The Labor Department released figures for initial claims for unemployment compensation. They are as uninspiring as ever and  rose to a seasonally adjusted 640,000, up from a revised 613,000 the previous week.  In another sign of labor market weakness, the number of people continuing to claim benefits rose to 6.13 million, setting a record for the 12th straight [...]

Few interesting Forex fundamentals hit the wires today. Not of primary importance, nonetheless worth noting. Japan reported first  annual trade deficit in 29 years for the 12 months through March. This is big news for a country almost absolutely dependent on exports. Shipments of both electronics and autos in March plunged 45.6 percent from a year [...]

Normally at this time of day I’m done trading. Close some trades, make phone calls, tie up loose ends and scribble something here. TV is turned on, but I mostly just listen to it. It is tuned to History Channel International right now, rather than CNN or CNBC. My head is bursting with financial news and [...]