About the Author
Justin Pugsley
Justin Pugsley is the forex and gold markets analyst for New Zealand-based trading platform provider MahiFX. He is a keen student of markets, economics and history. Prior to working with MahiFX, Justin worked for a number of leading media organisations such as Thomson-Reuters and Dow Jones/Wall Street Journal.
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By Justin Pugsley |
May 17, 2013
Central banks saved the world with unconventional monetary policies such as quantitative easing, which at the very least stopped the banking system from collapsing, but according to the IMF it's a policy that might be approaching its sell-by date.
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By Justin Pugsley |
May 9, 2013
There are growing signs that the Eurozone might be shifting away from its program of austerity. If that does prove to be the case, it is likely to be very supportive for risk currencies generally and risk assets such as commodities and equities.
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By Justin Pugsley |
May 1, 2013
Eurozone unemployment levels are hitting new records whilst inflation is softening and with much of the continent mired in an economic depression hopes are running high that the ECB will cut interest rates.
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By Justin Pugsley |
April 22, 2013
Quantitative easing does not equal competitive currency devaluations – at least that's the message the Group of 20 tried to convey at its April 18-19 gathering.
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By Justin Pugsley |
April 12, 2013
It is certainly looking like gold has lost its mojo. When a market no longer responds with higher prices to events that are normally seen as a positive, then it is generally a signal that a once bullish trend is over.
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By Justin Pugsley |
April 5, 2013
Forex markets were taken by surprise that the U.S. economy only created 88,000 jobs in March while a poll of analysts anticipated a number closer to 190,000. The U.S. dollar quickly sold-off, but could that be reversed quite soon?
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By Justin Pugsley |
March 26, 2013
The U.S. dollar increasingly looks like an island of tranquility surrounded by a sea of global instability and uncertainty with the Eurozone once again in turmoil and with concerns over Asia and the Middle East.
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By Justin Pugsley |
March 19, 2013
Measures being pursued by the Eurozone to force bank depositors in Cyprus to pay for the bailout of their country marks a new unfortunate twist in the financial crisis and one that ultimately could spell the doom of the euro itself.
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By Justin Pugsley |
March 13, 2013
U.S. and Japanese central bank quantitative easing programs are placing China between a rock and a hard place in which a revaluation of the Chinese yuan vs. the U.S. dollar may turn out to be the least bad solution.
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By Justin Pugsley |
March 8, 2013
Masaaki Shirakawa chaired his last monetary policy meeting this week as governor of the Bank of Japan. What follows now could be the next big leg down in the JPY exchange rate.
