Canada
Producer Price Index (PPI)Swiss National Bank
Institute of Supply ManagementBank for International Settlement
Retail SalesEconomic Indicators by Country
Industrial Production IndexU.S. Indicators
Trade BalanceEU Indicators
Current AccountUK Indicators
 Japanese Indicators
 Canadian Indicators
 Australian Indicators
 New Zealand Indicators


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