Stagflation is a devilish mixture: one part slump, one part inflation, and one part who-knows-what. Of course, the feds are eager to put more inflation into the brew.

If the Rightmove house prices confirm the recent RICS survey which reported housing prices fell for the sixth straight month, there may be a continued selloff of the pound.

Lawrence G. McMillan reviews the options market in his weekly column for February 15.

The monetary system of planet earth, circa 2007, is simple. Arab nations export oil. Europe exports luxuries. Asia exports autos and gadgets. America exports dollars. Yes, dear reader, the buck gets around. It has more stamps in its passport than we do.

A stronger-than-expected reading of any of the retail sales reports could help initiate a break higher in the NZD/USD pair.

As near as we can remember, the lesson of the ‘70s was that monetary inflation doesn’t always work. At some point, adding more money and credit becomes counterproductive.

Inflation control will likely remain the RBA’s main focus in the near-term. As a result, a better-than-expected net employment change may help propel AUD/USD towards 0.9100.

Would you believe you can be both bullish and bearish at the same time, yet still make money?

War always produces surprises. And the battle between inflation and deflation is no exception.

If Wednesday’s data is released in line with expectations, the prospects of a neutral BOE policy stance and an increasingly dovish Federal Reserve could lead GBP/USD to continue to climb.