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...."
"The Institute of Supply management reported a 2.8-point decline last month in the non-manufacturing U.S. purchasing managers index. At 51.5, such was two points plus weaker than forecast, the lo..."
"The US Labor Report brought more discouraging employment news today as for the third month in a row, jobs continued to evaporate. In August, 54,000 jobs were lost, lifting overall unemployment to 9.6..."
"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. ..."
"It?s like attending a bingo session. All eyes will be down waiting for the highly anticipated employment print this morning. Will this week?s ADP report translate into a much weaker jobs number? Will..."
"New claims for jobless benefits for the week ending August 28th fell by 6,000 to 472,000 compared to the previous week. Employment remains a concern as companies hold off on hiring on fears that the e..."
"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 Governing Council made no change in the configuration of its short-term interest rates. They are a 1.0% refinancing rate flanked symmetrically by a 0.25% deposit rate and a 1.75% marginal le..."
"Better industrial data out of China and the surprising ISM print in the US has every, already confused trader, becoming ?more lost? in whatever convictions they have left. At least we have the NFP cra..."
"Dollar weakness on the currency marketThe euro is maintaining its gains in forex trading on the currency market today. The ECB announced that it is keeping interest rates steady for now, and forex tra..."
"The interest rate policy board, Copom, at the Banco Central do Brasil paused the tightening of its key interest rate as analysts anticipated. Hikes implemented of 75 bps on April 28, another 75..."
"The dollar declined versus the euro today after ADP unemployment rate and total construction spending posted readings that were noticeably worse than expected. Manufacturing also showed..."
"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..."
"Month end flow beats logic, even option expiries and market fix?s beat logic. Yesterday?s stronger US data wilted in its glory as individuals eager to accumulate EUR?s waited in the wings. Stronger ma..."
"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..."
"Canadian real GDP advanced 2.0% at a seasonally adjusted annualized rate (saar) in the second quarter and by 3.4% between 2Q09 and 2Q10. These results, announced earlier today, resemble U.S. tre..."
"For the fifth straight month, unemployment in the eurozone remains mired at a record high 10 percent. Nearly 16 million people in the region are out of work but the pain is not spread evenly amongst t..."
"August had a different mood from July. Long-term interest rates tumbled, and the dollar rose except against traditional carry trade funding currencies like the Japanese yen and Swiss franc. ..."
"I am finally back from Singapore and in the office watching rates, quotes and charts today - would be perfect if not for this horrible cold that I caught on the way back. It was such a great pleasure..."
"An unscheduled three-hour policy meeting was most noteworthy for actions not taken. A statement released by the Policy Board noted recently unstable currency and equity markets but said nothing..."
"The FOMC is prepared to provide additional monetary accommodation through unconventional measures if it proves necessary, especially if the outlook were to deteriorate significantly. ?Significantly? i..."
"The revised Gross Domestic Product surpassed predictions according to results released by the US Commerce Department this morning. The new figures indicate a 2.4 percent increase for the second quarte..."
"An 8.5 percent increase in construction helped grow the UK economy by a more-than-expected 1.2 percent in the second quarter of the year. The result surpassed the predicted 1.1 percent figure and was..."
"Does he seize the moment? His fifteen minutes of infamy? Nope, it will be nothing that exciting, but he is sure to have an impact. The Jackson Hole symposium gives Bernanke the opportunity to clarify..."
"It sounds like a play on words, based on the Karate Kid refrain, Wax-On Wax Off, and for all I know it was. Still, I rather like this characterization – coined by a research team at HSBC –..."
"The Japanese yen and Swiss franc continue to lead the way as the preferred choice of funding currency when employing a carry trade strategy, but an increasing number of investors are now shorting the..."
"The overnight borrowing rate of Bangko Sentral ng Pilipinas will remain at 4.0% as analysts expected. A fairly sanguine statement released today by officials called monetary policy settings, whi..."
"Kathy Lien, director of currency research at GFT, shares her strategy for trading in the FX markets with CNBC's Martin Soong."
"Sales of new homes in the US fell by 12.4 percent to an annualized rate of 276,000 units. This is the lowest rate since data was first collected in 1963 according to the Commerce Department and is see..."
"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..."
"Winners will be awarded cash prizes delivered directly to them, without having to open an account with any broker. August 23rd, Tel Aviv – Forex Crunch and Forex Rate It announced today the laun..."
"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..."
"A full percentage point reduction of the Icelandic benchmark interest rate to 7.0% last week was twice as much as analysts were anticipating and justified as follows: Lower inflation, lower inflation..."
"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..."
"Stock futures and a drop in oil prices in European trading suggest another losing day on the US stock exchanges as investors turned to bonds for safety. The Stoxx Europe 600 Index declined 1.8 percent..."
"Price action on USD/JPY (a 4-hour chart of which is shown) as of Monday (8/23/2010) has once again respected the strong accelerated downtrend represented by the key downtrend resistance line extendi..."
"The Canadian dollar started the week on a positive note as a jump in equities and strengthening oil prices helped boost the loonie. Growing interest in a take-over of Canadian giant Potash Corp also w..."
"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..."
"Aussie not really affected in currency tradingThere is some concern that the Australian dollar may be affected in forex trading by the expectation of a hung parliament. A clear majority does not appea..."
Blog:
Global Forex BlogTidsstämpel: 2010-08-23 12:46
Taggar:
aussie,
currency,
currency trading,
dollar,
financial,
forex,
forex trading,
fx market,
market,
rate,
report,
trading
"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..."
"The rate of growth in the Canadian economy slowed in July, falling to 0.4 percent from 0.7 percent the previous month. Most sectors continued to show increases, although Retail Sales fell by 0.6 perce..."
"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..."
"Price action on USD/JPY (a 4-hour chart of which is shown) as of Thursday (8/19/2010) morning has once again reached down to the key 85.00 region lows after dropping today from near 86.00. This occurs..."
"OK, maybe AAAFx isn’t “triple-A” in a sense of a corporate debt credit rating or some consumer report organization but it has “triple-A” in ..."
"The number of people seeking unemployment benefits jumped by 12,000 last week to 500,000 matching levels not seen since last November. This latest result adds further evidence pointing to a weakening..."
"Boston Technologies the providers of first ever MT4 bridge (something that has become quite a commodity lately with more than 2 dozen bridges now being offered by various providers) are now offering t..."
"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
"Japan provides a good example of what happens to long-term interest rates when very low inflation or outright deflation occur. The ten-year JGB yield has averaged 1.45% since the end of 1997. Su..."
"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..."
"China cut its holdings of Treasury notes and bonds by the most ever, raising speculation a plunge in U.S. yields that sent two-year rates to a record low has made government securities unattractive.
T..."
"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..."
"Traders are getting that stale taste in their mouth again. Investor aversion to risk and low liquidity has increased demand especially for the CHF this morning. With weaker global bourses and general..."
"Leading online financial trading company Ava FX has established an office in Paris as part of its strategy to provide best of class service and support to its growing French customer base. French trad..."
"Australian opposition leader Tony Abbott?s coalition has an election-winning lead over Prime Minister Julia Gillard?s Labor Party before voters go to the polls Aug. 21, according to an opinion poll pu..."
"I shouldn’t have been so complacent in declaring the paradigm shift in forex markets, whereby risk aversion had given way to comparative growth and interest rate differentials. While such a shif..."
"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..."
"Australia’s unemployment rate unexpectedly rose to 5.3 per cent in July as more people sought work.
Investors initially sold off the dollar as the surprise weakness all but ruled out another ris..."
"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..."
"Australian dollar forex trading forecastThe Aussie is lower in currency trading on the FX market today, thanks in part to a knee jerk reaction to mixed labor market data from Down Under. However, ther..."
Blog:
Global Forex BlogTidsstämpel: 2010-08-12 09:25
Taggar:
aussie,
currencies,
currency,
currency trading,
dollar,
economy,
forex,
forex trade,
forex trading,
fx market,
market,
rate,
trading
"The BoK is unlikely to hike rates later today, believes Kathy Lien, director of currency research at GFT. She makes her case to Graeme Maxton, chief economist at The Insight Bureau & CNBC's Martin Soo..."
"Moderate growth and sightly sub-target inflation give Norway’s monetary authorities leeway to normalize interest rates at a gradual pace. That’s the essential message of a statement..."
"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..."
"As sure as day follows night, the Hong Kong Monetary Authority matched the Fed’s Tuesday decision not to change its key interest rate. The Base Rate has been at 0.5% since late 2008, yield..."
"EUR/USD dropped today as low as 1.3074, but surged after FOMC announced that interest rates remain at their record low levels. EUR/USD trades currently at 1.3211.
Nonfarm productiv..."
"Trading the Fed meeting is always difficult because in addition to a decision on rates, the tone of the FOMC statement also affects how the dollar trades. Rather than immediately jumping into the mar..."
"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..."
"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..."
"Consumer sentiment weakened in July as people become a little more negative about their current finances and the future of the labour market.
The KBC Ireland/ESRI index weakened to 66.2 last month, fa..."
"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..."
"FX trading platform provider adds 4 new customers in Q2 of 2010 TraderTools Inc. (TraderTools), which provides the only complete, integrated FX trading platform available on the market, announced toda..."
"Greenback in forex tradingEarlier, the U.S. dollar dropped in currency trading on the FX market, but the forex trading forecast is looking a little better right now. Indeed, there are some predictions..."
"Hello!
I’ve got great news for all you Forex Megadroid users. The megadroid developers have released a new version – v1.30 to be specific.
The improvements are:
1) a smal..."
"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..."
"The U.S. unemployment rate has been 9.4% or greater for fifteen consecutive months, one-month short of the 16-month streak in which such occurred in 1982-3. The broader unemployment/underemploym..."
"Pacific Investment Management Co.?s Bill Gross said the Federal Reserve is unlikely to raise interest rates for two to three years.
Gross, Pimco?s founder and co-chief investment officer, made the com..."
"Canada unexpectedly lost jobs in July and the country?s unemployment rate increased because of a drop in full-time jobs at schools and in the finance industry.
Employment fell by 9,300 jobs in July, t..."
"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..."
"After spending most of yesterday squaring their positions, plugging all potential loss trading scenarios, the entire market waits for this morning?s unemployment data. It will not be the headline prin..."
"U.K. pound in currency tradingThe sterling continues to struggle in forex trading on the currency market as economic news does not live up to expectations. U.K. industrial production numbers declined..."
Blog:
Global Forex BlogTidsstämpel: 2010-08-06 09:02
Taggar:
currencies,
currency,
currency trading,
dollar,
employment,
forex,
forex trading,
fx market,
industrial production,
market,
pound,
rate,
report,
trading
"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..."
"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 ECB Governing Council retained its interest rate structure: a 1.0% refinancing rate flanked by a 0.25% deposit rate and a 1.75% marginal lending rate. This rate structure has been in place f..."
"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..."
"Investors reaped bigger gains since the start of June by funding investments in higher-yielding currencies with dollar-denominated loans than similar strategies using Japanese yen- or Swiss franc-base..."
"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..."
"The market seems to be obsessed with the idea that a Fed announcement of additional stimulus measures is near. There are a few who expect them to make some minor cosmetic changes to their copy next we..."
"Down under currencies weaken on the FX marketWeak data out of New Zealand is sending the kiwi tumbling in forex trading on the currency market. Labor data turned out to be much weaker than expected, a..."
Blog:
Global Forex BlogTidsstämpel: 2010-08-05 08:56
Taggar:
aussie,
currencies,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
fx market,
kiwi,
market,
rate,
report,
trading
"I will be speaking at the Las Vegas Forex and Futures Expo in September. If you are interested, I am holding a premium class on Friday. Click on the link to register! I promise it will be a fun and..."
"FXCM just launched its FXCM Labs which is essentially an opportunity for early adopters and enthusiastic followers to beta test new FXCM products. Currently beta testers can test FXCM’s Strategy..."
"Here’s an interesting chart from Nomura’s Technical Strategist showing how there seems to be a nearly a perfect 14 session cycle between peaks. It looks to me like some of the peaks are V..."
"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..."
"The world it seems is waiting for the Fed to cut rates. There is nothing yet carved in stone. Policy makers have indicated that they will most likely pass on next week?s Fed announcement. But, have hi..."
"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..."
"Monetary officials left their policy steady, called the present stance “appropriate” in a newly released statement, and gave no hint about the timing or direction of the next possible rate..."
"Forex trading forecast: Is sterling overbought?For now, the sterling is higher in currency trading against the U.S. dollar, gaining on some of the remains of yesterday's risk appetite. However, things..."
"Manufacturing activity expanded at a slower rate, while the growth in Euroland manufacturing accelerated last month. The dichotomy in those trends makes sense in light of the the dollar’s..."
"Pound, euro gain in forex trading against U.S. dollarThe risk rally is alive and well right now in currency trading on the FX market. Risk currencies like the pound, Aussie and euro are higher in fore..."
Blog:
Global Forex BlogTidsstämpel: 2010-08-02 09:18
Taggar:
aussie,
bull,
chicago pmi,
currencies,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
fx market,
market,
pound,
rate,
report,
trading
"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. ..."
"Price action on GBP/USD (a daily chart of which is shown) as of Friday (7/30/2010) has consolidated above 1.5500, a prior resistance region that was broken to the upside earlier in the week. This occu..."
"In an interview with China Reform magazine, Yi Gang, China’s chief currency regulator, said that China has surpassed Japan to become the world’s second-largest economy. Gang also noted tha..."
"The US Commerce Department announced today that the US Gross Domestic Product (GDP) fell to an annualized rate of 2.4 percent in the second quarter, compared to 3.7 percent in the first quarter. The r..."
"Price action on EUR/USD (a 4-hour chart of which is shown) as of Thursday (7/29/2010) morning, has reached its upside resistance target of 1.3100, as noted in Monday?s EUR/USD analysis. This occurs w..."
"If you gave the EUR its head where would it go? Prior to this morning we had been witnessing an intraday carbon-copy trading range, one that gyrated around the psychological 1.3000 handle. It seemed t..."
"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..."
"The US Commerce Department said today that orders for US durable goods fell 1.0 percent in June after declining a revised 0.8 percent the previous month. The result was a bit of a surprise as analysts..."
"Without the US consumer on board, economic recovery looks vulnerable. Yesterday?s falling consumer confidence print and the growing likelihood of a double-dip in house prices is shaping up for US GDP..."
"Price action on gold (a daily chart of which is shown) as of Tuesday (7/27/2010), has just tentatively broken down below a long-term uptrend support line that extends at least all the way back to the..."
"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..."
"Somewhat unexpectedly, Israel’s policy rate was raised by 25 basis points to 1.75%. The prior four increases, all by 25 bps, were implemented in August, November, and December of 2009, as..."
"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..."
"In disinflationary or deflationary times, it pays to have a depreciating currency. This lesson was underscored in the Great Depression when Britain went off the gold standard before the United S..."
"In disinflationary or deflationary times, it pays to have a depreciating currency. This lesson was underscored in the Great Depression when Britain went off the gold standard before the United S..."
"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..."
"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..."
"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 US Labor Department announced today that new claims for unemployment benefits rose 37,000 to a seasonally-adjusted 464,000 for the week ended July 17th. This was more than the expected 445,000.
Th..."
"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..."
"Currency trading with AUD/USDThe Australian dollar is looking to break through the 0.9000 level against the U.S. dollar in forex trading. Earlier today, the Aussie was the only currency able to gain a..."
Blog:
Global Forex BlogTidsstämpel: 2010-07-21 09:31
Taggar:
aussie,
cpi,
currencies,
currency,
currency trading,
dollar,
employment,
forex,
forex trading,
market,
rate,
trading
"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..."
"US housing starts fell more than expected in June, falling 5.0 percent to a seasonally-adjusted annual rate of 549,000 units. This is the lowest level of new starts in eight months, providing further..."
"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..."
"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..."
"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..."
"Easy Forex, a fairly large Middle Eastern broker and a NFA FDM, will probably withdraw its NFA clearing FDM status in the coming months. Easy Forex today announced to all its US clients that “Af..."
"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..."
"Price action on EUR/USD (a daily chart of which is shown) as of Friday (7/16/2010) has reached up to hit a high slightly above 1.3000, establishing a new two-month high, before pulling back. The steep..."
"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..."
"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..."
"By a unanimous 9-0 vote, the fully-staffed BOJ Policy Board kept its overnight uncollateralized interest rate at 0.1% and promised to maintain an ?extremely accommodative financial environment? to com..."
"FXCM just released its pricing for coding your EAs and indicators which is pretty cool as they should have enough know-how to do it quickly and efficiently. If you remember more than a year ago I publ..."
"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..."
"No changes are anticipated from the monthly meeting of the BOJ?s Policy Board on Wednesday and Thursday. Because rates were already very low, officials implemented only 40 basis points of cuts t..."
"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..."
"In its first bond sale since the bail-out in May, Greece was able to raise 1.25bn euros (£1.05bn; $1.58bn) in new funds. The offer was oversubscribed, with bids totalling 3.6bn euros. The terms of the..."
"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..."
"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..."
"Statistics Canada reported this morning that more than 93,200 jobs were created in the Canadian economy in June. This far surpasses the estimate of 15,000 new jobs. The result brought Canada’s n..."
"Canadian jobs jumped 93.2K last month, which is the same percentage increase as a 707K increase of U.S. non-farm payroll employment. A broadly-based increase of service sector jobs accounted for..."
"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..."
"Say it ain?t so?.have we hit the ?dog days? of summer already just when the World Cup is about to finish? Where are traders going to get their fix? With a lack of FX trading conviction, unlike some of..."
"A statement from monetary officials following today’s third straight monthly increase of 25 basis points in the reference lending rate deleted the prediction contained in the May and June rate h..."
"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..."
"German imports have risen at their fastest rate since unification in 1990, outpacing a sharp rise in exports.
Imports rose by 14.8% in May compared with the previous month, while exports grew by 9.2%..."
"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..."
"Aussie leads the way higher in currency tradingRisk appetite is making a return to the forex market today as the Australian dollar leads risk currencies higher in trading. The Asian session saw an exp..."
Blog:
Global Forex BlogTidsstämpel: 2010-07-08 09:55
Taggar:
aussie,
currencies,
currency,
currency trading,
dollar,
economy,
employment,
forex,
forex market,
forex trading,
market,
rate,
trading
"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..."
"The Governing Council will leave its interest rate settings unchanged. The refinancing rate has been 1.0% since May 2009 and will remain at that level into 2011. At Thursday’s monthl..."
"According to purchasing manager survey data, Euroland’s rate of expansion last month faltered by less the rate of U.S. expansion in non-manufacturing and manufacturing. The algebraic sum o..."
"FXCM are going to be releasing a new trading platform soon, called Strategy Trader. It?s not been released yet – as of right now it?s a beta, but should be out within the next few weeks. Here is..."
"FXCM are going to be releasing a new trading platform soon, called Strategy Trader. It?s not been released yet – as of right now it?s a beta, but should be out within the next few weeks. Here is..."
"The British Chambers of Commerce (BCC) predicted today that the British economy continued to grow at a rate of between 0.6 and 0.7 percent for the second quarter of the year. The prediction was based..."
"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..."
"In life, timing is everything and in forex trading, knowing when to trade is just as important as knowing what to trade. FX: Knowing When to Trade One of the greatest benefits of the forex market is t..."
"ZuluTrade has announced that its collaborating with a new forex broker, AAAFx. AAAFx is directly integrated with the ZuluTrade Platform and is ZuluTrade’s best choice..."
"A downshift in U.S. employment growth occurred longer ago than generally realized. Over the forty years from January 1949 until January 1989, jobs expanded at a 2.2% annualized rate. Among..."
"Payrolls declined by 125,000 last month as the US government cut 225,000 temporary workers conducting the 2010 census, Labor Department figures in Washington showed today. Economists projected a decli..."
"After all the data we have seen this week, this morning?s NFP results could end up being rather anticlimactic. As we head into a long weekend, market anticipates a Census driven weaker headline print..."
"Fundamentals could mean lower greenback in currency tradingThe U.S. dollar is down against the U.K. pound and the euro in forex trading today, thanks to the payrolls report. The news has been interest..."
"Sterling in currency tradingThe U.K. pound is moving higher against the U.S. dollar in forex trading on the currency market. The pound is seeing some support from European markets and a higher FTSE 10..."
Blog:
Global Forex BlogTidsstämpel: 2010-07-02 09:57
Taggar:
currency,
currency trading,
dollar,
employment,
financial,
forex,
forex trading,
market,
pound,
rate,
trading
"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..."
"With China?s manufacturing growth declining, and deepening budget cuts in Spain and UK, is undermining ?the faith? in the recovery process this morning. Now that the second quarter-end transactions ha..."
"Credit policy in Romania was left on hold as expected. It had been in easing mode until early last month. Policymakers had cut their key interest rate five times by a combined 225 basis po..."
"Price action on USD/JPY, a 4-hour chart of which is shown, has recently been entrenched within an accelerated downtrend. Within this downtrend, after price broke down below key support in the 89.00 pr..."
"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..."
"Oil fell to $76.79 in Europe today following yesterday’s stock market losses. News that Germany’s jobless rate declined to 7.5 per cent helped give European stocks a much-needed boost, alt..."
"This week after the G20, the BIS argued that extremely low real rates have altered investment decisions, and is postponing the recognition of losses, increased risk-taking, as investors search for yie..."
"The impression of a strong dollar in June is not corroborated by its changes since end-May. The advance against the euro, while exceeding 10% in the quarter, was smaller than 1.0% in the final m..."
"With the G20 out of the way the market can get back to ?reality?. The ?double-dip debate? has investors on their toes. A multitude of concerns has risk-adverse trading strategies dominating the O/N cu..."
"The Securities and Exchange Commission today announced fraud charges and an emergency asset freeze against a purported fund manager based in the U.S. Virgin Islands who perpetrated a $105 million Ponz..."
"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..."
"Wednesday will mark the end of a quarter and the mid-point of 2010. Canada celebrates Canada on Thursday, and dealing rooms will close early on Friday in the U.S. for the Independence Day weeken..."
"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..."
"Revised U.S. GDP expanded 2.7% at an annualized rate (saar) last quarter and by a similar 2.4% between 1Q09 and 1Q10. Although not as good as preliminary indications, growth in the United States..."
"In an interview with the BBC, US Treasury Secretary Timothy Geithner said that it “remains a priority” that the European Union concentrate on growth. Geithner made it clear that this is th..."
"EUR/USD currency pair declined today on growing concerns about European debt crisis as European equities fell today. U.S. macroeconomic data was generally neutral today and without unex..."
"Taiwan became Asia’s sixth country to endure a rate increase. The 12.5 basis point increase in the discount rate to 1.375% reverses the final of seven reductions engineered between Septemb..."
"Hong Kong’s key interest rate has been left at 0.5%. Monetary authorities in the former British colony move in lock-step with what the FOMC does. For background on the policy of the..."
"Australian Prime Minister Rudd resigned. His popularity had melted after proposing a draconian tax on mining activity. Australian markets celebrated only briefly because the government rem..."
"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..."
"One source of the dollar’s strength against the euro since late November has been a perception that the Fed will begin raising interest rates well ahead of the ECB. If this premise w..."
"EUR/USD advanced today after a sharp decline as the U.S. housing market continues to show terrible results. New homes sales posted a really depressing value. FOMC kept the..."
"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..."
"With the expiration of a tax credit for new home purchases, the sale of new homes fell a record 32.7 percent in May. Sales fell to an annualized rate of 300,000 units, matching a low not seen since st..."
"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..."
"As expected and following an unexpected easing on May 7 of 25 basis points, the CNB retained a 0.75% target for its two-week repo, flanked by a discount rate of 0.25% and a Lombard Rate of 1.75%. ..."
"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
"Optimism over the possible appreciation of the Yuan fading, and the ongoing concerns of the European financial sector, is again encouraging risk-aversion trading strategies across the board. The marke..."
"One of the greatest uncertainties faced by policymakers concerns whether economies that are now recovering can tolerate fiscal restraint. Expert opinion is divided on this question, and historic..."
"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..."
"Fed may soften some of its forecast factors for the U.S. economyThe U.S. Federal Reserve Open Market Committee begins a two-day policy meeting today, and there is speculation about what will come out..."
Blog:
Global Forex BlogTidsstämpel: 2010-06-22 10:26
Taggar:
currency,
dollar,
economy,
financial,
forex,
forex trading,
market,
point,
rate,
report,
retail sales,
trading
"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..."
"As worries over the European debt crisis subside somewhat, investors are turning again to corporate bonds. As a result, sales of these securities have rebounded to levels not seen since early April.
?..."
"China’s confirmation that it will allow the yuan to appreciate against the dollar sent global stock markets higher Monday. The policy change is likely to help US manufacturers and exporters as i..."
"Forex Factory recently announced an update to its Broker Quotes section which will be now placed under the Markets tab. This section is powered by Forex Factory?s Market Data System (MDS), an advanced..."
"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..."
"As was the case with most of the Forex trading contests that are held on the demo accounts, in the Automated Trading Championship (ATC) 2010 it’s very imp..."
"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”..."
"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..."
"A decline in the price of food and energy has pushed wholesale prices down for the second straight month, falling 0.3 percent in May. Core inflation, which excludes energy and food, posted a 0.2 per c..."
"According to the US Federal Reserve, production rose 2.1 percent in May with manufacturing and mining leading the surge. Factory production was the largest contributor to the increase, gaining 0.9 per..."
"The number of housing starts in the US fell by 10 percent in May to an annual rate of 593,000 new units. This is the largest single-month decline since March 2009, missing the target of 659,000 by 66..."
"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..."
"In the midst of the Eurozone debt crisis, forex investors have largely stopped paying attention to interest rate differentials and focused the brunt of their attention on risk. Soon enough, however, t..."
"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 US Treasury Department’s auction resulted in selling one block of $27 billion in three-month bills, at a discount rate of 0.065 percent, down 0.130 percent from last week. The Treasury Depar..."
"2010 FIFA World Cup may provide you with a few lessons about tradingWorld Cup fever has swept the globe and people across many nations are at pubs and bars cheering on their national teams. As o..."
"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..."
"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..."
"Greetings everyone!
In today’s post I’m going to show you how you can get 99% modeling quality when backtesting using MT4’s “Strategy Tester.” If you..."
"Italy’s debt hit a record 1.813 trillion euros (US$2.2 trillion) in April, gaining 0.8 percent over the previous month. The news comes on the heels of efforts by the Italian government to reduce..."
"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..."
"Bernanke comments that the US economic recovery is moving at a ?moderate pace? has temporarily overshadowed concerns that the European sovereign debt crisis is spreading. Quite frankly, what else can..."
"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..."
"Price action on EUR/GBP, a daily chart of which is shown, dropped down to key support in the important 0.8200 price region, a new 18-month low, before making a bounce as of Tuesday (6/08/2010) morning..."
"In a US television interview last night, Federal Reserve Chairman Ben Bernanke said that the Federal Reserve could raise interest rates even before employment returns to typical pre-recession levels..."
"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..."
"The Canadian economy created 24,700 new jobs in May – this is almost double the predictions and marks the fifth straight month of increases. Despite the new jobs, the overall unemployment rate r..."
"ActForex, Inc., the leading provider of independent retail trading platforms, announced the release of iActTrader?, its new and innovative trading solution for Apple?s iPhone. iActTrader is a full fea..."
"Euro plunges in currency tradingLast week, the euro showed some fight in forex trading, even reaching $1.25 at one point. However, as this week draws to a close, the euro is more battered than ever, t..."
Blog:
Global Forex BlogTidsstämpel: 2010-06-04 10:55
Taggar:
currency,
currency trading,
dollar,
employment,
forex,
forex trade,
forex trading,
market,
point,
rate,
trading
"US productivity fell to an annual rate of 2.8 percent for the first three months of the year, compared to the 3.6 percent rate the government announced one month ago. One interpretation of this result..."
"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...."
"The dollar advanced 0.6% against the yen and 0.1% versus the Swiss franc, but the greenback has lost 0.8% against the Australian dollar, 0.6% relative to the New Zealand dollar, 0.2% against sterling..."
"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..."
"Thailand’s policy interest rate has been at 1.25% since a 25-basis point cut in April 2009, which followed reductions of 100 bps in December 2008, 75 bps in January 2009 and 50 bps in February 2..."
"Currency trading with EUR/USDOriginally, it looked like a pretty bad day for risk. Markets in Asia dropped as Japanese Prime Minister Yukio Hatoyama resigned, and European markets moved lower. The eur..."
"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..."
"Interest rates expected to remain steadyThe Australian dollar is turning lower in currency trading on the FX market today as interest rates are expected to remain steady for some time. Today, RBA Gove..."
Blog:
Global Forex BlogTidsstämpel: 2010-06-01 09:29
Taggar:
aussie,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
fx market,
inflation,
market,
point,
rate,
report,
trading
"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..."
"Canada’s overnight money rate target has been at 0.25% since April 2009. For the ensuing year, monetary officials also had made a contingent pledge not to raise the target before mid-2010..."
"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..."
"A widening of spreads on dollar bonds issued by developers could signal the imminent bursting of China’s property bubble. These bonds have been the worst performing of all US-denominated, non-fi..."
"End-April to End-May market changes illustrate how Europe’s sovereign debt problem may infect Japan and the United States with economic weakness of a different sort. The return of risk ave..."
"U.S. real GDP growth of 3.0% at a seasonally adjusted annualized rate (saar) in the first quarter was only 60% as rapid as Japanese growth of 4.9% saar in the same period. However, two-quarter U..."
"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..."
"Finextra reports:
Portware, the leading provider of highly integrated, multi-asset algorithmic trading solutions has become the latest forex platform provider to integrate with Traiana’s Harmon..."
"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..."
"Euro forex trading forecastThe euro continues to lose ground in forex trading. Even though the OECD is reporting an improved forecast for economic growth in 2010 and 2011, the euro is not gaining. Con..."
"Forex Tester, a forex software application that lets you test the water with your strategies in various environments, was now just upgraded and first five lucky readers get this $150 worth software fo..."
"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..."
"It turns out that the price gaps that usually occur on weekends and result in a price difference between the Friday’s close and the Monday’s open no..."
"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..."
"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..."
"Trichet is fast becoming the mouthpiece that Capital Markets do not listen to. In his ?read my lips? comments yesterday, again he reiterated that the ECB has not adopted quantitative easing and that t..."
"In an update yesterday entitled U.S. Unemployment, CPI Inflation, Stock Prices and Fed Policy, I quantified several data trends, which make a rate increase by the Fed this year unlikely. This po..."
"Renewed demand for Japan’s exports helped grow Japan’s economy by 1.2 percent for the first quarter of 2010. Much of the increase came in the form of increased auto sales and consumer high..."
"Risk aversion sends Australian dollar lower in forex tradingA lot of focus has been on the euro in forex trading lately. However, the Aussie deserves some attention as well. As a high yielding currenc..."
Blog:
Global Forex BlogTidsstämpel: 2010-05-20 10:34
Taggar:
aussie,
currency,
currency trading,
dollar,
economy,
forex,
forex trade,
forex trading,
market,
rate,
trading
"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..."
"Mataf.net’s Arnaud has compiled an interesting comparison chart of various Forex forums and portals. He uses Google adplanner to estimate the number of unique visitors to each site and while thi..."
"Interest rate hike could be delayed U.S. economic data continues to conflict, indicating that the U.S. economic recovery is going to continue to experience slow going. This morning, consumer price dat..."
Blog:
Global Forex BlogTidsstämpel: 2010-05-19 10:35
Taggar:
currency,
currency trading,
dollar,
employment,
forex,
forex trading,
fx market,
inflation,
market,
oil,
rate,
trading
"Although somewhat more upbeat about economic prospects in the United States, minutes released today from the April 28th FOMC meeting depict a hesitancy to raise interest rates soon or to sell off mort..."
"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..."
"Despite protests from the UK?s new government, a majority of European Union Finance Ministers have approved draft legislation of a new bill that will force additional regulations upon hedge fund manag..."
"The U.S. Commerce Department announced today that housing starts rose 5.8 percent to a seasonally-adjusted annual rate of 672,000 units. A National Association of Home Builders survey on Monday showed..."
"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..."
"Euro gains against the U.S. dollar in currency tradingWhile some think that the euro is overvalued in forex trading, the 16-nation currency is nevertheless making a recovery attempt. The euro is highe..."
Blog:
Global Forex BlogTidsstämpel: 2010-05-18 09:28
Taggar:
currency,
currency trading,
dollar,
finance,
forex,
forex trading,
fx market,
market,
rate,
report,
trading
"Price action on GBP/USD, a daily chart of which is shown, has continued its bearishness from last week, when price reached down to hit its expected 1.4500 downside target at the close of the week. Th..."
"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..."
"I just posted a video on YouTube giving a brief overview of a high-probability trend-following strategy called Multiple Timeframe Trading. Here is the link: http://www.youtube.com/watch?v=IUVQuuVLzRo ..."
"Currency trading with the New Zealand dollarThe kiwi is dropping in forex trading on the currency market today as global troubles threaten to delay interest rate hikes. Also contributing to the drop i..."
Blog:
Global Forex BlogTidsstämpel: 2010-05-14 11:27
Taggar:
currency,
currency trading,
dollar,
financial,
forex,
forex trading,
kiwi,
market,
rate,
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..."
"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
"The number of people unemployed in the UK rose by 53,000 to 2.51 million during the three months to March, official figures have shown.
The unemployment total is now at its highest level since Decembe..."
"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..."
"A 12.8 percent increase in property values helped boost China’s April inflation rate by 2.8 percent compared to the previous year. The news will be sure to add to concerns that China is overheat..."
"Ireland has the third highest rate of unemployment in the OECD, according to new data published today.
Spain currently has the highest unemployment rate in the 34-country body at 19.1 per cent, follow..."
"The latest Forex VPS service that has been listed on EarnForex.com is UCVHOST. Its description is now available to the site’s visitors. It’s also possible to rate..."
"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..."
"It would be inaccurate to say that German Chancellor Angela Merkel lost an important state election this weekend due solely to her reluctant support of the EU-sponsored rescue package. However, it wou..."
"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..."
"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..."
"One of the oldest on-line Forex brokers has been listed on EarnForex.com today — Akmos Trade. It’s quite popular in Russia but is almost unknown outside it, despit..."
"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..."
"So My Favorite EUR/GBP Setup was a complete dud - but you win some and you lose some .
Here are some recent sound bites from articles that I have written on Non-farm Payrolls, Greece and Beyond
If No..."
"Canada?s dollar rallied the most since November on a government report showing a record increase in employment last month.
The nation?s economy gained 108,700 jobs in April after an increase of 17,900..."
"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 ECB Governing Council left its three rates unchanged and where such have stayed for the past 12 months: a 1.0% refinancing rate flanked symmetrically by a 0.25% deposit rate and a 1.7..."
"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..."
"Capital Markets expect the ECB to keep rates unchanged this morning. Investors will be focusing intently on Trichet and Co.?s message on Greece and what it will do to stop the problems infecting count..."
"Forex trading with the New Zealand dollarThe kiwi is showing promise in currency trading on the FX market today as it puts in a solid performance. Indeed, the New Zealand dollar surprised some forex t..."
Blog:
Global Forex BlogTidsstämpel: 2010-05-06 10:50
Taggar:
currency,
currency trading,
dollar,
forex,
forex trade,
forex trading,
fx market,
kiwi,
market,
rate,
trading
"U.S. dollar retains strength in currency tradingThe euro forex trading forecast remains somewhat bleak, with troubles in Europe refusing to subside. The ECB announced that it would leave interest rate..."
"EUR/GBP has sold off quite aggressively this week and I think there is still downside opportunity for this currency pair!
On the euro front, the outcome of tomorrow’s ECB meeting is likely to b..."
"EUR/USD continues experience decline amid the Greece’s crisis, while U.S. economy shows stable growth. Improved ADP unemployment rate signals about the increasing economic activities..."
"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..."
"The ADP Payroll report released this morning shows that private companies in the US created 32,000 new jobs in April. This is the largest monthly increase since January 2008 and suggests that companie..."
"Nine consecutive monthly rate reductions from December 2008 to August 2009 totaled 300 basis points, and now nine months have passed without a change in the rate’s 6.5% level. A released s..."
"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..."
"TFI FX is a rather old Cypriot Forex broker with a European regulation. Its has been listed on EarnForex.com today (mainly as a MetaTrader broker). It’s available on-lin..."
"The world recession of 2008-9 demonstrated the interconnectedness of global financial markets and how quickly a localized malfunction can destabilize other seemingly insulated and unrelated areas...."
"China’s Purchasing Manager’s Index fell to 55.4 from 57 in March in a sign that efforts to reduce the rate of inflation have helped cool the economy. Earlier in the year, China’s gov..."
"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..."
"Greenback higher against the euro in forex tradingThe U.S. dollar is picking up speed in currency trading today as the economic picture shows improvement. One of the biggest things helping the dollar..."
"There are no words to describe the size of China’s foreign exchange reserves. Massive, Mind-Boggling, and Eye-Popping come to mind, but don’t do the $2.447 Trillion justice. What’s m..."
"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..."
"The US Commerce Department said today that the economy grew by 3.2 percent during the first quarter. The growth was due mostly to a 3.6 percent increase in consumer spending – the largest jump i..."
"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..."
""The problems we have in Greece are really hitting different pockets of the world," Kathy Lien from GFT told CNBC Wednesday. Lien thinks the situation will keep downward pressure on ECB interest rates..."
"The US Labor Department said today that the number of new unemployment claims fell for the second straight week to a four-week low of 448,000. This is a drop of 11,000 from the previous week.
Despite..."
"BB MACD indicator has been converted to be compatible with the MetaTrader 5 platform. It’s a simple visual Forex indicator that displays the Bollinger Bands on the ..."
"High beta currencies get a boost in forex tradingToday, the news is that U.S. jobless claims have dropped for the second week in a row. The news is helping the U.S. stock market head for a higher open..."
"New Zealand’s official cash rate (OCR) has been at 2.5% for a full year since a 50-basis point cut in April 2009. The decision to leave the OCR at 2.5% met expectations, but the statement..."
"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 high state of alert among investors over Greece’s fiscal problems and the risks of contagion to other markets seemingly will prevent the Fed from modifying language predicting “excepti..."
"EUR/USD traded with a great deal of the intraday volatility today, influenced by the expectations regarding Fed’s interest rate decision and Greek bailout. The ..."
"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..."
"Following yesterday’s assignment of “junk” status to Greek debt by ratings agent Standard & Poors, the interest rate spread between Greek bonds and the benchmark German bonds, j..."
"The risks in trading forex are manifold. There is interest rate risk (the possibility that interest rates could change adversely), country risk (that a political, economic, or monetary crisis could ad..."
"Currency trading with the U.S. dollarThe U.S. dollar is maintaining strength in forex trading on the currency market today as the Fed heads in for a two-day meeting. While the Fed is not expected to m..."
Blog:
Global Forex BlogTidsstämpel: 2010-04-27 09:22
Taggar:
announcement,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
fx market,
market,
rate,
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..."
"Sterling higher in forex tradingAfter struggling last week, the sterling appears to be gaining the upper hand in forex trading today. Indeed, the announcement by Liberal Democrats that they would be w..."
Blog:
Global Forex BlogTidsstämpel: 2010-04-26 11:53
Taggar:
announcement,
cable,
currency,
currency trading,
forex,
forex trade,
forex trading,
market,
pound,
rate,
trading
"Greece has requested that the financial bail-out plan currently being discussed by the Eurozone and IMF be put into place. The request comes just one day after it was revealed that Greece’s defi..."
"Faced with sky-high Greek interest rates, the government in Athens has asked that the EUR 45 billion aid package from the EU and IMF be activated. The process not requires consent from all 15 ot..."
"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..."
"The number of new claims for unemployment in the US fell by 24,000 to a seasonally-adjusted 456,000. The result was slightly below predictions of 455,000.
For the month of March, 162,000 new jobs were..."
"Bangko Sentral ng Pilipinas left its overnight borrowing rate at 4.0% after this month’s meeting but, as at the prior meeting on March 11, cut rediscounting window quotas by P20 billion to just..."
"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..."
"Greece has begun talks with the International Monetary Fund and the European Commission over the terms of the aid package. The biggest question is not if Greece needs it, which it does, but rather wh..."
"Loonie ready to take on greenback in forex tradingFor the last few days, the Canadian dollar has continued in currency trading to trade near parity with the U.S. dollar. The loonie appears to be gathe..."
Blog:
Global Forex BlogTidsstämpel: 2010-04-21 13:13
Taggar:
currencies,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
fx market,
loonie,
market,
rate,
report,
trading
"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..."
"Currensee just announced the expansion of its round B, which was announced couple of months ago to $8.8 million from previously announced $8 million, and that a new investor joined the team. Company s..."
"The Office for National Statistics announced this morning that the UK inflation rate for March jumped to 3.4 percent from 3 percent the month before. The rise in inflation as measured by the Consumer..."
"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..."
"Tuesday’s interest rate statement at 09:00 EDT (13:00 GMT) will likely lay down the case for a Canadian rate hike as soon as June 1. The last cyclical high in Canada’s overnight rate..."
"The interest rate gap for Greek bonds – that is, the difference demanded for Greek bonds compared to the German equivalent – jumped again on Thursday. The spread between a Greek 10-year bo..."
"Greece is in perpetual check and facing checkmate unless officials get very creative. Let me explain. In return for the imposition of substantial fiscal cutbacks, an aid package will hopef..."
"One of the cornerstones of exchange rate theory is that currencies rise and fall in accordance with inflation differentials. All else being equal, if US inflation averages 5% per annum and EU inflatio..."
"EU finance ministers, a.k.a. Ecofin, are meeting today in Spain over the Greek debt problems. Greek long-term interest rates remain too high, and the government in Athens is attempting to secure..."
"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..."
"Latest growth figures from China indicate that for the first quarter of the year, China’s economy grew at an annualized rate of 11.9 percent. This was slightly higher than expectations and marke..."
"The uncertainty generated by the vote in the Parliaments of Germany, France and Ireland to contribute their share of the Greek bailout has snapped the Euro’s 5 days upward trend. The EU fiscal w..."
"Is Bernanke holding the dollar back?There have been some concerns about Ben Bernanke's refusal to raise interest rates. Indeed, there are worries that Bernanke is in denial about the improvements made..."
Blog:
Global Forex BlogTidsstämpel: 2010-04-15 09:33
Taggar:
announcement,
currency,
currency trading,
dollar,
economy,
forex,
fx market,
market,
rate,
report,
retail sales,
trading
"Fed Chairman Bernanke’s remarks before the Joint Economic Committee today sent mixed signals — on the one hand failing to say that rates will probably stay at current exceptionally low lev..."
"EUR/USD failed to go up significantly today and retreated even before reaching the Monday’s high level, as the fundamental indicators hinted a soon rate hike in..."
"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..."
"Retail sales unable to boost greenback in forex tradingThe U.S. dollar is down in currency trading on the FX market this morning as forex traders look for higher returns. Even the improved retail sale..."
Blog:
Global Forex BlogTidsstämpel: 2010-04-14 09:34
Taggar:
currency,
currency trading,
dollar,
economy,
financial,
forex,
forex trade,
forex trading,
fx market,
market,
rate,
report,
retail sales,
trading
"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..."
"EU finance ministers over the weekend announced an agreement to loan Greece up to EUR 45 billion for three years at a maximum rate of about 5.0%. IMF money represents a third of the total, and m..."
"Markets have reacted to weekend news of a 3-year EUR 45 billion promise of aid for Greece. The plan puts a 5.0% ceiling on Greek interest rates. EUR 30 billion will come from other EU coun..."
"Forced to eat ?humble pie? and commit to their future, the EU has stepped up to the plate and pledged debt-burdened Greece a rescue package at below-market interest rates as they try to end this membe..."
"U.S. dollar re-asserts itself in currency tradingEarlier today, the euro saw a rally in forex trading as details of a Greek bailout plan were announced. Greece will be able to borrow up to 30 billion..."
Blog:
Global Forex BlogTidsstämpel: 2010-04-12 10:49
Taggar:
currency,
currency trading,
dollar,
forex,
forex trading,
fx market,
market,
rate,
report,
spread,
trading
"A Greek chorus is an ever-present fixture of currency market trading. A market participant can formulate opinions and trading strategies from the relentless drip of new information — data..."
"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..."
"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..."
"The ECB kept its key interest rate levels, unveiled no specific new details about haircuts to rein in liquidity-supportive facilities, and released a formal statement that stuck closely to script...."
"Investors continue to demand higher interest on Greek government bonds as fears grow that Greece could default on its debt obligations. The spread between Greek government bonds and German government..."
"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..."
"Greek-German rate spreads widened further ahead of ECB press conference.
Stocks suffered their biggest losses in quite some time. Equities lost 3.5% in Thailand, 1.7% in Indonesia, 1.4% in India..."
"Upon reviewing my previous post on the Brazilian Real (BRL), I now realize that it lacked context. In other words, while both the interest rate outlook and economic prospects of Brazil are both incred..."
"Currency trading with the euroThe euro continues to struggle in forex trading on the currency market. Earlier, as it appeared the Greece could succumb to its debt, ECB president Jean-Claude Trichet as..."
"I expect to find the usual phrases in the ECB statement explaining the decision to leave the key deposit, refinancing, and marginal lending rates at 0.25%, 1.0%, and 1.75%. These will include as..."
"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..."
"The Bureau of Labor Statistics said on Friday that the US payrolls had increased by 162,000 jobs in March, this was fewer than analysts had estimated by around 30,000 less jobs. The unemployment rate..."
"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
"Unlike the U.S. dollar and euro, the Ozzie dollar represents one of the only currencies not facing major problems, says Kathy Lien, director of currency research at GFT Forex. She talks with Shane Oli..."
"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..."
"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. ..."
"In a move intended to give China more leeway with its exchange rate policy, U.S. Treasury Secretary Timothy F. Geithner will delay a report expected by Congress on April 15th. The report is a critical..."
"With half the trading world on holiday, it?s been a slow news day with filler trying to generate enthusiasm after the US?s somewhat solid employment report on Friday. Even Geithner has decided not to..."
"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..."
"Manufacturing expanded robustly and at an accelerated pace last month in both Euroland and the United States. Euroland’s purchasing managers index advanced 2.4 points to 56.6, best since N..."
"The number of new claims for jobless benefits for the week ending March 27 fell by 6,000 to 439,000. The overall trend for the past two months has been a gradual slowing in the rate of job losses, but..."
"The scientists from CERN has finally discovered the secret of the relation between the causes and consequences in the process that are fundamental to the..."
"The Federal Reserve has a dual mandate to preserve low, steady, and predictable inflation but also to maximize employment. The Fed’s behavior regarding its key federal funds rate during th..."
"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..."
"For the first time since the introduction of the euro, unemployment in the countries using the single currency has topped 10 percent. While this news is sure to cast a pall over European markets today..."
"Why do we need to worry about news announcements when we already have a position, and we already have our stop and profit target in place? We worry about this because a major news announcement can mov..."
"Analysts and Fed-watchers have been speculating for almost half a year about the possibility of a Federal Funds Rate (FFR) hike. With each prognostication of a rate hike comes a flurry of market activ..."
"German labor data helps the euro in forex tradingThe euro is gaining in forex trading as German labor data comes back strong. This news is helpful to a euro zone that has been looking for good news si..."
"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..."
"Home prices in the 20 US cities surveyed by the S&P/Case-Shiller index, unexpectedly rose in January. Overall, the index rose 0.3 percent over December adding further to the case that the economy..."
"The potential for a showdown between the International Monetary Fund and the European Union took a leap forward today as the IMF said that any rescue package for Greece involving the IMF, would “..."
"The oft-repeated view of the ECB Governing Council is that a recovery from a severe economic contraction remains “on track” but that such will be “moderate,” “uneven,R..."
"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..."
"Greece is preparing its first bond offering since the European Union agreed to provide financial assistance to help the troubled nation deal with its staggering debt load. The seven-year bonds will ca..."
"The US Commerce Department announced today that consumer spending in February increased by 0.3 percent over the previous month. The rate of increase was slightly lower than than the 0.4 percent regist..."
"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..."
"A new addition arrived to the Forex strategy repository on EarnForex.com today. It’s a rather mundane strategy based on the support and resistance levels..."
"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. ..."
"The US Commerce Department announced today that the US economy grew at an annualized rate of 5.6 percent during the fourth quarter of 2009. Corporate profits also increased in the final three months o..."
"The two-week repo rate was left at 1.0% by a 4-2 vote. Unlike a unanimous decision on February 4 to keep policy stable, today’s meeting saw two policymakers dissent in favor of a 25-basis..."
"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..."
"The number of new jobless claims in the US fell by 14,000 to 442,00 for the week ending March 20th. This was fewer than expected and is a sign that the rate of job losses continues to slow as American..."
"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..."
"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..."
"Orders for durable goods climbed for the third straight month in February in what officials hope is further evidence of a recovery in the US. Inventories and backlogged orders also rose suggesting tha..."
"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..."
"Greenback moves higher in forex tradingThe U.S. dollar is surging in currency trading on the FX market as the debt situation in Europe deteriorates. There may be some furor over health care reform in..."
Blog:
Global Forex BlogTidsstämpel: 2010-03-24 11:24
Taggar:
currency,
currency trading,
dollar,
forex,
forex market,
forex trading,
fx market,
market,
rate,
spread,
trading
"Allegations have recently been leveled against France and Germany, accusing the two countries of attempting to use Greece’s credit crisis to their own advantage. The accusations suggest that Fra..."
"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..."
"There are many obstacles that prevent most traders that have an excellent trading plan from following it properly. Almost all of these factors are psychological.Review: Following the Plan Let's say yo..."
"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..."
"Greenback higher in currency tradingThe U.S. dollar is moving higher in forex trading as uncertainty takes hold of the markets. There is a laundry list of reasons that the greenback is making gains in..."
"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..."
"Data and event highlights next week are the annual British budget, the do-or-die moment of the U.S. healthcare debate, Euroland’s preliminary Flash readings, U.S. home sales, and the congression..."
"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..."
"The massive earthquake and tsunami on February 27 was a game changer. An increase of the 0.5% monetary policy rate this month had never seemed likely, but an increase during 2Q10 had looked prob..."
"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..."
"Guest Post by John Forman, Currensee.
“WANTED!!! Free Internet Videos/Materials Regarding Winning Forex Strategies/Methods!”
That’s the title of a thread on the Currensee member disc..."
"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
"Can the euro zone remain intact through all of this?The euro continues to struggle in forex trading on the currency market as the problems in Greece continue weighing on the euro zone. European Union..."
"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..."
"Differences in the economic policy priorities of governments are generally rooted in bad historical experiences. Top attention is placed on preventing whatever is most feared. Post-WWI hyp..."
"February’s wholesale prices fell by the greatest margin in seven months to 0.6 percent. This far exceeded the prediction of 0.2 percent as higher food costs were offset by lower energy prices. Y..."
"The eighth Icelandic rate cut in twelve months was announced today, reducing the seven-day lending rate by a further 50 basis points to 9.0%, exactly half of the peak level from October 2008 to March..."
"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%..."
"EUR/USD retraced from the yesterday lows set on the bad signals from Europe. Fundamentals that came out in U.S. today aren’t very positive for the dollar, while the..."
"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..."
"Stock futures suggest a slight increase in the markets today as the Federal Reserve is scheduled to release its interest rate statement. The expectation is that the Fed will maintain the current recor..."
"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..."
"The Organization of the Petroleum Exporting Countries (OPEC), has recently increased by 8.4 percent the number of oil and gas wells in production despite already exceeding production quotas. OPEC imp..."
"We were so close to changing the record after Friday?s US data. However, again we are doomed to listen to the same issues driving Capital Markets this morning. Chinese Premier Wen said he ?opposes cou..."
"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..."
"Statistics Canada delivered more positive news for the Canadian economy today, with the release of last month’s employment report. According to the agency, Canada created 60,000 full-time positi..."
"Spreads have always been one of the most important things forex traders are looking at when selecting their forex broker. While this is indeed an important aspect of forex trading often enough the imp..."
"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...."
"It’s not just Europe and Asia which have experienced milder labor market recessions than the United States. So has America’s neighbor to the north.
Between February 2009 and February..."
"The EUR has fallen 10% vs. the dollar in 4-month?s and is now contained in this narrow monthly range. Is this the fair value of the EUR? It?s lost 5% this year over European sovereign debt problems an..."
"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..."
"Bangko Sentral Ng Pilipines will reduce the peso rediscounting budget from P60 billion to P40 billion but has left its key borrowing and lending rates steady at 4.0% and 6.0%, their respective levels..."
"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..."
"Kathy Lien - The U.S. labor market report was released this morning and the data was much better than everyone had anticipated. Who Has Lost More Jobs - Men or Women?By: Kathy Lien The U..."
"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 US Commerce Department said today that a 6.6. percent decline in imports in January, resulted in a reduction of the US trade deficit to $37.3 billion, from $39.9 billion in December. A dramatic re..."
"Governor Bollard from the RBNZ stated last night that they do not anticipate ?hiking interest rates until mid-year?. With the SNB this morning, the market will be focusing on their policy on FX interv..."
"IG Markets, the leading Contract for Difference (CFD) provider, has announced that its Smart Order Routing technology will now be extended to incorporate liquidity from BATS Europe, the operator of an..."
"How Fast Will Chinese Officials Clamp Down?It appears that Chinese inflation is on the rise again, indicating that the country is seeing strong economic growth. Again. China's leaders are wary of seei..."
"The Official Cash Rate of New Zealand was left at 2.5%, where it has been since April 2009. After New Zealand entered a five-quarter recession in the first quarter of 2008, 575 basis points of r..."
"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..."
"DfxTrade is a new on-line Forex broker that was added to my site today. According to its website, the company is based in Hong Kong and operates globally except for&..."
"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..."
"We just created a new trading strategy. If you are interested in receiving this FREE REPORT, please sign up by visiting BKForex Advisors and using this link for the Session Based Forex Breakout Tradi..."
"The second interest rate policy meeting of 2010 is being held this week, and an announcement to retain the officials cash rate at 2.5% is expected around 20:00 GMT on Wednesday. The key rate has..."
"The United Arab Emirates offered its support to Dubai as the struggling member-state attempts to restructure more than $26 billion in debt. State-owned conglomerate Dubai World DBWLD.UL is holding inf..."
"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..."
"Price action on GBP/USD, a daily chart of which is shown, has made a bullish correction since the beginning of March after having dipped well below the key 1.5000 psychological level on March 1st. Thi..."
"For the past few months, all eyes have been on Greece and Dubai as the two countries struggle to deal with a growing debt crisis. Fears of insolvency have abated somewhat with recent, but vague, promi..."
"Carry trade is a popular trading strategy that is based on buying a high-yielding asset with the low-yielding asset, so that the cost of loan is less than the yield..."
"A trading plan is a must. I would be will to bet that virtually all successful traders have one. However, most new traders have no plan. In fact, I bet most new traders barely even have actual reasons..."
"After losing ground in December, German industrial orders jumped 4.3 percent in January. The increase was the largest single-month increase since December 2004.
“The main driver here was domesti..."
"Despite losing another 36,000 jobs in February, the U.S. Labor Department says the country’s unemployment rate remained steady at 9.7 percent. That agency also noted that recent snowstorms along..."
"U.S. employers cut a smaller than expected 36,000 jobs in February, leaving the unemployment rate unchanged at 9.7 percent, according to a government report on Friday which said it was unclear how sev..."
"Euro struggles in currency tradingThe euro is struggling in forex trading as events continue to keep the 16-nation currency weak. Indeed, the euro is down in currency trading on the FX market while th..."
Blog:
Global Forex BlogTidsstämpel: 2010-03-05 09:21
Taggar:
announcement,
currency,
currency trading,
dollar,
forex,
forex trading,
fx market,
market,
pound,
rate,
trading
"Japanese yen performance in forex trading depends on U.S. dataRight now, the current USD/JPY rally is expected to peter out. Which is unfortunate from the viewpoint of the Japanese, who like to have t..."
"Those who are a few years in this market should remember One World Capital Group which was even registered with the NFA at the time but was shut down as under-capitalized and following numerous compla..."
"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..."
"The ECB today conveyed several things. It
Announced a return to variable rate refinancing operations as of April 28th but made no change in it main weekly fixed rate tenders or its one-month te..."
"Indonesian monetary policy will remain steady as expected. The policy rate has been at 6.5% since 300 basis points of easing between December 2008 and August 2009 were completed. No increa..."
"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..."
"GFT wins Australia's top CFD awardCanstar Cannex Read the Canstar Cannex ratings Report Here GFT Gold/Silver - Dealbook 360 offers the low brokerage fees (Gold - $8 or 0.08%). Full comprehensive feat..."
"Fed Beige Book shows improvement in 9 out of 12 districtsThe U.S. economy is showing improvement, and that is providing a backdrop for a strong dollar in forex trading. Indeed, reports from the Fed's..."
Blog:
Global Forex BlogTidsstämpel: 2010-03-04 09:03
Taggar:
currencies,
dollar,
economy,
forex,
forex trading,
fx market,
inflation,
market,
pound,
rate,
real estate,
report,
trading
"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
"Aside from the fact that Lawrence Summers, who is Obama’s Economic Advisor was a former Treasury Secretary, what does he really know about last month’s non-farm payrolls report? On the ev..."
"No chance exists of a change in ECB interest rates. A 0.25% deposit rate and 1.75% marginal lending rate flank the 1.0% refinancing rate.
New staff forecasts will be unveiled for growth and infl..."
"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..."
"Australia closed-out 2009 with another positive quarter. For the full year, the economy managed to expand by 2.4 percent and was the only major economy to remain recession-free for the entire year. By..."
"Hello!
Just a final reminder that the 3 “Forex Smart Start Profit
Strategies” online trainings kick off TODAY, Wednesday, March
3rd…
-where you’ll learn the top 4 tweaks you ca..."
"Britain’s periodic fiscal problems,chronic large trade deficits, comparatively high inflation and the enormous offshore holdings of sterling have made that currency an object of speculative sell..."
"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..."
"I was on the Business News Network this morning talking about my reaction to the Australian rate hike, the IMF’s report on Chinese Yuan undervaluation and my outlook for the Canadian rate decisi..."
"Japan?s jobless rate fell below 5 percent in January for the first time in nearly a year and job availability rose, in a sign steady improvements in exports and output are spreading to other sectors o..."
"Having been the first G-20 nation last October 6 to see a rate hike after the global financial crisis, Australia became the first economy anywhere to undergo a fourth increase. All of them ̵..."
"Despite the crowded sterling trade, the expected RBA rate hike, the general malaise of the EUR, Capital markets are twiddling their thumbs in a ?wait and see mode?. This week, barring today?s BOC rate..."
"Despite the crowded sterling trade, the expected RBA rate hike, the general malaise of the EUR, Capital markets are twiddling their thumbs in a ?wait and see mode?. This week, barring today?s BOC rate..."
"Top currency expert Boris Schlossberg has said that a hung parliament would be a ?formula for disaster? for the pound and the British economy and has described Britain as a ?massive risk? for investor..."
"Euro forex trading forecastThe euro continues to struggle in currency trading on the FX market, with concerns over the Greek situation manifest. In earlier trading, the euro took a dive. It has recove..."
"Forex trading with the AussieThe Australian dollar is somewhat subdued today in currency trading on the FX market, in spite of its hike to the benchmark rate. After some concern that the RBA would hav..."
Blog:
Global Forex BlogTidsstämpel: 2010-03-02 09:30
Taggar:
aussie,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
fx market,
market,
rate,
trading
"Dear Trader,
I just wanted to make sure you read my invite post a few days ago about
the brand new upcoming online Forex training being held 3 times this
Wednesday called:
Forex Smart Start Profit St..."
"I was on CNBC Australia last night talking about the outlook for the Australian dollar and the upcoming RBA rate decision
"
"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..."
"Canada’s economic recovery gathered considerable momentum in the final quarter of 2009, beating market expectations to grow at a 5.0 percent annualized rate on strong consumer spending and expor..."
"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
"Forex trading forecast for the AussieThe Australian economy has been performing quite well throughout the global recession, and appears to be growing quite quickly. However, the forex trading forecast..."
Blog:
Global Forex BlogTidsstämpel: 2010-03-01 09:08
Taggar:
aussie,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
market,
point,
rate,
trading
"This past week saw the dollar perform better in the minds of analysts than in the marketplace. Gloom about Europe’s peripheral members — affectionately known as the PIIGS for Portuga..."
"The US economy closed out 2009 on a high note, growing at a rate of 5.9 percent over the final three months. This was slightly better than the Commerce Department’s estimate of 5.7 percent but e..."
"Using economic divergence as part of a currency trading strategyOne of the ways you can enhance your currency trading strategy is to consider incorporating economic divergence. This is the idea that y..."
"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..."
"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..."
"To join Europe’s common currency, nations are required to meet five economic stress tests to ensure suitability. The standards are rigorous but count only for a brief moment in time. ..."
"In testimony before Congress today, Federal Reserve Chairman Ben Bernanke said that record low rates would be needed for an “extended period” to ensure the economic recovery is firmly entr..."
"China?s unloading of $34 billion in U.S. bonds earlier this month, caught market watchers a bit by surprise. When I first wrote about the sell-off, I questioned whether the move was motivated by risk..."
"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..."
"CMC Markets today announced the launch of Marketmaker Web, an advanced browser-based trading platform, and the Education Zone, an extensive base of trading knowledge and strategies on their redesigned..."
"COMPLAINT:
On December 16, 2009, NFA issued a Complaint charging FXT with cheating, defrauding or deceiving another person or attempting to do so; presenting hypothetical performance without required..."
"The first part of Fed Chairman Bernanke’s semi-annual Humphrey-Hawkins testimony begins at 15:00 today in the House of Representatives. He testifies tomorrow in the senate. Investors..."
"U.S. dollar falls in forex tradingYesterday, the U.S. dollar was seeing a bit of a rally. At that point, it was all about risk aversion. Today, the story is a bit different. Right now, it's all about..."
Blog:
Global Forex BlogTidsstämpel: 2010-02-24 11:47
Taggar:
bull,
currency,
dollar,
economy,
forex,
forex trading,
inflation,
market,
point,
rate,
trading
"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..."
"A surprise drop in German business confidence – the first decline in 11 months – caused the euro to fall and pushed European stocks into negative territory. The Dow Jones Stoxx 600 Index l..."
"Last week, the Fed raised the discount rate by 25 basis points, to .75%. Investors have consistently focused the brunt of their collective monetary attention on the Federal Funds Rate, and the markets..."
"Forex trading on the currency marketThe U.S. dollar is heading higher in currency trading on the FX market today. Risk appetite is fading right now as global equities retreat, and economic data from a..."
Blog:
Global Forex BlogTidsstämpel: 2010-02-23 09:27
Taggar:
currency,
currency trading,
dollar,
forex,
forex trading,
fx market,
gold,
market,
oil,
rate,
trading
"Guess who is scaling the wall - Yes! Bet you never imagined that Kathy Lien is not only an avid skier but also a rock climber!
Just to keep you updated, I’ve been super busy starting work on a n..."
"The ?China Bears? are at it again with one prominent member of the club ? Marc Faber ? even suggesting that the Chinese economy could ?decelerate very substantially in 2010 and could even crash?. Fabe..."
"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..."
"Taiwan recorded an annualized growth rate of 18 percent for the final three months of 2009. The level of growth was much greater than expected and can be attributed to a massive increase in demand in..."
"The price of oil has risen to a six-week high as reports of a rescue for debt-laden Greece lifted the euro and helped push the US dollar lower.
A weaker dollar makes oil cheaper for buyers in other cu..."
"Kathy Lien quoted by corporate fx.The dollar is not under threat from a rallying euro because "fundamentally, the Eurozone is in worse shape than the US," one foreign exchange hedging strate..."
"There have been few and inconsequential data releases this Monday. No market-shattering statements, either. China finally reopened following a week-long Lunar New Year holiday, and officia..."
"Ok, the market was shocked. Despite telegraphing the discount rate move in last weeks minutes, Capital markets found it difficult to deal with Bernanke?s? timing of delivery. This week ?the sober asse..."
"MOUNTAIN VIEW, Calif. ? (February 22, 2010) Integral Development Corporation (www.integral.com) today announced FX Inside Alpha?, an on demand solution powerful enough to launch algorithmic trading fi..."
"A 50 basis point increase in the Federal Reserve’s Discount Rate lifted the dollar to a nine-month high against the euro. The increased confidence in the buck worked against oil prices, sending..."
"The US Federal Reserve caught the market somewhat by surprise when it raised the Discount Rate to 0.75 percent from 0.5 percent earlier today. The Discount Window is typically seen as a “lender..."
"At 19:30 GMT yesterday after U.S. markets had closed, the Fed announced a 25-basis point increase in its discount rate to 0.75%. The FOMC minutes this week had served notice that such a move cou..."
"Who has itchy fingers then? OK, we had our suspicions after the Fed minutes this week. The gut said the next meeting was appropriate, but they just could not wait. Last night, the Fed raised the disco..."
"U.S. dollar pulls back against the greenback in currecncy tradingEuro is getting back its own in forex trading today, after dropping on the news that the Fed had decided to hike the discount rate. Thi..."
"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
"What is the difference between the Discount Rate and the Fed Funds Rate?
On Thursday February 18th, the Federal Reserve surprised the markets by raising the discount rate by 25bp to 0.75 percent, sen..."
"I was on CNBC Squawk Box Australia this evening talking about the implications of the Fed’s discount rate hike on the forex markets.
"
"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..."
"Chairman Bernanke with a fresh four-year term will be back at Congress doing his semiannual rundown on monetary policy. It’s funny how the timing of Fed moves make so much more sense after..."
"The state of the UK’s public finances deteriorated further in January, according to official figures.
The Office for National Statistics said the government had borrowed a further £4.3bn last mo..."
"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..."
"Euro forex trading forecastRight now, the euro is seeing some success in forex trading on the currency market, gaining against the U.S. dollar as jobless claims disappoint. However, there is speculati..."
"The dollar outperformed virtually all of the 16 main traded currencies as domestic reports ranging from manufacturing to housing showed better than expected numbers for t..."
"The US Commerce Department said today that the number housing starts for December increased 2.8 percent from the previous month to an annualized rate of 591,000. The continuation of a home-buyer tax c..."
"In a bid to remove speculation from the red-hot Canadian housing market, Finance Minister Jim Flaherty announced a series of new rules for first-time home buyers. Suggesting that during the current pe..."
"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..."
"The dollar erased yesterday’s advanced versus the euro as better than expected corporate earnings brought risk appetite back to trading markets as speculations suggested..."
"A few days ago FXDD, a large Metatrader broker, has announced that it has been granted licensing by the Malta Financial Services Authority (MFSA) to operate a Category 3 Investment Services company. M..."
"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..."
"I’m currently at the New York Traders Expo and will be speaking at 3:45 PM (Monday, Feb. 15) at the Ziegfeld Room in the Marriott Marquis Hotel, Times Square, NYC. The seminar will be on forex t..."
"Risk aversion has the dollar grinding higher, but I’d like to focus this week’s Foreign Exchange Insights essay on the longer term prognosis.
During the first 25 years of flexible exchange..."
"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..."
"Currency markets operate in funny ways. Greece’s fiscal problems are hardly a new development. During years of boom and bust alike, it ran unsustainable budget deficits. Why investors have decid..."
"Spain – Europe’s fifth largest economy – failed to escape recession, shrinking another 0.1 percent in the final quarter of 2009. Gross Domestic Product (GDP) also fell by 3.1 percent..."
"Sweden’s repo rate was left at 0.25%, but officials released a statement that indicated an earlier likely first rate hike in summer or early autumn, not “autumn” as indicated previou..."
"A majority of companies in the Standard & Poor?s 500 stock index increased cash to a combined $1.19 trillion while simultaneously reducing spending, keeping a jobs recovery on hold.
Caterpillar..."
"Inflation in Switzerland accelerated in January by more than analysts had expected, indicating that the threat of deflation is fading quickly.
The consumer price index in January rose 1.0 percent from..."
"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..."
"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..."
"US Federal Reserve Chair Ben Bernanke presented a high-level plan for how the Fed will reign in stimulus spending once the policy makers are sure the recovery can sustain the withdrawal. The first mov..."
"Okay, so you?ve set up your history data and completed your backtest using Metatrader Strategy Tester. Now let?s look at the results.
There are four tabs to look through: Report, Graph, Results, and..."
"Metatrader?s Strategy Tester allows you to optimize your expert advisor to find the most profitable settings for the multitude of possible input variable combinations. You can optimize an expert advis..."
"Setting up Metatrader 4 for backtesting can be a tricky, time consuming, and a little frustrating if you aren?t entirely sure you have it all working properly. This article will guide you through the..."
"Just a reminder that I will be speaking at the New York Traders Expo being held next week at the Marriott Marquis Hotel in Times Square, New York City on February 15 and 16.
I will be giving a live se..."
"Britain’s goods trade deficit with the rest of the world unexpectedly widened to its highest in nearly a year in December, after imports from non-EU countries shot up at their fastest rate since..."
"Trade to win $50,000, Tweet to win cool prizesThe GFT Trading Challenge is in full swing. As a result, the forex blogosphere and Twitterverse are buzzing with articles, comments and tweets. So far, m..."
"Currency trading toolsOne of the things you can do to help find trends for EUR/USD in forex trading is to look at equities. The way that equities perform often correlates to how well the euro does in..."
Blog:
Global Forex BlogTidsstämpel: 2010-02-09 09:33
Taggar:
currencies,
currency,
currency trade,
currency trading,
dollar,
forex,
forex trade,
forex trading,
rate,
report,
trading
"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.
̶..."
"India’s economy is growing faster than expected with annualized rate of growth likely to hit 7.2 percent by the end of March. The robust growth will likely accelerate the government’s plan..."
"The Swiss unemployment rate rose to a non-seasonally adjusted 4.5 percent in January from 4.4 percent in the previous month, the State Secretariat for Economic Affairs said.
In seasonally adjusted te..."
"social networking to connect contestants in a unique way A worldwide online trading contest that started Sunday, Feb. 7, set new benchmarks for the extent of cash and other prizes offered, and linking..."
"In December, I posted about Ben Bernanke (Bernanke?s Background and Near-Term US Monetary Policy), specifically about how a basic understanding of Bernanke’s academic background and philosophica..."
"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..."
"Greetings forex autotraders. I’ve got news from ZuluTrade that they’ve added the popular Swiss ECN forex broker, Dukascopy, to their supported brokers list. I for one believe this is exce..."
"Kudos to anyone who correctly identifies that reference. But seriously, in light of the proposed changes in forex regulation that have generated a heated response on this blog and elsewhere, I want to..."
"The US Labor Department announced that the Non-Farm Payroll report for January, indicates that the number of employed Americans rose by 541,000. The increase lowered the unemployment rate to 9.7 perce..."
"Statistics Canada says the country’s unemployment rate fell slightly to 8.3 per cent last month as the economy added 43,000 jobs in January. As a result of the added jobs, Canada’s unemplo..."
"The Canadian dollar gained 0.1 percent on its US counterpart by 7:15 a.m. in Toronto on Friday to C$1.0730 from C$1.0744 yesterday. The loonie receive a boost on a jobs report from Statistics Canada s..."
"Currensee, world’s first Forex social network, has made a couple of interesting additions to its platform. First is the addition of Thomson Reuters widgets which you can purchase with Currensee..."
"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 ECB Governing Council left its rate structure unchanged and deferred new details on the gradual phasing-out of unconventional liquidity enhancements to the March press conference. Since May..."
"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..."
"It?s the ?hurry up and wait? mentality for tomorrows NFP release that will have many traders lightening positions today. This morning will be a non-event for rate decisions from both the BOE and ECB..."
"U.S. dollar gains against sterling, euro in forex tradingThe U.S. dollar is gaining against the sterling and the euro in forex trading today. High beta currencies are losing out as risk aversion rises..."
Blog:
Global Forex BlogTidsstämpel: 2010-02-04 09:18
Taggar:
bull,
currencies,
currency,
currency trading,
dollar,
forex,
forex trading,
market,
point,
rate,
trading
"EUR/USD lower in currency tradingThe euro forex trading forecast shows the likelihood of a long struggle. EUR/USD is reaching multi-month lows as risk aversion sets in, and as economic realities in th..."
"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..."
"After rising since the beginning of this week, the EUR/USD currency pair dropped today as risk aversion returned to markets, making investors to opt for the saf..."
"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..."
"Euro lower in forex trading against the U.S. dollarGreece has announced a reform package that includes higher taxes in order to try and get the country back on the right track fiscally. Euro zone lead..."
"I was on CNBC Europe this morning talking about Volcker’s speech today and outlook for ECB and BoE rate decisions
"
"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..."
"Liquidation with a purpose has certainly given long AUD positions a headache. The surprise non-move by the RBA last night has side swiped nearly all analysts. Governor Stevens wants to experience the..."
"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..."
"Although the pace of manufacturing activity accelerated in January in both Euroland and the United States and outperformed expectations in each case, the improvement was considerably more dramatic in..."
"Futures market pricing indicates a 71 per cent chance that the RBA will increase the official cash rate by 25 basis points to 4 per cent when the board meets in Sydney today, for the first time this y..."
"The dollar gained 0.7% against sterling and 0.5% relative to the Australian dollar overnight. Other dollar rates have moved only marginally, with 0.1% upticks against the New Zealand and Canadia..."
"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..."
"Unemployment in the Eurozone rose to 10 percent in December, the highest rate since the region was first established in 1999 when the single Euro currency was introduced. The total number of unemploye..."
"Over the past few trading days, the British pound has been confined to a very tight trading range. The following chart illustrates the predicament that GBP/USD traders find themselves in right now an..."
"The EUR/USD continued its losing streak today despite worse-than-expected data published in the United States. The dollar declined versus most of the main traded currenci..."
"The euro traded for the first time in 2010 below $1.40 as the Federal Reserve stated on its interest rates decision report today that the multiple economic sect..."
"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..."
"The latest Forex broker that I’ve added to my site today is Vantage FX. It’s a white label partner of another Australian broker — GOMarkets. It’s..."
"The September issue of Currency Trader Magazine was released today. Some of the highlights include:
A look at an advanced carry trade strategy involving the Swiss Franc.
The CFTC gains jurisdiction..."
"I have never traded a forex strategy live using any advanced automated methods. At the most, I’ve placed a limit order. Most, if not all of my experience has been with expert advisor..."
"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..."
"I havent't recently updated this blog because, i am currently more focused on Stock Market, and system for sports betting which i recently created. When i will finish it, i wil give you link to this s..."
Blog:
Forex JornualTidsstämpel: 2008-01-03 10:14
Taggar:
forex,
forex market,
forex trading,
indicators,
long position,
market,
point,
profit,
rate,
short position,
stop loss,
take profit,
trading
"I know that: "How to detect trend reversal?" maybe a thought question with very complex answer but I will try to make my take on it, and keep it very simple and understandable. So let?s get starte..."
"If you find out that you make trades to early and before price starts moving in your direction the stop loss is already hit. The source of this problem is you are probably using to big timeframe. Don?..."
"I am happy to announce you that my blog was chosen as one of the top 25 forex blogs on the net! Here is the permalink to the site that awarded my blog www.forexreader.comMy blog is placed as number 12..."