Forex trading online is a intresting way to trade en speculate at the foreign exchange market world wide. For more information about trading our blog listing here will help you to find intresting blogs about forex trading.
"The Swiss National Bank (SNB) will enforce its minimum rate of 1.2 Swiss francs per euro and is ready to buy unlimited amounts of foreign currency in any global interbank market?, said interim presid..."
"The Indian rupee fell victim to inflation and economic concerns, and there was serious worry for the BRIC economy facing major financial crisis, the rupee slumped to record a low of 54.29 against the..."
"Yesterday, Greek Finance Minister Evangelos Venizelos said the negotiations in Athens were “so tough that as soon as one chapter closes another opens”. The negotiations will continue today..."
"The central bank of Brazil bought dollars in the forex spot market today in order to hold down the soaring value of the real, the Brazilian currency. So far this year, the real has appreciated by 8.5..."
"This morning, central banks around the world released their latest reports on foreign exchange turnover. These numbers are for October 2011. FX trading volume declined in every part of the world exce..."
"
Joseph Stiglitz over at The Guardian writes three possible explanations for why the European Central Bank is pushing for a 50% voluntary cut, that will not be considered a “Credit Event”..."
"Yet another deadline has passed without resulting in an agreement on the terms for establishing a new rescue package for Greece. The 130 billion euro ($170 billion) in emergency funding earmarked for..."
"Australian retail sales unexpectedly declined in December, the first drop in six months, as consumers spent less at grocers and on dining out in an economy where employment growth stalled last year.
S..."
"The weekend of February 4-5 marks the astronomical midpoint of winter in the northern hemisphere. Despite unseasonably mild temperatures in the populated areas of Europe and North America, WTI c..."
"2012 hasn’t played out quite as expected. First, the euro debt crisis has been less intense than in late 2011 in response to s big infusion of three-year liquidity into the banking system..."
"ICAP the worlds largest inter dealer broker is expanding its FX product range on the popular EBS interbank trading platform. EBS is a leading cross asset FX trading platform covering major currwncies..."
"Dukascopy Fundamental Analysis
EUR
“[The euro] is probably going to retake the topside, but $1.34 is probably where it tops out”
- Westpac Banking Corp. (based on WSJ)
Despite pair?s rece..."
"The biggest fear this morning was not a rumor that China may ease their RRR or the imminent possibility of Cbank intervention in yen, nope, it was Deutche banks forex outage (it seems to have come wit..."
"The world?s largest central banks continue to follow a low interest rate policy first implemented to deal with the 2008 recession. The argument for adopting the record-low rate was that deep cuts to t..."
"Sterling higher in currency tradingPositive manufacturing data out of the UK is helping the pound today in forex trading. The news about manufacturing was better than expected, and this is helping the..."
Blog:
Global Forex BlogTidsstämpel: 2012-02-01 10:16
Taggar:
bank,
currencies,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
inflation,
market,
pound,
trading
"Malaysia’s Bank Negara (central bank) has announced new measures to further liberalize the growing South East Asian economy. The new measures mean that banks can now trade local currencies again..."
"It’s been already 8 months since the last of four Malaysian post-Great Recession interest rate hikes. The Monetary Policy Committee at Bank Negara Malaysia again left its overnight policy..."
"Analysts were not expecting another monetary tightening until next month, but the 7-person Monetary Board of the Central Bank of Colombia just announced a 25-basis point increase of its overnight benc..."
"Saxo Bank, through Saxo Capital Markets Australia or SCM Australia in short (I strongly recommend Saxo people to abandon the SCM abbreviation as some people may misread it) just announced the launch o..."
"Japan’s Core Consumer Price Index declined 0.1 % The figure came after Tokyo’s CPI 0.4% decline a month earlier. Coupled with a 1.2% drop in Retail Sales due to a strong yen that makes Jap..."
"Kenya’s central bank has made amendments to the laws governing the physical transfer of Foreign currency, the move means that individuals operating or linked to a bureau are obliged to work with..."
"On Wednesday, the Office for National Statistics (ONS) revealed that the UK economy contracted by 0.2 percent for the final quarter of 2011. Economists had predicted a slight increase of 0.1 percent f..."
"Aussie gains in currency tradingThe Aussie is rising today, thanks to newfound popularity with the Russians. The Russian central bank deputy minister announced that the Australian dollar will be used..."
Blog:
Global Forex BlogTidsstämpel: 2012-01-26 11:37
Taggar:
aussie,
bank,
currency,
currency trading,
dollar,
forex,
forex trading,
fx market,
gold,
market,
trading
"New Zealand’s 2.5% Official Cash Rate (OCR) has been retained. This continues to match the cyclical low maintained from April 2009 until June 2010. The OCR was raised by 25 basis poi..."
"Dukascopy Fundamental Analysis
EUR
Belgian business climate improved in January, but remained in the negative territory since May 2011. The business climate index added 1.1 point to minus 9.5 this mo..."
"Dukascopy Fundamental Analysis
EUR
“We consider that French banks will be able to maintain their lending activity in their core businesses”
- Standard & Poor?s
Standard & PoorR..."
"Officials at Magyar Nemzeti Bank had raised their key base rate by 50 basis points each on November 30 and December 20 and were expected to do such a third time at today’s first policy meeting o..."
"The monetary authorities at the Central Bank of the Republic of Turkey declined to change its policy stance, which had been tightened last October to prevent second-order effects from temporarily acce..."
"Monetary officials at the Reserve Bank of India cut their cash reserve requirement to 5.5% from 6.0% but left the key 7.5% reverse repo rate and 8.5% repo rate unchanged. This combination of mov..."
"Japan’s target overnight interest rate remains in a range of zero to 0.1% and the asset purchase plan’s size remains at JPY 55 trillion. The current interest rate has remained as suc..."
"No central bank was quicker than Israel’s in raising interest rates after the Great Recession. Having slashed such from 4.25% to 0.5% during the downturn, the Bank of Israel began the proc..."
"In an interview with a Canadian newscaster, Bank of Canada Governor Mark Carney said it will take several years for the U.S. economy to recover and even then, it is unlikely the American economy can e..."
"Policymakers at Mexico’s central bank last Friday decided to keep its key interest rate at 4.5%, the level since a cut in July 2009 culminated 375 basis points of easing implemented that year.&#..."
"by Jack Crooks
Saturday, January 21, 2012 at 7:30am
We’re constantly talking about how much help the euro zone needs to escape the economic mess they’ve created. So will the European Cent..."
"European banks are preparing for a potential worsening of the region’s sovereign and banking crisis, with many firms stockpiling cash and cutting back on loans to new clients as they seek to pro..."
"Two of the worlds leading custodian banks have seen a difficult end to 2011 as results show declines in profit and FX revenue. Surprisingly both banks have been under the regulators radar. Read more"
"Two of the worlds leading custodian banks have seen a difficult end to 2011 as results show declines in profit and FX revenue. Surprisingly both banks have been under the regulators radar. Read more"
"Two of the worlds leading custodian banks have seen a difficult end to 2011 as results show declines in profit and FX revenue. Surprisingly both banks have been under the regulators radar. Read more"
"Central bank interest rate policy meetings are scheduled next week in the United States, Japan, India, New Zealand, Malaysia, Turkey, Hungary, and Thailand. The FOMC announcement on Wednesday wi..."
"A statement from the South African Reserve Bank’s Monetary Policy Committee left its repurchase rate at 5.5%, as it had done at its six previous meetings. There has not yet been any rate h..."
"The Monetary Board at Bangko Sentral ng Pilipinas cut its key overnight borrowing and lending rates by 25 basis points to 4.25% and 6.25%, respectively. A statement from central bank officials f..."
"US dollar lower in currency tradingGold prices are slipping a bit in commodities trading. Normally, the fact that the euro is higher in forex trading would help support gold prices, but the issue of w..."
"Banks continue to borrow from the ECBRecently, the ECB announced a special borrowing program, allowing banks to borrow from the central bank for three years at special interest rates. The idea is help..."
"Copom, the policymaking committee of the Bank of Brazil, cut the Selic central bank interest rate by 50 basis points to 10.5%. This unanimously decided move follows similar half-percentage point..."
"On Wednesday, the World Bank revised its global growth projections to reflect the deteriorating debt situation in Europe. Comprised of over 180 member countries, the World Bank predicted last June tha..."
"Warning of an increased likelihood for a worsening of the Eurozone debt crisis, the World Bank today announced it was scaling back its earlier growth predictions for the largest economies. In its repo..."
"Dukascopy Fundamental Analysis
EUR
“We think the ECB could bring rates as low as 0.5 percent in March”
- Fabio Fois, an economist at Barclay’s Capital
Eurozone inflation eased more..."
"2011 saw record volumes traded with the likes of Hotspot and EBS, volatility helped volumes grow however the credit crunch put pressure on brokerages and we saw US based Interbank FX get taken over by..."
"2011 saw record volumes traded with the likes of Hotspot and EBS, volatility helped volumes grow however the credit crunch put pressure on brokerages and we saw US based Interbank FX get taken over by..."
"British Chancellor George Osborne told an audience during his trip to Asia that the UK Treasury wants to work with Hong Kong to serve as “a gateway for Asian banking and investment in EuropeR..."
"Plimus is one of the largest processing and affiliate networks on the internet. Plimus rivals Clickbank, the biggest affiliates processing network, in processing various e-commerc..."
"Plimus is one of the largest processing and affiliate networks on the internet. Plimus rivals Clickbank, the biggest affiliates processing network, in processing various e-commerce digital products li..."
"Plimus is one of the largest processing and affiliate networks on the internet. Plimus rivals Clickbank, the biggest affiliates processing network, in processing various e-commerce digital products li..."
"The third week of January kicks of with the Martin Luther King Holiday in the United States and includes central bank meetings in Canada and Mexico. Canada will publish its quarterly Monetary Po..."
"The euro area is in a recession that European Central Bank officials think and hope will prove much milder than the last one. However, growth risks are skewed substantially to the downside, and..."
"Dukascopy Fundamental Analysis
EUR
“According to some recent survey indicators, there are tentative signs of stabilization of economic activity at low levels”
- Mario Draghi, the ECB pres..."
"By Sam Mattera
Benzinga Guest Writer
On Thursday, the European Central Bank opted to keep its key interest rate unchanged at 1%. The EUR/USD pair rallied, breaking above $1.28 in early trading.
In a s..."
"EUR/USD jumped to the highest level this week today after European Central Bank kept its main interest rate unchanged at 1.0% (event A on the chart) and ECB Presiden..."
"By Associated Press,
GENEVA ? Swiss National Bank chief Philipp Hildebrand resigned Monday, acknowledging he could not prove his innocence amid a public uproar over his private currency deals.
Hil..."
"British monetary policy settings were not changed, nor were they expected to be. The Bank rate has been at 0.5%, since it was halved 34 months ago in March 2012. The ceiling on the asset p..."
"After months of controversy surrounding issues over foreign exchange transactions, BNY Mellon, the world's largest custody bank, is continuing to work toward a settlement as part..."
"The Sri Lankan repo rate of 7.0%, which was last reduced a year ago, has been retained for another month. That country’s Monetary Board implemented rate reductions from a mid-2009 high of..."
"Opinions are mixed over whether ECB policy will be eased for a third consecutive month in January, but the majority view, partly because there were some dissenters against the rate cut in December, lo..."
"Fitch Ratings said today that the European Central Bank must increase its debt buying to support Italy and prevent a “cataclysmic” collapse of the euro. Speaking at an investors event, Dav..."
"The New Year has begun and it is important to see what the market is pricing in for central banks this year. As you may know, central bank rate hike expectations change often but as of last week, mos..."
"French President Sarkozy and German Chancellor Merkel are holding talks today in Berlin. A fair number of European economic statistics were released. Governments in Spain, Italy, and Greec..."
"Next week begins with a Japanese closure for Coming of Age Day and ends with an early U.S. closure ahead of the Martin Luther King Day holiday. The ECB, Bank of England, Bank Indonesia, and Nati..."
"Big picture, the markets are torn between the recent run of better than expected US data which has raised expectations for the payrolls number this morning, and worries about the euro-zone debt and he..."
"Debt crisis concerns continue to weigh on the 17-nation currencyEuro continues to struggle in forex trading today as debt crisis concerns weigh on sentiment. Yesterday's failed French bond auction is..."
"Axel Merk & Kieran Osborne, CFA, Merk Funds
In 2012, policy makers around the world may be driven by the realization that the theme of 2011 was not a Euro-specific crisis, but simply another st..."
"Trust CFTC (and NFA) to kill any interesting initiative in the financial markets. Because if anything these political binaries are responsible for all the global financial problem..."
"The National Bank of Romania Board members have sliced the monetary policy reference rate to 5.75% from 6.0% but left reserve requirements unchanged. This second reduction following a similar 25..."
"Renewed concern for the European banking system has pushed the euro to a 16-month low against the dollar. At 9:21 am in New York, the Euro had fallen to $1.2805.
The move was triggered by an increase..."
"Fundamentals could not get the ball rolling, that was left to rumors of a ?larger? German bank requiring capital. Dollars and Yen continue to grind stronger allowing the EUR to print a 15-month low on..."
"Dukascopy Fundamental Analysis
EUR
“Euro-zone inflation has now passed its peak and is likely to fall further in the coming months”
- Nick Kounis, head of macro research at ABN Amro
Infla..."
"Dollar higher, though, as focus remains on the eurozoneThe US dollar is higher today, in spite of positive jobs data. Private payrolls indicate that hiring is on the rise in America, but disappointing..."
"Hi everyone. Did you know that as of September 2010, 56% of daily NYSE trading volume was due to the use of high-frequency trading systems. Automated trading systems are not just used in the stock ma..."
"Boston Technologies were just granted an official FSA license to its prime brokerage venture - Boston Prime. Boston's BT Prime serves as a prime brokerage for its clients plugging..."
"Euro in forex tradingYesterday, the euro ended above the 1.30 mark, gaining as general optimism took over. The story has changed now, and that optimism is disappearing, replaced, once again, by fears..."
"FX Junction is a relatively fresh entrant into the forex social space but it already made an impact by white labeling its service to Interbank FX - the first forex broker who leas..."
"Euro higher in forex trading anywayBanks continue to borrow heavily from the ECB's marginal lending facility. Monday night, banks borrowed 14.8 billion euros, and last Thursday, they borrowed 17.3 bil..."
"Most markets throughout the world will be closed Monday, January 2nd to observe the New Year’s holiday, and Japan stays closed on Tuesday as well. The Czech and Romanian central banks will..."
"Officials at the Central Bank of the Republic of China retained a 1.875% ten-day discount rate after the latest quarterly policy review. Note was made of the constraining effects of Europe’..."
"The European Central Bank has more room to cut interest rates to a record low early next year after reports showed the sovereign debt crisis is damping inflation pressures.
The rate of growth in M3 mo..."
"Dukascopy Fundamental Analysis
EUR
“The move [by the ECB] in itself will not lead to any improvement in [banks'] credit ratings”
- Scott Bugie, S&P’s Managing Director
S&P t..."
"The Russian refinancing rate was cut to 8.0% from 8.25% on Friday. 2011 had begun with the central bank in tightening mode when 25-bp increases in the benchmark interest rate were implemen..."
"Officials at Turkey?s central bank left all policy settings unchanged including the 5.75% one-week repo rate. A statement released today presents a mixed set of objectives and gives little clue..."
"EUR/USD was rising today, but later dropped sharply. The European Central Bank was providing loans today to support the eurozone economy, but the bank’s effort failed to ..."
"The two-week Czech repo rate, 0.75% since May 2010, has been left unchanged after the final policy meeting of 2011. The result was as expected. A statement on the central bank web site spe..."
"After meeting of five hours and 43 minutes over two day in its last scheduled policy vote of 2011, the Bank of Japan Policy Board decided unanimously (9-0) to keep the overnight uncollateralized money..."
"Eurozone banks have rushed to take out cheap three-year loans offered by the European Central Bank, borrowing 489bn euros ($643bn; £375bn). The central bank had originally hoped to lend up to 450bn eu..."
"US dollar gains on uncertaintyThe eurozone debt crisis appears to be spreading to other markets. Indeed, one of the fears was that the crisis would begin impacting wider markets. And, as eurozone lead..."
"Euro in currency tradingEuro is heading lower as area banks borrow more than expected from the European Central Bank. The ECB introduced a program to allow banks to take three-year loans in order to p..."
"By Sam Mattera
Benzinga Guest Writer
On Tuesday, the US dollar index declined roughly 1% as nearly all risk assets rallied. The Dow Jones Industrial Average gained over 250 points in early trading, wh..."
"Sweden’s repo rate has been reduced to 1.75% from 2.0% in a move that analysts anticipated. Seven previous rate increases of 25 basis points apiece had been implemented in June, September..."
"Dukascopy Fundamental Analysis
EUR
“The [Credit Agricole SA] losses are enormous”
- Jacques-Pascal Porta, fund manager at Ofi Gestion Privee
Credit Agricole SA, France?s second largest ba..."
"As we round out the year there are only a few currencies that investors are gravitating towards, and one of them is the yen. The Aussie seems to have become afflicted by its strong association with Ch..."
"The Bank of Japan’s monthly two-day policy meeting starts Tuesday. The final scheduled Board meeting of the calendar year is usually a quiet affair. Just twice in the last ten years..."
"For the week before Christmas, a fairly sizable number of economic data releases are scheduled. Plus there will be monetary policy meetings in Japan, Sweden, the Czech Republic, Russia, Poland..."
"As we round out the year there are only a few currencies that investors are gravitating towards, and one of them is the yen. The Aussie seems to have become afflicted by its strong association with Ch..."
"The Reserve Bank of India (RBI) left its monetary policy settings unchanged. The repo (lending) rate and reverse repo (borrowing) rate stayed at 8.5% and 7.5%, and the reserve requirement ratio..."
"Investors await with trepidation the continuing and still-uncontained European sovereign debt and banking crisis. ECB President Draghi maintains the view that the central bank has no silver bull..."
"Speaking about downside risks stemming from Europe and predicting that Colombian CPI inflation will fall below 4% this year on a December-over-December basis, the authorities at the Central Bank of th..."
"By Sam Mattera
Benzinga Guest Writer
On Thursday, in a survey released by the Bank of Japan, confidence among Japanese manufacturers fell more than anticipated.
Analysts had forecast a reading of nega..."
"The Swissie rose against the euro today when Swiss National Bank officials did not change the currency’s minimum exchange rate of 1.2 per euro following a scheduled quarterly review of monetary..."
"Italian Prime Minister Mario Monti supports putting the country’s planned austerity measures to a parliamentary confidence vote. The government has called for a ?30-billion ($39-billion U.S.) pa..."
"At the quarterly monetary policy review, the Swiss National Bank did not adopt a weaker franc/euro ceiling rate but instead retained the 1.2000 level, which has been policy since September 6. Th..."
"10,846 companies participated in the latest quarterly survey done by Japan’s central bank. In the table below which documents the evolution of results, abbreviations used in the first four..."
"Unlike their Brazilian counterparts, members of the Chilean Central Bank Policy Board have not yet cut their benchmark interest rate, which remains at 5.25% after the latest monthly meeting. Tha..."
"The Norges Bank overnight deposit rate has been sliced 50 basis points to 1.75%. After the prior meeting in mid-October, officials on the Executive Board had predicted no changes “for some..."
"Dukascopy Fundamental Analysis
EUR
On Tuesday Spanish central bank sold ?4.94 bn ($6.51 bn) of 12 and 18-month notes, more than the Treasury had intended to attract. Central bank sold ?3.44 bn 12 mon..."
"The euro fell to $1.310 by 2:30 pm in New York on Monday and continues to be assailed on two fronts. Investors clearly remain unmoved by the outcome of the weekend summit meeting and this has money le..."
"By Elliott Wave International
Is the bank really the safest place to keep your money? Robert Prechter joins the Mind of Money host Douglass Lodmell to discuss [...]..."
"EWI’s free EU debt report sheds some light on what’s in store
By Elliott Wave International
How many European bankers does it take to change a light bulb? That’s a..."
"This week was supposed to be an historic week for the EUR. It?s actually ending on a whimper. The ECB cut rates and delivered more significant measures to improve bank funding conditions. However, the..."
"Moody’s has downgraded the credit rating of three of France’s largest banks due to concerns that the banks have insufficient funds to cover their exposures to questionable sovereign debt..."
"With China’s Industrial Production Index falling to its slowest rate in two years, inflation has also declined coming in at 4.2 percent in November from 5.5 percent the previous month. The outlo..."
"There are central bank monetary policy meetings next week in the United States, Norway, and Switzerland. Featured data releases are Japan’s quarterly business “Tankan” survey..."
"EUR/USD slumped today as European Central Bank President Mario Draghi said that the central bank isn’t going to buy bonds to support the European economy. The ECB d..."
"The European Central Bank cut interest rates by a quarter of a point on Thursday to counter the twin threats of recession and deflation in the euro zone, and is expected to unveil fresh measures to he..."
"The Monetary Policy Committee launched a new GBP 75 billion round of long-term asset purchases in October 2011 that will not be completed until late January 2012. The 0.5% Bank Rate level since..."
"Peruvian monetary policy has been paused since May 2011 following ten hikes totaling 300 basis points squeezed into a 12-month period. A statement from the Central Reserve Bank of Peru contains..."
"Bank Indonesia’s reference interest rate was left at 6.0% after this month’s policy meeting. Such was reduced by 25 basis points in October and 50 bps last month, and it is now lower than..."
"Analysts are projecting a likely ECB rate cut at 12:45 GMT. Just in from the Bank of England is confirmation of no change in its monetary policy settings of a 0.5% Bank Rate and a GBP 275 billio..."
"Pound slips on risk aversionThe Bank of England is keeping interest rates steady. It made its announcement as the European Central Bank announced that it cut rates to 1%. Earlier, the pound retained t..."
Blog:
Global Forex BlogTidsstämpel: 2011-12-08 09:37
Taggar:
announcement,
bank,
currencies,
currency,
currency trading,
dollar,
forex,
forex trading,
market,
pound,
rate,
trading
"Bank of Korean monetary policy was left unchanged as expected. Five previous rate hikes of 25 basis points apiece were implemented, but none of these came after June. A new statement on th..."
"The Bank of England is currently engaged in a new round of quantitative easing, GBP 75 billion in size launched at the October monthly meeting of the Monetary Policy Committee and not set to be comple..."
"At the Narodowy Bank, the Monetary Policy Council decided to leave its reference interest rate unchanged for the fifth straight meeting. A 25-basis point hike in early June to 4.5% culminated a..."
"Sedlabanki’s benchmark seven-day collateralized lending rate was left at 4.75%. Two 25-basis point increases were implemented after policy meetings on May 17 and November 2, while fifteen..."
"Governor Carney did what was expected and kept Canadian rates on hold (+1%) this morning. The accompanying statement was a tad surprising, less dovish than expected. The fact that the Bank mentioned t..."
"Canada shares some similarities with Australia. Both are commodity-intensive advanced economies. The Canadian and Australian dollars are each historically high, points made in today’..."
"Loonie surges as Bank of Canada leaves ratesThe Bank of Canada has announced that it is leaving its interest rate unchanged. The news is giving a boost to the loonie in currency trading, especially ag..."
Blog:
Global Forex BlogTidsstämpel: 2011-12-06 10:44
Taggar:
bank,
currency,
currency trading,
dollar,
economy,
forex,
forex market,
forex trade,
loonie,
market,
oil,
rate,
trading
"UK pound lower in forex tradingThe sovereign debt crisis in Europe continues to color almost everything going on with financial markets around the world. As a result, it isn't very surprising that Bri..."
Blog:
Global Forex BlogTidsstämpel: 2011-12-06 10:20
Taggar:
bank,
currency,
currency trading,
dollar,
economy,
financial,
forex,
forex trading,
market,
pound,
trading
"In response to pressure from Wall Street, the White House and central banks in Europe, the Federal Reserve last week drastically cut interest rates for currency swaps to benefit troubled European ban..."
"The overnight Mexican interbank rate was kept at 4.5% after last Friday’s central bank monetary policy meeting. That’s been its level since 375 basis points of reduction were impleme..."
"This is the week of reckoning for the EUR along with a few central bank decisions thrown into the mix. Will the market follow through and build on its appreciation for risk now that we are getting som..."
"Markets have been trying to add risk as the hangover effect from central bank actions earlier in the week remains. However, it’s a rather tenuous relationship with next weeks Euro-event risk on..."
"The BoJ and PBoC did their bit and helped take some heat off a burdened Euro financial system. Japan took part directly in coordinated actions to provide liquidity support to the global financial syst..."
"Dukascopy Fundamental Analysis
EUR
“A new fiscal compact would be the most important signal from euro area governments”
- Mario Draghi, head of the ECB
The new head of the European Centra..."
"Share prices fell 1.0% in China and posted a fourth consecutive weekly decline. Equities elsewhere advanced 2.2% in India, 1.4% in Australia, 1.0% in Thailand, 0.5% in Japan and so far show stro..."
"Greenback in currency tradingThe US dollar is dropping in forex trading as the labor market shows improvement. The latest payrolls data for November shows an increase of 120,000 jobs. The news represe..."
Blog:
Global Forex BlogTidsstämpel: 2011-12-02 09:42
Taggar:
bank,
currencies,
currency,
currency trading,
dollar,
economy,
forex,
forex trade,
forex trading,
market,
trading
"The coming week is packed full with events and data releases, culminating in the summit of EU leaders on the 9th. Central bank interest rate policy meetings are scheduled in New Zealand, Austral..."
"Dukascopy Fundamental Analysis
EUR
French and Spanish bonds extended gains on Thursday’s auction as six central banks cut dollar borrowing costs creating additional funds while China eased its..."
"EUR/USD extended its rally after the yesterday’s surge on the announcement of the joint action of the major central banks to make dollars cheaper in ..."
"Investors now see yesterday’s concerted central bank actions as the non-panacea that it was. ECB President Draghi called the move a “limited action” to ensure that monetary pol..."
"When one trades close to the ?core? of negativity for such a long period it?s not impossible to be a tad cynical with some of yesterdays moves, being month-end and all. November was the month to own t..."
"At 13:30 GMT, the European Central Bank, Federal Reserve Bank, Bank of England, Swiss National Bank, Bank of Japan, and Bank of Canada simultaneously posted statements on their web sites announcing ne..."
"The one-day RP key central bank benchmark rate in Thailand has been cut by 25 basis points to 3.25% in a 5-2 vote with two policymakers who favored a reduction of 50 basis points. Officials cons..."
"EUR/USD surged today after the Federal Reserve and five other banks of developed nations announced their agreement to cut interest rates on dollar liquidity swaps. (Event A..."
"Many of the world’s leading central banks have signed-on to a coordinated effort to help protect the global economy from a worsening European debt crisis. The US Federal Reserve, the European Ce..."
"The People’s Bank of China implemented the first reserve ratio reduction, effective December 5, since 2008, cutting the ratio for largest banks by 50 basis points to 21.0%. Such came after..."
"Greenback in currency tradingThe US dollar has plummeted in forex trading on the currency market today, following a coordinated effort by some of the world's major central banks to increase liquidity..."
"Aussie surges on Chinese decisionWhile the rest of the world was focusing on the major central banks' decision to increase dollar liquidity through swaps, China was quietly cutting its reserve require..."
Blog:
Global Forex BlogTidsstämpel: 2011-11-30 09:18
Taggar:
aussie,
bank,
currencies,
currency,
dollar,
forex,
forex trading,
gold,
market,
point,
trading
"Central banks tend to cut interest rates faster than they raise them, and Brazil’s committee of policymakers known as COPOM is no exception. During a six-month period from January 2009 to..."
"A diversity of opinion had preceded today’s meeting of policymakers on the Monetary Council of the Magyar Nemzeti Bank, and the decision to raise the two-week deposit rate to 6.5% from 6.0% matc..."
"Dukascopy Fundamental Analysis
EUR
On Monday trade German DAX 30 index advanced rapidly on growing investors’ confidence that German and French politicians have agreed on a new stability treaty..."
"The Bank of Israel reduced its key interest rate by 25 basis points for the second time since September 26th. Starting in August 2009 from a recessionary base of 0.50%, the rate had been raised..."
"Dukascopy Fundamental Analysis
EUR
“Today’s financial problems reflect public budget policies of past years”
- Ignazio Visco, Governor at the Bank of Italy
Italian borrowing costs r..."
"Apparently major banks and broker dealers are already preparing themselves for the Greek withdrawal from Eurozone and a return to Greek Drachma scenario as according to multiple r..."
"Central Bank meetings will be held next week in Mexico, The Philippines, and Brazil. There is a meeting of EU finance ministers on Wednesday, and purchasing manager manufacturing survey results..."
"For two days, German policy makers tried to explain away the disastrous bid-to-cover ratio of their Benchmark 10-year offering blaming the low level of yields and market uncertainty. Germany, the at..."
"Central Banks are thinking outside the box this week, with one aim in mind, and that’s to cheapen their own currency. Unless of course you happen to be in the emerging market category. This morn..."
"It seems infographics are becoming very popular with forex brokers who'd like to enlighten traders about certain aspects of the forex market. We've had those from Pepperstone, IBF..."
"Dukascopy Fundamental Analysis
EUR
On Thursday German DAX 30 index managed to interrupt 8-day losses and edged up 1.5% to 5,543.91 as Ifo reported higher-than-expected business confidence index. Germ..."
"Vietnam?s central bank has imposed stiff penalties on two companies and a university in Hanoi for violating regulations on U.S. dollar trading and illegally listing prices in the..."
"360T is an institutional multi-product platform provider. For Spot FX trading products 360T caters mostly to banks, broker dealers and others. For years 360T was just one of the s..."
"By Daniel James Hayden IV
The amount of funds that European banks sought from the European Central Bank (ECB) climbed on Tuesday to the highest level since April 2009.
The European Central Bank report..."
"As evidenced by the poor showing for German bonds at today?s Bundesbank bond offering, it is obvious for all to see that the debt contagion tide is now threatening Germany?s coastline.
Of the 6 billi..."
"Officials at the Central Bank of the Republic of Turkey retained a 5.75% one-week repo rate. That key benchmark of monetary policy was reduced by 1,175 basis points in the year between November..."
"German bund yields shot up 14 basis points following a technically undersubscribed auction. A result of such was to reduce peripheral bond spreads, but their long-term interest rate levels in th..."
"There are signs that the long string of depressing news from the Eurozone is starting to have an effect on the region’s main economy. A sale of German bonds earlier today was marred by weak dema..."
"Dukascopy Fundamental Analysis
EUR
“[Spanish] borrowing costs are at eye-popping levels”
- Jo Tomkins, a strategist at 4Cast consultancy
Yields on Spanish government bonds rose to record..."
"Canadian retail sales rose twice as fast as economists forecast in September on purchases of new trucks and higher gasoline prices. Sales grew 1 percent to a seasonally adjusted C$38.2 billion ($36.8..."
"The Financial Services and Markets Authority (FSMA) warns against the activities of UFX Bank, which is offering investment services to Belgian residents and improperly presents it..."
"Thursday?s stock market sell-off can be traced directly to a statement released by Fitch Ratings. In this statement, Fitch declared that the U.S. bank exposure to precarious European debt posed a ?ser..."
"Dukascopy Fundamental Analysis
EUR
The incapability of European officials to stop debt crisis has reintroduced Franco-German clash over the role of European Central Bank as well as increased investor..."
"Dukascopy Fundamental Analysis
EUR
The incapability of European officials to stop debt crisis has reintroduced Franco-German clash over the role of European Central Bank as well as increased investor..."
"MSN Trader was an ambitious and an out of the box project co-launched by Microsoft and Saxo Bank exactly a year ago. Basically Microsoft became Saxo Bank's White Label and was off..."
"Dukascopy Fundamental Analysis
EUR
“The ECB’s role is to ensure the stability of the euro?”
- Valerie Pecresse, French government spokeswoman
Germany and France, two key economies o..."
"The announcement of the Tradestation - IBFX acquisition deal obviously generated much interest and discussions in the industry. Main question was whether indeed the price was a me..."
"What's next for the euro in forex tradingThe euro is higher against the US dollar today, but that situation is likely to be temporary, considering that the eurozone still hasn't managed to find l..."
"Next week will be holiday-shortened, with Japan closed Wednesday for Labor Thanksgiving and the United States shut Thursday for Thanksgiving. The Federal Reserve, Bank of Japan and Bank of Engla..."
"Having presented a unified front through much of the ongoing European debt crisis, the recent intervention by the European Central Bank in the sovereign bond markets has led to a major disagreement be..."
"The global economic situation is becoming more dire every day. Approximately half of all US banks have significant exposure to the debt crisis in Europe. Much more dangerous for the US taxpayer i..."
"U.S. banks face a ?serious risk? that their creditworthiness will deteriorate if Europe?s debt crisis deepens and spreads beyond the five most-troubled nations, Fitch Ratings said.
?Unless the euro zo..."
"Dukascopy Technical Analysis
EUR/USD
“Unless the euro zone debt crisis is resolved in a timely and orderly manner, the broad credit outlook for the U.S. banking industry could worsen”
- ..."
"The striking thing about today’s report is not that lower paths for growth and inflation are projected now than in the August Report but how much more bearish in the intervening three months...."
"The Bank of Japan issued a more somber economic assessment, flagging near-term depressants due to slower global growth, the yen’s appreciation, and the flooding in Thailand. However, today..."
"Less than a week after replacing George Papandreou, interim Prime Minister Lucas Papademos faces a confidence vote in the Greek Parliament. Papademos is expected to easily pass the vote as he currentl..."
"Sri Lankan inflation dropped to 5.1% in October from 6.4% in September and a peak in mid-2008 of 28.2%. Nonetheless, officials at the Central Bank of Sri Lanka voted to retain a 7.0% repo rate a..."
"Couple of months ago I published that Gain Capital is about to acquire Interbank FX after several rounds of discussions with potential investors. In that round Gain remained as th..."
"Political progress in Europe has seemingly stalled. Italy’s next premier, Mario Monti, is facing resistance on forming a cabinet. Along with Greek opposition leader, Samaras, who has reportedly..."
"The Central Bank of Chile is better positioned than most central banks to handle a new downturn in global activity should the euro debt crisis evolve into such. That is because Chile’s cen..."
"This is a big weekend in Rome, and with a partial US and Canadian holiday, it?s not surprising to see short covering taking place going into the weekend. However, this weeks trading headache may reapp..."
"Bank Negara Malaysia had already made four rate increases, each of 25 basis points, in March, May, July of 2010 and May of this year, but policy has been paused for the past six months. The fina..."
"The seven-day repo rate was left at 3.25% for the fifth time in a row. Five previous rate increases of 25 basis points each were implemented in July and November of 2010 and January, March and J..."
"This decision takes into account the lower growth being recorded by some components of expenditure, as well as the intensification of international financial risks. Should these trends continue, the C..."
"Central banks hold policy meetings next week in Japan and Chile, while minutes from the November Australian central bank meeting will be released. The Bank of Japan monthly assessment arrives, t..."
"Indonesia’s reference central bank interest rate has been cut somewhat unexpectedly by 50 basis points to 6.0%. The rate was slashed by 300 basis points between December 2008 and August 20..."
"The nine-person Monetary Policy Committee, which in October raised the limit on its Asset Purchase Program to GBP 275 billion from GBP 200 billion, did not change such further and also left Britain..."
"After a couple of false starts and a whole lot of unnecessary uncertainty, Greece has finally named the interim Prime Minister that will replace George Papandreou. Lucas Papademos, who has served as b..."
"Sterling gains against U.S. dollar in forex tradingThe Bank of England has decided that current quantitative easing levels are adequate, and decided to continue holding the current ceiling. There are..."
"Officials at the Narodowy Bank decided to leave their seven-day reference interest rate at 4.5% as they had decided at the previous three policy meetings and as analysts were anticipating. Four..."
"It’s being reported that Lucas Papademos will be chosen to head up the Greek Unity government. With a doctorate in economics from MIT and prior experience as the Governor of the Bank of Gr..."
"G20 leaders are meeting in Cannes, France this weekend. Central bank policy meetings are scheduled during the week in Indonesia, Britain, South Korea, South Africa, Malaysia, and Poland. U.S. cl..."
"Bank of Canada Governor Mark Carney has been appointed by the G20 leaders to chair the Financial Stability Board. Carney will continue to serve as Bank of Canada governor. Carney spent 13 years as an..."
"Hmm, I just found out from the Forex Peace Army forum that MG Global (a very big broker) has just filed for bankruptcy this Monday. I totally missed this one.
“Chapter 11 bankruptcy is for reo..."
"EUR/USD advanced today after the European Central Bank surprised markets, reducing its main interest rate (event B on the chart), and Greek Prime Minister George Papandreou cancele..."
"The European Central Bank unexpectedly cut interest rates as Italian and Spanish borrowing costs soared after euro-area leaders raised the prospect of Greece exiting the monetary union.
ECB officials..."
"Today’s statement from the Federal Open Market Committee acknowledges that growth strengthened last quarter partly on a reversal of temporary factors. But the views are retained that the d..."
"The Sedlabanki’s seven-day collateralized rate has been increased by another 25 basis points to 4.75%. The first such move was implemented on August 17 and followed by a pause at the ensui..."
"Amid Europe’s faltering economic prognosis, a few central banks that had made post-Great Recession rate hikes have cut them, and many other central banks have paused. The National Bank of..."
"It seems that any scrap of market confidence is met with a low blow from the extreme. Papandreou’s Government has blindsided the financial markets by calling a referendum on a supposedly agreed..."
"This story just keeps getting 'better' - since yesterday's post about MF's possible sale, MF has declared bankruptcy and was trying to be bough by IB. However the deal doesn't see..."
"Forex trading with the sterlingThe U.K. pound is lower in currency trading on the FX market today as concerns about what's next for the eurozone boosts demand for the U.S. dollar. Sterling is also fac..."
Blog:
Global Forex BlogTidsstämpel: 2011-11-01 09:42
Taggar:
bank,
currencies,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
fx market,
market,
pound,
trading
"The Federal Reserve, European Central Bank and the Reserve Bank of Australia have monetary policy meetings scheduled this week and some investors expect these central banks to change monetary policy..."
"NEW YORK (Reuters) - Troubled brokerage MF Global Holdings Ltd was nearing a deal late on Sunday night to file for bankruptcy protection and sell assets to Interactive Brokers Gro..."
"Saxo Bank has just released a new tool allowing anyone to see the aggregated positions of its clients across 10 forex currency pairs. The tool shows the relative size of position..."
"Risk aversion on the currency marketU.S. dollar is heading higher in forex trading as risk aversion sets in. Indeed, forex traders are looking for safe haven right now, and the U.S. dollar looks a lik..."
Blog:
Global Forex BlogTidsstämpel: 2011-10-31 08:41
Taggar:
announcement,
bank,
currency,
dollar,
economy,
forex,
forex trade,
forex trading,
gold,
market,
trading
"Japanese yen in forex tradingThe Japanese yen is heading lower in forex trading on the currency market today, down as the Bank of Japan intervenes to halt a recent rise in the yen against its major co..."
"by Jack Crooks
Saturday, October 29, 2011 at 7:30am
Bank of Canada governor Mark Carney said the euro-zone crisis poses the biggest risk to Canada?s economy; and it could take years to fully play out..."
"The FOMC and ECB Governing Council both meet next week, each event offering the possibility but not certainty of new stimulus. Fed Chairman Bernanke will hold a post-meeting press conference, an..."
"In the final week of October, Euroland leaders at least managed to agree on something, but the substance of the agreement left virtually all analysts still very concerned about the region. A sig..."
"On a day that belonged to Europe, the Bank of Japan made some news of its own. The 0.0-0.1% target range for the overnight money rate was retained. Quantitative easing was expanded by another five tri..."
"After seven consecutive 25-basis point increases from June 2010 through July 2011, the Riksbank’s Executive Board left the repo rate at 2.0% after its September meeting and did the same today.&#..."
"US stocks are expected to follow the lead in Asia and Europe with significant gains likely following the announcement that a deal has been reached to address the on-going European debt crisis.
?Given..."
"The markets this morning have rallied on European policy ?clarity?. The EU Summit seems to have fulfilled market’s expectations. Euro leaders providing clarity on Greek PSI, guidance on how the..."
"As with decision-makers at other central banks, the uncertainty of the euro debt crisis remains the 500-pound gorilla in the room where New Zealand monetary authorities deliberate. It has dampen..."
"The October Report contains more detailed information than was included in Tuesday’s statement following a decision to leave the Bank of Canada’s overnight target rate unchanged at 1.0%, i..."
"A leaked report from the emergency meeting in Brussels today to formulate a plan to prevent the debt crisis spreading to other countries suggests the following items have been agreed upon:
European b..."
"Decision likely to wait until after eurozone outcomeThe Japanese yen is once again rising against the U.S. dollar in forex trading on the currency market. Safe haven investments, like the yen and gold..."
Blog:
Global Forex BlogTidsstämpel: 2011-10-26 10:12
Taggar:
bank,
currency,
dollar,
financial,
forex,
forex trading,
gold,
hedging,
investment,
market,
trading
"The Bank of Canada left its 1.0% overnight money target unchanged as expected and released a more dovish statement than it had in September and much more dovish remarks than provided in July. In..."
"The Canadian dollar gained on its U.S. counterpart on news that Canadian retail sales rose more than expected in August to gain 0.5 percent for the month. The Bank of Canada is also expected to hold i..."
"Some Key points in the Bank of Canada’s one page policy statement:
“Considerable Monetary Policy Stimulus” with rates at record low.
Economic momentum has slowed
Predicts bri..."
"Seven interest rate hikes so far in 2011 total 225 basis points and bring the levels of the repo (central bank lending) rate to 8.5% and of the reverse repo to 7.5%. The reserve requirement rati..."
"This current market movement is being fueled by ?perception and optimism? and financed by US corporate earnings and constructive news from Europe. The market recognizes that Europe has finally develop..."
"Sterling gains in currency tradingThe U.K. pound is heading higher in forex trading today, gaining after a bit of a reprieve earlier. After losing ground on economic concerns, the sterling is higher i..."
"Banking representatives are meeting with European Union officials to determine the scope of the losses they will be forced to accept under the terms of the Greek debt relief plan. Rumors have the EU i..."
"Risk edged higher over the weekend, but for how long? Market expects the Eurozone to announce significant measures Wednesday at bolstering the EU bailout fund. Some of this risk has been pared back th..."
"France and Germany appear to be at odds over how to best deal with the European debt crisis. French President Nicolas Sarkozy wants to see the European Central Bank provide itself provide more liquidi..."
"Central banks hold policy meetings next week in New Zealand, Canada, India, Sweden and Japan. The Bank of Japan will release new growth and inflation projections after its meeting. The Uni..."
"Turkish monetary authorities essentially did a mea culpa today, taking some responsibility for hurting inflation expectations and the lira with earlier policy actions. The Central Bank of the Republic..."
"The central bank in The Philippines left its key overnight borrowing rate at 4.5% and overnight lending rate at 6.5%. Reserve requirements were kept at current levels as well. A progressiv..."
"The Bank of Thailand had previously raised its policy interest rate by 25 basis points each in July 2010, August 2010, December 2010, January 2011, March 2011, April 2011, June 2011, July 2011, and Au..."
"The Bank of England and Governor Mervyn King face a desperate dilemma ? allow the economy to continue its downward path, or attempt to boost growth through further quantitative easing. The catch of co..."
"In another sign that binary option trading is one of the more interesting products out there GFT, one of world's largest forex brokers, now announced that it will start offering CFDs..."
"Established by top marketing and search forex executives in Cyprus Conversion Pros is the rising power in forex marketing agencies.Conversion Pros recently partnered with SpotOption..."
"Pound lower in forex tradingInflation numbers are in for Britain, and the news isn't pretty. It looks as though inflation is on the rise. The Bank of England has been trying to walk a fine line the la..."
"Not surprisingly, Europe’s largest banks are rejecting calls to take a rumored 50 percent haircut on Greek sovereign debt as part of a Eurozone debt relief program. The banks claim they had agre..."
"Amid mixed signals on resolving the EU debt crisis, investors are clinging to hope. Equities and commodities are higher, but the euro has softened. The G20 wants a resolution by October 23..."
"Euro lower in forex tradingThis past weekend, G20 finance ministers met to discuss what's next for the global economy. In particular, they discussed what could happen next with the eurozone sovereign..."
"The Bank of Mexico’s key interest rate was slashed during the Great Recession from 8.25% to 4.5% and has remained at that low since July 2009. A statement on the central bank’s web s..."
"G20 finance ministers will be meeting October 15 in Paris. Central bank interest rate meetings are scheduled in Turkey, Norway, Brazil and The Philippines. The Reserve Bank of Australia an..."
"The Central Bank of Chile released a guarded statement after policymakers left steady the 5.25% benchmark interest rate, Latin America’s third highest after Brazil and Argentina. Officials..."
" Interbank FX releases a Future of Algorithmic Trading infographic"
"Minutes of the September 6-7 Bank of Japan meeting show that several board members believe more monetary easing could be necessary. There is a growing worry that should the global economy continue to..."
"Presidential candidate Ron Paul blames the Federal Reserve for playing a major causal role in the 2007-08 financial crisis and ensuing weak recovery. Paul has been a critic of the U.S. central b..."
"Today, the Commission has presented a roadmap outlining the comprehensive response that is needed to
restore confidence in the Euro area and the European Union as a whole. This response is designed to..."
"With time running out to finalize the euro zone’s bailout fund, a plan by giant German insurer Allianz to turn the fund into a bond insurance program is gaining traction, the company’s top..."
"The Reserve bank of Australia believes that Forex (asset class) is a self regulated financial instrument and is functioning effectively.
This is in light of the recent BIS report on..."
"Eurozone looks for hope for sovereign debt containmentThe euro could still see more gains in forex trading on the currency market in the future. Even though Slovakia voted no on the bailout fund expan..."
Blog:
Global Forex BlogTidsstämpel: 2011-10-12 10:16
Taggar:
bank,
currency,
currency trading,
economy,
forex,
forex trade,
forex trading,
market,
rate,
spread,
trading
"Euro higher in currency tradingYesterday, Slovakia's much anticipated vote on the expansion of the EFSF threw another roadblock in the containment of the sovereign debt crisis in the eurozone. Slovaki..."
"Safe-haven buying drove US bond yields to the lowest level since 1950, and the dollar rose as the tumultuous summer of 2011 drew to a close with no solution in sight to the twin banking and debt crise..."
"The only rate increase of the current policy cycle, a 25-basis point hike last February, has been reversed to help “mitigate the impacts of declining global economic and financial performance on..."
"Greece and the “troika” consisting of the European Union, the European Central Bank, and the International Monetary Fund, announced that a deal had been reached to provide support for the..."
"French President Sarkozy and German Chancellor Merkel on Sunday announced an agreement to ensure sufficient capitalization of European banks. Although few details of the accord were released, markets..."
"17-nation currency's future still up for debateOnce again, many are asking what's next for the euro in forex trading. As high beta currencies get a bit of a boost today on the FX market, there are sti..."
"U.S. markets are closed Monday for Columbus Day, but China reopens for business after a full-week closure to commemorate the founding of the People’s Republic in 1949. Central bank interest rate..."
"So much for Central Banker optimism.
Bank of England governor Mervyn King made clear his frustrations in comments today after it was announced that the Bank of England would expand its quantitative ea..."
"On Wednesday, the Bank of Montreal released an advisory suggesting the Canadian dollar could fall to 93 cents U.S. within the next three to six months. According to BMO, the dollar will continue to d..."
"Markets have absorbed yesterday’s ECB and Bank of England policy announcements and now look ahead to the release of North American September employment data. Weak U.S. jobs numbers are ant..."
"The Central Reserve Bank of Peru did not change policy this month but served notice that it is watching global growth risks very carefully in a statement posted on its web site. The statem..."
"The Bank of Japan completes a two-day regular monthly monetary policy meeting Friday. These days monetary policy meetings everywhere have become more difficult to predict. Global headwinds..."
"In the final ECB Governing Council meeting to be led by the outgoing Jean-Claude Trichet, non-unanimous votes were taken to keep interest rates steady but to add “very important” non-stand..."
"The Bank of England?s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to increase the size of its asset purc..."
"Bits and pieces of a coordinated debt relief plan have started to become public with more detail expected as part of a European Central Bank press conference scheduled for later today. According to Eu..."
"The Monetary Policy Committee (MPC) didn’t wait for next month’s quarterly inflation report to react to a worsening economic outlook. While keeping the Bank Rate steady at its histor..."
"The Bank of England’s Monetary Policy Committee will reveal this month’s policy settings at 11:00 GMT on Thursday. In September, the vote to retain a 0.5% Bank Rate was unanimous (9-..."
"In testifying today before the Joint Economic Committee, the Fed Chairman made predictable remarks, indicating that the central bank has not exhausted possible steps to support the U.S. economy but st..."
"Markets are clearly responding very negatively to EU’s message that they’re reviewing private sector involvement in Greece’s second bailout. There are also additional concerns on co..."
"The Reserve Bank of Australia’s Policy Board meets monthly except in January. Policy had a tightening bias since the autumn of 2009. After the September 6th meeting this year, offici..."
"Greece teeters on the edge of defaultThe big question right now is this: What's next for the eurozone? Greece is on the edge of default -- again. Banks are hurrying to assure investors that they can a..."
"Speculation that the European Central Bank will be forced to slash interest rates has intensified in light of the most recent manufacturing data. The Markit Purchasing Manager?s Index (PMI) shows that..."
"Today is the first trading day of the month and quarter. Many national purchasing manager surveys were published, and the Bank of Japan’s corporate quarterly Tankan survey of business was..."
"10,910 companies participated in the latest quarterly survey done by Japan’s central bank. In the table below which documents the evolution of results, abbreviations used in the first four..."
"FXFlat is a very old European Forex broker; it was founded in 1997 and its description is now available on EarnForex.com. The broker is based and regulated in two co..."
"Next week begins a new U.S. federal government fiscal year, the final calendar quarter of 2011, and the second half of Japan’s fiscal year. Central banks in Australia, Euroland, the U.K...."
"The market expects the ECB to tackle the more immediate lending freeze and leave the major changes needed to the midterm. It remains to be seen which are the options the ECB presents to increase liqui..."
"An unexpected drop in incomes for the month of August resulted in consumers holding off on purchases. Following a 0.7 percent increase in consumer spending in July, spending for August was essentially..."
"For the second straight month, the Canadian economy recorded positive growth after an overall contraction for the 2nd quarter. According to Statistics Canada, growth for July matched expectations expa..."
"U.S. dollar higher on safe haven demandThe euro is heading lower in forex trading on the currency market today, losing ground as global economic fears take hold. News that China's growth is slowing ha..."
"The National Bank of Romania decided again to retain all monetary policy settings as they were. This has been the approach of other east European central banks during the euro debt crisis, and i..."
"Canada?s housing market continued to expand in July marking the eighth straight monthly price increase. According to the Teranet-National Bank House Price Index, across the country prices rose 1.3 per..."
"Sterling higher in forex tradingThe U.K. pound is gaining against the U.S. dollar in currency trading on the FX market today on expectations that the Bank of England will support the British economy..."
Blog:
Global Forex BlogTidsstämpel: 2011-09-28 10:23
Taggar:
bank,
currencies,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
fx market,
market,
pound,
trading
"The Bank of International Settlements has published a report on High Frequency Trading and its impact on the $4 trillion a day FX markets. Data was collated by representatives of maj..."
"Forex Magnates sources reveal that Gain Capital is about to seal the deal with Interbank FX. No information is yet known and neither company confirmed the information - naturally bec..."
"Stock markets are poised for another day of gains as Eurozone officials close in on a deal to protect European banks in the ongoing debt crisis. Gold prices also rose following a two-day sell-off that..."
"Euro rallies in forex trading on expectations for sovereign debt solutionThe euro is rallying today, heading higher against the U.S. dollar and drawing support from higher gold prices. The main driver..."
"The social media phenomena is continuing to make a presence across all indsutries including financial markets, with Facebook reaching around 500 million active users. Interbank FX on..."
"The Bank of Israel surprised analysts with its first announced benchmark interest rate cut since March 2009. In eight steps during the Great Recession, the key Israeli rate was slashed by 375 ba..."
"Weekend talks around the IMF/World Bank meetings in Washington failed to produce any dramatic action to stop Europe’s debt crisis. German Chancellor Merkel said a Greek default is possible..."
"It is not just the banks that are in danger of going under. It is entire economies. They are the ones in need of emergency cash to stay afloat. For some time we have been saying that Europe?s financi..."
"Central banks in Israel and Romania hold interest rate policy meetings in the final week of the third calendar quarter of 2011. A couple of EMU member parliaments will be voting on the EFSF reforms, n..."
"Greek Finance Minister Evangelos Venizelos was quoted in two newspapers stating that an “orderly” default was one possibility facing Greece. The Minister even laid out the possible structu..."
"Today is the first day of the semi-annual IMF/World Bank meetings in Washington. G20 finance ministers and central bankers released a statement overnight that promised a coordinated response to..."
"The market is taking a deep breath. It seems to be pinning its hopes on the G20 and IMF meetings to produce a policy response to the recent market panic. Already the G20 finance ministers’ commu..."
"Greenback in currency tradingThe U.S. dollar index is gathering steam again, preparing for another positive day. Even though the dollar forex trading forecast may call for some sideways movement..."
"Euro turns around, and heads lower in forex tradingGreek banks have been downgraded by Moody's as the sovereign debt crisis continues. In spite of pledges from European leaders, and from G20 leaders..."
"A shifting direction in Icelandic monetary policy had been signaled in a more hawkish statement from the Central Bank of Iceland in mid-June and acted upon with a 25-basis point increase on August 17..."
"This is one of the first acquisitions for FXDD who until now hasn't made many. Frontier FX's acquisition for FXDD is probably a way to quickly access an advanced multi-bank electroni..."
"As analysts anticipated, policymakers at the Magyar Nemzeti Bank left their two-week deposit rate at 6.0%. Conflicting forces stalemated their thinking. The growth outlook has worsened sub..."
"The Central Bank of the Republic of Turkey retained a 5.75% one-week repo rate and kept overnight lending and borrowing rates at 9% and 5%, respectively. During the Great Recession, Turkey’..."
"The week started on the back foot, carrying over of an imminent Greek default fear from the previous Friday. The Group of 7 came empty handed and left, promising nothing. The SNB did all the promising..."
"Interest rate policy meetings will be held next week at central banks in the United States, Norway and Czech Republic, and minutes from meetings earlier this month will be published by the Bank of Eng..."
"Central Bank Interest Rate Expectations can and do change based upon economic and market developments. The last time I provided updated CB expectations was in July (yes, I apologize for being tardy)..."
"Because of a darkening global macroeconomic outlook, many central banks have paused monetary policy regardless of their domestic circumstances. The Reserve Bank of India is not one of them. ..."
"US treasury secretary Timothy Geithner urged euro zone ministers to leverage their ?440 billion bailout fund and free more resources to tackle the debt crisis during a meeting today, a senior euro zon..."
"Spanish regions? debt burden surged to a record in the second quarter as administrations struggled to rein in spending amid a slump in tax revenue.
The 17 semi-autonomous regions? outstanding debt bur..."
"Central Banks in Switzerland, the euro area, and Japan have simultaneously posted notices on their web sites of a coordinated effort to undertake longer-term 84-day tenders of dollar liquidity, thereb..."
"At the regularly scheduled quarterly review of monetary policy, no further measures were unveiled, but Swiss central bank authorities tied the many actions announced since early August to a fresh thre..."
"It's about time - many will say. But those familiar with the situation know it wasn't easy. Forex Club is probably the only forex broker with Russian roots who wasn't offering the Ru..."
"EUR/USD rose today for the second day as the European Central Bank announced it will lend dollar to the bank of the Eurozone, reducing concerns about liquidity..."
"Although New Zealand’s economy has been performing better than many other economies lately, policymakers at the Reserve Bank of New Zealand decided as widely anticipated to leave the Official Ca..."
"Bank Rossii cut its minimum one-day repo rate to 5.25% from 5.5% and narrowed the differential between such and the one day overnight deposit rate to 3.0% by also increasing the latter to 3.25% from 3..."
"Over concern that the large exposure French banks have to Greece’s debt, Moody’s rating agency cut the credit rating of two of France’s largest banks. The ratings agency’s one-..."
"It appears that it is no longer a case of “if” the global economy will fall back into recession but “when” and according to some of Canada’s largest banks, it could be Ca..."
"Share prices recovered 1.5% in Germany, 1.4% in France, and 1.1% in Britain, aided by a smaller-than-expected one-notch downgrading of French banks by Moody’s. But regional news was not en..."
"WSJ continues its zealous coverage of the BNY Mellon investigation.
With Bank of New York Mellon Corp. under growing scrutiny by regulators for its trading practices on behalf of pen..."
"Greenback down across the board in forex tradingThe U.S. dollar is pulling back in forex trading on the currency market as the euro heads higher. Greenback is down pretty much across the board in curr..."
Blog:
Global Forex BlogTidsstämpel: 2011-09-14 09:21
Taggar:
bank,
currencies,
currency,
currency trading,
dollar,
forex,
forex trade,
forex trading,
market,
pound,
trading
"Euro heads higher in forex tradingThe European Central Bank, for the first time in a month, is using its dollar capital facility to shore up euro zone banks struggling under the weight of the continui..."
"EUR/USD rebounded today, receiving boost from French banks shares. Earlier the currency pair dropped as expectations of joint actions by Germany and France to resolve the..."
"On September 9, the Central Reserve Bank of Peru left its reference rate unchanged at 4.25% as had been done at previous meetings in June, July and August. However, a new statement on the Bank&#..."
"On August 31, the Central Bank of Brazil become the first to cut its key rate after extensive post-recession tightening. COPOM, the bank’s policymaking authority, had slashed its key Selic..."
"Merkel seems to burning the candle at both ends and doing everything in her power to prevent a Greek default. She is side stepping her own domestic supporters by moves of perception. Always be seen do..."
"Saxo Bank just announced that it will now allow offshore renminbi trading against the USD. Saxo thus is joining the likes of HSBC and BMO who already allow this type of trading. As w..."
"Renewed fears of Greece defaulting on its debt obligations has investors abandoning the euro for the safety of the less volatile yen. This activity has pushed the euro to the lowest level against the..."
"Last week ended on a sour note with the market being spooked by default provisioning talk. This morning the market continues to price in that Greek possibility. The G7 have done a lousy job in boostin..."
"The Swiss National Bank has announced a minimal level of the national currency (Swiss franc) relative to the euro almost a week ago. During these 4 and a h..."
"Central bank meetings are scheduled next week in Switzerland, India, and New Zealand. The Bank of Japan releases meeting minutes. The U.S. will be releasing many potentially market-moving data..."
"Australia:The Reserve Bank of Australia (RBA) kept rates on hold at +4.75% as widely expected. Reactions were muted with the AUD rates market pricing for RBA rate cuts over the next 12 months unchange..."
"All policy makers have been reading from the same dovish script this week. The general message from central banks is to turn more ‘cautious and neutral’ given the rapid slowing and stagna..."
"The euro fell below $1.37 this morning to match a six-month low on growing speculation that the European Central Bank will reduce interest rates in the face of declining growth.
?We?ve reached a turn..."
"EUR/USD posted a biggest drop in a month today as European Central Bank President Jean-Claude Trichet said that the ECB policy makers “expect the euro area economy..."
"The Monetary Policy Board had five times earlier hiked the key central bank rate by 25 basis points, doing such in July and November of 2010 and January, March and June of this year. While expre..."
"Indonesian monetary tightening has lagged the aggressive policy response of many other Asian central banks. Only one rate hike had been implemented, a 25 basis point increase of the key referenc..."
"On September 7, the Narodowy Bank left its key reference rate at 4.5% and released a statement indicating that four rate hikes earlier this year should be sufficient to return inflation to target of 2..."
"The Organization for Economic Cooperation and Development released a report today calling for central banks to ease monetary policy in light of revised global growth projections. The OECD now expects..."
"The Monetary Policy Committee was probably unanimous in voting not to change its 0.5% Bank Rate. A 9-0 vote last month was the first unanimous decision on the key central bank rate since May 201..."
"The dollar is 0.6% higher against the Swiss franc, which is trading at 1.2141 per euro. Swiss National Bank officials intend to unilaterally prevent the franc from strengthening past 1.2000/EUR..."
"The Bank of Canada left its overnight money target at 1.0%. That level, as well as a 1.25% Bank Rate and a 0.75% deposit rate, have been maintained for a year, following hikes of 25 basis points..."
"As you all probably know already, the Swiss National Bank (country’s central bank) has pegged the Swiss franc’s Forex rate to the euro at about 1.20. The ..."
"Yesterday’s announcement by the Swiss National Bank that it would seek to maintain the currency at 1.20 Swiss francs to the euro resulted in a decline of more than 8 percent for the franc. In re..."
"The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. The glo..."
"No aggressive currency trading easing measures -- yetYesterday, when the Swiss announced a peg to the euro in forex trading, many wondered if the Bank of Japan might announce similar easing measures..."
"The Policy Board as expected announced no further policy changes after this month?s meeting. The vote was unanimous. A statement released on the central bank web site projects a moderate r..."
"The current massive overvaluation of the Swiss franc poses an acute threat to the Swiss economy and carries the risk of a deflationary development. The Swiss National Bank (SNB) is therefore aiming fo..."
"Switzerland’s central bank stepped in to stop investors driving up the franc on Tuesday, sending the euro up nearly 9 percent and stifling a tentative European stock recovery from sharp losses a..."
"The Swiss central bank imposed a ceiling on the franc?s exchange rate for the first time in more than three decades and pledged to defend the target with the ?utmost determination.?
The Swiss National..."
"Stocks fell, Italian bonds dropped for an 11th day and the cost of government and bank default insurance rose to records on concern Europe?s debt crisis will worsen. The euro weakened, while the dolla..."
"Currency trading on the FX marketThe euro continues to show weakness in forex trading on the currency market today. Even though U.S. stock markets are closed, other financial markets are open, and the..."
Blog:
Global Forex BlogTidsstämpel: 2011-09-05 11:06
Taggar:
bank,
currency,
currency trading,
dollar,
financial,
forex,
forex trading,
fx market,
gold,
market,
trading
"While the U.S. data release calendar is comparatively light, other economies will be releasing a considerable number of indicators in the coming week. In addition, central bank policy meetings a..."
"The Swiss franc declined 0.6 percent to 82.09 centimes to the U.S. dollar in mid-day trading in London today. The pullback is based largely on speculation the Swiss National Bank will continue its eff..."
"EUR/USD dropped today as the comments of European Central Bank President Jean-Claude Trichet yesterday made traders believe that the ECB is going to pause its interest rates h..."
"The euro declined in trading in Europe today on growing speculation that the European Central Bank has abandoned plans to raise interest rates until the economy improves. Yesterday, ECB President Jean..."
"Futures fund dealers certainly got the jump in the o/n session and have been happily sitting on their pre-sold positions. The EUR this morning remains choppy, susceptible to month-end flows from real..."
"17-nation currency retreats against the U.S. dollarYesterday, general risk appetite helped a number of high beta currencies on the FX market. Today, though, risk appears to have fled, and forex trader..."
Blog:
Global Forex BlogTidsstämpel: 2011-08-30 10:19
Taggar:
bank,
currencies,
currency,
dollar,
economy,
forex,
forex trade,
forex trading,
fx market,
gold,
market,
trading
"From a low of 0.5% prior to August 2009 when the Bank of Israel became the first central bank anywhere to tighten after the Great Recession, ten rate hikes had been implemented by May of this year...."
"To a complete newbie who’ve heard little about the global currency market, Forex might seem an over-complicated scientific-financial activity for some sorts of hack..."
"Sterling in forex tradingThe U.K. pound is putting up a fight in currency trading, determined to stay on top of the U.S. dollar. News in Europe, about an attempt to stem the Greek banking crisis by me..."
Blog:
Global Forex BlogTidsstämpel: 2011-08-29 08:58
Taggar:
bank,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
fx market,
gold,
market,
pound,
trading
"As expected, policymakers at the Bank of Mexico kept their benchmark interest rate at 4.5%. A released statement noted that The external environment deteriorated significantly in recent weeks; P..."
"Brazilian monetary policymakers will be meeting on August 30-31, and the release of FOMC minutes is scheduled for Tuesday. Also that day, Japanese lawmakers will vote on the successor to Prime M..."
"Hope has ebbed progressively all week that Federal Chairman will pre-announce a new monetary stimulus in his Jackson Hole speech Friday, just as he did exactly a year ago. Not only did central b..."
"Despite Euro-zone sovereign bonds continuing to be sold off, European Banks funding under stress with CDS at record highs, Greenspan believing that the common currency will break down, a plunge in the..."
"The Bank of Thailand raised the one-day bond repurchase rate to 3.5% from 3.25% as most analysts had predicted. From a cyclical low of 1.2% prior to mid-2010, rate increases of the same magnitud..."
"Yen in forex tradingJapan saw a downgrade in its credit rating, but the forex market barely registered it. Indeed, the yen is gaining in forex trading on the currency market. (Likely to the chagrin of..."
Blog:
Global Forex BlogTidsstämpel: 2011-08-24 10:27
Taggar:
announcement,
bank,
currency,
dollar,
forex,
forex market,
forex trade,
forex trading,
market,
point,
rate,
trading
"Business confidence slipping in GermanyBusiness confidence is slipping in Germany, as the Ifo decreased more than expected. However, the euro is still heading higher in forex trading on the currency m..."
"At an interim unscheduled meeting on August 4, policy makers at the Central Bank of the Republic of Turkey sliced their benchmark one-week repo rate by 50 basis points to 5.75% and narrowed the corrid..."
"Officials at the Magyar Nemzeti Bank left the two-week deposit rate at 6.0% for another month. This decision was widely expected. The interest rate benchmark has been held at that level fo..."
"U.S. dollar down across the board in currency tradingConcerns about the European economy have been holding the euro back in forex trading for some weeks now. However, the 17-nation currency received a..."
Blog:
Global Forex BlogTidsstämpel: 2011-08-23 09:06
Taggar:
bank,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
fx market,
gold,
market,
pound,
trading
"In the face of intensifying global uncertainties, officials at the Central Bank of Colombia retained a 4.5% key overnight interest rate. Most analysts were looking for a seventh consecutive mont..."
"U.S. dollar index down, along with franc and yenDue to global unrest in a number of areas, safe haven currencies like the Japanese yen and Swiss franc have been heading higher on the FX market. After..."
Blog:
Global Forex BlogTidsstämpel: 2011-08-22 09:50
Taggar:
bank,
currencies,
currency,
currency trading,
dollar,
economy,
forex,
forex trade,
forex trading,
fx market,
gold,
market,
pound,
trading
"The highlights of the coming week will be the Jackson Hole Central Banker Symposium starting Thursday and the release of revised U.S. and British GDP figures and preliminary Chinese and euro area purc..."
"On August 17, Sedlabanki’s Monetary Policy Committee authorized the first increase of its seven-day collateralized interest rate since an IMF-mandated three percentage point jump to 18% in late..."
"Realization of several downside risks indentified in the Bank?s July Monetary Policy Report(MPR):
European sovereign debt crisis has worsened
U.S. credit rating downgraded
Slowing growth in the U.S..."
"Citing a sharp decline in growth and an uncertain political climate, Citigroup Inc. and JPMorgan Chase & Co. both reduced their outlook for the U.S. economy for the remainder of the year and into..."
"Capital markets reached a tipping point yesterday, pushed over by Euro bank funding concerns and weaker US data. The market has been seeing red from the bourses ever since. In currencies, it has been..."
"Loonie higher in currency tradingThe Canadian dollar is finding some support in forex trading today, after some period of weakness on the currency market. Today's cautious foray into risk is benefitin..."
Blog:
Global Forex BlogTidsstämpel: 2011-08-19 10:16
Taggar:
bank,
cpi,
currency,
currency trading,
dollar,
economy,
forex,
forex trade,
forex trading,
inflation,
loonie,
market,
oil,
rate,
trading
"The Swiss franc fell 0.7 percent to the dollar and 0.4 percent to the euro by mid-day trading in London today. The franc’s decline is due to recent actions on the part of the Swiss National Bank..."
"The Swiss National Bank (SNB) provided 120 billion Swiss francs (US$152 billion) to the Swiss banking system to increase the currency supply in a bid to ease the rapidly climbing franc. The Swiss fran..."
"Now that the SNB has failed to live up to investors expectations of introducing the CHF to a new pegging system, there will be pressure on the Cbank to intervene in FX to weaken their currency as spec..."
"The Consumer Prices Index (CPI) used by the UK to measure inflation, rose from 4.2 percent in June to 4.4 percent in July. This forced Bank of England Governor Mervyn King to once again provide a lett..."
"The Swiss franc continues to gain over most of the major currencies despite the central bank’s attempts to lessen the franc’s appeal as a safety haven in light of the problems in the U.S..."
"A press report that the Swiss National Bank is seeking permission from the government for it to impose a CHF/EUR ceiling generated further depreciation in the franc, which at overnight lows of 0.8000..."
"What a week, and its only Friday morning. The market still has some data to chew on before one can sit back and figure what all this really means. The Central Bank thoughts and threats, swing?s in equ..."
"Swiss franc, U.S. dollar lower in currency tradingThe forex markets are consolidating today after a wild ride this week. Financial market volatility has been high, and markets from commodities to curr..."
Blog:
Global Forex BlogTidsstämpel: 2011-08-12 09:46
Taggar:
bank,
currencies,
currency,
currency trading,
dollar,
economy,
financial,
forex,
forex market,
market,
retail sales,
trading
"Like their Norwegian and South Korean counterparts earlier this week, officials at the Central Reserve Bank of Peru left their key reference rate unchanged at 4.25%, concluding that prudence would be..."
"As at other central banks, Bank of Korea monetary authorities are not able to normalize interest rates as quickly as domestic economic conditions would seem to warrant, and the reason is external risk..."
"Swiss Central Bank Vice President Thomas Jordan said in an interview that the central bank could consider a host of options to contains the franc’s recent appreciation including a temporary peg..."
"It has been awhile since Cbanks have made investors so trigger happy. This week, the market did not even get time to digest the magnitude of Bernanke comments before rumor mongering forced risk to ?go..."
"What's next for the Swiss currency on the FX marketYesterday, things got a little bit crazy, with the U.S. dollar and other safe haven currencies heading higher. With the U.S. stock market crashing, i..."
"The Norges Bank, Norway’s central bank, did not raise its policy interest rate of 2.25% even though that level is “low” and the last full review in June projected the key rate would..."
"Share prices in Asia and Europe rose, relieved by the FOMC’s prediction of an exceptionally low fed funds rate until mid-2013. Apparently investors had imagined a sooner tightening than I..."
"CLS Bank, a multi currency cash settlement system saw the average number of daily foreign exchange payment instructions fall by 2 percent in July from the previous month, while the a..."
"French banks, U.S. economic outlook sink risk appetiteThe euro is heading lower in forex trading on the currency market as the outlook for the global economy worsens and risk aversion sets in. FX mark..."
Blog:
Global Forex BlogTidsstämpel: 2011-08-10 11:56
Taggar:
announcement,
bank,
currency,
currency trading,
dollar,
economy,
forex,
forex trade,
forex trading,
fx market,
gold,
market,
point,
trading
"It’s no surprise that Bank Indonesia’s key monetary policy rate will remain at 6.75% following this month’s policy meeting. Officials have shown no urgency to tighten policy, l..."
"Investors continue to wait in vain for governments and central banks to take action and stop the turbulence. The FOMC meets today and will release a statement at 16:15 GMT amid speculation that..."
"Despite the ECB having made good on its promise to tackle the Euro-zone debt crisis by widening its bond-buying program to include paper from Spain and Italy, the move so far is not enough to allay in..."
"Forex traders more focused on relief rally todayBanks in the euro zone are paying a large premium to borrow, according to the latest stress test measures that indicate how willing banks in the region..."
Blog:
Global Forex BlogTidsstämpel: 2011-08-09 10:02
Taggar:
bank,
currencies,
currency,
currency trading,
dollar,
forex,
forex trade,
forex trading,
fx market,
market,
trading
"The Group of Seven finance ministers issued a communique assuring investors that the G-7 is united in effort and will “take all necessary measures to support financial stability and growth.? The..."
"After markets closed Friday, S&P downgraded the U.S. credit rating from AAA to AA+ and retained a negative outlook, meaning more downgrades are possible. Stocks in Israel tumbled almost 7% on Sund..."
"A week of stress and duress has the market seeing red. Five compact trading days that witnessed the US?s last minute signing off on a bill to avoid debt default, sidestepping the rating agencies, to ?..."
"What a performance by Central Banks this week? They are supposed to alleviate some of the market volatility, not add to it. The BoJ is a Central Bank gone rogue and intervening ?not? under the multila..."
"Citing a slowing of the economy in the face of the sovereign debt crisis engulfing several Eurozone countries, the European Central Bank said today it will keep the benchmark lending rate at 1.5 perce..."
"The Governing Council of the European Central Bank upgraded the degree of uncertainty in the outlook to “particularly high” from “high.” Uncertainty complicates the segregation..."
"As is its preference when not changing policy settings, the Bank of England Monetary Policy Committee released a statement that only gives the bare facts. The Bank Rate stays at 0.5%, its level since..."
"Turkish monetary policy had been tightened in late 2010 and early this year via a mix of higher reserve requirements and a wider spread between the overnight borrowing and lending rates. After t..."
"Bank Rossii kept its refinancing rate and deposit rates steady at 8.25% and 3.5%, respectively, today. After the last meeting a month ago, there had been some speculation that officials might ti..."
"There has been massive intervention by Japan’s Ministry of Finance applied constantly. The dollar leaped 3.8% against the yen, getting as high as 80.25 versus a low of 76.76 yesterday...."
"If Trichet announces new measures this morning to ease liquidity conditions or buy Euro area bonds then we can reasonably assume that Central Bank action this week will have been coordinated. First, i..."
"Markets anticipate no policy changes on August 4, and I agree. The Bank of England announcement comes first at 11:00 GMT and will only tell investors the bare bones of the decision, a continuing..."
"Policymakers at the National Bank of Romania have the somewhat conflicting objectives of anchoring expected inflation and ensuring financial market stability via ample banking liquidity. Policy..."
"In 37 years as a central banker, I cannot recall more strident language in a central bank statement than what the Swiss National Bank released today. The franc is called “massively overvalued at..."
"The main events next week will be The House of Representatives debt ceiling deadline on Tuesday. Scheduled central bank meetings in Australia, Japan, the U.K. and the euro area. The release of many pu..."
"The Central Bank has lowered its economic forecast for the year, predicting the economy will grow by 0.8 per cent in 2011.
That’s slightly lower than the bank predicted in its April bulletin, wh..."
"Swissquote, the Swiss Bank which recently acquired ACM, has just published its financial results for the first half year of 2011. The Bank improved in almost all metrics and its fore..."
"Euro-sovereign debt fear is again dominating this mornings market. Moody?s has placed Spain?s Aa2 rating on review for a possible downgrade and has threatened to lower the ratings on four Spanish bank..."
"This One U.S. Stock Can ?Predict? the Next Breakout in Currencies
By Sean Hyman, Editor, Currency Cross Trader
Back in my stock broker days, I learned a neat Wall Street trick.
The wise, old traders..."
"Bankgo Sentral Ng Pilipinas will raise reserve requirements by a whole percentage point effective August 5. This decision was not expected and matches one at the June 16 policy meeting and imple..."
"Was on CNBC last night talking about how Central Banks could intervene to weaken the Yen if the US is downgraded or defaults
"
"Kiwi in currency tradingThe New Zealand dollar is lower today in forex trading after expectations of a higher rate were crushed. The central bank in New Zealand decided to keep the interest rate the s..."
Blog:
Global Forex BlogTidsstämpel: 2011-07-28 09:40
Taggar:
bank,
currency,
currency trading,
dollar,
forex,
forex trade,
forex trading,
kiwi,
point,
rate,
trading
"New Zealand’s Reserve Bank kept a 2.5% Official Cash Rate but released a statement that persuaded many analysts to predict a 50-basis point rate hike at the next meeting scheduled for mid-Septem..."
"I’m a few days late because the market has been keeping me super busy but here’s the latest FX Volume Data and Charts from the main central banks
London Link to Report
- Average daily rep..."
"Australia’s consumer prices rose more than forecast in the second quarter as high cost of food and fuel put pressure on inflation.
Prices rose by 3.6% in the three months to the end of June from..."
"This announcement today confirms what was already published yesterday on Forex Magnates. Forex Magnates was able to confirm that few days ago Saxo Bank acquired 25% of Leverate (as o..."
"This announcement today confirms what was already published yesterday on Forex Magnates. Forex Magnates was able to confirm that few days ago Saxo Bank acquired 25% of Leverate (as o..."
"U.K. pound drops in currency tradingThe U.K. pound is dropping in currency trading on the FX market today, thanks in large part to the fact that the economy is once again showing signs of slowing. Pro..."
Blog:
Global Forex BlogTidsstämpel: 2011-07-27 09:16
Taggar:
bank,
currencies,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
fx market,
inflation,
market,
pound,
trading
"The two-week Hungarian deposit rate has been at 6.0% since a 25-basis point hike in mid-January, which had been the third consecutive monthly hike of that same size. Policy has been paused for t..."
"India?s central bank raised its benchmark interest rate more than forecast to quell the fastest inflation among major economies, spurring a slide in stocks and gain in the rupee.
The Reserve Bank of I..."
"Growth in the UK economy slowed in the three months to 30 June, partly because of the extra bank holiday in April.
Gross Domestic Product (GDP) grew by 0.2% in the second quarter, according to the Off..."
"Israel’s main central bank rate will stay at 3.25% for at least another month. It was raised from a trough of 0.5% by 75 basis points in 2009, 75 bps in 2010, and 125 bps earlier this year..."
"Canada’s inflation eased to an annualized rate of 3.1 percent in June compared to 3.7 percent the month before. Statistics Canada said the drop from May was due to lower prices for passenger veh..."
"The European Central Bank (ECB) said today that it may be necessary to allow Greece to descend into a temporary default in response to the Greek sovereign debt crisis. Sources say that German Chancell..."
"As widely expected, officials at the South African Reserve Bank (SARB) retained their 5.5% repo rate level, which is a cyclical low. Three additional reductions last year of 50 basis points each..."
"Policymakers at the Central Bank of the Republic of Turkey had cut their key interest rate by 1175 basis points from November 2008 to November 2009. Last fall, a complicated form of tightening w..."
"European officials are meeting today in Brussels to begin discussions on solving the growing debt crisis sweeping the region. Talks will center on the details for a second bail-out for Greece while fi..."
"The 38-page quarterly Monetary Policy Report retains a mid-2012 target date for the restoration of full capacity in Canada, presents only marginally modified price and growth projections, declares med..."
"Euro remains higher in forex tradingConsumer confidence in the euro zone has fallen. Concerns about the lingering problems in Greece are weighing on consumers. Additionally, worries are mounting about..."
Blog:
Global Forex BlogTidsstämpel: 2011-07-20 10:54
Taggar:
bank,
consumer confidence,
currency,
dollar,
economy,
forex,
forex trading,
home sales,
market,
spread,
trading
"By Elliott Wave International
The European Banking Authority announced Friday that 8 banks had failed their stress tests and 16 more had narrowly passed. [...]..."
"The Bank of Brazil’s monetary policy committee, COPOM, sanctioned a fourth consecutive and seventh overall Selic rate hike, the size of which was an as-expected 25 basis points to 12.50%. ..."
"New York and London ? CitiFX Pro has been named ?Best Retail Platform? by FX Week at their 2011 e-FX awards. The award recognizes industry excellence in a bank or vendor platform designed..."
"The Greek economic crisis continues to make headlines as Prime Minister George Papandreou attempts to maneuver the governments contentious ?austerity? bill through the Greek parliament. As predicted..."
"The central bank interest rate structure, a 1.0% overnight money target flanked by a 1.25% Bank Rate and a 0.75% deposit rate, will be kept at least until the next scheduled policy announcement on Sep..."
"The Bank of Canada has left the key overnight interest rate unchanged at one per cent amid slower than expected U.S. growth, but acknowledged that it will “eventually” have to go higher. E..."
"Bank of America – the largest bank in the U.S. – has recorded a record quarterly loss of $8.8 billion. The loss comes after the bank agreed to pay $8.5 bn to investors and insurers in the..."
"Markets are more hopeful about a resolution to Greece’s debt crisis. The German Dax and Paris Cac have risen 1.5% and 1.1%. The British Ftse has firmed 0.4%. Austria’s central bank c..."
"Canadian dollar gains on expectation of higher interest ratesThe Bank of Canada kept interest rates steady again, but the announcement accompanying the decision indicated that things could change in t..."
Blog:
Global Forex BlogTidsstämpel: 2011-07-19 10:06
Taggar:
announcement,
bank,
currencies,
currency,
currency trading,
dollar,
forex,
forex trade,
forex trading,
fx market,
loonie,
market,
rate,
trading
"The Bank of Canada will most likely announce at 13:00 GMT Tuesday a decision not to raise its 1.0% overnight money rate target, which has been at 1.0% since early September 2010 following three consec..."
"Of the 90 European banks to undergo the so-called “stress tests” to determine how prepared the banking system is for another financial crisis, the European Banking Authority (EBA) said eig..."
"European leaders will meet July 21st in Brussels to determine the next steps in dealing with the Greek debt crisis and the growing concern over Portugal, Spain, and Italy. In a statement releases yest..."
"EUR/USD in currency tradingEurope continues to be in confusion with regard to banks and the sovereign debt situation. Another strike in Athens in drawing attention to unrest, and concerns about Europe..."
"Central Bank interest rate policy meetings are scheduled next week in Canada, Turkey and South Africa. The Bank of England and Reserve Bank of Australia will publish minutes from their respectiv..."
"The results of the so-called stress tests designed to identify European banks in need of recapitalization will be released later today. The expectation is that up to fifteen financial institutions wil..."
"European bank stress tests will be released around 16:00 GMT today. This second round of tests were more rigorous than the first and are expected to flag a number of banks as failing to meet sta..."
"The Bank of Chile did not raise its key interest rate for just the second time in 14 consecutive monthly meetings, the other time being last January. The rate will stay at 5.25%, 475 basis point..."
"US retail sales for June increased by just 0.1 percent as consumers continue to battle with elevated unemployment and a slowing economy. Total sales however, were boosted by an unexpected increase in..."
"EUR/USD fell today after Federal Reserve Chairman Ben S. Bernanke suggested in his speech that the US central bank is ready for additional stimulating measures if that would be necessar..."
"Mario Draghi who will assume the mantle of European Central Bank President later this year said today that the debt crisis is entering a “new phase” and requires a strong response from the..."
"The market’s angina of Tuesday has faded somewhat. The strength of Chinese data including second-quarter GDP surpassed expectations, and Italy’s lawmakers appear poised to approve au..."
"Jobs report and economic data show slow recoveryThe Bank of England is unlikely to raise interest rates anytime soon, thanks to a jobs market that continues to be weak. The most recent jobless claims..."
"First a little interest rate history. Bank Indonesia during the Great Recession implemented nine consecutive monthly cuts of its key interest rate, totaling 300 basis points and ending with a 25..."
"The market knows its in trouble when its rumored that the ECB is polling banks on the best way to handle a sovereign default. EU President Van Rompuy has called a special meeting today of senior Europ..."
"Offshore Yuan trading is certainly becoming a hot topic lately. With many estimates that the Chinese government will slowly further loosen up the band for Yuan exchange rate many banks and..."
"By Evaldo Albuquerque, Editor, Exotic FX Alert
Central bankers are some of the worst magicians in the world. Unfortunately, they love to use their sleight of hand on our monetary system.
As we saw l..."
"Rate cuts by Bank of Mexico policymakers between January and July 2009 totaled 375 basis points from a one-day interbank rate high of 8.25% to 4.5%. On July 8, the 4.5% key interest rate was kep..."
"Chinese data on consumer prices, producer prices, money and bank lending growth, industrial production, retail sales, fixed asset investment, and real GDP will be released next week. Policymaker..."
"EUR/USD advanced today as the increase of interest rates by the European Central Bank overshadowed the positive reports about the employment in the US. (Ev..."
"The euro was boosted today by news that the European Central Bank (ECB) was lifting the benchmark interest rate by 25 basis points to 1.5 percent. The move was not unexpected as inflation was last rec..."
"Officials at The Central Bank of Malaysia were not influenced by China’s interest rate hike yesterday. After their latest bi-monthly policy meeting, they instead surprised many analysts wi..."
"The Bank of England left its overnight target interest rate at 0.5%, its level since March 2009, and the asset purchase ceiling unchanged at GBP 200 billion. That level was reached in January 20..."
"Markets are largely marking time ahead of the ECB and Bank of England rate decisions. The euro fell following Moody’s downgrade of Portuguese debt to junk status but is unchanged against t..."
"The Chinese one-year lending and deposit rates have been lifted for the fifth time since October 19, 2010. Each increase amounted to 25 basis points. From cyclical lows maintained December..."
"With consumer price inflation expanding at an annual rate of 5.5 percent the People’s Bank of China has responded by increasing interest rates for the third time since the beginning of the year..."
"The Narodowy Bank’s Monetary Policy Council left its 7-day reference rate unchanged at 4.5% following verbal hints over the past month that further increases now were unnecessary. The rate..."
"Sovereign debt contagion fears have resurfaced, with bank stocks suffering the brunt of investor selling this morning, after Moody?s downgraded Portugal?s credit rating and rumors that Ireland is now..."
"The latest economic developments have caused investors to push out their rate expectations for all of the major central banks. In May, the ECB, BoC and RBA were all expected to raise rates before the..."
"The Executive Board of the Swedish Riksbank, which meets six times annually, agreed on a seventh straight increase, and third so far in 2011, of its repo rate to 2.0%. The initial tightening was..."
"The Monetary Policy Board at the Reserve Bank of Australia left the Official Cash Rate unchanged at 4.75%. There had been seven 25-basis point increases previously, the first six in October, Nov..."
"A 1.1 percent decline in Eurozone retail sales is the latest indicator to suggest the Eurozone economy is likely entering a weak period – the fact that Germany led the way in taking retail sales..."
"Moody’s is warning that Chinese banks may hold more problematic loans than generally realized. Service sector purchasing manager survey results show loss of momentum. Euroland suffers bigg..."
"The good news is that with the approval of an 8.7 billion euro loan payment Greece will make its debt responsibilities later this month thereby avoiding an outright default. The bad news is that even..."
"This week’s meeting of the Monetary Policy Committee will probably result in another decision to leave the Bank Rate at 0.5% and the ceiling on asset purchases at GBP 200 billion. Those po..."
"Rating agency Standard & Poor’s said today that the idea put forward by French banks to “rollover” Greece’s debt would likely be considered a default. European politicians..."
"A surprise 0.6 percent decrease in monthly retail sales could convince the Reserve Bank of Australia to hold off on an interest rate hike. The decline in May’s retail sales marked the largest dr..."
"Central Bank policy meetings next week are scheduled in Australia, Sweden, Poland, Mexico, Britain and, most importantly, the euro area where a highly probably second interest rate increase has been s..."
"10,997 companies participated in the latest quarterly survey of Japan’s central bank. In the table below which documents the evolution of results, abbreviations used in the first four colu..."
"Today we’ve seen the fourth day of EUR/USD rally. Economists expect that the European Central Bank will boost its interest rates next week. The business activity in the&..."
"Comments made today by European Central Bank President Jean-Claude Trichet once again point to a likely interest rate increase when the ECB meets next week to deliver its July statement. Inflation did..."
"Romania’s monetary policy rate has been 6.25% since May 2010 and will remain at that level until at least the next meeting on August 3. The central bank has not yet begun tightening, even..."
"The European Banking Authority (EBA) continues to court controversy with the way it is administering the recent round of bank ?stress? tests. The testing process has been in progress since March and i..."
"The Bank for International Settlements (BIS) warned yesterday that ultra-low interest rate policies represent a threat to the global financial system. According to the BIS, low borrowing costs have pr..."
"A source within the Eurozone banking system said that up to fifteen European banks could fail the so-called “stress” tests designed to accurately report the viability of the region’s..."
"In leaving monetary policy unchanged for the coming month, a statement from the Bank of Israel made the following points: The key rate was raised from 2.0% to 3.25% between late January and late May..."
"The Bank for International Settlements (BIS) issued a warning today that unless global interest rates rise asset bubbles could threaten the global economy. IN some emerging markets property values ar..."
"In an interview published Friday morning, Federal Reserve Bank of Dallas President Richard Fisher said he believes the economy will grow at a faster rate in the second half of the year. Fisher acknowl..."
"It seems to be a stab in the dark. There are just too many outliers involved for anyone to bet the bank with confidence. The market expects little relief from US durable good orders this morning.
Inv..."
"The Czech Central Bank Board reaffirmed the 0.75% level on its key two-week repurchase rate. Eight reductions from August 2008 to May 2010 totaled 300 basis points. The last cut from 1.0%..."
"European Central Bank President Jean-Claude Trichet warned that the banking system’s exposure to Greek debt “is the most serious threat to financial stability in the European Union.”..."
"EUR/USD rose today after Greece’s Prime Minister won a confidence vote, but erased gains on the speculation that the Greek government will struggle to implement austerit..."
"The Executive Board of the Norges Bank as expected left its key interest rate at 2.25%. Four increases of 25 basis points were implemented previously in October 2009, December 2009, May 2010 and..."
"First hurdle completed. Now the market waits for the next Greek obstacle-the Greek government parliamentary vote on crucial austerity measures next week. The Socialists need to ?ram? through some Eur2..."
"For a fifth straight month, officials at the Magyar Nemzeti Bank left their Base Rate at 6.0%. Three prior increases of 25 basis points were implemented last November, December and January. ..."
"Central Banks in the United States, Norway, Hungary and Czech Republic hold interest rate policy meetings next week, and those in Australia and Britain will be releasing minutes from meetings held ear..."
"As expected, Swiss National Bank policy-makers have retained a 0.0 – 0.75% target range for three-month Swiss LIBOR with a point estimate of 0.25%. These have been the rate parameters sinc..."
"Euro in forex tradingThe euro continues to struggle in forex trading on the currency market today. The 17-nation currency is still reeling from the difficulties caused by the continued protests in Gre..."
"Iceland’s central bank, Sedlabanki, left its interest rates unchanged including a 4.25% seven-day lending charge. The statement posted today on the central bank’s web site is more ha..."
"The Central Bank of Chile late Tuesday implemented the twelfth rate hike of the current tightening cycle but, as expected, cut the size of the move to 25 basis points from increases of 50 bps undertak..."
"European Finance Ministers did not make progress finding a way to share the cost of a restructured Greek debt. Moody’s is reviewing the rating of three French banks that are vulnerable to such a..."
"Yuan will appreciate if China stops buying TreasuriesFor five months, China reduced the amount it bought in U.S. Treasuries. However, a report for April shows that China increased its Treasury buying..."
Blog:
Global Forex BlogTidsstämpel: 2011-06-15 13:31
Taggar:
bank,
currencies,
currency,
currency trading,
dollar,
financial,
forex,
forex trading,
market,
pound,
report,
trading
"UK inflation remained unchanged in May at 4.5 percent with fuel and food prices continuing to account for much of the increase. This is well above the 3 percent target rate and continues to pressure t..."
"Before you know it, the Bank of Japan will be delivering their monetary policy announcement. Far less attention has been paid to the BoJ announcement than last’s ECB or RBNZ meetings and for goo..."
"A two-day Policy Board meeting on Monday-Tuesday is not expected to modify the Bank of Japan’s target overnight money target range of around zero to 0.1% or the JPY 40 asset purchase ceiling...."
"Three central banks holding interest rate policy meetings this week are the Bank of Japan, Swiss National Bank and Sedlabanki in Iceland. The Bank of Japan monthly economic assessment, ECB month..."
"EUR/USD tumbled today on the speculation that the economic imbalances in the European Union will force the European Central Bank to slow pace of interest rates..."
"The Central Reserve Bank of Peru did not implement an eleventh rate hike since May 2010 today, fooling analysts. A statement today seized upon a drop of CPI inflation to 3.1% last month from 3.4..."
"The Bank of Korea, whose Base Rate was slashed from 5.25% prior to August 2008 to 2.0% six months later, announced its fifth increase of 25 basis points today. The rate is now at 3.25%, represen..."
"British industrial production plunged 1.7% on month in April and was 1.2% lower than a year earlier. Factory output dropped 1.5%. These monthly changes are much worse than anticipated...."
"The dollar is being supported by global growth concerns. Weaker industrial production in Europe and Asian should keep the currency better bid until next week.
Every Central Banker has mentioned that..."
"A statement from the ECB signals a likely increase of interest rates next month. Sufficient justification for a second tightening by July was provided by the Bank staff’s revised price and..."
"EUR/USD extended its losses today as the European Central Bank left its benchmark minimum bid rate unchanged at 1.25% (Event A on the chart.). Such decision was expected..."
"Indonesia’s reference rate will stay at 6.75% for at least another month. Today’s was the fourth no-change decision in a row. Bank Indonesia has implemented just one rate hike..."
"Today’s Bank of England statement added no fresh information. This is typical when, as now, policy changes were not changed. The Bank Rate has been pinned at 0.5% since March 2009.&#..."
"European Central Bank President Jean- Claude Trichet said to day that “strong vigilance” is needed to ensure inflation is held at bay. The latest feedback confirms ?continued upward pressu..."
"Despite inflation climbing to 4.5 percent in April from 4 percent the month before, the Bank of England’s Monetary Policy Committee has voted to leave the benchmark interest rate unchanged at 0..."
"The kiwi advanced 1.1% against the dollar following an upbeat statement from the Reserve Bank of New Zealand, which left its Official Cash Rate at 2.5% but spoke about an improved economic outlook. Th..."
"The Bank of Brazil’s monetary policy committee, known as COPOM, has implemented its seventh rate hike, lifting the Selic Rate to 12.25% from 12.0%. The action was widely forecast and follo..."
"The Reserve Bank of New Zealand’s Official Cash Rate (OCR) will remain at 2.5% at least until the next meeting in late July. However, a statement on the central bank web site serves notice..."
"The Bank of England will keep policy unchanged. The Monetary Policy Committee’s decision is due at 11:00 GMT, 90 minutes before the start of the ECB press conference on Thursday...."
"The big focus tomorrow is on ECB President Trichet’s press conference. The European Central Bank is not expected to raise interest rates, but Trichet IS expected to pave the for a rate hike in..."
"The Narodowy Bank reference rate has been lifted 25 basis points to 4.5%, bringing its cumulative rise to 100 bps. The cyclical low of 3.5% had been kept for 19 months to January 2011 following..."
"Some call Fed easing a "failure"Quantitive easing has been a failure, contened some analysts. At least, the way the Federal Reserve conducted the quantitive easing was a failure. The Fed's plan was to..."
Blog:
Global Forex BlogTidsstämpel: 2011-06-08 12:41
Taggar:
aussie,
bank,
currencies,
dollar,
economy,
financial,
forex,
forex trading,
point,
pound,
trading
"Last night, the Reserve Bank of Australia left interest rates unchanged at 4.75 percent. Many investors were looking for hawkish comments from the central bank but as suspected, the RBA failed to del..."
"The Reserve Bank of Australia opted to maintain the benchmark overnight cash rate target at 4.75 percent today. Some critics felt the statement was somewhat “downbeat” and the Australian d..."
"The euro gained this morning after the head of the European Central Bank said the bank may support the idea of encouraging holders of Greek debt to exchange maturing bonds for new debt securities.
?T..."
"The Reserve Bank of Australia implemented three 25-basis point rate hikes in 2009 and four more in 2010, but the current “mildly restrictive” stance has not been changed in the last seven..."
"It is going to be a busy night in Australia with the Reserve Bank gearing up for its next monetary policy announcement. The last time the RBA met was on May 3rd and at the time, the central bank left..."
"Central bank policymakers will be meeting in Australia, New Zealand, Britain, Poland, Euroland and Indonesia during the first week of June. So will OPEC oil ministers. The Fed Beige Book d..."
"The Bank of Thailand lifted its key policy interest rate for a seventh time on Wednesday. Six prior moves had been implemented, three in 2010 (July, August and December) and three more in Januar..."
"The Bank of Canada last raised its overnight target interest rate on September 8, 2010. Increases of 25 basis points each had been implemented at three straight meetings In early June, mid-July..."
"As expected, the Bank of Canada announced this morning that it was maintaining the current 1 percent overnight target rate. In the statement, the Bank noted that the global recovery is proceeding R..."
"The Central Bank of the Republic of Colombia intervention rate was increased by another 25 basis points, matching prior moves in February, March and April. The rate, which now becomes 4.0%, had..."
"Markets are closed today in the United States for Memorial Day and Britain for a spring bank holiday. Currency movements have been muted without the participation of all trading centers. The dol..."
"Early indications are that the Canadian dollar could decline ahead of tomorrow?s Bank of Canada interest rate announcement. Despite recording a 3.9 percent increase in Gross Domestic Product for the f..."
"Canada’s Gross Domestic Product (GDP) expanded by 3.9 percent during the first three months of the year bettering the 3.1 percent recorded in the fourth quarter of last year. This is the fastest..."
"Canadian dollar mostly rangebound ahead of interest rate announcementThe Canadian economy saw increased growth in Quarter 1, growing to 3.9%. Businesses helped spur the growth. Even though there was i..."
Blog:
Global Forex BlogTidsstämpel: 2011-05-30 12:49
Taggar:
announcement,
bank,
currency,
currency trading,
dollar,
economy,
forex,
forex trade,
forex trading,
point,
rate,
trading
"The key Mexican interbank interest rate was left at 4.5% by Bank of Mexico policymakers, who met on Friday. This rate was cut several times by 375 basis points in all during 2009 but has been at..."
"Next week begins with market closures Monday in Britain for a spring bank holiday and the United States for Memorial Day. Central banks in Canada and Thailand hold interest rate policy meetings..."
"The U.S. dollar was down 0.7 percent in mid-day trading in New York today on reports that first quarter growth was less than expected. The latest employment news also indicated that 424,000 new unempl..."
"Monetary authorities at the Central Bank of the Republic of Turkey decided as expected to continue their wait-and-see stance, observing the lagged impact of various policy changes late last year and i..."
"Describing the possibility of a restructuring of Greek debt as a “horror story” European Central Bank Governing Council member Christian Noyer said the only solution available to Greece wa..."
"An upsurge in business confidence in Germany helped lift the euro to a 0.3 percent gain by 7:55am in New York this morning. Speculation also continues to support further interest rate gains by the Eur..."
"Israel’s policy interest rate was increased today by 25 basis points to 3.25%. It was cut to 0.5% during the Great Recession. But way back in August 2009, the Bank of Israel implemen..."
"Next week begins with Canadian markets closed Monday for Victoria Day and the U.S. Treasury market shutting early afternoon on Friday for the Memorial Day weekend. The Bank of Japan will p..."
"The Canadian dollar lost ground following the Consumer Price Index (CPI) results for April showed a slowing in inflation. The decline in CPI means the Bank of Canada could delay interest rate hikes an..."
"The euro declined during morning trading in Europe after the German Bundesbank released a statement that it expected the German economy to weaken in the second half of the year. The euro fell by 0.3 p..."
"The Bank of Japan decided by a 9-0 vote not to loosen further its already accommodative stance in spite of worse-than-forecast GDP data that showed an annualized contraction of 3.4% over the two quart..."
"Not to much is happening this Friday. No U.S. data releases are scheduled. The euro has dipped back under $1.43. The Bank of Japan made no further changes at this month’s Polic..."
"As you can see from the chart below, the world’s foreign exchange reserves (held by central banks) have undergone a veritable explosion over the last decade. While emerging markets (especially C..."
"The Bank of Japan today and Tuesday held its fourth Policy Board meeting in the ten weeks since the devastating Sendai earthquake. On March 14, officials raised their asset purchases by JPY 5 tr..."
"The euro gained slightly in back-and-forth trading in early morning trading London. With weak growth news expected to dampen enthusiasm for the dollar, investors are turning to the euro but there is n..."
"At the end of this month, the Bank of England will add a new member to their Monetary Policy Committee - Ben Broadbent. He will replacing Andrew Sentance who has voted for an interest rate hike since..."
"The British pound fell against most of the major currencies after the Bank of England issued a statement suggesting that a majority of Monetary Policy Committee members believe an interest rate increa..."
"Forex trading with the sterlingThe U.K. pound is heading lower in currency trading on the FX market, thanks to the release of the latest minutes from the last MPC meeting. Minutes show that ther..."
Blog:
Global Forex BlogTidsstämpel: 2011-05-18 12:33
Taggar:
bank,
currency,
currency trading,
dollar,
economy,
employment,
forex,
forex trading,
fx market,
market,
pound,
rate,
trading
"The first post-FOMC press conference was held three weeks ago less a day, and minutes from that April 27 meeting will be released tomorrow. One of Chairman Bernanke’s assertions that day w..."
"As they had done at prior meetings on February 21, March 28 and April 18, policymakers at the Nemzeti Magyar Bank left their benchmark interest rate at 6.0%. The March and April decisions had be..."
"Technical analysts at Commerzbank AG released a report suggesting that the US dollar index is closing in on a level that could see the currency rebound bringing an end to the long-lasting declining tr..."
"The Canadian dollar continues to decline and is at a three-month low against the US dollar. In early morning trading today in Toronto, the loonie fell 0.8 percent to 97.71 cents to the US dollar compa..."
"The Monetary Policy Committee did not hike South Korea’s Bank Rate by 25 basis points as expected, so such instead remains at 3.0% following increases of 25 basis points each last July, November..."
"The Central Reserve Bank of Peru also has raised its key reference rate in a hurry after having cut such extensively during the world recession. The rate was reduced by 525 basis points from 6.5..."
"Few central bank interest rates have traced a U-shaped pattern quite as well as Chile’s. Seven consecutive monthly cuts from January through July of 2009 slashed the rate by 775 basis poin..."
"The third week of May 2011 has a comparatively light data and event calendar. A meeting of the Bank of Japan Policy Board is not expected to result in a change but will provide an opportunity to..."
"Bank Indonesia continues to err on the side of monetary accommodation, placing it on the looser end of the spectrum of Asian monetary policies. Officials meet each month to set their key referen..."
"The Executive Board of the Norges Bank raised its key policy rate to 2.25% from 2.0%. Three earlier hikes of 25 basis points each were implemented in October 2009, December 2009 and May 2010...."
"The reference rate of the Narodowy Bank is being raised to 4.25% from 4.0%. The interval since the prior hike of 25 basis points on April 5 was smaller than that between the first move on Januar..."
"The pound gained 0.7% against the dollar and 0.9% versus the euro. The catalyst for the advance was a quarterly central bank report that sees a likelihood of on-year British inflation topping 5..."
"Strong economic growth is often cited as a condition that will deliver currency strength. At last month’s press conference, for example, that contention was part of Fed Chairman Bernanke&#..."
"Following the last year’s approval of Dodd-Frank rules all foreign brokers, who aren’t registered as RFEDs in the US, had to stop accepting US clients. The only exemption was for foreign b..."
"Central bank interest rate meetings will be held next week in Indonesia, South Korea, South Africa and Poland. The Bank of England releases its quarterly Inflation Report on Wednesday. Min..."
"Shipkevich Law Firm is a full service law firm focusing in foreign exchange and FX technology transactions, as well as credit and insolvency matters. Felix Shipkevich is a New York Attorney with an ex..."
"The Czech National Bank did not follow last month’s ECB rate hike cue but rather by a 5-2 vote retained a two-week repo rate of 0.75% and respective deposit and Lombard rates of 0.25% and 1.75%..."
"EUR/USD slumped today after the European Central Bank kept its main interest rate unchanged. (Event A on the chart.) ECB President Jean-Claude Trichet said that the policy mak..."
"The euro declined this morning falling by 0.9 percent to $1.4695 in early afternoon trading in London after European Central Bank President Jean-Claude Trichet hinted that an interest rate hike will n..."
"May is one of the four months of the year in which the Bank of England updates its inflation forecast. Often in the past, policy changes were synchronized with the release of those updates, whic..."
"The yen strengthened beyond 80/USD for the first time since March 18, touching a high of 79.58 and climbing 1.1% on balance. Central banks in Malaysia and the Philippines hiked key interest rates by 2..."
"Swissquote Bank, the Swiss bank which acquired ACM in December 2010, has published its financial report for the first quarter of 2011. For the first time ACM’s results are now made public, altho..."
"I’ve had my share of criticism in the past over Euromoney’s methodology and I still think it’s flawed, but perhaps it’s the only possible method right now. Still, one cannot ig..."
"The Bank of England and ECB policy announcements are once again scheduled for the same Thursday, the BOE at 11:00 GMT and the ECB some 45 minutes later. President Trichet’s press conferenc..."
"The Bank of England will announce monetary policy decisions at 11:00 GMT on Thursday following this month’s two-day meeting. Only in the remote chance of modified policy parameters, which..."
"EUR/USD rose today on speculation that the European Central Bank will raise its main interest rate tomorrow, while the Federal Reserve won’t have courage to scrap its stimula..."
"The euro continued to make gains on the dollar this morning rising 0.5 percent to $1.4901 at 8:30 an in New York. Investors are hopping aboard the euro as speculation grows that tomorrow’s state..."
"Saxo Bank just announced that it is going to publish market data from the FX Options OTC market data and it’s interesting because FX Options market is still an unchartered territory for many tra..."
"The pound declined nearly one percent to $1.6494 just before noon in London today on the latest reports indicating manufacturing declined in March. The Chartered Institute of Purchasing and Supply ind..."
"The European Central Bank is expected to indicate its intentions to lift interest rates when it meets later this week. In March, the ECB used the phrase “strong vigilance” to describe its..."
"The Reserve Bank of Australia was among the earliest central banks to begin raising interest rates, which made sense since the Australian economy managed to avoid a downturn during the Great World Rec..."
"The National Bank of Romania as anticipated left its key interest rate at 6.25%, the level since May 2010. The last rate change, a cut of 25 basis points, was undertaken a year ago in May 2010 a..."
"The Reserve Bank of India raised its repo rate by 50 basis points to 7.25%. There have been nine increases since the first one in March 2010, three by 50 basis points including today’s and..."
"The Chinese yuan has appreciated by more than 27.5% since 2005, when the People’s Bank of China (“PBOC”) formally acceded to international pressure and began to relax the yuan-dollar..."
"Since September 2001, U.S. consumer prices have climbed 25.5% or 2.4% per annum. Core inflation has risen 20.3% or 2.0% annualized. These are marginally above what central bankers widely d..."
"A number of European centers will be closed Monday for May Day. Then Japan closes Tuesday for Constitution Day, Wednesday for Greenery Day and Thursday for Children’s Day as the Golden Wee..."
"Russia and Vietnam have been coping with very elevated inflation even by the standards of mounting commodity-fueled price pressures found in most countries these day. Today, the State Bank of Vi..."
"The Reserve Bank of New Zealand released a statement leaving its benchmark interest rate unchanged as analysts had expected. Officials called New Zealand’s post-earthquake outlook still &#..."
"Bravo to the Fed for introducing press conferences! One generally doesn’t learn much from Bank of Japan press conferences, which are frequent affairs, and the ECB’s staged events are..."
"As you already know from reading this blog GFT soft launched MT4 a few weeks ago, and today it has finally been officially announced and launched. Yes, GFT is the latest broker to start offering MT4 w..."
"The Asian Development Bank (ADB) issued a warning today that rising food and energy prices could impact the expected growth of the Asian economies. Overall, economies in Asia were among the first to r..."
"Citi, who after dbFX’s exit is going to be the only bank in the US offering retail forex trading, is announcing additional expansion plans both geographically and technically. Citi plans to expa..."
"Saxo Bank just made another major step in its ongoing expansion – it entered the very attractive but highly regulated Brazilian market and will now offer direct online futures trading as well as..."
"Broad based support seen growing for DraghiMario Draghi, the governor of the Bank of Italy, is garnering wide support, and could be the next ECB president. The most recent endorsement for Draghi comes..."
"The Bank of Israel paused monetary policy tightening this month, having already lifted its base rate by 100 basis points in three successive moves during the first quarter of 2011. That advance..."
"Forex trading impacted by central bank decisionsCentral banks have been playing a bigger role in the currency markets over the past two years than ever before. The role of centrals banks is far beyond..."
"Over the last year and increasingly over the last few months, Central Banks around the world have taken center stage in currency markets. First, came the ignition of the currency war and the consequen..."
"The Central Bank of the Republic of Turkey is engaged in an experiment of low interest rates, higher reserve requirements and a wide gap between its overnight borrowing rate of 1.5% and lending rate o..."
"In a very surprising move Deutsche Bank, a very large forex liquidity provider, and one of the few ‘retail fx banks’ has announced that it is ceasing to provide dbFX (its retail forex arm)..."
"The minutes of April?s Bank of England meeting showed most members voted against tightening monetary policy, causing the pound to fall against the euro.
Reacting to data from last month that indicate..."
"Before today’s action, the Executive Board implemented four 25-bp rate hikes in the second half of 2010 and a fifth increase from 1.25% to 1.5% in mid-February. The Riksbank is among very..."
"EUR/USD erased previous losses and advanced to the highest level since January 2010 today as investors continue to bet that the European Central Bank will raise its key l..."
"For a second meeting in a row of the Sedlabanki Monetary Policy Committee, the 7-day collateralized lending rate has been kept unchanged at 4.25%. From a peak of 18%, the key rate had been reduc..."
"The Bank of Thailand’s one-day repo rate was lifted as expected to 2.75% from 2.5%, and a statement from the central bank left the door open for more hikes. Indeed, this was the sixth done..."
"The Swedish Krona climbed to a 2 1/2 year high against the US dollar after Sweden’s central bank – the Riksbank – hiked rates for the sixth time in the past fifteen months. The lates..."
"Danish newspaper Borsen reports without citing sources that two Saxo Bank owners Lars Seier Christensen and Kim Fournais are about to sell 33% of the Bank’s shares for approximately $960 million..."
"In truth, concerns about the risk of restructuring Greek debt is more immediate than the current US fiscal difficulties. The reality is that peripheral sovereign restructuring would be harmful for mos..."
"The two-week deposit rate of the Magyar Nemzeti Bank was left at 6.0%, the same result of the prior two meetings on February 21 and March 28, and a statement today made similar points as those from th..."
"After 375 basis points of reduction within seven months from 8.25% at end-2008, the Bank of Mexico’s policy interest rate has remained at 4.5% since July 2009 and will continue to do so at least..."
"Next week is book-ended by the IMF meetings in Washington at the start and the Good Friday/Easter holidays at the end. Central banks in Brazil, Sweden, Thailand and Hungary hold interest rate me..."
"This week the dollar had the ‘classic’ opportunity to rally aggressively. Global risk appetite has subsided, commodity currencies have softened and investors were willing to take profit. I..."
"The main finding of the new central bank quarterly report is the re-estimation of excess supply in the Canadian economy. Officials believe that actual real GDP in the first quarter of 2011 was a..."
"Speculation that the Bank of England will resist interest rates for several more months even as the European Central Bank hikes rates has pushed sterling to a six-month low against the euro. The pound..."
"The Central Bank of Chile’s overnight interest rate has been raised by an as-expected 50 basis points to 4.5%. There has been an increase at ten of the last eleven monthly meetings of the..."
"The overnight target interest rate in Canada has been left at 1.0% as most forecasters predicted and will continue to be flanked by a 0.75% deposit rate and a 1.25% Bank Rate. The continuing str..."
"The Canadian dollar declined against the U.S. dollar this morning after the Bank of Canada announced the benchmark overnight rate would be held at one percent for at least another month. The Bank̵..."
"The Bank of Canada announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
As anticipate..."
"The Bank of Korea’s seven-day repo rate was kept at 3.0% as most pundits expected. Starting last July, such had previously been raised four times by 25 basis points each, most recently at..."
"This week the dollar has had the classic opportunity to rally aggressively. Global risk appetite has subsided, commodity currencies have fallen and investors were willing to take profit. Instead, we h..."
"Loonie stymied in forex tradingThe Bank of Canada announced that it would keep its benchmark interest rate steady at 1%. The news has the loonie lower in forex trading against the greenback. The decis..."
Blog:
Global Forex BlogTidsstämpel: 2011-04-12 11:16
Taggar:
bank,
currency,
currency trading,
dollar,
economy,
forex,
forex trade,
forex trading,
loonie,
oil,
rate,
trading
"Last year, the Bank of Canada implemented two quarter point interest rate increases in the second half of the year to lift Canada?s benchmark Bank Rate to one percent. Since then, Governor Mark Carney..."
"The Bank of Canada will reveal the decision of its third interest rate policy meeting of 2011 tomorrow at 09:00 EDT (13:00 GMT). The street consensus is looking for no policy change, as such cou..."
"Investors are taking a wait-and-see approach with the Canadian dollar ahead of tomorrow’s Bank of Canada interest rate policy announcement. The expectation is that the Bank will hold the line on..."
"Northeast Japan was rocked by yet another 7.1 magnitude aftershock followed by new tsunami warnings. Qaddafi reportedly agreed to a cease fire proposal made by the African Union, but doubts persist th..."
"Central Bank interest rate policy meetings are scheduled next week in Indonesia, South Korea, Mexico, and Canada. Minutes from the mid-March Bank of Japan meeting, the Fed’s Beige Book, th..."
"This week’s Bank of International Settlements (BIS) quarterly report came with some interesting revelations (most of which I’ll discuss in a later post). Below, I’d like to focus on..."
"The Market got what it wanted this week when it came to Central Bank announcements. The RBA, BoJ, BoE and ECB all remain mindful of inflation. The ECB it seems has begun its rate normalization policy..."
"A survey of economists shows most observers believe the European Central Bank will implement further interest rate hikes in addition to yesterday’s quarter-point increase to 1.25 percent. The su..."
"As analysts expected, officials at Peru’s central bank lifted their reference interest rate by another 25 basis points just as they had done each month of this year’s first calendar quarte..."
"Today, we bring you an interview with Ben Wong (Head of Trading Strategies) and Yan Tse (Head of Research) at Action Forex, a forex information portal. I chatted with them about upcoming Central Bank..."
"EUR/USD slumped earlier this trading session and now gradually recovers. The euro was boosted as the European Central Bank raised its target lending rate by 25 basis points to..."
"The European Central Bank today raised the benchmark lending rate by a quarter point to 1.25 percent. Describing the ECB’s monetary policy as “accommodative”, ECB President Jean-Clau..."
"The Bank of Japan met over two days for a total of six hours and 52 minutes, deciding unanimously to 1) promote a 0-0.1% overnight money rate target through its daily short term operations and 2) intr..."
"The Monetary Policy Committee released its standard statement when not making any changes. The Bank Rate stays at 0.5%, its level since March 2009. The asset purchase program ceiling remai..."
"Emerging markets and currency tradingWe don't hear much about some emerging markets in currency trading. However, for those who are interested in currencies like the Israeli shekel, hearing a lit..."
Blog:
Global Forex BlogTidsstämpel: 2011-04-07 12:46
Taggar:
bank,
currencies,
currency,
currency trading,
dollar,
forex,
forex trading,
inflation,
market,
report,
trading
"Since the People’s Bank of China (PBOC) unfixed the Chinese Yuan in June, it has appreciated 4.5%. Moreover, for a handful of reasons, it looks like China will continue allowing the RMB to appre..."
"The Bank of England policy announcement this month will be made at 11:00 GMT tomorrow. The February and March meetings of the Monetary Policy Committee produced identical votes. Regarding the 0..."
"EUR/USD rallied today on forecast that the European Central Bank will raise its minimum bid rate from 1% to 1.25% tomorrow. There is not much macroeconomic data from the US this we..."
"Recently Interbank FX have released their wall chart concerning the low-down of fx traders. “If foreign exhange is the “wild west” of trading. Then traders are the cowboys. Forex tr..."
"Poland’s central bank reference rate was hiked today to 4.0% from 3.75%. An initial 25-basis point increase on January 19 was the first tightening since June 2008. From November 2008 to Ju..."
"Australia’s Official Cash Rate will remain at 4.75% for at least another month. This decision by the RBA Board was expected. The key interest rate had previously been raised seven ti..."
"The People’s Bank of China raised the one-year lending rate by 25 basis points to 6.31% and the one-year deposit rate by the same magnitude to 2.25%. Three earlier increases, all by 25 basis poi..."
"China raised interest rates for the fourth time since the end of the global financial crisis to restrain inflation and limit the risk of asset bubbles in the fastest-growing major economy.
The benchma..."
"The Reserve Bank of Australia made it very clear last night that they do not plan to raise interest rates in the foreseeable future. Despite the rise in commodity prices, the RBA expressed little con..."
"The European Central Bank is facing a true dilemma with its upcoming interest rate vote. On the one hand, the Bank is cognizant of the rising rate of inflation in certain economies comprising the 17-m..."
"The People’s Bank of China has implemented a fourth increase of its lending and deposit rates, lifting such in an unexpected move by 25 basis points to 6.31% and 3.25%. Prior increases wer..."
"Officials of the Reserve Bank of Australia last raised their Official Cash Rate in November and are likely to keep such at 4.75% for a couple of additional months. Minutes from the March RBA Boa..."
"The Reserve Bank of Australia has a monetary policy announcement this evening and even though interest rates are not expected to be changed, the tone of the statement could seal the fate of the Aussie..."
"Comments from Federal Reserve Bank of Atlanta President Dennis Lockhart caused the dollar to drop against the yen on speculation the central bank will keep borrowing costs low. It is the first time in..."
"Saxo Bank, which in 2009 acquired about 30% of EuroInvestor, has now announced that it completed an acquisition of additional 41% of the leading European share and financial trading portal. This will..."
"The Bank of England has held the benchmark bank rate at 0.5 percent for the past two years but as rising prices continue to erode the buying power of the pound, pressure builds on the Bank to hike rat..."
"The premier event during the first full week of the second quarter will be the ECB press conference on Thursday at which a likely first interest rate hike will be explained and put in the context of w..."
"Couple of weeks ago ICAP reported a record breaking daily volume flow, amid the Japanese crisis. EBS, used by banks and big funds, handled $232.8 billion in deals on March 15th, making it the system?s..."
"11,101 companies participated in the latest quarterly survey by Japan’s central bank. In the table below which documents the evolution of results, abbreviations used in the first four colu..."
"Officials at the National Bank of Romania left their key interest rate 6.25%, extending the period of time at that level to at least twelve months. From a peak of 10.25%, the rate was cut five t..."
"Taiwan’s central bank Policy Board has raised key interest rates by 12.5 basis points just as it did at the end of third and fourth quarters of 2010. An initial increase was undertaken in..."
"Euro gaining in forex tradingThe euro is higher in forex trading against the U.S. dollar, but it can't maintain above the 1.42 level. The euro touched above 1.42, but has pulled back below that. Forex..."
"No one seems to be fazed by the crisis in Portugal or the Irish stress tests. After this mornings Eurozone?s flash inflation print (+2.6%), more than ever, the market expects the ECB to start the rate..."
"The last rate hike at the European Central Bank was by 25 basis points in July 2008 and shrouded in controversy, coming just over two months before the collapse of Lehman Brothers triggered an intensi..."
"The yen fell 0.7 percent to 83.07 to the dollar at 8:30 am in New York this morning from yesterday’s close of 82.48. Recent comments from the European Central Bank have raised expectations of an..."
"The euro gained on both the yen and the dollar following comments from European Central Bank member Jozef Makuch noting that it was “highly probable” that the bank will raise interest rate..."
"St. Louis Reserve Bank President James Bullard was quoted at a conference suggesting it was time for the Federal Reserve to consider slowing and even ending its current monetary easing policy. Accordi..."
"The Bank of Israel implemented a third consecutive interest rate hike. It was the ninth tightening since normalization began in August 2009 and the first one to exceed 25 basis point in size...."
"Magyar Nemzeti Bank officials decided to keep their base rate at 6.25%. This is the same action as taken at the February meeting and follows three consecutive hikes of 25 basis points in Novembe..."
"THE EUROPEAN Central Bank (ECB) is working on an emergency plan to deepen its support for Ireland?s ailing financial system with a new scheme to provide banks with more than ?60 billion in medium-term..."
"While keeping an eye on a whole smorgasbord of developments — Portugal, Libya, Fukushima reactor #3, Chinese growth, oil prices, and differences in the monetary stances of the ECB, Fed, and Bank..."
"As recommended by one of our valuable readers here’s an excerpt from an interesting story by WSJ trying to explain the record surge in the Japanese Yen last week. A day after a heart-stopping ra..."
"The South African Reserve Bank (SARB) left its repo rate unchanged at 5.5% as expected but released a more hawkish statement. Officials after the prior meeting in January had indicated their exp..."
"Bangko Sentral ng Pilipinas implemented its first rate change since July 2009, lifting its overnight borrowing rate and overnight lending rate by 25 basis points each to 4.25% and 6.25%. Declari..."
"A bailout for Portugal may total as much as 70 billion euros ($99 billion), said two European officials with direct knowledge of the matter.
A financial lifeline would be between 50 billion euros and..."
"Australian banks will weather the financial damage from natural disasters that struck the nation this year and face a period of slower growth as borrowers show restraint, the central bank said in a tw..."
"Caution from Moody's also affects U.K. poundThe sterling is lower in currency trading on the FX market today as concerns about Britain's economy are brought into focus. Indeed, the latest retail sales..."
Blog:
Global Forex BlogTidsstämpel: 2011-03-24 10:02
Taggar:
bank,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
fx market,
inflation,
market,
pound,
rate,
retail sales,
trading
"EUR/USD in currency tradingThe euro is surging higher in forex trading on the currency market today, thanks mainly to interest rate speculation. Forex traders expect that the ECB will raise rates by a..."
Blog:
Global Forex BlogTidsstämpel: 2011-03-24 09:55
Taggar:
bank,
currency,
currency trading,
economy,
forex,
forex trade,
forex trading,
market,
point,
rate,
trading
"The Central Bank of the Republic of Turkey increased reserve requirements by between two and five percentage points. As of April 1, most will range from 9% to 15%. This move was not antici..."
"The Bank of England’s March minutes showed that policymakers are taking a wait-and-see approach regarding the effect of oil prices on the economy, causing sterling to slump.
The pound dropped 0..."
"IMF would provide short-term foreign exchange swaps to central banks in developing nations as a way to handle financial shocks US Fed backs the idea, but wants to make sure the IMF sets tough standard..."
"Traiana, leading provider of post-trade solutions, announced today that it is providing real-time straight-through-processing (STP) connectivity through the Harmony network to parties wishing to link..."
"The Euro-zone’s near-term inflation outlook has not been changed by the disasters in Japan and G7 members would intervene again in yen FX markets if Japan decided it was necessary, a top ECB pol..."
"The euro gained 0.1 percent to $1.4238 this morning in New York to reach a five-month high against the dollar. Speculation that the European Central Bank will soon raise interest rates to deal with ri..."
"Sterling jumps in currency trading on latest inflation reportThe U.K. pound forex trading forecast is in question right now, thanks to the latest inflation report. Once again, it appears that inflatio..."
Blog:
Global Forex BlogTidsstämpel: 2011-03-22 10:55
Taggar:
bank,
currency,
currency trading,
dollar,
forex,
forex trading,
inflation,
pound,
rate,
report,
trading
"State Street, the major forex bank hit with multiple lawsuits over claims of unfair forex pricing, has settled with one of its suitors. State Street is only one of a several major banks, including BNY..."
"Sterling in forex tradingU.K. pound is getting a boost in currency trading on the FX market today as risk appetite prevails. Higher equities, including in the U.S., are helping the sterling in forex t..."
Blog:
Global Forex BlogTidsstämpel: 2011-03-21 09:58
Taggar:
bank,
currency,
currency trading,
forex,
forex trading,
fx market,
market,
pound,
rate,
retail sales,
trading
"We do not know the exact details by Saxo Bank has probably paid some sum to settle these charges. The Dubai Financial Services Authority (DFSA) today censured Saxo Bank Dubai Limited (SBDL) for its fa..."
"The last week has witnessed unprecedented volatility in the Japanese Yen. Following the earthquake/tsunami and the inception of a nuclear crisis, the Yen defied all logic (and embarrassingly, my own p..."
"Japan, where much of this past week’s attention has been, will be shut Monday for the Vernal Equinox holiday. Central bank meetings are scheduled in South Africa and the Czech Republic, an..."
"Using many arguments, analysts like to downplay the usefulness and effectiveness of currency market intervention whenever that policy tool is employed. They say central banks lack the firepower to mov..."
"The Bank of Japan said explicitly last night that their intervention will NOT be sterilized. This is VERY good because it gives their intervention efforts a greater chance of succeeding.
Interventi..."
"The Central Bank of Chile raised its key overnight interest rate by 50 basis points, surprising analysts who’d expected an increase of 25 basis points. The central bank has been normalizin..."
"18 March 2011 - Statement of G7 Finance Ministers and Central Bank Governors
We, the G7 Finance Ministers and central bank governors, discussed the recent dramatic events in Japan and were briefed by..."
"Oil climbed above $103 a barrel Friday morning following the news that the UN has mandated the enforcing of a no-fly zone in Libya. The market fears the authorization of military action could lead to..."
"Economists with Canada’s largest banks feel there is little likelihood of the events in Japan triggering a return to recession for Canada or the global economy as a whole.
“Obviously horri..."
"G7 finance ministers and central bankers released a joint statement announcing that Japanese authorities had requested and been granted the help of concerted intervention by the United States, Canada..."
"With the continuation of violence in the middle east and the tragic events in Japan taking most of the headline space, it may be tempting to think that the Eurozone debt crisis had been solved. It has..."
"The yen strengthened to a new historic high of 76.25 per dollar before the Asian open, breaking the old peak of 79.85 reached April 19, 1995. At 78.35/USD, Japan’s currency still shows a n..."
"While leaving their key policy interest rate at 2.0% for a seventh straight meeting, officials at the Norges Bank released a statement that bumps the projected policy rate range for the coming three m..."
"After peaking at 18% in October 2008, the Sedlabanki seven-day lending rate was cut by 800 basis points in 2009, 550 bps in 2010, and by 25 basis points to 4.25% at the first policy meeting of this ye..."
"LONDON -(Dow Jones)- Currencies trading platform EBS Tuesday handled its heaviest flows since last September’s super-sized official intervention to weaken the Japanese yen, reflecting the huge g..."
"The British Pound has risen almost 15% against the Dollar over the last twelve months. It seems that the markets are ignoring the fiscal concerns that sent the Pound tumbling in 2010, and focusing mor..."
"The sell-off in USD/JPY this evening is one of the top 5 largest moves ever for USD/JPY. Whenever USD/JPY experiences such sharp volatility over a short period of time, the Bank of Japan usually come..."
"The Bank of Japan added another $98 billion to yesterday’s 183 billion earmarked to support the country’s banking system in the face of the ongoing crisis. The injection came in two stages..."
"Swissquote Bank, the Swiss Bank which acquired ACM back in October 2010, has recently released its 2010 financial report which allows us to gather some interesting data about the deal. It’s also..."
"Japan is under a radiation alert, as more explosions and fire at a nuclear reactor lift risk of a meltdown. Radiation levels near Tokyo above normal. Bank of Japan support seen too timid f..."
"CitiFX is positioning itself as a ‘retail forex bank’ – which is very useful for small to medium size money managers and funds. See is now working hard to reach its target audience a..."
"The Canadian dollar – AKA the “loonie” – traded at 97.23 cents per U.S. dollar at 7:57 a.m. in Toronto, compared with 97.32 cents on March 11. The loonie touched 96.69 cents on..."
"The Bank of Japan has pumped 15 trillion yen ($183bn; £114bn) into the country’s banking system in the wake of Friday’s tragic earthquakes and tsunami to restore confidence in Japan’..."
"The Bank of Japan poured a record amount of cash into the financial system and doubled the size of their asset-purchase plan to shield the economy from the effects of the nation?s strongest earthquake..."
"Following a 4 hour, 44 minute meeting, the Bank of Japan released a statement that took several actions to “maintain financial intermediation function an secure smooth fund settlements.” 1..."
"This is the full document of the class action suit filed against Bank of New York Mellon (BNY Mellon) by Southeastern Pennsylvania Transportation Authority (SEPTA). If this is indeed what happened the..."
"Central Banks interest-rate setting committees hold meeting next week in the United States, Japan, Norway, Switzerland, Poland, Hungary and Iceland. The Bank of Japan is also releasing a new mon..."
"Recovery from the severest global financial crisis and recession since the 1930s is less than two years old, and many advanced economies continue to experience crippling rates of unemployment that hav..."
"William Dudley, Federal Reserve Bank of New York President, described the recent growth in manufacturing jobs in the US as “particularly encouraging” in a speech delivered thin morning in..."
"Bank Negara Malaysia kept its Overnight Policy Rate at 2.75%, the level since a 25-basis point hike last July. There were also 25-bp increases in March and May of 2010. On-year CPI inflati..."
"The Central Reserve Bank of Peru lifted its reference rate by 25 basis points for the third straight month and released a statement calling the action “preventive” in the face of risi..."
"With a severe earthquake and tsunami hitting Japan, waves reaching as far as Hawaii and talk of Portugal requiring a bailout if Germany votes no on expanding the EFSF, we would be surprised if risk ap..."
"Despite solid industrial production and factory output data released today and inflation that is twice as high as the Bank of England medium-term target of 2%, officials on the nine-member Monetary Po..."
"If you needed any more proof that not only retail forex brokers mess with forex prices you now have another suit against a major bank for just the same. Reuters reports that Bank of New York Mellon wa..."
"U.K. pound in currency tradingSterling is lower in forex trading on the currency market today as the Bank of England keeps interest rates the same. Continued concern about inflation is weighing on for..."
Blog:
Global Forex BlogTidsstämpel: 2011-03-10 12:07
Taggar:
bank,
currency,
currency trading,
forex,
forex trade,
forex trading,
inflation,
market,
oil,
pound,
rate,
trading
"The pair had been under selling pressure for most of the Asian session already after China reported its first trade deficit in 11 months and German Trade data missed market estimates. The EUR/USD cam..."
"A slew of negative economic surprises along with an unexpected downgrade of Spain by Moody?s pushed risk FX lower through most of Asian and European session Top Stories Moody's downgrades Spain sendi..."
Blog:
Global Forex BlogTidsstämpel: 2011-03-10 08:24
Taggar:
aussie,
bank,
bull,
cable,
currencies,
currency,
economy,
employment,
finance,
gold,
industrial production,
inflation,
long position,
market,
oil,
point,
rate,
report,
retail sales,
trade balance
"The Reserve Bank of New Zealand Reduced its Official Cash Rate by 50 basis points to 2.5%, returning to the cyclical low maintained for 14 months following 575 basis points of ease between July 2008 a..."
"This week’s policy decision is a difficult read. Since splitting 6-3 in February, with six monetary policy committee members voting for no change, two wanting a Bank Rate hike of 25 basis..."
"Fortex, Inc., a provider of independent, real-time multi-asset trading platforms, announced that it has deployed its high-performance, low-latency Fortex FX platform for Sun Hung Kai Financial (?SHKF?..."
"Damages from the South Island earthquake on February 23rd may exceed 7.5% of of New Zealand GDP and perhaps even reach 10% of it. A majority but by no means all analysts expect the Reserve Bank..."
"I was on the Business News Network this morning talking about China, the outlook for major central banks and the Canadian dollar. Click on the image to access the video:
"
"The Bank of Thailand’s Monetary Policy Committee voted unanimously to lift its key interest rate to 2.5% from 2.5% today. Earlier rate hikes of the same size were announced on January 12..."
"The euro gained 0.1 percent on the dollar rising to $1.3924 in New York this morning as speculation grows the European Central Bank will buy bonds to help Eurozone countries facing debt pressures. Bon..."
"Euro in forex tradingThe euro is gaining in forex trading on the currency market as the situation changes somewhat in the euro zone. Concerns about Portugal are still there, but the European Central B..."
Blog:
Global Forex BlogTidsstämpel: 2011-03-09 11:12
Taggar:
bank,
currencies,
currency,
currency trading,
dollar,
forex,
forex trading,
gold,
market,
pound,
trading
"FX360.com | The lack of U.S. economic data this morning has once again led to relatively quiet trading in the foreign exchange market. The lack of U.S. economic data this morning has once again led..."
Blog:
Global Forex BlogTidsstämpel: 2011-03-09 10:21
Taggar:
bank,
bear,
bull,
cpi,
currency,
currency pair,
dollar,
economy,
employment,
finance,
foreign exchange,
inflation,
market,
oil,
point,
pound,
rate,
report,
retail sales,
trading
"fx360.com With the rally in equities, the pullback in commodity prices and the rise in Treasury yields, the improvement in risk appetite should have driven the dollar lower. USD: NERVOUSNESS REIGNS &..."
Blog:
Global Forex BlogTidsstämpel: 2011-03-08 20:25
Taggar:
announcement,
aussie,
bank,
bear,
consumer confidence,
consumer sentiment,
currencies,
currency,
currency pair,
currency trade,
dollar,
economy,
employment,
finance,
financial,
industrial production,
inflation,
margin,
market,
oil,
point,
pound,
price index,
profit,
rate,
report,
retail sales,
spread,
trading
"German Bundesbank President Axel Weber, an unapologetic inflation-fighting hawk, suggested today that the ECB should and probably will implement a series of rate increases during 2011, not just one.&#..."
"The euro fell half a percent to $1.3901 by 7:57 am in New York after touching a four-month high yesterday. The sell-off was triggered by Moody’s downgrading of Greece which brought the euro debt..."
"EUR/USD was pressured all night long dropping to a low of 1.3921 in mid-morning European trade as sovereign debt concerns continued to dog the pair. FX360.com The EUR/USD was pressured all night lo..."
"Sterling loses ground in currency tradingThe U.K. pound is struggling today in forex trading on the currency market on the latest news about the changes to the monetary policy committee. The Bank of E..."
Blog:
Global Forex BlogTidsstämpel: 2011-03-08 10:45
Taggar:
aussie,
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bear,
currencies,
currency,
currency trading,
dollar,
forex,
forex trade,
forex trading,
fx market,
market,
pound,
rate,
trading
"A group of top currency-dealing banks has delayed plans to launch a new banks-only trading system, opting to wait until the regulatory environment for foreign exchange becomes clearer in the coming mo..."
"The euro has made steady gains against the dollar for the past week as speculation intensifies that the European Central Bank will lift interest rates sooner than previously expected. The euro matched..."
"General Atlantic, a major Saxo Bank shareholder with 22% of the company, is looking to cash in on the investment amid more than positive climate for this. Saxo Bank last week reported that it tripled..."
"I ended my previous post on the subject by noting that emerging market Central Banks were at a crossroads. Either they would raise interest rates and accept currency appreciation, or they would risk h..."
"Who are the biggest banks in foreign exchange?
"
"Real Forex has moved there servers to NY4 with fiber cross connections to more than 10 bank and non-bank liquidity providers for higher speed pricing and execution resulting in enhanced fill rates. In..."
"After 375 basis points of reduction from 8.25% to 4.5% during the first seven months of 2009, the benchmark Bank of Mexico interest rate has not been changed since July 2009. Analysts are not ex..."
"Central Bank interest rate meetings will be held next week in New Zealand, Thailand, Britain, South Korea and Peru. EU leaders are holding a summit at the end of the week. Japan is releasing the..."
"EUR/USD climbed today as European Central Bank President Jean-Claude Trichet said that the interest rates may be higher next month. The ECB maintained its benchmark interest rate unchan..."
"Describing inflation risks as “balanced” within the 17-nation Eurozone, the European Central Bank left the region’s benchmark lending rate at 1 percent. For January, Eurozone inflati..."
"The EUR/USD ripped higher after ECB President Trichet telegraphed a possible rate hike next month. The rise in oil prices has hit a cord with the central bank, prompting them to step on the accelera..."
"COPOM, the Bank of Brazil’s policy-making committee, increased its Selic rate to 11.75% from 11.25%, bringing cumulative tightening over the past eleven months to 300 basis points in five steps..."
"Narodowy Bank has implemented just one hike of its reference rate thus far, a 25-basis point increase on January 19 to 3.75%. From June 2008 to November 2008, the rate had crested at 6.0%, still..."
"EUR/USD advanced today as the signs of slower economic recovery in the US spurred the speculation that the Federal Reserve will stick to its quantitative easing..."
"The fourth quarter of 2010 proved to be a strong revival for the Canadian economy and has observers betting that the Bank of Canada will resume interest rate hikes sooner than previously expected. Ove..."
"The Australian Official Cash Rate was left at 4.75% as expected. Australia escaped the Great Recession, thanks to heads-up monetary and fiscal stimulus. The cash rate was slashed to 3.0% f..."
"The dollar shows gains of 0.3% against the yen and 0.2% relative to the kiwi. The U.S. currency is unchanged against the yuan and Swiss franc and down 0.1% against sterling, the Canadian dollar..."
"The Bank of Canada quashed hopes that it would hint at an interest-rate increase coming soon.By Deborah Levine NEW YORK (MarketWatch) -- The Canadian dollar turned down against its U.S. counterpart o..."
"If last week?s musings by European Central Bank Governing Council member Yves Mersch failed to convince observers that a Eurozone interest rate hike is on the way, today?s inflation numbers should pro..."
"The dollar was weaker against most of the major currencies today as investors bet on the continuation of the “QEII” stimulus spending program. The euro was also boosted on speculation that..."
"Focus returns to Ben Bernanke and Fed policyFocus is returning to Ben Bernanke and the Federal Reserve. Tomorrow, Bernanke is expected to provide testimony before Congress on monetary policy and his e..."
"BNN looks at the currency markets ahead of the Bank of Canada's rate decision and ongoing events in North Africa with Kathy Lien, Director of Currency Research, GFT Forex.Copy and paste this link in t..."
"BNN looks at the currency markets ahead of the Bank of Canada's rate decision and ongoing events in North Africa with Kathy Lien, Director of Currency Research, GFT Forex."
"Being the first week of a new month, a bunch of central bank meetings, purchasing manager surveys, and U.S. labor market indicators are planned for the week of March 4. The monetary policy annou..."
"The Colombian interest rate was raised today by 25 basis points in the first advance since July 2008. The benchmark central bank rate had been 3.0% since a 50-basis point cut on April 30, 2010 t..."
"On February 8th, the People?s Bank of China raised the one-year lending rate twenty-five basis points to 6.06 percent. This marked the third rate increase in four months and most observers believe mor..."
"EUR/USD dropped today as the reports showed that the US economy improved. The growth of GDP and the improvement of the confidence in the jobs mar..."
"Bank Rossii today escalated its attack on inflation. Propelled mostly by higher food costs, the 12-month rate of CPI inflation had risen to 9.6% in January from 8.8% in December, 8.1% in Novembe..."
"Sterling lower in currency tradingThe sterling is heading lower in currency trading on the FX market today as various issues raise concerns about the British economy. The U.K. pound has broken below r..."
Blog:
Global Forex BlogTidsstämpel: 2011-02-25 13:18
Taggar:
bank,
consumer sentiment,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
fx market,
inflation,
market,
pound,
trading
"EUR/USD rose today for the second day on the speculation that the European Central Bank will raise the interest rates before the Federal Reserve. The currency p..."
"By Evaldo Albuquerque, editor, Exotic FX Alert
Imagine getting a letter from your bank saying your mortgage bills will double starting next month.
If you were paying $1,200 a month, you?re now resp..."
"As investors speculate a rate cut by New Zealand's central bank, Kathy Lien, director of currency research at GFT, expects further downside in the Kiwi dollar."
"The world is watching the dollar’s inability to attract the traditional geopolitical safe haven bid. The situation in the Middle East has so far has seen funds being repatriated back to home cur..."
"Relatively speaking, the Chinese Yuan has been on a tear, appreciating ~1% in a little more than a month. One has to wonder whether this is a concession by the People’s Bank of China (PBOC) that..."
"The crisis in the Middle east is intensifying and I have been bogged down for the past few days running between the office and the NY Traders Expo where Boris and I will be speaking this afternoon.
M..."
"Following increases of Magyar Nemzeti Bank’s Base Rate by 25 basis points each on November 29, December 20, and January 24, such was left steady at 6.25% this month. 625 basis points of ea..."
"After meeting on February 18th and 19th, the Group of Twenty finance ministers and central bank chiefs released a four-page statement that Assessed the global economy to be recovering unevenly and wit..."
"The two-day summit of G20 finance ministers and central bankers concludes Saturday. Minutes from meetings of the Bank of Japan Policy Board and the Bank of England Monetary Policy Committee will..."
"Risk-sensitive currencies are surviving despite a China reserve requirement ratio hike and confirmation from Egyptian authorities that Iran had formally requested permission to transit the Suez Canal..."
"Reserve ratios for large Chinese banks were lifted to 19.5% from 19.0%, effective February 24. There had been six increases of the ratio during 2010, the final three of which were crammed into f..."
"Consumer prices rose four percent in January adding further pressure to the Bank of England to raise interest rates from the current 0.5 percent. As speculation that the Bank will be forced to act wit..."
"U.K. pound gains in forex tradingThe sterling is higher in currency trading on the FX market today, thanks to the latest economic data. Positive economic data, including better than expected retail sa..."
Blog:
Global Forex BlogTidsstämpel: 2011-02-18 11:48
Taggar:
aussie,
bank,
currencies,
currency,
currency trading,
dollar,
forex,
forex trading,
fx market,
market,
pound,
rate,
retail sales,
trading
"Over the past 3 weeks, central banks around the world have made a number of comments that have affected rate hike expectations. On Jan 27th, I showed where rate hike expectations were at the time and..."
"The outlook for Europe and the U.S. remains mixed but on one thing all pundits can agree; 2011 will be Australia?s year. And even though the new year got off to an auspicious start with floods and ot..."
"The pound fell 0.7% against the dollar, depressed by the Bank of England?s quarterly Inflation Report, which predicted sub-2% CPI inflation late next year if rates were to rise as markets are discount..."
"The Bank of England’s Quarterly Inflation Report is one of the most important pieces of documents released by the central bank. The Inflation Report includes the central bank’s latest gro..."
"Bank of England Governor Mervyn King said that inflation will likely continue to rise during the first half of the year, but would fall back to an acceptable level beginning in the second half of 2011..."
"Cable plummets on the FX marketThe U.K. pound is down in currency trading on the FX market as the Bank of England expresses a rather neutral outlook for inflation. Concerns about the speed of economic..."
Blog:
Global Forex BlogTidsstämpel: 2011-02-16 12:04
Taggar:
aussie,
bank,
cable,
currency,
currency trading,
dollar,
forex,
forex trading,
fx market,
inflation,
market,
pound,
trading
"No additional policy changes have been undertaken by the Central Bank of the Republic of Turkey. Like many emerging economies, Turkey has experienced higher inflation. Whereas other centra..."
"The Riksbank Executive Board has implemented a fifth repo rate increase of 25 basis points following similar increments last July 1, September 2, October 25 and December 15. The rate level becom..."
"Central bank decisions have been announced in Japan, Sweden and Turkey. Euroland fourth-quarter GDP figures were weaker than forecast. The United States released retail sales, import price..."
"A jump in rent prices contributed to an increase in China’s inflation rate during the month of January. Excluding food, prices rose the most in six years to 4.9 percent from one year ago. The ne..."
"Economy has a ways to goJanuary retail sales disappointed analysts today. They did rise, but not as much as expected. Some were hoping for some carryover from the holiday season, and optimism by U.S..."
"MIG Bank has just launched a new campaign aimed at explaining its execution model. Basically they claim to be using similar to FXCM’s agency model – where banks ‘compete’ for p..."
"Take a closer look at what a dealing desk is, and how ?no dealing desk? brokers stand up to dealers and market makers. GARY TILKIN PRESIDENT AND CEO, GFT Recently, there has been a lot of..."
Blog:
Global Forex BlogTidsstämpel: 2011-02-14 09:56
Taggar:
announcement,
bank,
brokers,
currency,
currency trading,
financial,
foreign exchange,
forex,
forex market,
market,
profit,
rate,
report,
spread,
trading
"In January, officials at the Bank of Korea raised their Base Rate by 25 basis points when analysts weren?t expecting a move, and on February 11 they kept the key rate at 2.75% when the market had been..."
"Bangko Sentral ng Pilipinas again left its key repo rate at 6.0% and reverse repo rate at 4%. The central bank is one of very few in Asia not to have begun raising rates, and the point is made i..."
"The statement released by the Monetary Policy Committee on February 10th fit the usual standard when no policy changes are implemented, stating the decision of keeping the Bank Rate at 0.5% and the as..."
"Many key economies release 4Q GDP data next week. Central banks will be meeting in Japan, Sweden, and Turkey. The Bank of England releases its quarterly Inflation Report, and Bank of Japan revea..."
"Sterling fell 0.7 percent to $1.5984 in early afternoon trading in London today following the Bank of England’s decision to hold interest rates at the current level. Opinion is swiftly moving to..."
"There are a number of forces currently competing for control of forex markets: the ebb and flow of risk appetite, Central Bank currency intervention, comparative economic growth differentials, and num..."
"Positive economic indicators can't overcome risk aversion for the sterlingThanks to the environment of risk aversion today, the U.K. pound is floundering in currency trading. The news about the Bank o..."
Blog:
Global Forex BlogTidsstämpel: 2011-02-11 12:03
Taggar:
bank,
consumer sentiment,
currency,
currency trading,
dollar,
forex,
forex trade,
gold,
indicators,
market,
oil,
pound,
trading
"A two-day drop in commodity prices has pushed the Canadian dollar to its lowest level in a week against the US dollar. The loonie declined 0.4 percent to 99.77 cents per US dollar this morning in New..."
"Helicopter Ben, the Captain of QE2 gave the dollar the ?nod? during his testimony yesterday. This certainly raised a few eyebrows and did nothing to dissuade the record Central Bank interest in wantin..."
"I just confirmed this with Interbank FX themselves as I wondered whether 99.9% execution rate relates to ALL deals sent by clients or just to those accepted and then later on rejected by liquidity pro..."
"The smart money, which says the Monetary Policy Committee will again elect not to change policy settings, may be whistling past the cemetery. Resistance to a bank rate hike of 25 basis points to..."
"NY Times noticed a new promotion run by Saxo Bank in the UK asking “paid in shares this month?” – basically Saxo Bank offers to turn stock bonuses into trading collateral. Some backg..."
"Euro gains amidst ECB succession speculationThe euro is heading higher on the FX market as forex traders consider the possible successor to Jean Claude Trichet. The European Central Bank's current pre..."
Blog:
Global Forex BlogTidsstämpel: 2011-02-09 13:00
Taggar:
bank,
currency,
currency trading,
dollar,
forex,
forex trade,
forex trading,
fx market,
inflation,
market,
rate,
trading
"While yesterday’s post was about Advanced Markets cooperating with Deutsche Bank on a similar service, this one is on whole new level – Saxo Bank is much much bigger than Advanced Markets..."
"For the third time in less than six months, China has raised its benchmark lending rate in a growing effort to slow the pace of growth in the rapidly-expanding economy. The one-year lending rate will..."
"China raised interest rates for the third time since mid-October ahead of a report forecast to show inflation accelerated to the fastest pace in 30 months.
The benchmark one-year lending rate will inc..."
"The People’s Bank of China raised both its one-year lending rate and deposit rate by 25 basis points to 6.06% and 3.0%. Like the prior increase announced on Christmas Day, officials chose..."
"The repo rate had been cut by 50 basis points in November and 25 bps each in December and January but was left unchanged this month at 7.0%. 200 bps of cuts were implemented in the first half of..."
"After an uneventful Monday, markets finally have some important news: The Peoples Bank of China announced hikes of 25 basis points each in the one-year lending rate to 6.06% and in the one-year deposi..."
"Euro higher in forex tradingThe euro has been somewhat volatile in forex trading on the currency market recently, with some thinking the euro is overbought and headed lower, while some indications are..."
"Since the beginning of the month, the British pound has staged a dramatic rally against the U.S. dollar on the belief that the Bank of England will have to raise interest rates very soon. In slightly..."
"Custodian service in Forex (and other markets) basically allows large traders to keep their money in their own bank while being able to trade with brokers who offer this service. Bank to bank settleme..."
"EUR/USD extended its losses as the European Central Bank kept its main interest rates unchanged yesterday and as US unemployment rate dropped. On the other hand, non-farm..."
"Bank Indonesia became one of the last Asian central banks to begin raising interest rates today with a hike of 25 basis points in its benchmark to 6.75%. The move is being characterized as a pre..."
"Monetary officials at the Czech National Bank kept the two-week repo rate steady at 0.75%, which had been the universally expected outcome, and released a statement that does not imply a tightening be..."
"The National Bank of Romania left its monetary policy rate unchanged at 6.25%, its level since a 25-basis point cut last May 4th. There were five rate cuts from February 2009 to September 2009 t..."
"President of the European Central Bank Jean-Claude Trichet said that inflation risks are “broadly balanced”, reducing bets that ECB will raise interest rates and driving EUR..."
"The euro declined for the second day following European Central Bank President Jean- Claude Trichet’s assessment that the risk of inflation within the Eurozone is “broadly balanced”..."
"After reducing Ireland’s credit rating one notch to A- earlier today, Standard & Poors warned that a further reduction is possible but is waiting to evaluate the impact of recent capital in..."
"Sedlabanki’s seven-day key lending rate was reduced to 4.25% from 4.5%. The marginal lending rate, 28-day CD rate, and deposit rate were each also sliced by 25 basis points to 5.25%, 4.0%..."
"The Bank of Canada has revised upwards by a full percentage point, its prediction for expansion in the U.S. economy. The Bank of Canada now expects the U.S. economy to grow by 3.2 percent, while the B..."
"The Australian dollar is on a tear this morning thanks to the upbeat tone of the Reserve Bank and their nonchalant comments about the floods. As a commodity currency, the Australian dollar has a very..."
"The Canadian dollar gained 0.4 percent to 99.72 cents per US dollar in early morning trading in New York. An uptick in commodity prices yesterday helped push the Canadian dollar higher despite comment..."
"Bank Rossii left its key refinancing rate at 7.75%, its level since June 2010. The rate had been cut by 425 basis points during 2009 and a further 100 bps over the first five months of 2009...."
"Bank of Canada Governor Mark Carney said in a television interview that “one of the risks to the Canadian economy is persistent strength to the Canadian dollar”. The “loonie” a..."
"The Canadian dollar?s 22% surge against the U.S. currency has become such a threat to the economy that central bankers and chief financial officers are encouraging the loonie to weaken.
?One of the ri..."
"Consumer prices in the Eurozone rose by 2.4 percent in January compared to the same month one year ago. The sharp jump in prices is being attributed to higher energy and commodity costs and is sure to..."
"By now, we?re all too familiar with both the so-called currency wars and its underlying cause ? the inexorable appreciation of emerging market currencies. As more and more Central Banks enter the war..."
"Euro in forex tradingInflation in the euro zone is still above the target set by the European Central Bank. The news is helping the euro today in forex trading on the currency market. Also helping is..."
"Central banks in Australia, Euroland, the Czech Republic, Romania, Indonesia and Mexico hold interest rate policy meetings in the week to February 4. The ECB monthly Bulletin and Australian quar..."
"Policymakers at Bank Negara Malaysia retained a 2.75% key rate, its level for the past half-year. The Monetary Policy Committee doesn’t meet again until March 11. There were three ra..."
"Wondering when a central bank is set to raise interest rates? Here’s what the market pricing in for each of the major central banks. As you can see, a full 25bp of tightening has not been pric..."
"Some meetings of the FOMC attract tremendous prior attention. This has not been one of those although the first meeting of every year creates some uncertainty as four new reserve bank presidents..."
"The Norges Bank as expected, retained a 2.0% key interest rate level, same as since May 2010 for essentially the same reasons as given in December. Core inflation is running at about 1.5%, a per..."
"The Federal Open Market Committee meets today for the first of eight scheduled dates in 2011. A statement at 19:15 GMT is not expected to modify policy. Minutes from the Bank of England’s..."
"Mervyn King will not be swayed by ?adverse publicity over high inflation?. The BOE believes that the increase in prices are not domestically generated. Similar to most CBankers, King is expected to le..."
"The Reserve Bank of India today implemented another round of 25-basis point hikes in its key repo lending rate to 6.5% and its reverse repo borrowing rate to 5.5%. Officials also retained their..."
"Home prices in the US decline 1.6 percent in November compared to the same month one year ago according to the S&P/Case-Shiller index of new home values. An increase in home foreclosures adding t..."
"Gold slumped to a ten-week low Tuesday with the spot price falling to $1,326.90 an ounce on increasing investor risk-appetite. With the appeal of safe-harbor investments waning, demand for gold is exp..."
"Euro, pound lower against the U.S. dollarRisk appetite is all but gone on the forex market today. Forex traders are a bit cautious as concerns about various economies comes into play. They are waiting..."
Blog:
Global Forex BlogTidsstämpel: 2011-01-25 08:49
Taggar:
bank,
currencies,
currency,
currency trading,
dollar,
economy,
forex,
forex market,
forex trade,
forex trading,
inflation,
market,
point,
pound,
rate,
trading
"The process of gradual interest rate normalization took another step today in a move that analysts mostly anticipated. This was the seventh increase so far but the first in four months. Al..."
"Officials at Magyar Nemzeti Bank raised the Hungarian Base Rate by 25 basis points for a third straight month and suggested further increases could occur in the future. A statement from the cent..."
"The British pound decreased 0.3 percent to $1.5950 by 1:00 pm in London today as the likelihood of an interest rate increase appeared less certain.
?Expectations that there will be an interest-rate h..."
"Ireland, sovereign debt weigh on euro in forex tradingEvents continue to put pressure on the euro in forex trading on the currency market. Worries about what is happening in the euro zone are sending..."
Blog:
Global Forex BlogTidsstämpel: 2011-01-24 08:36
Taggar:
bank,
currencies,
currency,
dollar,
economy,
financial,
forex,
forex trading,
fx market,
market,
oil,
trading
"A few years ago, I wouldn’t deign to discuss such obscure currencies as the Chilean Peso and the Peru New Sol. But this is a new era! These currencies – and their Central Banks – are..."
"US Policy makers are working behind the scenes to come up with a way to let states declare bankruptcy and get out from under crushing debts, including the pensions they have promised to retired public..."
"A 0.8 percent decline in retail sales brought about by rising consumer prices triggered the fourth straight day of losses for the British pound. The decline was the worse on record for a December when..."
"The euro rose 0.4 percent to $1.3566 in New York this morning as a report showed business confidence in Germany beat predictions and rose to a record high in January.
?Recent data suggested the econom..."
"During the week to January 28, 2011, central banks will be making interest rate policy announcements in the United States, Japan, Norway, New Zealand, India, Hungary, Hong Kong, Israel, and Malaysia.&..."
"South African monetary officials, who meet less frequently than most central bank policy boards, implemented three rate reduction in 2010 including its prior two meetings in July and November. T..."
"On the very last day of 2010, Zhou Xiachuan, Governor of the People?s Bank of China, said that the Bank?s number one priority for 2011 is the stabilization of food prices. It is hard to argue against..."
"The one-week repo rate of the Central Bank of the Republic of Turkey has been reduced another 25 basis points to 6.25%. Such was cut 50 basis points in the middle of last month, its first change..."
"The quarterly Bank of Canada Policy Report is loaded with useful information about how central bankers in this and other countries may view conditions and prospects in the Canadian and global economie..."
"The Monetary Policy Committee of the Narodowy Bank lifted its key reference rate by 25 basis points to 3.75%, effective tomorrow. Roughly two-thirds of analysts anticipated this initial tighteni..."
"Bank of Canada officials decided to keep its overnight money rate at 1.0%, flanked by a 1.25% Bank Rate and a 0.75% deposit rate. A new statement from monetary officials does not flag a hei..."
"The Bank of Canada has left its trendsetting interest rate at one per cent, unchanged since it last raised rates in September. The central bank says global conditions have improved slightly since its..."
"An increase in inflation to 4.8 percent from 4.7 percent in December has ramped up pressure on the Bank of England to raise interest rates to ease price increases. According to the Office for National..."
"This morning’s headline German ZEW economic sentiment rose by 11.1 point last month. Considering the positive global recent data, this is further proof that capital investment is gaining momentu..."
"Euro higher in forex trading as EU moves to evaluate its healthThe European Union is planning another round of bank stress tests. And these, say euro zone leaders, will be tougher than the tests condu..."
"U.K. pound gains against the U.S. dollar in currency tradingSterling is heading higher in forex trading on the currency market as inflation provides a boost. Indeed, inflation in the U.K. is providing..."
Blog:
Global Forex BlogTidsstämpel: 2011-01-18 09:05
Taggar:
bank,
currency,
currency trading,
dollar,
economy,
forex,
forex trade,
forex trading,
fx market,
inflation,
market,
pound,
rate,
trading
"Analysts predict that the Bank of Canada will leave the overnight rate at the current one percent when it announces its interest rate decision Tuesday morning at 9 a.m. Toronto time. In fact, bets are..."
"Investors abandoned the euro after five days of gains and ahead of a European finance ministers meeting set for later today. European Union Economic and Monetary Commissioner Olli Rehn said officials..."
"Being a practitioner of fundamental analysis, you could say that I’m always on the lookout for hard evidence that fundamental analysis is superior to technical analysis. Thus, I was delighted to..."
"U.S. markets are closed Monday for Martin Luther King’s birthday. Central bank interest rate meetings will be held next week in Canada, Brazil, Mexico, Poland and Turkey. The Bank of Canad..."
"A 2.3 percent jump in energy prices from November to December pushed inflation higher in the Eurozone while consumer prices rose 0.6 percent. European Central Bank president Jean-Claude Trichet warned..."
"The People’s Bank of China raised reserve requirements. For big banks, such will become 19% on January 20, up from 18.5%. There have so far been seven increases of reserve requiremen..."
"Chile’s central bank ended a string of seven consecutive monthly interest rate hikes totaling 275 basis points to 3.25%. Some analysts had projected an eighth consecutive increase after ne..."
"The Bank of England’s Monetary Policy Committee announced today that the benchmark lending rate would be held at 0.5 percent. The MPC also said there were no immediate plans for further economic..."
"The Bank of England web site has confirmed that the Monetary Policy Committee left the Bank Rate at 0.5%, its level since March 2009, and did not expand the GBP 200 billion ceiling on the Asset Purcha..."
"Sterling still gains against the U.S. dollarIn a move that wasn't terribly surprising, the Bank of England kept its interest rate steady. However, maintaining the interest rate at its low rate is beco..."
Blog:
Global Forex BlogTidsstämpel: 2011-01-13 11:35
Taggar:
bank,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
inflation,
point,
rate,
trading
"Political tensions had persuaded the Bank of Korea’s Monetary Policy Committee not to raise interest rates in December as it had done in November and July, and analysts were anticipating a simil..."
"During this prolonged span of ultra-low interest rates, the Governing Council of the European Central Bank has preferred to introduce initiatives and pertinent information at its March, June, Septembe..."
"Reading the following: “InformedPoints Becomes First Virtual Currency to Enter Global Currency War: InformedPoints, a virtual currency that can be purchased or earned by members of the InformedT..."
"Saxo Bank sponsors cycling team, FxPro football teams, FXOpen and MIG sponsor racing events and now we have the first forex sponsor of a basketball team – Alpari US will become an official partn..."
"Bank of England policy is stalemated, with the Bank Rate at 0.5% since March 2009 and the GBP 200 billion limit on the asset purchase program exhausted since end-January 2010. The October, Novem..."
"China revealed today that Chinese banks issued new loans in the amount of 7.95 trillion yuan ($1.2 trillion) in 2010, exceeding the government’s target of no more than 7.5 trillion yuan. At the..."
"Japan announced that it was prepared to buy bonds from Eurozone countries even as Portugal continues to deny it will require an emergency bailout. Yields on Portuguese 10-year bonds remained above 7 p..."
"On the very last day of 2010, Zhou Xiachuan, Governor of the People?s Bank of China, said that the Bank?s number one priority for 2011 is the stabilization of food prices. It is hard to argue against..."
"Peru has had one of the fastest-growing economies. So while a sixth rate increase announced late yesterday by the Central Reserve Bank of Peru surprised analysts in its timing, the move made con..."
"Sterling higher in currency tradingInflation continues in Britain, and that means that the Bank of England may be interested in raising rates at their next meeting. Inflation has been above target for..."
Blog:
Global Forex BlogTidsstämpel: 2011-01-07 11:54
Taggar:
bank,
currencies,
currency,
currency trading,
dollar,
economy,
fx market,
inflation,
market,
rate,
trading
"The week to January 14 has only a few scheduled central bank meetings (in Euroland, Britain, and Chile). A considerable body of lower tier economic data is scheduled for release. Japan wil..."
"The Canadian dollar extended its winning ways over its US counterpart rising 0.1 percent to US$1.0050. The loonie is benefiting from improving growth and employment numbers both at home and in the US..."
"Unlike other Asian countries like China, Malaysia, India, South Korea and Thailand where central bank rates are already in uptrends, Bank Indonesia’s benchmark rate remains at its cyclical low.&..."
"Romania’s monetary policy is hand-cuffed by the conflicting problems of disappointingly low economic growth, much higher-than-targeted CPI inflation, and deficient private-sector credit growth.&..."
"Robert Sinche, global head of currency strategy at Royal Bank of Scotland Group Plc?s RBS Securities unit, said in an interview today that the Australian dollar is set to make gains in the new year.
?..."
"A “cold-weather blip” is being blamed for Germany’s unexpected increase in unemployment. According to the national weather service, Germany suffered its coldest December since 1969 a..."
"EUR/USD currency pair declined today on concerns that debt problems would hamper attempts of governments and banks in the European Union to raise funds. There weren’..."
"Despite all of the talk of currency war (a term first introduced by Brazili?s Finance Minister) and volatility in forex markets, the Brazilian Real is on pace to finish 2010 only slightly higher from..."
"No holiday is more widely celebrated around the world than New Year’s Day. British, Australian and Japanese markets will remain closed on Monday, and New Zealand’s observance will ex..."
"The Central Bank of the Republic of China implemented a third set of interest rate increases, each amounting to 12.5 basis points. The prior two increases were announced June 8 and September 30t..."
"The government and Bank of Japan December economic assessments depicted a continuing pause, with weakening exports hitting industrial production and business sentiment turning more cautious. Mil..."
"Bangko Sentral Ng Pilipinas retained its key 6.0% overnight lending and 4.0% overnight borrowing rates. When the economy was contracting those rates were cut six times by a total of 200 basis po..."
"Sweden?s central bank may set the direction for other policy makers as it looks beyond conventional inflation targets to asset-price growth in an effort to prevent the next bubble.
?Not countering ass..."
"THE EUROPEAN Central Bank (ECB) increased its bond purchases last week as investors remained concerned about governments? ability to push down budget deficits across the 16-member euro region.
The Fra..."
"The Bank of Israel’s key interest rate was left at 2.0%, matching expectations. There so far have been six increases of 25 basis points each but none since September. In a released s..."
"EUR/USD fell today on the speculation that the European Central Bank would perform quantitative easing to support the struggling European economy. Manufacturing data provided..."
"The People’s Bank of China implemented a second rate increase, lifing its key lending rate to 5.81% from 5.56% and 5.31% at the beginning of 4Q10. The central bank deposit rate is now 2.75%, up..."
"China raised interest rates for the second time since mid-October to counter the fastest inflation in more than two years and more moves may follow.
The benchmark one-year lending rate will rise by 25..."
"A Bank of Japan board member said there?s uncertainty about the U.S. Federal Reserve?s quantitative easing policy, minutes from the bank?s policy- setting meeting showed.
One ?member was of the view t..."
"China?s monetary tightening in 2011 may be mainly in the first half as officials tackle the fastest inflation in more than two years, JPMorgan Chase & Co. and Morgan Stanley said.
The People?s Ba..."
"Officials at the Narodowy Bank voted to leave its interest rate structure unchanged, which was the result analysts were anticipating. The key 3.5% key reference rate has already been at this lev..."
"An increase in the price of crude helped lift the Canadian dollar 0.2 percent to CA$1.155 per US dollar by 8:00 am in Toronto this morning. This ended a four-day losing streak against the US greenback..."
"Japan has kept its key interest rate at between zero and 0.1% as policymakers continue to try to bolster the country’s fragile economic recovery.
The central bank warned that the recovery “..."
"Canada?s consumer prices advanced less than forecast in November as cost increases for energy and food moderated, giving the Bank of Canada scope to hold interest rates steady until the second quarter..."
"Saxo Bank Selects GlobeTax to Provide Withholding Tax Reclaim Services GlobeTax, a leading provider of cross-border withholding tax recovery services, announced that Saxo Bank, the trading and investm..."
"Magyar Nemzeti Bank, which had cut its base rate fourteen times from 11.5% at the start of November 2008 to 5.25% by end-April 2010, announced a second consecutive monthly advance of 25 basis points t..."
"The European Central Bank (ECB) says it has “serious concerns” about the quality of the collateral offered by Ireland in exchange for the 85bn euro (US$112bn) the Republic received in emer..."
"A five notch downgrade by Moody?s is not much of a surprise, however with EU policy makers being rather vocal and having serious concerns that recent Irish legislation introduced to fix its banking sy..."
"Based on nominal exchange rates, the Chinese Yuan has appreciated by a modest 2% against the US Dollar since the month of September (when the People’s Bank of China (PBOC) adjusted the currency..."
"The Central Bank of the Republic of Colombia left its monetary policy rate at 3.0%, the level since a 50-basis point cut last April. That was the only rate change in 2010, but 600 basis points o..."
"The week before Christmas has generally less activity than the week after. Many markets, including the United States, will be shut Friday. Britain is closed the following Monday and Tuesda..."
"Back in September, the Bank of International Settlements announced that daily FX volume reached $4 trillion, a 20% growth from 2007. At the time, they said that the increase in turnover was due large..."
"U.K. pound affected by Ireland downgradeThe sterling has been negatively affected in currency trading on the FX market today as Moody's has downgraded Ireland. The euro saw a brief hiccup as the downg..."
Blog:
Global Forex BlogTidsstämpel: 2010-12-17 09:04
Taggar:
bank,
currency,
currency trading,
dollar,
forex,
forex trade,
forex trading,
fx market,
market,
pound,
trading
"The Central Bank of the Republic of Turkey is taking an unconventional approach to stem excessive hot money inflows that have put upward pressure on the Turkish lira and which, officials fear, could c..."
"The Swiss National Bank left its three-month Libor rate target at 0.25% within a corridor of zero to 0.75%. That’s been the target since March 2009 following reductions of 25 basis points..."
"The Reserve Bank of India left its policy interest rates unchanged but announced measures to release some primary liquidity in the money market system to alleviate some strains caused by rupee appreci..."
"Ecofin, the group of European finance ministers, are meeting in Brussels to solidify response to euro area debt crisis. No much new is expected. Central bank policymakers in India, Switzer..."
"Loonie in forex tradingNow is the time to start positioning yourself so that you are selling sterling against the loonie in forex trading, according to the Bank of Tokyo. In a note to investors, the B..."
Blog:
Global Forex BlogTidsstämpel: 2010-12-16 08:40
Taggar:
bank,
currency,
currency trading,
dollar,
forex,
forex trading,
loonie,
pound,
rate,
report,
trading
"The Central Bank of Chile boosted its overnight rate after every monthly policy meeting since June. With another 25 basis points announced today, the key rate has climbed from 0.5%, the level fr..."
"A fourth 25-basis point repo rate hike to 1.25% was announced by the Riksbank and will become effective a week from today. Minutes of this week’s Executive Board meeting, where policymaker..."
"Analysts with the Royal Bank of Canada (RBC) predict that the Canadian economy will accelerate at a slightly faster rate in 2011 once the present slow down passes. Growth slowed in the third quarter o..."
"11,183 companies participated in the latest quarterly survey by Japan’s central bank. In the table below which documents the evolution of results, abbreviations used in the first four colu..."
"Bank of Canada Governor Mark Carney used a press conference in Toronto to once again warn of the risk posed by Canada’s rising household debt levels. Specifically, Carney warned that the cost to..."
"As we speak, the Federal Reserve is convening to discuss monetary policy. No changes are expected to be made but as usual, investors will be combing the FOMC statement carefully for clues on the centr..."
"Michael R. King from the Bank for International Settlements (BIS) and Dagfinn Rime from the Central Bank of Norway (CBN) have published an interesting article about the&#..."
"The People’s Bank of China failed to complement the recent increase of reserve requirements with an increase in central bank interest rates. The move in reserve requirements, it is now cle..."
"Economic data sends U.K. pound lower in forex tradingThe sterling is heading lower in currency trading on the FX market, affected by economic data reported in Britain. With housing prices lower, and c..."
Blog:
Global Forex BlogTidsstämpel: 2010-12-13 09:22
Taggar:
bank,
currencies,
currency,
currency trading,
dollar,
forex,
forex trading,
fx market,
market,
pound,
report,
trading
"Currency trading with the greenbackThe U.S. dollar is lower in forex trading on the currency market today, thanks a cautious return of risk appetite. High beta currencies (except the pound) are gettin..."
Blog:
Global Forex BlogTidsstämpel: 2010-12-13 09:14
Taggar:
aussie,
bank,
currencies,
currency,
currency trading,
dollar,
economy,
forex,
forex trade,
forex trading,
market,
pound,
rate,
trading
"China again has taken the easier option this morning ahead of its inflation numbers tomorrow. They raised Bank?s required reserve ration by 50bp (18.5%) instead of hiking interest rates. This will cer..."
"Risk currencies get a bit of a boost on the FX marketThe Aussie is headed higher in forex trading on the currency market today, getting a boost from the news that China is requiring an increase in res..."
Blog:
Global Forex BlogTidsstämpel: 2010-12-10 08:19
Taggar:
announcement,
aussie,
bank,
currencies,
currency,
dollar,
economy,
forex,
forex trade,
forex trading,
fx market,
market,
pound,
trading
"Over the week to December 17, central bank interest rate setters will meet in the United States, Norway, Sweden Hong Kong, Switzerland, India, Chile, Colombia and Turkey. Ecofin, the group of EU..."
"COPOM, the interest-rate setting committee at the Bank of Brazil, failed to hike its benchmark interest rate further at the third consecutive meeting, matching decions made October 20 and August 31.&#..."
"The Bank of England’s Monetary Policy Committee (MPC) has voted to maintain interest rates at 0.5 percent and offered no information on an extension of its earlier Quantitative Easing spending p..."
"Like the Bank of Korea, New Zealand’s central bank has so far implemented just two rate increases of 25 basis points each, which were implemented in June and July of this year. Today, as a..."
"The Bank of Korea left its seven-day repo rate at 2.5%, having raised such previously only twice and by 50 basis points in all, which is less than many other central banks in Asia. Those ad..."
"Having made no change in its interest rate or asset purchase settings, the Bank of England’s statement today defers any detailed discussion to minutes due December 22nd. Only then wil..."
"Supported by the recent sharp increase in longer-term U.S. interest rates, the dollar rose overnight by 0.4% against sterling, 0.3% versus the euro and 0.2% relative to the Swiss franc. A stella..."
"According to Wall Street Journal the most powerful banks in the currency-trading business, moving to reclaim lost business, are preparing a banks-only dealing system that could shake up the market, se..."
"The Monetary Policy Committee is holding its last policy session of 2010, a year in which no changes are likely to have been made. The Bank Rate has been at 0.5% since a cut in March 2009. ..."
"The central bank of Iceland’s seven-day collateralized lending rate was slashed by another 100 basis points to 5.5% and has dropped 1,250 basis points since the first of 14 reductions made in Ma..."
"Pick the excuse, the list is getting longer. Korea, China tightening monetary policy, contagion fears, European banks to fail stress tests, the Irish ?austerity? budget, the Bush tax extension. They a..."
"Euro little changed in forex tradingIn Germany, economic data came in much better than expected -- especially the industrial production number. Indeed, this economic measure showed improvement of near..."
"This story dates back to 2008 if not earlier and I happen to be a bit familiar with this case. This also relates to the dispute between MBFX, mentioned below, and ACM the Swiss broker which was recent..."
"I was on BNN this morning talking about the currency implications of today’s rate decisions from the Reserve Bank of Australia and the Bank of Canada. Click on the image to access the video
"
"The statement today from Glenn Stevens, Governor of the Reserve Bank of Australia, called the 4.75% benchmark interest rate “appropriate” and observed that the lending rates of financial i..."
"Policymakers at the Bank of Canada today as expected left their overnight money rate target at 1.0%, its level since September 8th. Today’s statement of explanation ends with the added sen..."
"The Bank of Canada today announced that it is maintaining
its target for the overnight rate at 1 per cent. The Bank Rate is
correspondingly 1 1/4 per cent and the deposit rate is 3/4 per
cent.
Th..."
"The Asian Development Bank (ADB) predicted today that economies in East Asia will lead all others this year with a growth rate of 8.8 percent. However, the ADB warned that the so-called currency wars..."
"EU Monetary Affairs Commissioner Olli Rehn announced today that banks in the European Union will be subjected to a new series of stress tests starting next February. The announcement followed a meetin..."
"Central bank policy meetings are scheduled next week in Australia, Great Britain, Brazil, Canada, New Zealand, South Africa, Peru and South Korea. The ECB monthly Bulletin will be released. The..."
"Loonie in forex tradingThe Canadian dollar is losing momentum in currency trading on the FX market today, heading lower as jobs data disappoints. Indeed, the Canadian economy did not as many jobs as e..."
Blog:
Global Forex BlogTidsstämpel: 2010-12-03 09:08
Taggar:
aussie,
bank,
currencies,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
fx market,
loonie,
market,
point,
pound,
rate,
report,
trading
"The benchmark interest rate of Bank Indonesia has been at 6.5% since a 25-basis point cut in August 2009, which culminated a nine-move, 300 basis point reduction begun in December 2008. Bank Ind..."
"EUR/USD rose today, fell after the European Central Bank kept the interest rates unchanged and later advanced again as claims for unemployment benefits in the US une..."
"The European Central Bank announced that it will leave the benchmark lending rate unchanged at 1 percent. It is also expected that the ECB will maintain its liquidity operations first implemented in M..."
"EUR/USD jumped today on hopes that tomorrow’s meeting of the European Central Bank’s Governing Council will help to find solution to European debt crisis. Most ana..."
"The Bank of Thailand’s one-day repo rate was raised to 2.0% from 1.75%. When rate normalization paused at the prior meeting on October 20 following 25-basis point rate increases at back-to..."
"The euro rose almost a full percent to $1.3101 by 6:45 am in New York this morning as speculation grows that the European Central Bank (ECB) will provide an aggressive action plan to deal with spreadi..."
"Real GDP expanded 1.0% at an annualized rate last quarter. In the Bank of Canada’s Monetary Policy Report published last month, officials had projected growth of 1.6%. Growth in Cana..."
"Minister for Justice Dermot Ahern has said officials from the European Central Bank tried to force Ireland into seeking a bailout before it had even been discussed at Cabinet.
Mr Ahern said ?quite inc..."
"Analysts suggest that Spain’s banks could need US$111 billion (85 billion euros) in order to remain solvent as fears grow that Portugal, Spain, and Italy are all in need of emergency funding.
?T..."
"The spread between Spanish and Italian bonds compared to the benchmark German bonds, jumped to 5.7 percent this morning. This is a difference of 3.05 percentage bonds and indicates how great a premium..."
"Remember the Saxo lawsuit case that made headlines some six months ago where the bank was blamed for prices manipulation? Well it’s off now. Portuguese investment house Fortune claimed that Saxo..."
"The base rate of the Magyar Nemzeti Bank was raised to 5.5% from 5.25% in a move that caught most analysts by surprise. Other East European central bank rates such as Poland’s 3.5%, Romani..."
"The world’s foremost Elliott wave expert goes “behind the scenes” on the Federal Reserve
By Elliott Wave International
The ongoing financial crisis has made the central bank̵..."
"Central banks hold policy meetings next week in Hungary, Euroland, and Indonesia, and the Fed releases the Beige Book of regional conditions. RBA Governor Stevens and ECB President Trichet will..."
"The overnight interbank funding rate will remain at 4.5%, the level since July 2009. Rate cuts totaling 375 basis points were implemented in each of the first seven months of last year. A..."
"It is difficult to have a strong conviction in a thin market, movements tend to be over exaggerated with a heard mentality, unless you are winning of course. Bundesbank President Weber did his bit yes..."
"Euro in forex tradingThe euro is falling again in forex trading on the currency market. Focus on sovereign debt and banking concerns in Europe is sending the euro much lower on the FX market. Indeed..."
Blog:
Global Forex BlogTidsstämpel: 2010-11-26 12:57
Taggar:
bank,
currency,
currency trading,
dollar,
forex,
forex trade,
forex trading,
fx market,
market,
report,
trading
"Alexei Ulyukayev, first deputy chairman of Russia?s central bank, said in an interview today that Russia is adding Canadian-denominated assets to its foreign reserves. Ulyukayev noted that Russia is a..."
"The debt-ridden eurozone risks break-up unless it forces banks to eventually share the crisis bill with taxpayers, Slovakia, the euro area member who recently refused to participate in the Greek bail-..."
"Narodowy Bank’s seven-day repo rate has been 3.5% since June 2009 and will remain there even though CPI inflation moved up from the targeted 2.5% in September to 2.8% in October. That was..."
"Inflation concerns in China and the government?s potential response to these concerns has spooked the equity markets for the past two weeks. Commodity prices have been particularly volatile as investo..."
"News that North and South Korea had exchanged artillery fire had investors running to the perceived safety of the dollar leading. By 8:36 am in New York this morning, the dollar gained 0.9 percent to..."
"Canada’s inflation rate for October jumped to an annualized rate of 2.4 percent prompting some to suggest the Bank of Canada could resume interest rate hikes sooner than expected. A closer look..."
"I’m not sure on what data this award is based but it was announced at the latest Arabcom’s Awards. Interbank FX has certainly been making moves in the industry with the opening of branches..."
"Israel’s central bank has implemented six 25-basis point rate hikes since August 2009, the latest being done in September of this year. Today, as in October, the key rate was left at 2.0%..."
"WHEN THE history of Ireland?s banking and fiscal collapse comes to be written, the role of the European Central Bank may well turn out to be the most controversial.
The question will be whether they r..."
"European currencies rose after Ireland’s government agreed to an EU aid package that will be used to fortify the country’s beleaguered banks. The dollar dropped 0.4% against the euro..."
"Central banks in Israel, Poland, and Mexico make interest rate announcements next week, and minutes from the Fed’s meeting on November 3rd will be released. Japanese markets will be shut o..."
"All the major currencies are carrying some piece of negative baggage. The Fed is running an easier monetary policy than other central banks without commensurably weaker U.S. growth prospects...."
"For the fifth time this year, the People’s Bank of China has increased the minimum cash levels all lenders must maintain in reserves. This tightening of the availability of capital is an attempt..."
"The People’s Bank of China raised reserve requirements for the fifth time in 2010. The requirement for big banks will climb another 50 basis points to 18.5% effective November 29. Th..."
"Greenback heads higher in forex tradingEarlier today, the U.S. dollar was weakening against major currencies as positive news out of Ireland supported the euro in forex trading, and helped commodities..."
Blog:
Global Forex BlogTidsstämpel: 2010-11-19 08:18
Taggar:
announcement,
aussie,
bank,
currencies,
currency,
currency trading,
dollar,
forex,
forex trade,
forex trading,
market,
pound,
trading
"Australian dollar lower in forex tradingThe Aussie has been hit hard in currency trading on the FX market today, thanks to the latest news out of China. The Australian economy (and its currency) relie..."
Blog:
Global Forex BlogTidsstämpel: 2010-11-19 08:13
Taggar:
aussie,
bank,
currency,
currency trading,
dollar,
economy,
forex,
forex trade,
forex trading,
fx market,
inflation,
market,
trading
"Risk appetite down on announcementChina has once again raised reserve requirements on its banks. This is the second time in two weeks -- and the fifth time this year. The move is designed to rein in e..."
"While central banks in other commodity-sensitive economies like Australia, Canada and News Zealand have begun to tighten monetary policy, the South African Reserve Bank remains in easing mode. C..."
"Patrick Honohan, Governor of the Irish Central Bank, said in a radio interview that he believes the Irish Republic will be forced to take on a “very substantial loan” as part of an emergen..."
"Irish Minister for Finance Brian Lenihan said today the Government could accept an aid package for the banks after talks in Dublin with the European Union and International Monetary Fund.
Speaking dur..."
"On November 12, the Central Bank of the Republic of Turkey increased reserve requirements on local-currency denominated assets to 6.0% from 5.5%. That action followed a 400 basis point cut of th..."
"The Central Bank of Chile had slashed its policy interest rate during the first seven months of 2009 by 775 basis points from 8.25% to 0.5%, but about a third of that stimulus from last year has now b..."
"Everyone is talking about the possibility of China raising interest rates. What if they did? How could it impact currencies?
In October, the PBoC surprised everyone by raising interest rates for the..."
"EUR/USD pared its losses today as economic reports from the US continues to be worse than economists predicted. The currency pair still may decline in the near future as&..."
"An increase in risk awareness is largely responsible for pushing the Canadian dollar to a two-week low against its US counterpart. With each report of further trouble in Europe, risk aversion becomes..."
"The euro gained slightly on the dollar yesterday after US consumer prices rose less than expected. Despite this retracement, credit and solvency worries within the European Union are expected to keep..."
"The Bank of England?s Monetary Policy Committee split three ways for a second month as some officials became more concerned that Britain?s bout of inflation will dislodge price expectations.
Adam Pose..."
"All eyes have been on the Euro-zone finance ministers, who along with the ECB and IMF will continue the discussions in Dublin tomorrow, debating the scope for support of Ireland’s banking secto..."
"Discussing whether another Greek debt contagion fear that's going to keep sinking world markets, with David Goldman, Bank of America; Mike Khouw, Cantor Fitzgerald; Boris Schlossberg, GFT"
"EUR/USD currency pair jumped today in the first half of the trading session, but later returned to its opening level. That was an unexpected move as virtually all re..."
"October’s Consumer Price Index (CPI) remained well above the target rate of 2 percent in October to an annualized rate of 3.2 percent. In his letter to the Chancellor explaining why inflation re..."
"The take-no-prisoners angered folk of the U.S. Republican Party have turned their sights on the Bernanke-led Federal Reserve. QE2 has been associated with rising long-term interest rates, not th..."
"What next for the sterling forex trading forecast?Inflation continues to climb in the U.K., prompting some to think that the Bank of England should raise interest rates soon in an effort to combat inf..."
"Germany’s tough stance on banks and bond markets sharing the pain of any euro zone sovereign debt default could force some economies toward bankruptcy, Greek prime minister George Papandreou sai..."
"Ireland is being urged by European policy makers to take emergency aid to contain a debt crisis rattling their markets, according to a person briefed on the discussions.
In a conference call of Europe..."
"As attention turns to the European debt crisis and the question of a rescue for Ireland, investors are heading for the safety of the dollar. News that the People’s Bank of China is worried that..."
"Equities tumbled 6.2% in China, 2.1% in India and Indonesia, 1.9% in Hong Kong, 1.6% in the Philippines, 1.3% in Singapore, 1.1% in Thailand, and 1.4% in Japan and Taiwan. Investors suspect the..."
"As we mentioned at the start of the week, Microsoft and Saxo Bank were joining hands to launch MSN Trader. With the know how of Saxo Bank and the marketing millions of Microsoft, it’s virtually..."
"Bank Negara Malaysia had implemented three consecutive 25-basis point rate hikes at its March, May, and July meetings but, as in September, left its Overnight Policy Rate at 2.75%, still 75 basis poin..."
"As epilogue to the just competed Group of Twenty summit, leaders from the 21 members of the Asia-Pacific Economic Cooperation (APEC) will gather in Yokahama, Japan on the 13th and 14th for talks. ..."
"Turkey’s 7.0% one-week repo rate was left at 7.0%, it level since a 25-basis point cut a year ago, and analysts expect another year to pass before it is raised. A statement released by the..."
"Global investors doubt the Federal Reserve?s plan to buy more Treasury securities will boost the U.S. economy or bring down unemployment and say they believe the government is pursuing a weak-dollar p..."
"The Central Reserve Bank of Peru retained a 3.0% reference monetary policy rate after the penultimate monthly meeting of 2010. It had also not tightened in October following five consecutive rat..."
"U.K. pound in currency tradingYesterday's risk rally is fading fast, but not for the sterling. As the U.S. dollar gains against most major currencies, sterling is holding its own in forex trading on t..."
Blog:
Global Forex BlogTidsstämpel: 2010-11-10 09:00
Taggar:
bank,
currencies,
currency,
currency trading,
dollar,
forex,
forex trading,
inflation,
market,
pound,
rate,
trading
"More tightening expected in ChinaChina has just reported a jump in its trade surplus, and, as a result, is expected to do what it can to cool the inflation that is expected. It is not surprising that..."
"In a move to limit the amount of foreign cash flowing into the country, China today announced new rules to strengthen the auditing of foreign fund raising and will also require banks to hold more fore..."
"LONDON — Ahead of the inevitable debates over currencies at the G-20 meeting in South Korea this week, the World Bank’s president has put in his two cents over how best to reform the globa..."
"Less than a week after increasing monetary stimulus, comments from Fed officials suggest that the central bank is doubting the effectiveness of their latest policy action. At the same time, there are..."
"After two VERY slow weeks with literally no news this week start with a bang! Microsoft and Saxo Bank just announced their plans to launch MSN Trader, an online platform for individual traders to capi..."
"The dollar is being depressed by a U.S. monetary policy that is looser than the credit policies of other central banks. Since August 27 when Fed Chairman Bernanke began preparing the public for..."
"Statistics Canada reported that 3,000 new jobs were created during the month of October. This was considerably less than the 15,000 forecast and even failed to offset the 6,600 jobs lost in September..."
"In a day that already saw central banks in Hong Kong, Indonesia, Britain, and the Euroland leave key interest rates and other policy settings unchanged, the Czech National Bank kept its two-week repo..."
"Indonesia does not rank among those Asian countries where central banks have begun to raise interest rates. Bank Indonesia kept it benchmark policy interest rate at 6.5%, the level since a 25-ba..."
"The European Central Bank and the Bank of England both announced that benchmark lending rates for both jurisdictions will remain at 1 percent and 0.5 percent respectively. The news comes just one day..."
"Yesterday’s announcement that the Federal Reserve planned to spend $600 billion to buy government bonds and provide more liquidity helped boost global indexes to two-year highs.
?Financial mark..."
"The Bank of England did not raise the GBP 200 billion size of its asset purchase program. This is something which Monetary Policy Committee member Adam Posen had sought at the October meet..."
"Now that the Fed has acted accordingly and asset classes are performing to the script what really happens from here? How much more dollar liquidation can the EUR or JPY take? Regarding JPY, expect the..."
"Why would the Bank of England even consider increasing its asset purchase program after learning that real GDP in the third quarter expanded 2.8% at an annualized rate with equally positive contributi..."
"The FOMC decided to expand the Federal Reserve?s holdings of securities in the System Open Market Account (SOMA) to promote a stronger pace of economic recovery and to help ensure that inflation, over..."
"Sedlabanki reduced all its key interest rates by 75 basis points, including the seven-day collateralized lending rate to 5.5%. Following an IMF mandate, that rate was hiked by 300 basis points t..."
"Event risk will dominate the remainder of this trading week. The insurance premiums of the mid-term elections have been priced in. Now, it?s time to turn our focus to the remaining G8 Cbanks and the N..."
"Price action on AUD/USD (a 4-hour chart of which is shown) as of Tuesday (11/02/2010) has shot up to continue its entrenched uptrend on the heels of an unexpected interest rate hike by the Reserve Ban..."
"The Reserve Bank of India raised both its repo rate and reverse repo rates by 25 basis points to 6.25% and 5.25% and released a statement outlining the latest thinking of policymakers. Four earl..."
"The Policy Board of the Reserve Bank of Australia ended a six-month pause in its rate-rising campaign. Only about a quarter of analysts anticipated today’s seventh hike of the Official Cas..."
"The Canadian dollar recorded its fourth straight day of gains as it closes in on parity with its US counterpart. The “loonie” as the Canadian dollar is known, is being helped by an increas..."
"Governor Mark Carney is closing the door on liquidity programs the Bank of Canada started during the credit crisis, just as the Federal Reserve may expand asset purchases to sustain the U.S. economic..."
"The dollar fell 1.1% against the Australian dollar, 0.9% versus the Swiss franc, 0.6% against the euro, 0.5% relative to the Canadian dollar, 0.4% against the kiwi, and 0.2% against the yuan. Th..."
"Australia?s dollar climbed to parity with the greenback after the central bank unexpectedly raised interest rates for the first time in six months, spurring demand for the nation?s assets.
The so-call..."
"The strong Aussie dollar is here to stay, believes Kathy Lien, director of currency research at GFT. Meanwhile, Tai Hui, regional head of economic research, SE Asia at Standard Chartered Bank, tells C..."
"Discussing the likelihood of a tax cut extension in the U.S., with Kathy Lien, director of currency research at GFT, Tai Hui, regional head of economic research, SE Asia at Standard Chartered Bank, an..."
"U.K. pound lower in forex tradingSterling is lower in currency trading on the FX market today as the Bank of England fails to rule out additional quantitative easing. With the possibility of more mone..."
Blog:
Global Forex BlogTidsstämpel: 2010-11-02 08:19
Taggar:
bank,
currencies,
currency,
currency trading,
dollar,
forex,
forex trading,
fx market,
market,
pound,
rate,
trading
"Ahead of the Federal Reserve's meeting this week, Kathy Lien, director of currency research at GFT and Tai Hui, regional head of economic research, SE Asia at Standard Chartered Bank, discuss what to..."
"Reserve Bank of Australia rate hike coming up - here’s my take on the Aussie
"
"The Canadian dollar gained on its US counterpart on Monday as investors waited for details on the expected quantitative easing from the Federal Reserve in what marks the beginning of a busy week. Empl..."
"The market will talk this up as being the biggest week ever for all asset classes. Copious CBank meetings, mid-term elections and extremely influential data will provide the ingredients for volatility..."
"Currency market players long ago marked down the first week of November down on their calendars as one not to be missed. Main events include 1) Tuesday’s mid-term U.S. election, 2) Wednesd..."
"Most of today’s headlines regarding the Japanese Yen focus on one thing: Central Bank intervention. Basically, reporters have become focused on the likelihood of additional intervention in the c..."
"Many markets in Continental Europe will be closed Monday for All Saints Day. At least eleven central banks hold interest rate policy meetings next week: the Fed, ECB, Bank of Japan, Bank of Engl..."
"In addressing the financial/credit/economic crisis, governments around the world have lowered interest rates, bailed-out bankrupt financial insititutions, engaged in wholesale money printing, guarante..."
"The Bank of Japan held a single-day meeting lasting four hours and 26 minutes in which details were unveiled of the asset purchase program. A unanimous 9-0 decision was made to keep virtual zero..."
"The dollar weakened overnight, with losses of 0.9% against the kiwi, 0.7% versus sterling, 0.6% relative to the euro and Australian dollar, 0.5% against the Swiss franc and yen, and 0.4% versus the Ca..."
"Yen in forex tradingThe Japanese yen continues to maintain much of its strength in forex trading on the currency market, even though the Bank of Japan kept rates practically at 0%. The move by the BO..."
"The Reserve Bank of New Zealand left the OCR rate at 3.0% as it had also done on September 16 following back-to-back increases of 25 basis points each in June and July. A statement from the RBNZ..."
"The Narodowy Bank retained a 3.5%, which is the level of the main reference rate since a 25-basis point cut in June 2009 culminated 250 basis points of reduction since November 2008. A statement..."
"As expected, the Norges Bank did not change monetary policy at this time. A released statement implied that further changes are unlikely before March and that the subsequent upward path toward m..."
"In a move that makes perfect sense for all parties Swissquote Bank, a Swiss public bank, just announced that it acquired ACM. ACM was recently denied its banking license by FINMA and I speculated that..."
"U.K. pound gains in forex tradingSterling has been doing reasonably well in the crosses today, gaining some strength on the good news out of Britain. Indeed, the U.K. pound saw some gains in forex tra..."
"The Riksbank followed up increases on July 1 and September 2 with a third 25-bp repo rate increase to 1.0% and released a statement that a) revised projected 2010 and 2011 growth higher, b) scaled bac..."
"After three days of gains, the Canadian dollar fell as profit-taking had stocks on the decline. The loonie lost 0.3 percent to C$1.0230 per U.S. dollar at 7:44 a.m. in Toronto, compared with C$1.0200..."
"As analysts anticipated, there was not a seventh rate increase. The six increases, each by 25 basis points, were announced in August 2009, November, December, March 2010, July and September...."
"The Magyar Nemzeti Bank left its benchmark interest rate unchanged for a sixth consecutive monthly meeting citing the prolonged period of sub-trend economic activity and an uncertain inflation outlook..."
"G20 finance ministers and central bankers released a Communique after meeting Friday and Saturday. The rhetoric goes further than most analysts, but the reaction of many market participants was..."
"A very busy week lies ahead beginning with a G20 statement tomorrow. Central bank policy meetings will be held in Israel, Hungary, India, Poland, the Czech Republic, Sweden, Norway, New Zealand..."
"Last week was just full of surprises. Monetary policies around the world became more diversified. A tightening interest rate cycle began in China, and ECB officials showed more willingness..."
"G20 Finance Ministers and Central Bankers are gathering in Korea right now talking about currencies. There has been a lot of speculation about whether or not a statement will released on Saturday tha..."
"The Public-Private Investment Program (PPIP) which was created to support “toxic” mortgage-backed securities held by private banks, realized a return of 35 percent in its first year. The P..."
"Finance ministers and central bank chiefs from the Group of Twenty are meeting in Gyeongiu, South Korea. U.S. Treasury Secretary Geithner has proposed a target for current account-to-GDP ratios..."
"Brazil’s monetary policy committee, COPOM, retained a 10.75% Selic rate, matching analyst expectations and the result of its prior meeting on August 31. Previously, the Selic rate was lift..."
"It has become gospel in central banking circles that important policy changes must be communicated clearly in advance in order to produce desired market reactions. Minutes from the Bank of Engla..."
"The Bank of Canada’s October Monetary Policy Report elaborates on the assertion in yesterday’s interest rate statement that the global and Canadian recoveries have entered a “new pha..."
"As part of sweeping spending cuts announced by Chancellor George Osborne, a new bank levy will be applied to British banks. Full details will be disclosed in the next few days, but the government expe..."
"The program of interest rate normalization, as at some other regional central banks, was paused in Thailand, but a statement accompanying today’s decision to leave the one-day repo rate at 1.75%..."
"Currency trading with the greenbackThe U.S. dollar is retreating in forex trading today, giving up many of yesterday's gains. Greenback is down against the pound, euro and Aussie today. Additionally..."
Blog:
Global Forex BlogTidsstämpel: 2010-10-20 08:48
Taggar:
aussie,
bank,
currencies,
currency,
currency trading,
dollar,
forex,
forex trading,
fx market,
loonie,
market,
pound,
rate,
trading
"Pound regains lost ground in currency tradingThe Bank of England minutes were recently released, and showed a three-way split in the voting. There are seven votes to keep the monetary policy the same..."
Blog:
Global Forex BlogTidsstämpel: 2010-10-20 08:42
Taggar:
bank,
currency,
currency trading,
dollar,
financial,
forex,
forex trading,
inflation,
market,
pound,
rate,
report,
trading
"One idea reportedly being explored at the Federal Reserve would be to target a general price level. Many central banks target inflation, which is the rate of change, or first derivative, in a ge..."
"China’s one-year lending rate and one-year deposit rate were raised by 25 basis points each, effective October 20, to 5.56% and 2.5%, respectively. This first rate increase since December..."
"The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
The glo..."
"With inflation pegged at 3.6 percent, the People’s Bank of China announced on its website that it will increase the one-year benchmark lending rate from 5.31 percent to 5.56 percent. The rate fo..."
"Too much QE could cause problemsAccording to former policy maker Kate Barker, the Bank of England might be doing too much with its quantitative easing program. Already, the BOE's efforts to stimulate..."
Blog:
Global Forex BlogTidsstämpel: 2010-10-19 08:01
Taggar:
bank,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
inflation,
pound,
report,
trading
"In a few weeks, the US could overtake China as the world’s biggest currency manipulator. Don’t get me wrong: I’m not predicting that the US will officially enter the global currency..."
"Monetary policymakers are holding their penultimate interest rate meetings of 2010 this week and will be announcing their decisions on Tuesday. Each of these banks has begun to normalize interes..."
"Today, Monday 18th October 2010, is the day that all US forex brokers must disclose their account profitability and number of non discretionary accounts. I’ve already published Interbank FX̵..."
"A busy week for meetings lies ahead. Interest rate policies will be decided in Canada, Brazil, Thailand, and Sweden. EU finance and economics minister, also known as Ecofin, have a meeting..."
"Federal Reserve Chairman Ben Bernanke told conference attendees at the Federal Bank of Boston this morning that the first round of stimulus spending was ?successful? and essentially confirmed that ano..."
"The Bank of Mexico, as predicted, made no change in its overnight interbank funding rate, which has been at 4.5% since 375 basis points of reduction implemented during the first seven months of 2009.&..."
"I just confirmed this MIG Bank – due to their bank status they will be able to accept US clients despite latest CFTC rules. The situation is not very clear for all offshore brokers now but MIG B..."
"The Central Bank of Chile met market expectations, raising its benchmark interest rate by 25 basis points to 2.75%. A statement from officials noted that inflation and expected inflation had eas..."
"The interest rate structure at the Central Bank of the Republic of Turkey was reached in November 2009 after 1025 basis points of cuts during the preceding year. Officials today decided not to r..."
"Almost one month has passed since the Bank of Japan (BOJ) intervened in forex markets on behalf of the Japanese Yen. In one trading session, it spent a record 2.1249 trillion yen ($25.37 billion) to o..."
"I was on CNBC last night talking about the Japanese Yen and whether the Bank of Japan will come into the market again along with other key FX topics:
"
"by Oz Golan, Tradency. CFH Markets, an ex-Saxo Bank employees? company which is technology-oriented and provides its own proprietary platform while also marketing MT4 white labels, announced a Money M..."
"by Oz Golan, Tradency. CFH Markets, an ex-Saxo Bank employees? company which is technology-oriented and provides its own proprietary platform while also marketing MT4 white labels, announced a Money M..."
"Talks among officials attending the World Bank/IMF meetings in Washington failed to forge a consensus to the current multiplicity of purported currency misalignments and the role of government policie..."
"Talks among officials of the G-7 and broader community of nations in connection with the IMF/World Bank meetings in Washington have done little to resolve brewing currency wars. There have been..."
"Those who read the most recent Bank of International Settlements (BIS) Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity know that daily forex turnover rose 20% over th..."
"The week ahead begins with a meeting in Washington of G-7 central bank chiefs and finance ministers, a group which has not released a formal statement in over a year. There are holiday closures..."
"To the surprise of almost all the pundits, the Central Reserve Bank of Peru left its monetary policy reference rate at 3.0% instead of implementing a 25-50 basis point further increase. Five con..."
"Yesterday I showed here Interbank FX’s account profitability report which all brokers will now need to publicly submit to the CFTC as par of the new rules. I contacted IBFX asking to explain how..."
"Yen continues in strength on the FX marketEven with a $61 billion economic stimulus package approved in Japan, the yen continues to gain in currency trading on the FX market. This announcement c..."
Blog:
Global Forex BlogTidsstämpel: 2010-10-08 09:00
Taggar:
announcement,
bank,
currencies,
currency,
currency trading,
dollar,
forex,
forex trading,
fx market,
market,
rate,
trading
"The IMF’s October 2010 World Economic Outlook released in conjunction with this week’s IMF/World Bank meetings in Washington contains useful information for sorting world growth trends ove..."
"The Bank of England and the European Central Bank both announced that they would be holding the line on interest rates. In addition to keeping rates at 0.5 percent, the Bank of England also said it wo..."
"As expected Bankgo Sentral Pilipinas has retained a 4.0% reverse repo rate and a 6.0% repo rate. Despite strengthening domestic demand and robust GDP growth of about 8% in the year to 2Q, a stat..."
"The Bank of England’s Bank Rate was left at 0.5%, its level since March 2009. The Asset Purchase Program’s size was kept at GBP 200 billion, a ceiling that was exhausted at end-Janua..."
"Interbank FX sent this one to all its clients yesterday. Read and weep. Also scroll to the bottom to see the percentage of winning vs losing accounts. No surprise there. What’s surprising is tha..."
"The Bank of Korea is one of the major participants in the ongoing global currency war, intervening on behalf of the Won to the tune of $1 Billion per day! Meanwhile, the Korean Won has risen 5% in the..."
"On September 27, Brazilian Finance Minister, Guido Montega, used the term “currency war” to describe the series of recent Central Bank interventions in forex markets. While he may not have..."
"Stocks advanced further overnight, bond yields fell, and the dollar remained weak across the board as markets look to more central banks easing as the BOJ did yesterday. The Nikkei advanced 1.8%, and..."
"In September, the ECB press conference was a bit more dovish than expected, but data and verbal remarks by officials in the subsequent five weeks have led some analysts to see that shift reversed this..."
"In leaving the Official Cash Rate at 4.5%, the Reserve Bank of Australia fooled a majority of analysts expecting an increase to 4.75%. To brace against a recession that Australia narrowly..."
"The Bank Rate of Bank Indonesia was left at 6.5%. This was the 14th consecutive monthly meeting to leave policy unchanged. The previous nine meetings between December 2008 and August 2009..."
"The International Monetary Fund (IMF) released its semi-annual Global Financial Stability Report earlier today. The report highlighted the ongoing debt crisis in Europe and housing issues in the US as..."
"The Bank of Japan cut the interest rate target on overnight uncolateralized money to 0-0.25% but in fact virtually zero (ZIRP). An asset purchase program was also established with the intent of..."
"Yen continues to strengthen in currency tradingIt seems that no matter what the Japanese do in the hopes of arresting the yen's gains against the U.S. dollar in forex trading, nothing works. And that..."
"The Reserve Bank’s October interest rate decision will be revealed at 03:30 GMT Tuesday. A majority, but not all, pundits project a 25-basis point Official Cash Rate increase to 4.75%...."
"Switzerland’s two largest banks, UBS AG and Credit Suisse, have both been told they must increase their capital in order to meet the Basel III rules. The rules call for banks to hold sufficient..."
"The dollar is higher, European stocks are lower, China was closed, and markets await central bank decisions and U.S. labor market data. British, U.S. and Japanese travelers are being warned abou..."
"Sterling higher in forex tradingThe U.K. pound was lower against the U.S. dollar in currency trading on the FX market earlier, thanks to some degree of recovery in the greenback on news pointing to a..."
Blog:
Global Forex BlogTidsstämpel: 2010-10-04 08:27
Taggar:
bank,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
fx market,
market,
point,
pound,
trading
"In the most pointed sign yet that the Federal Reserve is likely to engage in further quantitative easing, Federal Reserve Bank of New York President William Dudley described the current outlook job gr..."
"As was already reported yesterday by my forex colleagues ACM, one of Switzerland’s only three brokers, was denied a banking license by FINMA. Ultimately this means that, unless the decision for..."
"EUR/USD currency pair is falling after sharp advance as virtually all of the economic reports from the US were better than expected. At the same time concerns about Irela..."
"After being forced to bail-out Anglo Irish Bank in a move expected to cost anywhere from 29.3 billion to 34 billion euros ($46.4bn; £29.2bn), authorities say the Irish Republic’s fiscal deficit..."
"The Taiwanese central bank benchmark rate was lifted by 12.5 basis points to 1.5%. This as-expected move follows one of similar size undertaken on June 24. The rate had been at a 55-year l..."
"Narodowy Bank left its seven-day reference rate at 3.5%, the level since June 2009. A released statement anticipates moderate economic growth, limited wage and price pressures, and the poss..."
"In another monetary policy announcement, the National Bank of Romania retained a key 6.25% policy rate. That has been the level since a 25-basis point reduction on May 4 and cuts of 50 bps in ea..."
"The Bank of Russia left its benchmark rate unchanged in spite of an acceleration of inflation to a 12-month pace of 6.7% in September from 6.1% in August, further ruble depreciation and some evidence..."
"Business sentiment improved clearly between June and September. A marginal deterioration had been predicted in the June corporate survey, but analysts had discounted those projections and were l..."
"Interest rate decisions by the Bank of Israel are made at pre-scheduled times but by a single person, Governor Stanley Fisher. Efforts are underway to cede authority to a committee, but that has..."
"Nervous investors pushed gold to a record $1,300 an ounce on mounting fears that the global economy could slow. Fund managers and industry experts alike say gold’s rally has further to run in th..."
"The coming week encompasses the cusp between the third and fourth quarters of 2010. Among the top tier of central banks, no interest rate policy meetings are scheduled, but monetary officials in..."
"It is believed that the Bank of Japan did a second round of forex intervention, selling yen in follow-up to the massive operation conducted on September 15. Unlike then, the central bank did not..."
"The Czech National Bank Board voted to retain a two-week repo rate target level of 0.75% as analysts had predicted. Although this decision was the same as at prior meetings on August 5 and June..."
"Market watchers were surprised today when it was learned that the number of new claims for unemployment benefits rose by 12,000 to 465,000 for the week ended September 18th. The total number of people..."
"Preliminary euro area PMI readings for September were weaker than anticipated, and peripheral bond yield spreads are wider amid rising concern about the region’s banks. The dollar advanced 1.3%..."
"Minutes from the Bank of England’s Monetary Policy Committee show that only one MPC member voted in favor of a rate increase at the committee’s meeting on September 9th. The Bank is requi..."
"Similar to decisions at the prior two meetings on June 23 and August 11, the Norges Bank retained a 2.0% interest rate but gave a stronger signal of its intent to resume a normalization of rate levels..."
"If you needed any more proof that Chinese market is slowly but steadily opens up for foreign exchange online trading than this piece of news should serve as one: HSBC Bank (China) Company Limited (?HS..."
"Today, we bring you an interview with Marc Chandler, the global head of currency strategy for Brown Brothers Harriman. Previously he was the chief currency strategist for HSBC Bank USA and Mellon Bank..."
"Saxo Bank is about to make another major step in order to become a fully fledged retail bank. Saxo Bank will buy the ailing Brørup Savings Bank for 209 million kr ($36.7 million) which will grant it a..."
"An adviser to China’s central bank has rebuffed criticism from the US over Beijing’s exchange rate policy. In a speech in Beijing, Li Daokui said China “will not appreciate the yuan..."
"Greenback looking for direction in forex tradingThe U.S. dollar is mixed today in currency trading on the FX market. Earlier, the U.S. dollar was mostly lower, but things are changing a bit right now..."
Blog:
Global Forex BlogTidsstämpel: 2010-09-20 09:00
Taggar:
aussie,
bank,
currencies,
currency,
currency trading,
dollar,
forex,
forex trading,
fx market,
market,
pound,
trading
"Forex trading forecast for AUD/USDThe Australian dollar is moving higher in currency trading on the FX market today. U.S. dollar weakness is helping the risk currency as investors consider their optio..."
Blog:
Global Forex BlogTidsstämpel: 2010-09-20 08:54
Taggar:
aussie,
bank,
bull,
currency,
currency trading,
dollar,
forex,
forex trading,
fx market,
market,
trading
"From monetary policy to quantitative easing to forex intervention, the world’s Central Banks are quite busy at the moment. Even though the worst of the credit crisis has past and the global econ..."
"Japan has holiday closures on Monday (Respect for the Aged Day) and Thursday (Autumn Equinox), creating interesting possibilities for a market test of the new intervention policy. Central bank m..."
"An extraordinary week for Cbank actions or lack of. To date, Japan?s proactive approach to weaken its domestic currency, the Yen, has met with limited success. Current levels are certainly better than..."
"The Policy Board of the Central Bank of Chile meets each month and raised its policy rate by 50 basis points for a fourth straight time. A statement from officials described a need to withdraw t..."
"As expected, the one-week repo rate at the Central Bank of the Republic of Turkey was kept at 7.0%, and a statement from officials once more kept to the mantra that they expect “to keep rates at..."
"Hopes for stability in the US housing market took a shot to the jaw as foreclosures in August outpaced any other single month since the start of the mortgage credit crisis. Banks repossessed 95,364 pr..."
"Yesterday’s intervention by Japan of almost $22 billion equivalent was a single-day record, but nothing further has been reported so far today. Prime Minister Kan nonetheless said the oper..."
"Swiss franc in currency tradingThe Swiss National Bank kept interest rates on hold as it considers the next move in the global currency market game. The Swiss are not overly fond of a stronger currenc..."
Blog:
Global Forex BlogTidsstämpel: 2010-09-16 09:27
Taggar:
bank,
currency,
currency trading,
forex,
forex trade,
forex trading,
inflation,
market,
rate,
report,
trading
"After months of speculation, the Bank of Japan (BOJ) has finally intervened in the currency markets. As the plummeted towards a fresh low against the Dollar, the BOJ swiftly entered the market, drivin..."
"The Bank of Japan sold yen against dollars on a persistent and very heavy basis today. Over $10 billion equivalent were done and possibly as much as $20 billion. The BOJ acted alone and as..."
"Intervention by central banks is one of the most important short-term and long-term fundamental drivers in the currency market. For short-term traders, intervention can lead to sharp intraday movement..."
"The Central Bank of Japan announced it would be selling yen and buying dollars in an attempt to slow the yen’s appreciation after hitting a 15-year high against the greenback. An appreciating ye..."
"On the Ministry of Finance’s instructions, the Bank of Japan sold a reportedly heavy amount of yen against dollars said to have exceeded $10 billion equivalent. Finance Minster Noda confir..."
"The UK Consumer Price Index (CPI) remained unchanged at 3.1 percent in August according to the Office for National Statistics. The result breaks a three-month pattern of falling CPI but remains well a..."
"According to the Budapest Business Journal Interbank FX will enter the Hungarian market with its MetaTrader 4 platform. If I’m not mistaken this one of the first expansion steps taken by IBFX (e..."
"Stocks, sovereign bond yields, and commodities are higher, while the dollar is lower. The People’s Bank of China did not raise interest rates, and the weekend’s agreement on Basel II..."
"Raise your hand if you’ve ever heard that expression before? Well, now there’s proof that this well-worn phrase is more than just a pointless platitude: “Royal Bank of Scotland Group..."
"The Central Reserve Bank of Peru’s policy interest rate was lifted by 50 basis points to 3.0% as expected. Five straight monthly increases total 175 bps, reversing a third of the cumulativ..."
"A full week lies ahead. This is the week that China releases most of its monthly data, and speculation has arisen that China’s central bank will engineer its first rate hike of the cycle.&..."
"Saxo Bank launches “Morning Kickoff” and “Charts of the Day” on TradingFloor.com to provide you with a daily overview of the forex market. The main purposes of the “Morni..."
"With an as-expected 50-basis point repo rate reduction to 6.0% announced today, the South African Reserve Bank has in eight steps now halved its repo rate. Six of the moves totaling 500 basis po..."
"As expected, the Bank of England’s Monetary Policy Committee (MPC) has voted to maintain UK interest rates at the current record low of 0.5 percent. This is the 18th straight month that rates ha..."
"The Bank of England announced no policy changes and will let published minutes of its monthly meeting on September 22 do all the explaining of its latest thinking. The Bank Rate has been at 0.5%..."
"Sterling lower against the U.S. dollar in forex tradingThe Bank of England, as expected,has left its rate steady, and left the current quantitative easing program unchanged. The news comes as no surpr..."
Blog:
Global Forex BlogTidsstämpel: 2010-09-09 09:08
Taggar:
bank,
currencies,
currency,
currency trading,
dollar,
forex,
forex trading,
market,
pound,
rate,
trading
"Loonie up against greenback in forex tradingThe Canadian dollar is heading higher in currency trading on the FX market, thanks to a little help from the Bank of Canada's hawkish statement. The BOC jus..."
Blog:
Global Forex BlogTidsstämpel: 2010-09-09 08:56
Taggar:
bank,
currencies,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
fx market,
loonie,
market,
rate,
trading
"After earlier increases on June 1 and July 20, the Bank of Canada hiked its target overnight rate by 25 basis points for a third time today. Roughly three of every five analysts foresaw that res..."
"The Bank of Canada today announced that it is raising its
target for the overnight rate by one-quarter of one percentage
point to 1 per cent. The Bank Rate is correspondingly 1 1/4 per
cent and the de..."
"The Greek economy contracted by 1.8 percent in the second quarter as the beleaguered country deals with a crippling debt load. The pullback was greater than expected nearly doubling the 0.8 percent co..."
"The 750b EUR bailout months ago still cannot sooth investors fears, pushing the gap between the Bund, Irish and Portuguese debt to an all time high this morning. The market continues to worry about th..."
"As widely expected, Australia’s Official Cash Rate (OCR) was left at 4.5%. A statement from the Policy Board of the Reserve Bank of Australia observed that the terms of trade (export/impor..."
"Just a week before its regular September meeting, the Policy Board had held a three hour six minute unscheduled meeting that by an 8-1 vote had increased the amount of money to be provided through fix..."
"Australian dollar lower in forex tradingThe Reserve Bank of Australia has kept monetary policy steady, and that is prompting some to believe that the recent run for the Aussie is drawing to a close. I..."
Blog:
Global Forex BlogTidsstämpel: 2010-09-07 08:21
Taggar:
aussie,
bank,
currency,
currency trading,
dollar,
economy,
employment,
forex,
forex trading,
market,
rate,
report,
trading
"The regularly scheduled monthly meeting of the central bank Policy Board is today and Tuesday. However, an unscheduled meeting just a week ago caved into to mounting political pressure and took..."
"Canadian and U.S. markets will be shut today for Labor Day holidays. No meaningful data releases from markets that are open. Main currency movements have been a 0.6% drop of sterling, a 0.4% further r..."
"The week to September 10 kicks off with Labor Day holiday closures on Monday in both the United States and Canada. Brazil and numerous Asian countries also celebrate holidays during the week...."
"Bank Indonesia released a statement after surprising analysts with an increase to 8% from 5% in in reserve requirements, which could herald interest rate tightening before much more time elapses. ..."
"The long wait is over! The Bank of International Settlements (BIS) has just released the results from its Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity, conducted i..."
"The European Central Bank lifted its growth prediction for the eurozone region to between 1.4 and 1.8 percent for this year, and for between 0.5 and 2.3 percent for next year.
ECB President Jean-Clau..."
"The first tightening on July 1 doubled the repo rate to 0.5%, and today’s action raises such by an additional 25 basis points. The Riksbank is one of few central banks to publish a predict..."
"Following hikes of 25 basis points each this past March, May and July, Bank Negara Malaysia left its key policy rate at 2.75% today and released a message that called the rate level appropriate and ac..."
"The Bank for International Settlements in Basle, Switzerland coordinates a triennial survey of global currency market transaction volume. A survey taken this spring revealed daily turnover of $3..."
"This morning the Bank of International Settlements released its Triennial FX survey which is basically the market’s benchmark for forex volume and turnover. To no one’s surprise, volume ha..."
"The monthly ADP Employer Services survey shows that US employment fell by 10,000 during the month of August, the first monthly job loss since January. This flies in the face of a survey of economists..."
"Meeting minutes from the US Federal Reserve’s August meeting released yesterday indicate that the Bank is prepared to buy more US debt if the economy were to worsen “appreciably”. Th..."
"As first reported by Francesc and according to the latest BIS survey Forex market volume growth is unstoppable. The whole market volume was 20% higher in April 2010 than in April 2007, with average da..."
"Bank Rossii left the Russian refinancing rate at a record low of 7.75%. It has been at that level since a 25-basis point cut effective last June 1st. From April 2009 until then, there were..."
"US Federal Reserve chairman Ben Bernanke used a meeting of central bankers at Jackson Hole, Wyoming to reveal four “unconventional” policy options the Fed could use to lift the US economy..."
"The Bank of Japan held an emergency meeting to determine a plan of attack to address the rapidly rising yen. For starters, the Bank announced that it would boost lending and would immediately supply t..."
"Currency trading with the U.S. dollarThe U.S. dollar is mixed in forex trading on the currency market today. The U.K. pound is moving higher against the U.S. dollar right now, as is the Japanese yen..."
Blog:
Global Forex BlogTidsstämpel: 2010-08-30 08:58
Taggar:
bank,
currency,
currency trading,
dollar,
economy,
employment,
forex,
forex trade,
forex trading,
market,
pound,
trading
"The last week of the summer currency market season begins with a British bank holiday on Monday and ends Friday with an early closure of the U.S. Treasury market for the Labor Day holiday. Since..."
"Interbank FX just announced that its Australian subsidiary obtained an ASIC license and will shortly start operation in Australia. This signals what everybody knows by now – Australia is the nex..."
"Citing concerns that continued government spending to save the banking will prove too great a strain on finances, Standard & Poor’s downgraded the Irish Republic’s credit rating one n..."
"The Bank of Thailand’s one-day repo rate was raised to 1.75% following a 25-basis point initial increase to 1.50% announced July 14. Officials released a statement noting that second quart..."
"Inc. 500 magazine announced that Forex Club Financial has been admitted into their ranking of the fastest growing private companies in America. This year FX Club is snatching the title of the fastest..."
"Could yuan be the next world currency?China certainly appears to be on its way to building the next de facto world currency. In spite of some relatively recent calls for a new global reserve currency..."
"Yesterday the Magyar Nemzeti Bank announced no change in Hungary’s central bank Base Rate of 5.25%. Fourteen reductions totaling 625 basis points between November 2008 and April 2010 had b..."
"The Bank of Israel yesterday announced no change in the 1.75% Policy Rate, which had previously been raised by 25 basis points each in August, November and December of 2009 and March and July of this..."
"Mexico’s overnight central bank interest rate was held at 4.5%, the setting since July 2009, as was expected. GDP advanced 7.6% in the year to 2Q10, while CPI inflation had an on-year 3.6%..."
"After meeting on August 19, officials at the Central Bank of the Republic of Turkey kept the one-week repo rate steady at 7.0%, reiterated that it would be necessary to maintain policy rates at curren..."
"The Aug. 10 meeting of top Federal Reserve officials was among the most contentious in Ben Bernanke’s four-and-a-half year tenure as central bank chairman.
With the economic outlook unexpectedl..."
"Raghuram Rajan, the former chief economist for the International Monetary Fund (IMF), will argue that the Federal Reserve should consider raising interest rates when he speaks at the Fed’s annu..."
"Central bank meetings in the coming week scheduled in Israel, Hungary, Poland, and the Philippines are not expected to result in any changes of interest rates. Thai monetary officials, however, prob..."
"It was only a few weeks ago that I last wrote about the possibility of intervention on behalf of the Japanese Yen, and frankly, not a whole lot has changed since then. On the other hand, the Japanese..."
"EUR/USD rose today, following yesterday’s decline, as reports from the US today were really bad. Unemployment claims posted increased instead of expected decline and the ..."
"Following one of the fastest growing quarters in twenty years, Germany’s central bank, the Bundesbank, increased its growth prediction for the second half of the year to 3 percent from 1.9 perce..."
"Saxo Bank published its report for investors for the first half of 2010 yesterday and the results are excellent. Net profit increased 13-fold from DKK 41 million (~$7 million) to DKK 551 million (~$95..."
"Sterling rallies in currency trading on BOE minutesMinutes released regarding the most recent Monetary Policy Committee meeting at the Bank of England have given the U.K. pound something to cheer abou..."
Blog:
Global Forex BlogTidsstämpel: 2010-08-18 09:20
Taggar:
bank,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
market,
pound,
rate,
trading
"The rate of inflation in the UK fell slightly to 3.1 percent in July compared to 3.2 percent in June. While prices continue to rise, the rate of increase has slowed in each of the past three months.
D..."
"UK inflation eased to 3.1% in July from 3.2% in June, the third month in a row that prices have risen more slowly.
However, the Consumer Prices Index (CPI) is still well above the Bank of England̵..."
"U.S. dollar forex trading forecastThe U.S. dollar is showing weakness today in currency trading on the FX market as risk currencies like the Australian dollar head higher. There is a degree of risk ap..."
Blog:
Global Forex BlogTidsstämpel: 2010-08-17 14:14
Taggar:
bank,
currencies,
currency,
currency trading,
dollar,
forex,
forex trading,
fx market,
market,
point,
report,
trading
"The Federal Reserve Bank of New York released its ?Empire State? index on Monday, and for the first time in over a year, factory orders in the state declined. The pullback in new orders coincided with..."
"Bond investors seeking top-rated securities face fewer alternatives to Treasuries, allowing President Barack Obama to sell unprecedented sums of debt at ever lower rates to finance a $1.47 trillion de..."
"China, whose $2.45 trillion in foreign-exchange reserves are the world?s largest, is turning bullish on Europe and Japan at the expense of the U.S.
The nation has been buying ?quite a lot? of European..."
"Next week will be much quieter than the past one. No top tier and few overall central bank meetings are scheduled. Those in Turkey, Colombia and Mexico are expected to keep existing rate l..."
"Currency trading with EUR/USDThe euro is moving lower in forex trading on the currency market today, seeing plenty of downside risk. Earlier in the session, the euro got a little bit of a boost from t..."
"Is the Bank of Japan stepping things up? In a very unusual move, BoJ Governor Shirakawa said earlier today:
“There are substantial fluctuations in the foreign exchange and stock markets mainl..."
"Central Bank governor Patrick Honohan has described Irish bond market spreads as a “setback”.
Irish bonds spreads widened after the European Commission approved the Government’s move..."
"Saxo Bank has just launched another forex portal called www.forextrading.com. The folks at Saxo are doing a pretty decent job at launching new websites and portals though I have reservations regarding..."
"The decision by the Bank of Korea to leave the seven-day repurchase rate at 2.25% seems to be a pause rather than an indefinite halt in efforts to return to a more normal, less accommodative monetary..."
"There’s been lots of attention on the yen after such touched a 15-year high of 84.75/USD on Wednesday. A Bank of Japan official confirmed the central bank had been checking market yen rate..."
"Sovereign debt worries return to the euro zoneYesterday, the euro saw a bit of a collapse in forex trading on the currency market as it plummeted below the 1.30 level against the U.S. dollar. Today, t..."
Blog:
Global Forex BlogTidsstämpel: 2010-08-12 09:17
Taggar:
bank,
currencies,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
market,
point,
profit,
report,
trading
"Let?s get real. The U.S. is bankrupt. Neither spending more nor taxing less will help the country pay its bills.
What it can and must do is radically simplify its tax, health-care, retirement and fina..."
"Bank of England Governor Mervyn King said inflation will probably slow below the bank?s target in 2012 and growth will be weaker than previously forecast, signaling the U.K. economy may need more emer..."
"U.K. pound in currency tradingThe U.K. pound is lower in currency trading on the FX market this morning, thanks to the latest economic news out of Britain. Sterling is down in forex trading as the Ban..."
Blog:
Global Forex BlogTidsstämpel: 2010-08-11 08:55
Taggar:
bank,
cpi,
currencies,
currency,
currency trading,
dollar,
forex,
forex trade,
forex trading,
fx market,
market,
pound,
trading
"The Fed did not decide to expand its balance sheet, which isn’t surprising given the political brouhaha over its sharp rise during the severe recession. A passive decrease in the central b..."
"Although talking things over for more than six hours and devoting considerable discussion to the risks of a rising yen, Japan’s Policy Board in the end were more than happy not to upstage the FO..."
"The Bank of Japan refrained from adding measures to expand liquidity as it gauges the risk the yen?s advance poses to the nation?s export-led rebound.
The policy board headed by Governor Masaaki Shira..."
"From today’s Jyllands-Posten: Saxo Bank faces heavy expenses in an effort to prove to the FSA that it executed client orders according to its best execution policy. Whoever is after Saxo they ar..."
"Japan’s central bank authorities face mounting pressure to take more concrete action to counter deflation from politicians in the ruling party and the opposition parties alike. There have..."
"The first monthly decline in Canada?s employment this year failed to dissuade bond traders from expecting another interest-rate increase by the Bank of Canada next month, though the chances are dimini..."
"European Central Bank President Jean- Claude Trichet may allow Federal Reserve Chairman Ben S. Bernanke to avoid loosening monetary policy tomorrow by helping engineer a rebound in global financial ma..."
"For the first time since the start of the financial crisis in August 2007, U.S. investors own more Treasuries than foreign holders.
Mutual funds, households and banks have boosted the domestic share o..."
"The FOMC and Bank of Japan hold interest rate policy meetings next week. So do the Norwegian, South Korean and Hong Kong monetary authorities. None of these are expected to modify key rate..."
"Melinda Nagy, a Hungarian special education teacher who knows little about financial markets, has started to lose sleep over exchange rates.
Nagy?s payments on her Swiss-franc denominated mortgage alm..."
"Bjarne Riis, owner and manager of Riis Cycling A/S, announced today that Saxo Bank, the trading and investment specialist, will become co-title sponsor with SunGard, one of the world?s leading softwar..."
"Interbank FX just announced that it will assist client who use EAs with the transition to market orders and 5th decimal pricing. This is one of the most important changes this industry is undergoing a..."
"Analysts had not expect a rate hike of as much as 50 basis points delivered by the Central Reserve Bank of Peru. This move was twice as much as the ones in May, June and July and brought t..."
"At the start of 2009, financial market conditions were fragile but recovering. The Foreign Exchange Committee?s primary concerns continued to be funding and liquidity. In the first quarter, the Commit..."
"Next week, the Open Market Committee (OMC) of the Federal Reserve Bank will hold its monthly meeting. Even without checking futures prices, it’s obvious that the probability of an interest rate..."
"The Czech National Bank became the third European central bank today to announce no change in its key interest rate. The decision was expected. A report from policymakers implies that..."
"The European Central Bank left interest rates at a record low as policy makers start to consider how to scale back the crisis-fighting measures introduced over the past two years.
The ECB?s Governing..."
"Greece’s efforts to tackle its public deficit have had a “strong start”, the International Monetary Fund (IMF) and European Union (EU) have said.
The comments came after a delegation..."
"The Bank of England has voted to keep interest rates on hold at 0.5% amid concerns over the strength of the economic recovery.
The decision by the bank’s Monetary Policy Committee (MPC) means ra..."
"The Bank of England as expected left its Bank Rate at 0.5% and its asset purchase program ceiling at Gbp 200 billion and released a bare bones statement informing investors that minutes of this month&..."
"New Zealand?s dollar fell against all its major counterparts after a report showed the jobless rate rose more than economists forecast, signaling the central bank will slow the pace of interest rate i..."
"U.S. consumer bankruptcies, after rising 9 percent last month from June, might exceed 1.6 million this year, according to the American Bankruptcy Institute.
The 137,698 bankruptcy filings in July also..."
"For a second straight meeting, officials at the National Bank of Romania kept the monetary policy rate at 6.25%. Cuts in January, February, March and May had reduced the key interest rate by 175..."
"An unchanged central bank in Indonesia was as expected and perpetuates the stance that was reached in August 2009 following six cuts of 25 basis points and three reductions of 50 bps from a peak of 9..."
"Aussie in forex tradingEven though risk aversion has set in, the Australian dollar is still higher in currency trading against the U.S. dollar. Global equities are down, including U.S. stock futures..."
Blog:
Global Forex BlogTidsstämpel: 2010-08-04 08:05
Taggar:
aussie,
bank,
currencies,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
market,
rate,
report,
trading
"Neither the ECB nor the Bank of England will change their respective key rates of 1.0% and 0.5%. There has not been a rate change since March 2009 in Britain’s case or May of last year at the EC..."
"Central bank interest rate meetings are scheduled in Australia, the euro area, the U.K., Peru, Romania Indonesia and the Czech Republic, but none is expected to announce a change of policy. ..."
"Over the past 24 hours, there has been a lot of talk about month end fixings. Therefore I think it is worthwhile to spend a few minutes explaining the foreign exchange market’s monthly obsession..."
"It has been three years since the Bank of International Settlements’ last report on foreign exchange was released. Since then, analysts could only speculate about how the forex market has evolve..."
"Encouraging data from the European bank stress tests, and a growing demand for euros from Asian central banks, has helped push the euro to an eleven-week high against the dollar. This, combined with m..."
"Currency trading on the FX marketThe kiwi is lower in forex trading today, thanks to dovish sentiment expressed by the Reserve Bank of New Zealand. RBNZ officials decided to raise the base rate by 25..."
Blog:
Global Forex BlogTidsstämpel: 2010-07-29 08:56
Taggar:
aussie,
bank,
currencies,
currency,
currency trading,
dollar,
forex,
forex trading,
fx market,
kiwi,
market,
point,
rate,
report,
trading
"The Reserve Bank of New Zealand has implemented a second 25-basis point rate increase. The first was announced June 10, and today’s lifts the rate to 3.0%. The central bank’s stateme..."
"Barclays, one of the biggest and most successful banks in the world, just launched what seems to me as a brilliant online financial game. While this is not exactly forex related, I still think it̵..."
"Risk rally on the currency marketThe U.K. pound has moved on to the 1.56 level in currency trading on the FX market. As a result of help from the risk rally on the currency market, sterling has hit a..."
Blog:
Global Forex BlogTidsstämpel: 2010-07-28 10:09
Taggar:
bank,
currency,
currency trading,
durable goods,
economy,
forex,
forex trade,
forex trading,
fx market,
goods orders,
market,
pound,
trading
"Better-than-expected profits from a couple of European banking giants helped push stock markets higher this morning. UBS AG, Switzerland’s largest bank, and Deutsche Bank AG, Germany’s lar..."
"The Reserve Bank of India raised interest rates for the second time this month, lifting its key borrowing repo rate by an as-expected 25 basis points to 5.75% but ratcheting its reverse repo rate up b..."
"The European stress tests are now behind us and unfortunately they failed to be the buzz kill or euphoric event that was needed to break the EUR/USD out of its recent trading range. The goal of the st..."
"Shares in European banks rose Monday as the markets reviewed the results of the banking system stress tests over the weekend. Seven of the 91 European banks that underwent stress tests failed. They in..."
"Is it enough to convince investors? European regulators found that ?only? seven banks need to raise a combined EUR3.5b of capital. From all the monies that have been given out and promised by various..."
"Euro forex trading forecastThe euro is gaining in currency trading on the FX market as some degree of risk appetite returns to the market. Even though there are some doubts about the global economy, t..."
Blog:
Global Forex BlogTidsstämpel: 2010-07-26 09:33
Taggar:
bank,
currency,
currency trading,
dollar,
economy,
forex,
forex trade,
forex trading,
fx market,
market,
point,
report,
trading
"Among central banks holding interest rate meetings in the final week of July, those in India and New Zealand seems inclined to tight 25 basis points, while those in Poland and Israel are expected to l..."
"When the results of the long-awaited stress tests were made public on Friday, seven of the ninety-one banks tested, were deemed to hold insufficient capital. Germany-based Hypo Real Estate Holding AG..."
"According to Statistics Canada, Canada’s national inflation rate was 1.0 per cent in June. All provinces recorded positive growth, but in several cases, the rate of growth declined from the prev..."
"Crude prices were on the decline Friday as investors took a breather on concerns that speculation pushing oil to an 11-week high was too ambitious. Positive earnings news in the US and demand in China..."
"A big jump in construction helped boost the British economy to a better-than-expected quarterly growth rate of 1.1 percent and nearly doubling the expected growth rate of 0.6 percent.
George Buckley..."
"Germany and Britain reported data with huge upside surprises. Stress tests performed on 91 European banks will begin to get reported today at 16:00 GMT (noon on the U.S. East Coast. Some S..."
"Germany and Britain reported data with huge upside surprises. Stress tests performed on 91 European banks will begin to get reported today at 16:00 GMT (noon on the U.S. East Coast. Some S..."
"A stronger than expected German Ifo confidence survey this morning (106.8 vs. 101.5) is supporting the EUR ahead of the Bank Stress Test releases. Along for the ride is Sterling aided by its 2nd Q GDP..."
"Currency trading with the euroThere is a risk rally going on right now on the currency market, sending the euro higher in forex trading. Most of the euro's gains today are coming as economic data show..."
Blog:
Global Forex BlogTidsstämpel: 2010-07-23 09:24
Taggar:
bank,
currency,
currency trading,
economy,
financial,
forex,
forex trade,
forex trading,
market,
rate,
report,
trading
"After two 25-basis point hikes of the Bank of Canada overnight interest rate target, such stands currently at 0.75%, a level that still represents considerable stimulus. One infers from tables i..."
"After two 25-basis point hikes of the Bank of Canada overnight interest rate target, such stands currently at 0.75%, a level that still represents considerable stimulus. One infers from tables i..."
"The unchanged monetary policy setting announced by the South African Reserve Bank was the result expected by a majority of analysts and matched the outcome of the prior policy meeting in May. In..."
"The unchanged monetary policy setting announced by the South African Reserve Bank was the result expected by a majority of analysts and matched the outcome of the prior policy meeting in May. In..."
"Testifying before the Senate Banking Committee late yesterday afternoon, Federal Reserve Chairman Ben Bernanke described the next six months as “unusually uncertain”. Despite the uncertain..."
"Policymakers at the Central Bank of Brazil, known as COPOM, lifted their key Selic rate for a third time but by a lesser 50 basis points to 10.75%. Analysts were predicting a move of 75 basis po..."
"Policymakers at the Central Bank of Brazil, known as COPOM, lifted their key Selic rate for a third time but by a lesser 50 basis points to 10.75%. Analysts were predicting a move of 75 basis po..."
"The Federal Reserve is a creation of Congress and mandated by that legislative branch to promote two objectives: price stability and maximizing employment. Because of this accountability to Cong..."
"The Federal Reserve is a creation of Congress and mandated by that legislative branch to promote two objectives: price stability and maximizing employment. Because of this accountability to Cong..."
"Forex trading with the sterlingThe U.K. pound encountered some volatility earlier in currency trading on the FX market. Indeed, forex trading with the sterling saw some rather large movements earlier..."
"With the results of the stress tests to gauge the strength of the European banking system due later this week, criticism over how the tests are being conducted continue to be leveled against authoriti..."
"In follow-up to a first 25-basis point rate increase on June 1, Canada?s overnight rate target was lifted by another 25 basis points to 0.75%. The move was widely forecast, and analysts were mos..."
"In follow-up to a first 25-basis point rate increase on June 1, Canada?s overnight rate target was lifted by another 25 basis points to 0.75%. The move was widely forecast, and analysts were mos..."
"As expected, the Bank of Canada announced it was raising the benchmark lending rate by 25 basis points to 0.75 percent. This is the second increase in the past two months and comes as the Canadian eco..."
"Over the last few days, Spain, Ireland, and Greece have combined sold nearly 10 billion euros (US$13 billion) of debt. There is even growing demand for more short-term bonds from these high-deficit co..."
"Ahead of Friday?s publication of European bank stress test results, the German Dax, Paris Cac, Spanish IBEX, and British Ftse have traded 1.1%, 1.2%, 0.7%, and 0.6% lower. In the Pacific Rim, th..."
"Forex Trading involves high risks, with the potential for substantial losses and is not suitable for all persons. Past performance is not necessarily indicative of future results.USD: Expect More Hous..."
Blog:
Global Forex BlogTidsstämpel: 2010-07-20 08:58
Taggar:
announcement,
bank,
bull,
currencies,
currency,
currency trade,
dollar,
dollar trading,
economy,
financial,
forex,
forex market,
forex trading,
gold,
hedging,
market,
point,
pound,
real estate,
report,
trading
"The fifth out of eight scheduled interest rate decisions in 2010 will be unveiled at 13:00 GMT Tuesday. Analysts will be combing tomorrow?s statement for clues to whether more tightening is comi..."
"Citing growing bank liabilities, weaker growth, and reduced revenue streams for the government, Moody?s pulled the trigger on a downgrading of Ireland?s credit rating earlier today. The New York-based..."
"For the better part of this year, the exacerbation and settling of concerns surrounding balance sheet problems in Europe has commanded the volatility in the financial markets. This Friday, it is beli..."
"Magyar Nemzeti Bank officials left their key interest rate at 5.25% as they had done at their June and May meetings and as analysts were expected. But for the first time, an explicit possi..."
"The Canadian dollar ? AKA the ?loonie? – opened higher Monday as expectations grow that the Bank of Canada will raise rates later this week. On Friday, the loonie fell to 94.52 US cents, it?s lo..."
"Wall Street futures point to a higher open on Monday as stocks appear set to recover from Friday’s sell-off. This week, 12 Dow components and 122 S&P 500 companies are set to report quarter..."
"Saxo bank is looking to enjoy there award from the ?Profit and Loss? magazine for having the best re-labelling platform for 2010. This should provide Saxo bank with robustness for their white label bu..."
"Euro heads higher in forex tradingMany forex traders got a bit of a surprise today when the euro moved higher in forex trading against the U.S. dollar. This is because many expected the euro to weaken..."
"The Mexican overnight interbank funding rate, 4.5% since July 2009, was left unchanged as expected on Friday. The rate was reduced in total by 375 basis points last year. The Mexican econo..."
"On the central bank-watching beat, the coming week features Fed Chairman Bernanke?s Humphrey-Hawkins testimony, likely central bank rate hikes in Canada, and Brazil, other central bank policy meetings..."
"A new statement from the Central Bank of the Republic of Turkey kept the mantra that current policy interest rate levels can be maintained for ?some time? and that low levels are probable for ?a long..."
"Having followed Bank of Japan policymaking since before Japan?s financial crisis, I was suspicious when consensus forecasts surfaced several months ago that the Fed funds rate would rise later this ye..."
"Following Greece’s lead earlier this week, Spain has concluded a successful bond sale. All 3 billion euros ($3.8 billion) of 15-year bonds offered by Spain were sold and analysts say the strong..."
"JPMorgan Chase & Co. added to the strong showing during “earnings week” by announcing profits for the second-largest US bank rose by 79 percent. Second-quarter net income climbed to $..."
"Several Asian central banks, but not yet Bangko Sentral NG Pilipinas, have started to raise their interest rates. The Filipino overnight borrowing and lending rates were left at 4% and 6%, respe..."
"So much for a rate hike this yearOne of the hopes for the economy has been that the Fed will have reason to hike rates by the end of the year. However, with the release of the latest Fed minutes, it a..."
"The euro went down today at the start of the trading session against the dollar after industrial production in Europe expanded less than expected and Spanish fi..."
"Interest rate normalization has begun in yet another Asian economy. The Bank of Thailand had delayed that decision because of domestic political unrest. But officials now conclude that any..."
"It’s funny ? I always thought that I had to email or chat with a customer service representative for my answer, when I was having difficulties with my forex broker. Well no more, from beautiful..."
"China?s stock market fell 1.6% after government indications that property market curbs will be retained. Signs such have been effective already include a 0.1% dip in property prices last month a..."
"The Bank of Canada?s first rate increase of the cycle on June 1st was justified by evidence of economic recovery. Even though pausing in April, real GDP still expanded 5.0% annualized over the l..."
"Analysts do not expect scheduled central bank meetings in Japan, Turkey, Thailand, Mexico or the Philippines to sanction a change in interest rates. Sweden’s Riksbank will be releasing min..."
"Complain to Google if you don’t like the transalation: On 14 June 2010 the FSA has conducted an inspection at Saxo Bank concerning the bank’s compliance with the rules on investor protecti..."
"Stock futures fell today on Wall Street, suggesting the three-day rally is coming to an end. Investors appear to be erring on the side of caution with next week marking the beginning of the “ear..."
"The Bank of England has kept UK interest rates on hold at a record low of 0.5% for the 16th consecutive month. The Bank’s Monetary Policy Committee (MPC) also decided not to inject any more mone..."
"Bowing to the reality of a strong domestic recovery — real GDP grew in the first quarter by over 8% both from 4Q09 annualized and from 1Q09 — the Bank of Korea finally implemented a rate i..."
"Risk is being bought this morning following not so dovish comments from ECB President Trichet and stronger than expected economic data.
Going into the ECB meeting, traders were worried that the Cent..."
"The European Central Bank left its benchmark interest rate unchanged at a record low of 1 percent for the 14th consecutive month on Thursday amid lingering concerns over the health of the continent..."
"The ECB left interest rates at a record low as rising market borrowing costs and the sovereign debt crisis threaten to derail the region?s economic recovery.
Policy makers meeting in Frankfurt today k..."
"Following up on similar moves announced March 4 and May 13, Bank Negara Malyasia hiked its overnight policy rate by 25 basis points to 2.75%. In doing this, the central bank has now reversed hal..."
"A typically terse statement with just the bare facts was posted on the Bank of England website at 11:00 GMT today. The announced news had been expected. Officials decided to maintain its B..."
"The June 9th meeting of the Bank of England’s Monetary Policy Committee ended in a split 7-1 to maintain present policy settings, a Bank Rate of 0.5% — the level since March 2009 — a..."
"Forex Economic Calendars competition is increasing and now babypips has introduced a cool new version of its own economic calendar. Most brokers provide either their own calendars or use services of f..."
"Forex Economic Calendars competition is increasing and now babypips has introduced a cool new version of its own economic calendar. Most brokers provide either their own calendars or use services of f..."
"Amid NFA’s grave complaint against Gain Capital, Interbank FX CEO Todd Crossland issued a statement, which may or may not be related to this issue. And this is another fine example of what a cut..."
"Amid NFA’s grave complaint against Gain Capital, Interbank FX CEO Todd Crossland issued a statement, which may or may not be related to this issue. And this is another fine example of what a cut..."
"Greece?s Finance Minister announced today that Greece has cut its deficit by 42 percent so far this year. George Papaconstantinou went on to say that Greece is actually exceeding the deficit reduction..."
"The Reserve Bank of Australia Official Cash Rate (OCR) was retained at 4.5% for a second straight monthly meeting. Six previous increases of 25 basis points each were implemented in October 2009..."
"Saying that he has “no problem with austerity”, European Central Bank President Jean-Claude Trichet yesterday poured cold water on the euro?s mini rally. Despite the pledge to balance stim..."
"Widgets: Saxo Bank, a broker I have an ambivalent relationship with as I can’t decide whether it is good or bad, just announced that it launched a suite of Forex widgets. As usual for Saxo when..."
"Widgets: Saxo Bank, a broker I have an ambivalent relationship with as I can’t decide whether it is good or bad, just announced that it launched a suite of Forex widgets. As usual for Saxo when..."
"European Central Bank President Jean-Claude Trichet yesterday called for greater efforts to reduce budget deficits. The comments sent the euro lower, reversing three days of gains.
?The outlook for gr..."
"By a 4-2 vote, the Executive Board agreed on Sweden’s first rate hike of the cycle, doubling the repo rate to 0.50% and thereby restoring such to a level last seen from April to early July of la..."
"Narodowy Bank policymakers are keeping the central bank reference rate at 3.5%. A year has now gone by since the last of six rate reductions. The first of these in November 2008 and final..."
"It has only been two days since the wrap-up of the G20 meeting, but already, second-guessing has shifted into high gear. Two statements in particular caught the attention of the markets; the first of..."
"The euro strengthened today against the U.S. dollar as the Central European Bank would lend European bank less than was predicted, igniting hopes that European financial system rec..."
"The European Central Bank said today that it is making up to 131.9 billion euros ($161.5 billion) in loans available to European banks for the next three months. This is considerably less than expecte..."
"At the ECB’s 3-month tender, banks only requested EUR 131.9 billion of liquidity to replace EUR 442 billion of maturing one-year funds. This lower-than-projected amount results in a EUR 31..."
"The pound climbed to a 19-month high against the euro yesterday as nervous investor’s anxiously eye a deadline later this week requiring many European banks to repay loans taken out a year ago..."
"U.S. dollar higher against European currencies, lower against the yenRisk aversion has set in on the currency market, and the U.S. dollar is benefiting from it -- at least in trading against European..."
"Euro Forex Trading ForecastOnce again, the euro has dropped below the 1.23 level in forex trading against the U.S. dollar. And the euro forex trading forecast isn't calling for any significant strengt..."
"For a third straight month, the Bank of Israel decided not to implement a fifth rise of the short-term borrowing rate. Such remains at 1.5%, after 25-basis points implemented last August, Novemb..."
"What did Canada get for the ?billion-dollar? boondoggle? G20 members set deficit-reduction targets and agreed to pursue higher capital requirements for banks ?once? economic recoveries take hold. The..."
"Challenges remain for the euro in forex tradingThe euro continues to struggle in currency trading on the FX market, heading lower. While it is not plummeting as it was a few weeks ago, the euro still..."
"Economic growth prospects have discernibly darkened in advanced industrial economies, so financial markets are looking beyond what should be a respectable second quarter. An interest rate hike b..."
"The Dodd-Frank bill was approved following an all-night bargaining session by Congressional negotiators. If approved by the Full House and Senate and passed into law, the bill will include new consume..."
"The Bank of England issued a warning that the debt crisis engulfing the European Union represents a “key risk” to the British banking system. As such, the BofE advised banks to build up th..."
"In time for the weekend and after a 20-hour marathon session, the US House and Senate reach a deal on financial system reform this morning. They happened to reconcile the multitude of versions with th..."
"U.S. dollar higher in forex tradingIt's been an interesting morning so far. The U.S. GDP was revised lower for Quarter 1 of 2010. Originally, the estimate had been for 3% growth in the first quarter..."
"As the final preparations are completed prior to the arrival of the G20 attendees in Toronto, what only a few days ago appeared to be a meeting of mostly like-minded world leaders, now appears somewha..."
"The G8 / G20 meetings being held in Toronto this weekend were billed as an opportunity for governments to come to agreement on a unified approach to avoid slipping back into recession. The question of..."
"It was only last week that I mused about “Further Delays in RMB Revaluation.” Lo and behold, over the weekend, the Central Bank finally budged, by pledging to the members of the G20 that i..."
"The policy interest rate of the Norges Bank was kept at 2.0%, and a released statement from the Executive Board of the central bank expressed the view that the rate “should be held at the curren..."
"Sedlabanki has implemented the fourth rate cut of 50 bps this year and the tenth reduction since March 2009. The seven-day lending rate is now 8.0%, 1000 basis points lower than such had been fr..."
"Sterling gains in forex tradingThe U.K. pound spiked up above the 1.49 level against the U.S. dollar in currency trading today. The news came as a result of news of a split in sentiment with regard to..."
Blog:
Global Forex BlogTidsstämpel: 2010-06-23 12:41
Taggar:
bank,
currency,
currency trading,
dollar,
forex,
forex trading,
inflation,
market,
pound,
rate,
report,
trading
"There’s a report today in Australian press that Sonray Capital, one of Australia’s biggest IBs, has collapsed leaving more than 3,000 investors worrying for their money. In fact, Sonray we..."
"Defying most predictions, the German business index jumped to a two-year high in June, increasing to 101.8 from 101.5 on the index calculated by the Ifo Institute. The index is based on a survey of 7..."
"The yen had its biggest single-day gain in over two weeks Monday, as investors fretted over the possibility that European banks could face a credit crunch and will struggle to raise funds. Japan?s cur..."
"Better data can't spur euro to really in forex tradingThe euro continues to meet resistance to its efforts to rally in currency trading on the FX market. Indeed, even though there has been some improv..."
"The Swiss National Bank (SNB) has apparently admitted (temporary) defeat in its battle to hold down the value of the Franc. ” ‘The SNB has reached its limits and if the market wants to see..."
"The Magyar Nemzeti Bank did not cut its 5.25% key interest rate for a second straight month, citing perceived risks associated with Hungarian fiscal assets and inflation. A statement from offici..."
"The yuan is 0.4% firmer against the U.S. currency following Saturday’s announcement by the central bank that “it is desirable to proceed further with reform of the renminbi exchange rate r..."
"China's central bank signaling an end to a 2-year peg that kept the yuan at lower levels, with Boris Schlossberg, GFT researcher."
"The new British government presents its austerity budget on Tuesday. Central bank meetings next week in the United States, Hong Kong, Norway, the Czech Republic, Hungary and Taiwan are not likel..."
"The one-week repo rate of the Central Bank of the Republic of Turkey was held at 7.0% as expected, and a statement from the monetary authorities had a somewhat dovish tone. It reiterates that pr..."
"Bank of Canada Governor Mark Carney said yesterday that just because the Bank recently raised interest rates by a quarter point, that does not mean that further rate hikes are “preordained”..."
"There’s a huge regulatory revolution happening the UK right now as George Osborne, UK’s finance minister, is scrapping the FSA and is dividing its powers between the Bank of England, a new..."
"Interbank FX, one of the leading MT4 brokers in the market, is about to launch its own proprietary trading platform – Brillian.
No doubt this is no less than a strategic move for Interbank FX wh..."
"Chancellor George Osborne told the House of Commons today that the Financial Services Authority (FSA) will be dismantled and the Bank of England will become the country’s top regulator.
“O..."
"The key overnight Central Bank of Chile interest rate was doubled to 1.0% on Tuesday. The 50-basis point increase was greater than analysts were assuming. An increase this month had been s..."
"Finally FINMA, the Swiss market regulator, has approved another Forex broker. MIG was the first a few months ago and now it’s Dukascopy’s turn.
Dukascopy will now receive a full status of..."
"European debt issues arise againThe euro is heading lower in forex trading on the currency market as Spain is back in the spotlight. After adopting austerity measures, and inspiring some hope in world..."
"Less than a week after holding the benchmark lending rate at 0.5 percent, there is talk in some quarters that the Bank of England will soon be forced to reverse its policy of record low interest rates..."
"The euro was crippled today after Moody?s Investors Service reduced Greece?s credit rating, but managed to recover and resumed its rally. The data from the U.S., released toda..."
"The Bank of Japan after a two-day, six-hour and 11-minute meeting
Voted 8-0 to keep the uncollateralized overnight call rate at 0.1% where such has been since December 2008. In contrast to mult..."
"Aussie drops, but recovers in forex tradingThe Reserve Bank of Australia released the minutes of its most recent meeting, and it appears that monetary tightening is on hold. The speed of the global ec..."
"Japan, Switzerland, Turkey, Mexico and Chile hold central bank interest rate meetings. The last may implement an initial rate hike, while the others are not expected to modify policy. The..."
"James Bullard, President of the St. Louis Federal Reserve Bank, told conference attendees in Tokyo that, despite the European debt crisis, the outlook for the global economy is “strong”.
&..."
"European banks could face liquidity problems and overall profitability could decline should the euro debt crisis force lending institutions to write-off huge losses. The European Central Bank is provi..."
"The Bank of England announced today that it will keep the overnight lending rate at 0.5 percent. With the turmoil in Europe threatening to impact the modest recovery underway in England, it came as no..."
"As expected, the European Central Bank (ECB) upheld the current 1% benchmark lending rate. This marks the 10th straight month that the ECB has maintained the record low rate. As many EU governments fa..."
"Glenn Stevens, President of the Reserve Bank of Australia, issued a warning that the ongoing strife in Europe will likely impact the global economy.
“The [European] episode is not yet over, and..."
"The Reserve Bank of New Zealand (RBNZ) raised its Official Cash Rate (OCR) to 2.75% from 2.5%, which had been the OCR level since a 50-basis point cut in April 2009. Most but not all analysts anticip..."
"Central bank interest rate policy meetings are scheduled next week in Euroland, Great Britain, South Korea, Brazil, New Zealand, and Peru. The Fed Beige book arrives, Chairman Bernanke is one of seve..."
"Trader and author Raghee Horner of Interbank FX gives us a little insight into her way of trading?
I’m not sure what you typically do right now in your trading, but let me give you a little insi..."
"At this point this list only includes Bank broker dealers and not retail forex brokers however I suspect this will change soon enough. Such body might have been able to influence the NFA/CFTC decision..."
"It came as no surprise that Indonesia’s key interest rate was held steady. It’s been at 6.5% since August 2009 after nine consecutive monthly reductions totaling 300 basis points...."
"One day after the Bank of Canada boosted the overnight lending rate to 0.5 percent from 0.25 percent, a survey assessing the mood of small businesses shows increasing confidence. The index, published..."
"Canadian monetary policy has been tightened as officials had hinted was their strong intention. However, effort has been made to dampen concern that the central bank is now off to the policy nor..."
"The European Central Bank suggested that banks in the eurozone could lose up to another 198 billion euros (US$240 billion) in a “second wave” of bad loans. The ECB said euro zone banks wou..."
"Bank of Canada increases overnight rate target to 1/2 per cent and re-establishes normal functioning of the overnight market
The Bank of Canada today announced that it is raising its target for the ov..."
"The Reserve Bank of Australia left its Official Cash Rate (OCR) at 4.5%, matching analyst expectations. Officials had dropped many hints that policy is now on pause. There had previously b..."
"The EUR is failing to find support this morning as it encroaches on three year lows against the dollar. Germany?s political uncertainty is bad for the currency and bad for risky assets in the near ter..."
"Hungary’s key interest rate was not cut further. A streak of ten consecutive monthly policy rate reductions by the Magyar Nemzeti Bank was interrupted in May as analysts thought would happ..."
"The minutes from the May Reserve Bank monetary policy meeting expressed concern about Europe’s sovereign debt crisis but more importantly signaled that interest rates are now “well placed..."
"Interbank FX, one of the most innovative brokers out there, is launching FX Ideas – a collaborative portal between traders and Interbank, as well as between themselves and will also sponsor the..."
"U.S. and British markets are closed for Memorial Day and Spring Banking holidays, respectively.
Stocks were mixed in the Pacific Rim, with gains of 3.1% in Indonesia, 1.8% in Thailand, 1.3% in Malaysi..."
"Currency trading on the FX marketToday should be a relatively calm trading day, with U.S. markets closed for Memorial Day, and with London closed down for a bank holiday. Once markets in Germany and F..."
Blog:
Global Forex BlogTidsstämpel: 2010-05-31 09:53
Taggar:
announcement,
bank,
currencies,
currency,
currency trading,
forex,
forex trading,
fx market,
investment,
market,
trading
"Generally speaking, investors are bullish about Brazil. The emerging market superstar emerged from the credit crisis essentially unscathed, and some believe that ?Brazil will be the world?s fifth-bigg..."
"The coming week has a very crowded data calendar, central bank meetings in Australia, Canada, Thailand, Hungary, Indonesia and the Philippines, and Monday holiday closures in the United States and Gre..."
"Yesterday’s better market tone is holding. The U.S. and British markets will be closed Monday for Memorial Day and a Banking Holiday.
The euro strengthened 0.4% against the dollar. T..."
"The M3 money supply in the United States is contracting at an accelerating rate that now matches the average decline seen from 1929 to 1933, despite near zero interest rates and the biggest fiscal bli..."
"Trader and author Raghee Horner of Interbank FX talks about the ceiling on the USD/JPY…
She says: “It?s been my experience that the U.S. equities market and the USD/JPY have an interestin..."
"Interbank FX just announced the launch of four new tools designed to make traders’ lives easier:
Risk Calculator:
The Risk Calculator created by Interbank FX is designed to calculate how many..."
"The Colombian Central Bank of the Republic is keeping a 3.0% base rate. In a newly released statement, officials attributed slightly higher CPI inflation of 2.0% in April to transitory special f..."
"The obscure but critically important corners of the international banking system, which seized up in 2007-8, may be performing more normally, but segments of the financial system that are followed by..."
"Michel Barnier of the EU Internal Market Commission, said he wants to see European banks pay into a fund to help prevent a future financial crisis. According to Barnier, the funds would be used to man..."
"Raghee Horner of Interbank FX talks more about patterns and how to trade them in her video?
I want to talk about something very specific, regarding two of my absolute favourite things, one of which is..."
"It?s the US dollar libor, the pain of Spanish Banks, Korea, and China?s pending bubble, a trillion dollar bet going sour, restrictions on naked short selling and that?s this week?s issues that are dri..."
"Tuesday turned out to be another tough day for the markets as the ongoing euro debt crisis and heightened concern over an escalation of hostilities between North and South Korea gave wary investors ev..."
"EUR/USD declined today amid signs of economic growth in U.S. and concerns for European economic stability. The central bank in Spain took over the savings bank CajaS..."
"As expected, the Narodowy Bank’s key reference interest rate was kept at 3.5%, its level June 2009. A 25-bp rate cut back then culminated a six-step easing from a prior cyclical high of 6..."
"The LIBOR rate (the rate at which banks lend each other short-term funds) increased for the 11th straight day on growing concerns over the creditworthiness of some banks. The rate advanced to 0.536 pe..."
"Stock markets in Asia and Europe were down sharply Tuesday morning as investors worry that the Euro debt crisis is spreading to other countries. This fear was heightened over the weekend when the Span..."
"Israel began the process of gradually returning to normal short-term interest rates nine months ago. The central bank was the first to raise rates after the world recession. While raising..."
"Saxo Bank, one of Europe’s largest brokers, is both dealing with a large lawsuit by a Portuguese client and with a very ambitious expansion plan which involves implementation of many social trad..."
"Chinese leaders assert themselves in terms of yuan re-valuationOne of the sticking points between the U.S. and China is the value of the yuan. The Chinese keep the yuan low against the U.S. dollar in..."
"Currency trading with the greenbackThe U.S. dollar is moving higher in forex trading on the currency market this morning. This is unsurprising, since the latest news out of Europe has forex traders sc..."
Blog:
Global Forex BlogTidsstämpel: 2010-05-24 10:28
Taggar:
bank,
currency,
currency trading,
dollar,
financial,
forex,
forex trade,
forex trading,
gold,
investment,
market,
trading
"Stock markets crested four weeks ago today on April 26. The subsequent downturn had avoided a bad Monday until today, which was good. Several really big historical stock market crashes hav..."
"The Bank of Mexico retained a 4.5% benchmark interest rates, which represents a 6-1/2 year low. The rate was cut in seven steps from 8.25% at the start of 2009 to its present level by last July..."
"The Policy Board’s late May meeting, slightly more than six hours of discussions over two days, took the following actions:
Left its rate for uncollateralized overnight loans at 0.1%. The..."
"Currency markets have become very sensitive to the possibility of central bank intervention. A 1.4% recovery of the Aussie dollar against the greenback is being attributed to possible buying by..."
"Raghee Horner of InterbankFX talks about using multiple chart views to find support and resistance.
Firstly, it should be noted, that using Support and Resistance in trading, whether that be currencie..."
"Officials at the National Bank of Serbia left the two-week repo rate at a record low of 8.0% at today’s fortnightly policy meeting. Three cuts of 50 basis points apiece have already been i..."
"We are still in a market that is trying to identify the EUR ?move? and not the overall ?correction?. We know Capital Markets sit on record shorts. It?s a tenuous position to have. At times when the ma..."
"The Central Bank of the Republic of Turkey switched its operative interest rate to the 7-day repo rate, which remains at 7.0%, and left all other interest rates including the 6.5% overnight borrowing..."
"Trader and author Raghee Horner of Interbank FX talks about proximity in forex trading.
It’s not something you’ll hear many traders talk about, but Raghee does emphasise it quite a bit..."
"A sharp increase in food prices pushed April’s Consumer Price Index (CPI) to 3.7 percent. This is well beyond the Bank of England’s target rate of 2.0 percent. According to the Office for..."
"It’s beginning to feel a little like late 2007 in financial markets. The loss of confidence in European sovereign debt is rattling other cages, specifically confidence in big European bank..."
"Despite nearly US$1 trillion in support pledged to prop-up the eurozone, the increase in the LIBOR rate indicates that banks are growing more cautious when it comes to lending between the financial in..."
"After falling below $70 a barrel in trading in Asia this morning, the price of New York crude climbed to $71.63 – a gain of two cents over Friday’s close.
“(One) factor that has dep..."
"On the central bank watch, Mexico, Japan, and Turkey have scheduled interest rate meetings. Analysts expect none to change policy. The president of the Swiss National Bank and Governor of..."
"U.S. dollar strength increases in currency tradingThe euro continues to fall in forex trading as the news out of the euro zone prompts risk aversion. Indeed, the euro looks to be in rough shape right..."
Blog:
Global Forex BlogTidsstämpel: 2010-05-14 11:33
Taggar:
bank,
currency,
currency trading,
dollar,
finance,
forex,
forex trading,
fx market,
market,
point,
report,
trading
"The Central Bank of Chile’s monetary policy interest rate has been only 0.5% since July 2009. It fell by 775 basis points via seven consecutive reductions after meetings between January an..."
"Yesterday, Britain?s newly-formed coalition government released details on several of the compromises arranged between the ruling Conservative party and the third-place finisher, the Liberal Democrats..."
"The South African Reserve Bank (SARB) left its benchmark interest rate at a 12-year low of 6.5% after today’s policy meeting, which was the result that analysts expected. A statement from..."
"Bank Negara Malaysia implemented its second overnight policy rate hike of 25 basis points today. The first move was on March 4. Three cuts earlier cuts were made of 25 bps in November 2008..."
"Euro zone troubles continue to weaken the 16-nation currencyThe U.S. dollar continues to gain strength against the euro in forex trading. The news out of Europe, with Spain, and then Portugal announci..."
Blog:
Global Forex BlogTidsstämpel: 2010-05-13 11:21
Taggar:
bank,
bull,
currencies,
currency,
currency trading,
dollar,
employment,
forex,
forex trading,
fx market,
gold,
market,
rate,
report,
spread,
trading
"Moody?s Investors Service lowered 22 billion euros ($28 billion) of Greek bonds backed by loans to consumers and companies as the country adopts austerity measures to qualify for European aid, leaving..."
"A bit of surprising news out of Estonia, as the ECB has backed the Euro hopeful with the lowest debt as percentage of GDP but the 4th largest inflation which will not sit well with the Bundesbank.
Eur..."
"The Bank of Korea holds monthly interest rate policy meetings and made no change in the 2.0% base rate for a fifteenth straight time. Three successive cuts of 100 basis points, 175 bps and 50 bp..."
"Sterling can't gain traction in currency tradingConservative Prime Minister David Cameron is coming to office with budget cuts on his mind and he prepares to lead a government coalition with Liberal D..."
"Trader and author Raghee Horner of Interbank FX talks about an intraday setup on the EUR/USD.
Although this setup occurred a few hours earlier, it still nonetheless is a great example of an intraday s..."
"By a unanimous decision in the Bank of Japan’s first policy meeting since its quarterly in-depth economic review, the overnight money rate target was left at 0.1%. It has been at that leve..."
"At least according to Euromoney. I wrote about their methodology, which I don’t find very accurate, once before but honestly it’s not worse than my own retail volumes survey which mostly r..."
"As political uncertainty grows as a result of last week’s election resulting in a “hung” parliament, the Bank of England announced that benchmark lending rates will remain at 0.5 per..."
"An inconclusive election result in which no party won a majority of the British parliament’s 650 seats left the Bank of England with no other choice than to leave its policy settings of a 0.5% B..."
"Finally, the Euro-zone has decided to make an impact, and have agreed to offer financial assistance, close to 750b EUR?s, to countries under pressure from speculators. The ECB announced this weekend t..."
"Risk appetite returns as relief rally sends financial markets higherThe euro is gaining in forex trading on the currency market as the European Union reveals a bailout plan meant to ease the debt cris..."
"Trader and author Raghee Horner of Interbank FX talks about different volatilities for different currencies.
What if you could actually know the likely price range for the pair you are trading, not on..."
"EUR/USD halted its 4-day decline today on the speculation that the European Central Bank and the Group of Seven Nations will act to prevent a debt crisis to..."
"The European sovereign debt crisis has revealed several truths.
Public officials have thrown varying remedies at the problem, and none has reassured investors more than briefly. The crisi..."
"The Central Reserve Bank of Peru lifted its reference rate for the first time since September 2008. The increase, like then, was by 25 basis points today to 1.50%, still 500 basis points below t..."
"The Czech National Bank two-week repo rate was sliced for the first time in five months by 25 basis points to 0.75%. Many analysts thought the risk of Greek contagion would have deterred such a..."
"As expected, the European Central Bank left its benchmark lending rate unchanged at 1.0 percent on Thursday. While this came as no surprise, US stock index futures fell, as investors were looking for..."
"Trader and author Raghee Horner of Interbank FX talks a bit about her trend trading techniques.
??while the ?trend may be your friend,? it is notoriously difficult to trade a trend for many traders. T..."
"The Norges Bank implemented a third 25-basis point rise of its key central bank policy rate to 2.0%. Analysts had been split over whether this would be done today, and officials released a state..."
"Sedlandi Bank, Iceland’s central bank, has implemented another 50-basis point reduction of the seven-day collateralized lending rate to 8.5%. Prior cuts of the same amount were announced o..."
"The National Bank of Romania cut its policy interest rate to 6.25% from 6.5% as expected. The 25-basis point magnitude of this ninth easing since February 2009 matches the size of the first move..."
"Following 25-basis point increases of the Reserve Bank of Australia’s Official Cash Rate (OCR) last October, November, December, March and April, a sixth tightening of equal magnitude was announ..."
"Risk aversion rules forex market, thoughThe Reserve Bank of Australia hiked its interest rate again, continuing its aggressive attempts to stem the tide of inflation. Australia's economy gets regular..."
Blog:
Global Forex BlogTidsstämpel: 2010-05-04 10:42
Taggar:
bank,
currencies,
dollar,
economy,
forex,
forex market,
forex trade,
inflation,
investment,
market,
point,
rate
"Colombian bond yields and the peso fell today following Fridays tenth rate cut by the Bank of the Republic of Colombia since December 2008 but first since November 2009. The resumed easing cycle..."
"In the case of the Reserve Bank of Australia, data trends tend to be a better guide than spoken words to monetary policy decision-making. The central bank cash rate was previously raised by 25 b..."
"As was widely expected, the Bank of Japan has announced that it will keep interest rates at the current level of 0.1 percent. The vote was unanimous and according to a statement released by the bank..."
"Among economies surveyed in this regular feature, only in Canada, where the central bank has readied investors for monetary tightening as soon as early June, were interest rates under upward pressure..."
"Next week begins with diminished activity. On Monday, markets are closed in Britain for a bank holiday, Japan for Constitution Day, and China for May Day observances. Japan remains closed as Go..."
"The Bank of Japan kept its uncollateralized overnight call rate target at 0.1%, the level since December 2008, and released a new Outlook for Economic Activity and Prices. Projected real GDP gro..."
"Simply put, today is month-end. Traders all week have been consumed with the peripheral market noise. The Fed, Greece, China, all important, but when it comes to ?lemming? revaluation of portfolios fo..."
"Raghee Horner of InterbankFX gives her insight on the USD/CAD…
There are three charts that I find myself consistently focusing on in the USD/CAD: The 30 and 60-minute charts which are in a mark..."
"European Central Bank President Jean-Claude Trichet, urged Germany to move as quickly as possible to approve a bailout package for Greece. Stressing the need to send a clear message to the markets to..."
"COPOM, the monetary policy committee at the Central Bank of Brazil, raised its key Selic interest rate from a record low of 8.75% to 9.5%. Analysts were unanimous in projecting an increase but s..."
"The key seven-day reference interest rate of the Narodowy Bank has been at 3.5% since a 25 basis point reduction in June 2009. That was the sixth cut since November 2008 and brought the cumulati..."
"European stock markets took a broadside hit this morning following the ratings cut Standard & Poors imposed on both Greece and Portugal. Spain’s leading stock index fell 3.3 percent while P..."
"Trader and author Raghee Horner of Interbank FX gives us her insight into what the USD/CAD might be up to.
She mentions, ?The USD/CAD caught my eye this morning when prices rallied into the 34EMA Wave..."
"Euro zone looks for directionExposure to Greek debt -- and Portuguese debt (which could be the next crisis) -- is harming European banks today. Indeed, stocks in Europe are lower as banks pull down in..."
Blog:
Global Forex BlogTidsstämpel: 2010-04-28 09:33
Taggar:
bank,
currency,
currency trading,
dollar,
forex,
forex trading,
fx market,
gold,
market,
oil,
trading
"Contrary to the view of some analysts, the Bank of Israel’s short-term borrowing rate was not raised today by a further 25 basis points but rather left steady at 1.50%. Only Australia̵..."
"The Magyar Nemzeti Bank implemented the 14th cut of its base rate since November 2008 and tenth since July 2009. The decrease of 25 basis points to 5.25%matched expectations and was the fifth co..."
"A really exciting week lies ahead for economic data junkies and central bank watchers. Thursday, April 29, sees the first of Japan’s four holiday closures, that being Showa Day to honor th..."
"After formally requesting financial aid, German Chancellor Angela Merkel said that it is up to the IMF to determine what action should be taken to help Greece. Merkel underlined that any assistance wo..."
"The banking reporting season next week is expected to be positive, says Jeremy Hook, investment director at TMS Capital. He speaks to Kathy Lien, director of currency research at GFT Forex and CNBC's..."
"I guest hosted CNBC Squawk this morning. Here are a few video clips. I was also star struck from meeting Jim Rogers in the green room.
Outlook for Australian Banks (I come on in a minute)
"
"The 32-page quarterly policy report from Canada’s central bank reiterates many points made two days ago in the post-meeting policy announcement. But a number of additional revelations were..."
"With the dust still settling after the SEC’s announcement that it was investigating a derivatives deal engineered by Goldman Sachs and Paulson & Co., President Obama will address the need f..."
"Trader and author Raghee Horner of Interbank FX talks about trading price patterns, specifically channels, and uses the EUR/USD from yesterday as an example.
A lot of the time new traders aren?t too k..."
"The Bank of England’s Monetary Policy Committee unanimously supported maintaining the current benchmark lending rate of 0.5 percent. The MPC also voted to keep the quantitative easing program ca..."
"Until domestic political unrest erupted earlier this month in Thailand, the central bank there had appeared set to lift its record low policy interest rate this week. A hawkish statement had bee..."
"Trader and author Raghee Horner of Interbank FX talks about the concept of choosing the right trades.
Lets face it, everyone has their own idea of what to trade, everyone has their own criteria, diffe..."
"Watching the drip-by-drip evolution of talks to avoid a near-term Greek government default leaves me with a feeling of deja vu. Didn’t the plan to infuse major U.S. banks that began in lat..."
"At the third of eight scheduled monetary policy meetings in 2010, the Bank of Canada took three actions, the gist of which points to an initial rate hike getting announced on June 1 after the next mee..."
"Swedish central bank policymakers left their key repo rate at 0.25%, its level since July 2009, which was what analysts predicted. They released new forecasts, cutting projected headline CPI inf..."
"India, Asia’s third largest economy, has an intensifying inflation problem. In response, the Reserve Bank of India (RBI) lifted its key lending and borrowing rates on March 19 by 25 basis..."
"Next week starts with a meeting Monday in Athens of Greek government representatives with officials of the EU, IMF, and ECB in order to expedite completion and quick approval of a EUR 45 billion aid p..."
"U.S. dollar could remain weak in forex trading in the futureThe U.S. debt situation is likely to contribute to inflation in the coming years, potentially weakening the U.S. dollar in forex trading. Fo..."
Blog:
Global Forex BlogTidsstämpel: 2010-04-16 10:50
Taggar:
bank,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
fx market,
inflation,
market,
point,
rate,
report,
trading
"The Central Bank of Chile slashed the key Chilean interest rate from 8.25% at end-2008 to 0.5% seven months later and is now preparing markets for a fairly aggressive rise in rates later this year...."
"Bank of Mexico officials, who previously cut their benchmark interest rate in seven consecutive steps from 8.25% at end-2008 to 4.5% after last July’s meeting, left their accommodative policy on..."
"RealtyTrac Inc. – keepers of a database of distressed properties in the US – says that the US foreclosure rate is at a 5-year high. According to RealtyTrac, the number of U.S. homes taken..."
"It seems that two days can’t go by after I’ve finally flattered Saxo Bank and them being accused of something that may actually prevent me from eating my hat (Chris – take your hat b..."
"The Canadian dollar has strengthened a long way since the first quarter of last year amid improving fundamentals and additional support from the comments of the Bank of Canada Governor and the Finance..."
"The Central Bank of the Republic of Turkey had a target overnight borrowing rate of 16.75% as late as October 2008. Thirteen consecutive monthly reductions later, it was 1025 basis points lower..."
"Today U.S. President Barrack Obama will meet with White House officials to discuss Wall Street Regulations. It is unknown how much political capital the U.S. leader has left after his victory on Healt..."
"Japan?s bonds rose, snapping a two-day loss, after a Bank of Japan report showed producer prices dropped for a 15th-consecutive month, reinforcing the case for the bank to keep interest rates near zer..."
"Australian business confidence held in March close to its highest level in almost eight years as companies reported a surge in forward orders that suggests the economy is weathering higher central ba..."
"It’s a PR hardly worth mentioning (although it’s an extremely funny read) but it’s interesting because another broker targets Eastern Europe. This adds to Saxo Bank and FXCM’s..."
"As can be seen, the AUD/USD has really been bullish in recent weeks. If you’ve not been following this pair, just pull up a higher timeframe chart to see what I mean.
We have some useful technic..."
"In the second week of April, British political parties unveil their election manifestos, the U.S. and Canada report trade data, the Bank of Japan holds a quarterly Branch Managers meeting, and E..."
"The Euro gained for a second day after European Central Bank President Jean-Claude Trichet said that “a default is not an issue for Greece”. Greek Bonds also rose for the first time in two..."
"Oil prices for May delivery jumped to $86.23 a barrel in electronic trading on the New York Mercantile Exchange this morning, as an increase in demand for energy, and signs of a rebounding US economy..."
"After cutting its key monetary policy rate by 100 basis points in August 2008, 175 bps in December 2008 and 50 bps in February 2009, the Bank of Korea will continue to run that very accommodative rate..."
"Despite a hint a month ago of a possible rate increase this month but consistent with analyst expectations, the Central Reserve Bank of Peru kept policy steady at settings first established last Augus..."
"Let’s start at the beginning. The euro got off to a poor start in part over misgivings over the lack of a single fiscal policy to complement the single independent monetary policy of the E..."
"Saxo Bank, an online trading and investment bank and Europe’s largest FX broker, has announced today its financial results for 2009. The full financial report is embedded below and it’s an..."
"Citing ongoing concerns with Greece’s future and making only a passing reference to the slumping Euro, the European Central Bank (ECB) kept its benchmark interest rates at 1%.
?Greece is keeping..."
"The Bank of England’s Monetary Policy Committee (MPC) did as expected and held the benchmark lending rate at 0.5 percent. This is the fourteenth straight month that interest rates have remained..."
"At 11:00 GMT, a newly designed Bank of England website confirmed what everyone expected: no changes in the 0.5% Bank Rate or the Gbp 200 billion ceiling of the asset purchase facility (APF). The..."
"The Bank of England will not be changing policy this month. An announcement will be made at 11:00 GMT on Thursday. The asset purchase facility was suspended but not subsequently wound down..."
"As noted in my preview, the March 17 and April 30 policy meetings of the Bank of Japan were bound to be more important than this week’s. Sure enough, the Policy Board voted unanimously to..."
"Will an yuan revaluation come next?The People's Bank of China is making moves to tighten monetary policy in an effort to curb some of its recent explosive growth. Indeed, the PBOC announced that it wi..."
Blog:
Global Forex BlogTidsstämpel: 2010-04-07 10:31
Taggar:
announcement,
bank,
economy,
forex,
forex trade,
forex trading,
inflation,
rate,
real estate,
report,
trading
"Fed is likely to keep rates low for a whileYesterday, the Fed released the minutes of its March 16th meeting. These minutes showed that nearly everyone agreed that rates should remain low for an "..."
Blog:
Global Forex BlogTidsstämpel: 2010-04-07 10:25
Taggar:
bank,
dollar,
economy,
employment,
forex,
forex trading,
investment,
market,
rate,
report,
trading
"This week’s meeting of the Bank of Japan Policy Board, which ends Wednesday, is squeezed between a meeting three weeks ago when fixed-asset operations to provide short-term liquidity were double..."
"IBFX Holdings LLC, parent company of leading U.S. off-exchange retail foreign currency (Forex/FX) broker Interbank FX LLC, announced today the plans to open a Sydney based company aimed to accommodate..."
"Australia?s central bank raised its benchmark interest rate to 4.25% and signaled further increases, dismissing warnings that higher borrowing costs are already eroding consumer spending.
Governor Gle..."
"Bank Indonesia released another fairly dovish statement, keeping the BI benchmark rate unchanged at 6.5% following an eighth straight meeting and indicating that these steady low rates can be maintain..."
"The Reserve Bank of Australia became the first central bank to lift interest rates five times since the world recession, engineering a 25-basis point increase for the the fifth time in the last six me..."
"Canadian dollar makes a push for 1.00 in forex tradingEarlier today in currency trading on the forex market, the loonie touched 1.00 against the U.S. dollar, reaching parity for the first time since J..."
Blog:
Global Forex BlogTidsstämpel: 2010-04-06 09:55
Taggar:
bank,
currency,
currency trading,
dollar,
economy,
forex,
forex market,
forex trading,
fx market,
inflation,
loonie,
market,
oil,
report,
trading
"The Reserve Bank of Australia has begun a gradual process of normalizing its key Official Cash Rate, having raised such last October, November, December, and March by 25 basis points each time. ..."
"The United States and Japan are among the few countries with open markets on Monday. Europe, Australia and Canada are shut for Easter Monday, and several Asian markets observe regional holidays..."
"Perfect, the SNB has to get?s full marks. Everyone expected intervention, however their timing was impeccable. The European market basically had ?knocked off? for the holiday weekend, providing an env..."
"Last week we raised the question of what the Swiss National Bank is waiting for and why they haven’t intervened. In that article we said “Everyone has an uncle point and for the SNB there..."
"The Bank of Japan’s Tankan index – a survey of Japanese manufacturers used to gauge business confidence – suggests that the confidence of Japan’s business community is at its h..."
"Looks like the race for mainland Europe is not just in the hands of FXCM or Saxo Bank as other smaller firms are obviously interested in setting up shop there as well. Alpari just announced the openin..."
"The Bank of Japan quarterly survey of businesses, known as the Tankan, depicted significantly better conditions than three months ago. The readings were also higher than predicted in the Decembe..."
"The Monetary Council of the Narodowy Bank decided as expected to keep its seven-day reference rate at 3.5%, where such has been since mid-2009. Officials released a statement that predicted slow..."
"March was a weak month for the yen but a solid one for commodity-sensitive currencies. The travails of Greek bonds were not shared by British gilts or German bunds, which also outperformed North..."
"The Bank of Israel raised its key borrowing rate to 1.5% from 1.25% as expected. In doing so, Israel joined Australia as the only economies with four rate hikes so far, and all four moves..."
"The Mayar Nemzeti Bank implemented its fourth straight 25-bp interest rate cut to 5.5% and reiterated the assertion that further cuts will be possible only if financial market risk perceptions allow s..."
"GAIN Capital Holdings, Inc., a global provider of online trading services, today announced it has been selected as a primary clearing partner for Korea Investment & Securities Co., Ltd, (KIS) one..."
"Romania’s central bank monetary policy interest rate has been cut to 6.5% from 7.0%. This was the third monthly reduction in a row. Romania got a late start easing its stance because..."
"Greece forced the EU?s hand and they folded. Like a Cbank, lender of ?last resort?, they are there. The Greeks get to issue their bond knowing that their backs are covered, somewhat. Now, we will get..."
"Joining the host of large banks who are now becoming more and more interested in the institutional FX market is Paris based BNP Paribas. With more than 200,000 employees BNP is one of world’s la..."
"Bank Rossii implemented another 25-basis point cut of its one- and seven-day repo rates, this time to 7.25%, and its refinancing rate to 8.25%. These were the twelfth cuts since April 2009. ..."
"Is the SNB ready to back off a little in currency manipulation?Since March of 2009, the Swiss National Bank has been fairly straightforward regarding its methods of buying foreign currencies in order..."
"The South African Reserve Bank (SARB) cut its repo rate to 6.5% from 7.0% in a move that was not foreseen by analysts. Since the prior rate hike last August, which also was by 50 basis points, t..."
"Interbank FX is now offering not only its MT4 to partners but now plugs a liquidity bridge into it. Coupled with a few cool features like support of several MT4 bridges on a single MT4 server, Money M..."
"The Central Bank of the Republic of China (Taiwan) kept its 56-year low 1.25% rediscount rate steady and did not raise reserve requirements, either. However, officials announced that the reabsor..."
"Euro forex trading forecastEuropean leaders are in the midst of a summit right now, hammering out policy and making deals. And, while Greece isn't officially on the agenda, it's hard to imagine that i..."
"The key policy rate of the Norges Bank, which was raised 25 basis points each last October and December but not at last month’s meeting, was again kept at 1.75%. Most analysts expected no chang..."
"Chinese executives are joining U.S. President Barack Obama in backing a stronger yuan, even as Premier Wen Jiabao says the currency isn?t undervalued.
Yang Yuanqing, chief executive officer of Beijing..."
"For the eighth trading day in a row, EUR/CHF has failed to rally. The Swiss Franc even ended the day at a fresh record high against the euro as traders test the resolve of the Swiss National Bank. Thi..."
"This morning, Japan Post Bank announced plans to double their deposit limit from 10 million to 20 million yen. Japan Post Bank is the country?s largest postal service operator and also its largest fi..."
"Sterling fell below $1.50 today after the Office for National Statistics (ONS) announced that the country’s rate of growth declined 0.5 percent to 3.0 percent in February. The pullback has ̵..."
"The National Bank of Serbia implemented its first policy interest rate reduction of 2010. The two-week repo rate cut to 9.0% from 9.5% had not been anticipated. The rate had crested at 17..."
"Describing Greece’s economy as being in a “vicious circle”, the Bank of Greece predicted that the country’s economy will contract at a greater rate, and to a larger degree, tha..."
"Saxo Bank, one of world’s largest FX brokers, and certainly the largest European one has announced today that it launched a whole new Equity Platform. If you’ve been following this blog fo..."
"Raghee Horner of Interbank FX, talks about swing trading in her latest post.
?A swing trade is a setup that requires a trending market and a correction (or ?swing?) of the trend. The swing itself ther..."
"Mexico’s key central bank interest rates has been at 4.5% for the past eight months after cuts last year from a peak of 8.75% of 50 basis points in January, 25 bps in February, 75 bps each in Ma..."
"The Reserve Bank of India’s first rate increase since July 2008 was motivated by accelerating price increases for non-food manufactured goods, rising costs for fuel and other commodities, higher..."
"Canada’s core inflation rate rose 2.1 percent in February compared to 2 percent the previous month. The rate of increase beat earlier predictions of 1.7 percent and is the fastest advancement s..."
"Turkey experienced one of the world’s sharpest drop in central bank interest rates. For 13 consecutive meetings starting with a 50-basis point reduction in November 2008 and ending with a..."
"As expected, no changes were announced in the Central Bank of Sri Lanka’s 7.5% repo rate or its 9.75% reverse repo rate. Those key interest rates were reduced by 300 basis points and 225 b..."
"channelnewsasia.com - Boris Schlossberg Dollar recovers as markets look past Fed decision NEW YORK - The dollar traded mostly higher Wednesday, regaining its footing a day after a Federal Reserve deci..."
Blog:
Global Forex BlogTidsstämpel: 2010-03-18 08:24
Taggar:
bank,
bull,
currency,
dollar,
dollar trade,
economy,
forex,
forex trading,
market,
rate,
trading
"A narrowly split 5-3 vote by the Central Bank of Brazil’s policymaking committee, COPOM, decided to keep the key Selic rate at a record low 8.75%. Analysts had also been divided over wheth..."
"The Bank of Japan hopes to encourage lending at financial institutions by doubling to 20 trillion yen (US$220bn), the amount of cheap, short-term loans it offers lending institutions. The Bank will le..."
"After meeting for five hours and 57 minutes over two days, the Bank of Japan Policy Board took two votes that resulted in
A unanimous 7-0 decision to leave the uncollateralized overnight rate at 0.1%..."
"Monetary policymakers at the Federal Reserve have a dual mandate to promote stable, low inflation and to maximize employment. As a result, the Fed pays more attention than most central banks to..."
"There are a few reasons why forex traders should be nervous today, but we believe that the rally in the U.S. dollar is a reflection of the market?s hope that the Fed will come through tomorrow by grow..."
"Japan’s Democratic Party government wants the Bank of Japan to take more forceful action to resist deflation. Core and headline consumer prices each fell 1.3% in the year to January..."
"Sterling in forex tradingCurrency trading on the FX market should consider that the sterling is dropping as traders consider the latest warning from Moody's. The credit rating agency issued warnings t..."
Blog:
Global Forex BlogTidsstämpel: 2010-03-15 09:35
Taggar:
bank,
currency,
currency trading,
dollar,
economy,
finance,
forex,
forex trading,
fx market,
market,
report,
trading
"Following up on my last post, I want to use this post to write about the long side of the carry trade- specifically the Australian Dollar. The Bank of International Settlements (BIS) observed in a rec..."
"U.S. Retail Sales increased more than expected in February. According to the Commerce Department, consumers pushed sales higher by 0.3 percent, while sales excluding automobiles, rose 0.8 percent.
?Th..."
"Peru’s central bank reference interest rate was left by officials at 1.25% after this week’s policy meeting. It has been at that level since a 75-basis point reduction last August.&#..."
"The dollar has lost 0.8% against the Swiss franc, 0.7% relative to the euro, 0.6% against the pound, 0.4% versus the Australian and New Zealand dollars, 0.2% against the Canadian dollar and even 0.1%..."
"Central banks will be in the main spotlight next week as policy meetings are scheduled in the United States, Japan, Turkey, Mexico, Chile, and Brazil. The BOJ will probably ease quantitatively..."
"South Korea’s Monetary Policy Committee kept its key interest rate at 2.0% as expected. Cuts totaling 100 basis points in August 2008, 175 bps in December 2008 and 50 bps in February 2009..."
"The Swiss National Bank retained a 0.25% target on three-month Libor within a 0.0-0.75% corridor. Last September, officials served notice that the present expansionary stance cannot be maintaine..."
"The Swiss franc lost ground to most of the major currencies today, after the Swiss National Bank announced that it would maintain current interest rate levels. The Bank noted that it was seeing more &..."
"The Royal Bank of Canada – the country’s largest financial institution – released a report today predicting that Canada’s economy will grow by 3/1 percent this year, followed b..."
"Britain officially emerged from its two-year recession in the final quarter of 2009, but a recent communiqué from the country?s main financial regulator, suggests that a return to recession is not out..."
"Interbank FX are extending their limited access webinar series with industry professional Raghee Horner. All of their live account holders will have access to their new lower pricing, 100% automated o..."
"The Bank of Thailand left its benchmark interest rate at 1.25%, the level since a 25-basis point cut last April 8. Prior cuts of 100 bps, 75 bps, and 50 bps had been implemented in December 2008..."
"China recorded a remarkable 46 percent increase in exports in February compared to the same month one year ago. The actual result was considerably higher than the earlier predictions of 35 to 40 perce..."
"Looking for Fed rate hike could be comingWill a better than expected nonfarm payrolls at the end of last week, and with the recent hike in the Fed discount rate, it looks as though things could be pic..."
Blog:
Global Forex BlogTidsstämpel: 2010-03-10 11:52
Taggar:
bank,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
fx market,
investment,
market,
rate,
trading
"Currency trading with the Swiss francThe Swiss National Bank appears to be intervening -- albeit it on a very small level -- in forex trading again. The SNB has been intervening on occasion since last..."
"The Swiss National Bank holds fewer interest rate policy meetings than most central banks, just one per quarter when it also issues a fresh assessment with a projected inflation path going out 11 quar..."
"He will be appointed as Chief Executive Officer of CLS Group and President and CEO of CLS Bank International, effective 30 June 2010 on the retirement of Rob Close after nine years with CLS. This exec..."
"My favorite forex trade right now is shorting AUD/NZD.
After hitting a 9 year high of 1.3124 last week, the rally in AUD/NZD is losing steam. I should have posted about this earlier, but I think th..."
"Let?s face it there are too many distorting signals in the market right now. We have Juncker stating that ?Greece will not be left alone?. However, Papandreou still has to convince both Merkel and Sar..."
"Bank Negara Malyasia today raised its overnight policy rate for the first time since April 6, 2006. From a 2.5-year peak of 3.5%, such had been cut by 20 basis points in November 2008, 75 bps in..."
"To nobody’s surprise, the Monetary Policy Committee announced a decision to leave its bank rate at 0.5%, where such has been for the past year, and not to increase its asset purchase program bey..."
"Euro gets boost, but then falls back in forex tradingThe European Central Bank has kept its benchmark rate steady at 1%. This is unsurprising, given the fact that the ECB cannot afford to raise intere..."
Blog:
Global Forex BlogTidsstämpel: 2010-03-04 08:56
Taggar:
bank,
currency,
currency trading,
finance,
financial,
forex,
forex trading,
fx market,
market,
rate,
trading
"At 12:00 GMT on Thursday, the Monetary Policy Committee is likely to announce a decision to leave the key Bank Rate at 0.5%, its level for the past twelve months and to retain a Gbp 200 billion cap on..."
"Interbank FX, is a major US broker, and it is lately growing very nicely outside of the US as well. What I find in particularly appealing in this broker is its emphasis on transparency and social elem..."
"Euro in forex tradingThe euro is firming in forex trading against the U.S. dollar this morning as Greece announces an austerity plan. The announcement of a plan comes despite concerns by the Greek pop..."
Blog:
Global Forex BlogTidsstämpel: 2010-03-03 08:39
Taggar:
announcement,
bank,
currencies,
currency,
currency trading,
dollar,
finance,
forex,
forex trading,
investment,
market,
report,
trading
"Citing strong “domestic demand growth” – tempered by a robust Canadian dollar and weak demand for exports in the United States continuing to act as “significant drags” on..."
"A new statement from Bank of Canada policymakers is more noteworthy for three dovish points from earlier statements that were deleted. They are
Any mention of term Purchase and Resale Agreement..."
"The Canadian dollar rose for the third straight day, gaining 0.6 percent to $1.0353 against the US dollar by 7:20 AM in Toronto. It is expected that even though the economy is recovering faster than p..."
"Lessening risk aversion is reflected in firmer yen and higher stocks. The dollar firmed 0.2% against the euro, Swiss franc and sterling even though aid for Greece from Germany and France appears..."
"Olli Rehn – Financial Affairs Chief for the European Union – said today that Greece is required to make additional budget cuts. The news came as rumors continued to grow that the EU was wo..."
"A failure of the Reserve Bank of Australia to signal a 25-basis point cash rate increase to 4.0% at 01:30 GMT tomorrow (20:30 EST Monday) would constitute a breakdown in communication with the market..."
"In April 2009 when the Bank of Canada halved its overnight target rate to 0.25%, officials made a conditional promise not to raise that rate above 0.25% before the July 2010 meeting. The one sti..."
"Japanese Finance Minister Naoto Kan on Monday exerted new pressure on Japan’s central bank to act more quickly to defeat deflation, saying he wants the falling price trend to end this year.
R..."
"With mixed to slightly better than expected U.K. economic data, traders may be scratching their heads about why the British pound has collapsed more than 300 pips this morning. Here are a couple of re..."
Blog:
Global Forex BlogTidsstämpel: 2010-03-01 11:27
Taggar:
bank,
bear,
currency,
currency pair,
forex,
forex trade,
pound,
profit,
rate,
report,
trading
"Next week, the first in March, features the release of the monthly U.S. labor force survey, revised Euroland GDP, a quarterly corporate survey from Japan’s Finance Ministry, numerous purchasing..."
"Here’s another timely story from the Wall Street Journal. Forex markets are in a doozy today with speculation of another possible ratings downgrade for Greece. A bunch of Greek banks were alre..."
"Recently InterbankFX have decided to launch their new educational live Q&A, where traders can ask whatever they like.
At the head of this new venture is the world-reknowned Raghee Horner, who has..."
"THE Reserve Bank will almost certainly lift the official interest rate by 25 points next Tuesday.
Both the governor Glenn Stevens and his deputy Ric Battellino have ‘told us so.’
Not, obv..."
"Currency trading on the FX marketThe carry trade is unwinding quite quickly today, with risk aversion sending investors hurrying toward safe havens. A great deal of concerning news is weighing on the..."
"Sterling continues to tank against the dollar in forex tradingThe British economy may require more quantitative easing, according to some policymakers. While it is far from a foregone conclusion, the..."
"Formerly know as the semi-annual Humphrey-Hawkins hearings, the message today from Fed Chairman Bernanke to the House Banking Committee was little different from what he conveyed last time around on J..."
"Narodowy Bank, Poland’s central bank, left its seven-day reference rate at 3.5% as expected. The key rate has been at that level since a 25-basis point cut last June, which culminated 250..."
"French household spending dropped 2.7pc in January, led by a 19pc collapse in car sales following the end of France’s scrappage scheme. Germany’s IFO business confidence index dropped for..."
"Federal Reserve Chairman Ben S. Bernanke, in two days of congressional testimony beginning today, will probably face questions on how he plans to end the worst jobs slump since the Great Depression.
U..."
"?Fear? loves the dollar. Conspiracy theories are rampant in Europe. It?s like watching a soap opera, a bad one, where you know what the next line is going to be. One plot has Greece blackmailing neigh..."
"My favorite long term forex trade is short GBP/AUD. From both a technical and fundamental basis, the currency should be headed lower.
Based upon the recent trend of economic data including the highe..."
"The problems facing Greece are largely the result of corruption, inefficiency and macroeconomic imbalances built up over decades, but the changes needed to reverse the situation “must be imminen..."
"Mervyn King, the governor of the Bank of England, warned today that the weakness of the eurozone is jeopardising the UK’s recovery, and the emergency £200bn quantitative easing programme might h..."
"Bank of England Governor Mervyn King said officials are prepared to do ?whatever seems appropriate? to prevent a relapse in the U.K.?s economic recovery.
?Our central view is still that the most likel..."
"The British Pound tumbled today losing a full cent to the US dollar as Mervyn King, Governor of the Bank of England England, suggested that the economic recovery has not been as robust as anticipated..."
"Harvard Professor Rogoff, former chief IMF economist, is predicting likely sovereign debt defaults in coming years, plus spending cuts and weak growth in the United States.
Testimony by four Bank of E..."
"A decision to leave the Bank of Israel’s key policy rate at 1.25% matched the market consensus. A statement from officials mentioned lower-than-expected CPI inflation in both December and..."
"Magyar Nemzeti Bank reduced its two-week bill rate by 25 basis points to a 20-year low of 5.75%, the same incremental cut as in December and January. The previous four months had seen the rate d..."
"Greek central bank Governor George Provopoulos said he?s confident the government will meet its ?very ambitious? deficit-reduction goals and ward off any further credit-rating downgrades.
Rating agenc..."
"Currency trading with the greenbackThe U.S. dollar got quite the boost in overnight forex trading after the Federal Reserve announced that it is hiking the discount rate by 25 basis points. By now, th..."
Blog:
Global Forex BlogTidsstämpel: 2010-02-19 12:00
Taggar:
bank,
currency,
currency trading,
dollar,
forex,
forex trading,
inflation,
point,
pound,
rate,
spread,
trading
"The Bank of Mexico’s key interbank interest rate has been 4.5% since last July 17th and will remain there at least another month in spite of a jump in CPI inflation last month to 4.5% and relate..."
"Higher gasoline prices helped push Canada’s inflation to 1.9 percent in January with all regions of the country experiencing an increase. The Bank of Canada Core Index rose 0.3 percent from Dece..."
"The Bank of Japan introduced no new measures to counter deflation after meeting over two days for a total of slightly more than five hours. February has often been a month when Japan’s cen..."
"ederal Reserve officials set a long-term goal to keep only U.S. government securities in their portfolio as they debated how and when to pull back on the most aggressive monetary policy in U.S. histor..."
"German Chancellor Angela Merkel said it would be a ?scandal? if banks helped Greece massage its budget, as European officials investigate Goldman Sachs Group Inc.?s role in Greek efforts to conceal th..."
"Bank of Japan Governor Masaaki Shirakawa said on Thursday that the central bank’s current framework for price stability was the most appropriate.
He added that trying to guide short-term price..."
"The Federal reserve has raised the discount window from 0.50% to 0.75% effective February 19th. The timing of this release is unusual, and the reasons given point to the Central Bank pushing the Banks..."
"Bank of England policy makers unanimously agreed to pause their 200 billion-pound ($313 billion) bond-purchase plan this month on optimism that inflation will return to their 2 percent target.
“..."
"After falling sharply Tuesday, the dollar recovered 0.5% against the yen, 0.4% relative to the euro and Swissy, 0.3% against sterling, 0.2% against the kiwi and 0.1% against the Australian dollar...."
"The Central Bank of Sri Lanka retained its repo and reverse repo rates of 7.5% and 9.75% for a third consecutive month. Upwardly creeping CPI inflation is attributed to higher commodity prices a..."
"Confirming its pledge to deal with the country’s chronic deflation, Japan’s finance minister announced a policy target of 1% growth for 2010. Bank of Japan governor Masaaki Shirakawa confi..."
"Mervyn King, the Governor of the Bank of England, has been forced to write his sixth letter to the Chancellor after new data revealed that inflation rose further above target to 3.5 per cent in Januar..."
"Reserve Bank of Australia likely to raise rates soonThe risk trade is seeing a little bit of success today in currency trading, but risk appetite is not exactly the only thing going for the Aussie rig..."
Blog:
Global Forex BlogTidsstämpel: 2010-02-16 09:01
Taggar:
aussie,
bank,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
inflation,
market,
point,
rate,
report,
risk capital,
trading
"The Central Bank of the Republic of Turkey left its key borrowing and lending rates at 6.5% and 9.0%, respectively. Those levels were reached after a 25-bp rate cut last November. Previous..."
"Currency trading on the FX marketEven though U.S. markets are closed for the day, there are still things happening in forex trading. Indeed, the FX market is a global market, so there is plenty going..."
Blog:
Global Forex BlogTidsstämpel: 2010-02-15 11:15
Taggar:
aussie,
bank,
currencies,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
fx market,
kiwi,
loonie,
market,
report,
trading
"One of the issues I constantly stumble upon is traders (and even educators…) trying to figure out how margin is calculated. We had a guest post by Currensee’s John Forman who amongst othe..."
"The People’s Bank of China has increased bank reserves minimums by 0.5 percent or 50 basis points. The current reserve requirement is 16 percent of assets for large banks, and 14 percent for sma..."
"Gold fell 1.5 per cent to below $1,080 (U.S.) an ounce on Friday as the U.S. dollar hit a seven-month high versus a basket of currencies after China unveiled a surprise hike in commercial banks’..."
"France has promised the German government that it will support Bundesbank President Axel Weber in the race to succeed Jean-Claude Trichet at the helm of the European Central Bank, German weekly Der Sp..."
"China ordered banks to set aside more deposits as reserves for the second time in a month to cool the fastest-growing major economy after loan growth accelerated and property prices surged.
The reserv..."
"Let?s put some things into perspective. According to the BIS, banks in Germany and France have a combined exposure of $119b to Greece and $909b to the other four members that make up the acronym PIIGS..."
"The Bank of Korea again pledged to maintain its accommodative monetary policy stance “for the time being.” An acceleration of CPI inflation to 3.1% in January from 2.4% in November i..."
"Australian employment surged past all forecasts for a fifth straight month in January while the jobless rate surprised by diving to an 11-month low, reigniting talk that interest rates would have to g..."
"Several key euro zone officials have reached a deal to help Greece in its debt crisis, European Union President Herman Van Rompuy said on Thursday.
The agreement was forged in talks between Van Rompuy..."
"Not sure if I’m dreaming or not but it would appear that the Chinese regulator has approved the first ever bank in China to launch an online foreign exchange sale and purchase business. The Bank..."
"Currency trading with the AussieThe Australian dollar is getting a boost in forex trading as the risk trade is on -- for some currencies. In currency trading, the Aussie is getting a little help from..."
Blog:
Global Forex BlogTidsstämpel: 2010-02-11 09:43
Taggar:
aussie,
bank,
currencies,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
market,
trading
"Forex trading with the greenbackYesterday, Ben Bernanke provided a boost for the U.S. dollar in currency trading on the FX market by indicating that monetary policy could tighten rather sooner than ex..."
Blog:
Global Forex BlogTidsstämpel: 2010-02-11 09:36
Taggar:
aussie,
bank,
currency,
currency trading,
dollar,
forex,
forex trading,
fx market,
loonie,
market,
pound,
rate,
trading
"Officials at the Central Bank of Chile made no change in their credit policy stance even thought a 0.5% monthly rise of consumer prices in January exceeded expectations. The benchmark interest r..."
"On a day when the Fed released a testimonial statement of what Chairman Bernanke had planned to announce about how the policy stance will be reined in, the Bank of England’s published quarterly..."
"Britain’s recovery from the recession will be slower than expected, the Bank of England warned today.
Governor Mervyn King downgraded the forecast given three months ago and said the economy ..."
"Billionaire investor George Soros, who made $1 billion in 1992 correctly betting against the British pound, said he expects Greece will be able to remain in the euro region.
?I?m actually confident G..."
"U.S. dollar gains against sterling and euro in forex tradingThe debt issues plaguing both Greece and Dubai continue to affect currency trading on the FX market. Even though equities in Europe and Asia..."
"The euro gained on both the dollar and the pound today as traders set aside their worries over the debt levels facing several Euro Zone countries. European leaders – including
European Central B..."
"Interbank FX will be attending The New York Traders Expo from February 14-17 at the Marriott Marquis Hotel in New York, NY. With a new booth design, come here about 2o10 product updates, such as the n..."
"The official story from the European Central Bank is that Mr. Trichet was worried about missing a connection.
European Central Bank President Jean-Claude Trichet is changing his plans to leave Austral..."
"The Bank of Canada today reiterated its earlier pledge to maintain the benchmark interest rate at 0.25 percent until the end of June providing a rise in inflation does not occur in the meantime.
̶..."
"The second week of February got off to a fairly quiet start. The weekend meeting in Canada of G-7 finance ministers and central bankers did not release a formal statement. Europeans attend..."
"The euro and growth-linked currencies were on slippery ground on Monday as risk appetite was subdued on the back of mounting fiscal worries in the eurozone and lingering concerns about a global tax on..."
"Draft European Union legislation designed to regulate the hedge fund industry would trigger ?systemic failure and widespread market disruption? if it became law.
Those are the findings of the Financia..."
"The Canadian hosts of the weekend meeting of G-7 central bankers and finance ministers relayed a mixed message of global economic progress, much unfinished work, reduced G-7 responsibility, but a cont..."
"The G-7 meeting of finance ministers and central bankers that starts today in northern Canada may break with the tradition of releasing a formal statement of common agreement and intention. Cent..."
"There are two main threats currently facing the Chinese economy, and to the chagrin of the country?s policymakers, the yuan is caught squarely in the middle.
China?s central bankers have long been ac..."
"Iqaluit – a small town in Canada’s northern territory of Nunavut – will play host to G7 finance ministers and central bank officials for the next two days. Much of the discussion is..."
"European Central Bank President Jean-Claude Trichet has been forced into the awkward position of trying to convince investors that despite the debt concerns of several Euro Zone member nations, the eu..."
"The euro fell to a seven-month low against the US dollar today as investors continue to fret over the fate of several highly-indebted countries within the Euro zone. These countries – lumped tog..."
"The Czech National Bank as expected and by a unanimous 6-0 vote made no changes in monetary policy today. A statement from monetary officials projects headline and policy-relevant consumer price..."
"Bank Indonesia’s key interest rate, which has been at 6.5% since a 25-basis point cut in August, was again left unchanged as expected. A statement on the BI website projects a steadily imp..."
"The European Central Bank on Thursday said its Governing Council left the key lending rate unchanged at a historic low of 1%. The decision was expected. Attention turns to ECB President Jean-Claude Tr..."
"The Bank of England
Kept the British Bank rate at 0.5%, its level for the past eleven months.
Agreed to maintain the stock of asset purchases funded by central bank reserve creation unchanged at Gbp..."
"Bank of England policymakers on Thursday paused the central bank’s 200 billion pound ($319 billion) asset purchase program. A majority of economists had expected the Monetary Policy Committee to..."
"The European Central Bank is expected to keep interest rates at a record low of 1.0 percent at its meeting on Thursday, and hold off until March before looking at an unwinding strategy for crisis supp..."
"The dollar, yen and JGB yields are up. Stocks and commodities are lower. Markets await several central bank policy decisions and fret about long-term fiscal problems in Greece and other co..."
"As many of you aware, InterbankFX over the past few years have released certain trading tools/softwares available exclusively to their clients. One of these softwares is a tool called the Pattern Reco..."
"The finance ministers and central bank chiefs of the Group of Seven (U.S., Japan, Germany, Britain, France, Italy and Canada) hold their first scheduled meeting in five months on February 5-6 amid con..."
"The conventional wisdom among central bank watchers coming into this week was that policy rates would be lifted by 25 basis points in Australia to 4.0% and Norway to 2.0%. Neither central bank c..."
"The retention of a 0.5% British Bank Rate was never in doubt. Bank of England officials no doubt hoped for a stronger case than now exists against extending their Gbp 200 billion asset purchase..."
"The National Bank of Romania sliced its benchmark monetary policy interest rate by another 50 basis points to 7.0%. This was the second reduction of 2010 following one on January 5. During..."
"Everything is well contained in Europe I see, not. For consumers, it?s the interest that will always kill you. Interestingly, Spanish developers had a combined debt of EUR324b in the third-quarter of..."
"Everything is well contained in Europe I see, not. For consumers, it?s the interest that will always kill you. Interestingly, Spanish developers had a combined debt of EUR324b in the third-quarter of..."
"Interbank FX is now offering a series of webinars for foreign exchange traders. Professional off exchange retail foreign currency (Forex) trader Raghee Horner will hold a series of webinars each week..."
"Australia’s central bank has surprised the markets by keeping interest rates on hold at 3.75%.
Most analysts had been expecting rates to rise to 4%, and news of the rate freeze sent the value of..."
"The Aussie dollar relapsed 1.1% against its U.S. counterpart after a surprise decision by the Reserve Bank of Australia not to implement a fourth rate hike now.
The greenback otherwise slid 0.3% relat..."
"What used to be the biggest promise in the Forex software platform development field is for years now considered a sinking ship. A few days ago the worst fears were confirmed when it was announced tha..."
"Aussie plummets in forex tradingThe Aussie is plummeting in forex trading on the currency market today, thanks to the decision made by the Reserve Bank of Australia today. Many analysts and forex trad..."
Blog:
Global Forex BlogTidsstämpel: 2010-02-02 08:56
Taggar:
aussie,
bank,
currency,
currency trading,
dollar,
economy,
forex,
forex trade,
forex trading,
inflation,
market,
point,
rate,
trading
"The Reserve Bank of Australia cash rate was somewhat unexpectedly left at 3.75%, but the statement from officials noted that “if economic conditions evolve broadly as expected, the Board conside..."
"I expect a 25-basis point rate hike by the Reserve Bank of Australia to be announced at 03:30 GMT Tuesday (22:30 EST in the U.S. tonight). It’s been nine weeks since the last RBA BoardR..."
"Despite the initial fireworks touched off by a series of proposals to tighten global banking regulations, the 2010 version of the Davos World Economic Forum ended on a muted note. Even the latest grow..."
"By default, the dollar?s rise is not fundamental in nature. The currency?s strength is been driven by the relative ?weakness? of the EUR. Investors are losing faith in the European plan and with risk..."
"There was a sharp move intraday in EUR/CHF that smells like intervention…but was it? SNB member Hildebrand and the Bank of International Settlement has declined to comment on the move in the Sw..."
"The Central bank of Colombia, as analysts projected, left its intervention interest rate at 3.5% for a second straight meeting. Previously, the rate had been cut by 50 basis points each in June..."
"Japan’s finance minister urged the Bank of Japan on Friday to align policy with the deeply indebted government’s efforts to fight deflation, maintaining pressure for possible monetary easi..."
"G-7 finance ministers and central bank chiefs begin a two-day meeting next Friday in Iqaluit, Canada, a town situated at roughly 60 degrees latitude in the Northwest Territories where the sun sets sho..."
"Forex trading volume has finally recovered after the wave of deleveraging caused the market to contract back in April 2009. Earlier this week central banks from around the world released their semi-a..."
"Pull up a 1-year chart of the Euro against the Swiss Franc, and you’ll quickly notice a salient trend: the exchange rate has hovered slightly above ?1.50 since last March, with three notable dev..."
"If you are considering, long term investment, like one or two months than Polish currency might be interesting for you. For the last year it got stronger and stronger. Just checkout the charts below..."
"Do you remember when lately SocGen anounced that junior trader frauded over $70 bilion? That is a lot of cash and this case has to be explained to public opinion and it seems that bank managers and tr..."
"Another interesting article about forex reserves."Foreign exchange reserves rose by $3.16 billion in the week ending January 18, 2008 taking the total reserves to a record $284.98 billion. Money marke..."
"Interesting article at Vanguard, author explains how Forex market should operate. Article is based on proposal for a liberalized foreign exchange market in Nigeria and its economic benefits.Two most i..."