Why is it that the Irish must take upon themselves the debts of their banks, which in reality are debts owed to German and French banks? Why should the Germans bail out the Greeks and the Spanish?

Want to know what is the greatest enemy of most traders?

The financial system is based on fraud?

The dollar has seen a dramatic reversal of fortunes this past week -- and this shift in performance accurately represents the reversal of fundamentals that initially lead the currency to its remarkable gains.

The euro rallied sharply against the dollar after several weeks of sharp declines, bringing a much needed correction amidst seemingly unidirectional moves in currency markets.

US Treasury bond yields remain the top driver of Japanese yen price action, with the inverse correlation between a trade-weighted index of the currency’s average value against its top counterparts.

The British pound pushed higher against the greenback this week, but the advance may be short-lived as the outlook for Great Britain points to losses.

The Canadian dollar re-tested parity as emerging solutions for the credit crisis in Europe and strong manufacturing data in China and the U.S. fueled risk appetite.

The Fed is now bailing out the whole world! But who will bail out the Fed?

World financial authorities have a number of balls in the air.  Gold market investors are betting that the authorities are going to drop one of these balls.