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 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..."