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.
"Most analysts had assumed a third Officials Cash Rate cut this month, and they were instead faked out. In a statement from Governor Glenn Stevens, the present 4.25% official cash rate level (OCR..."
"The Swiss National Bank (SNB) will enforce its minimum rate of 1.2 Swiss francs per euro and is ready to buy unlimited amounts of foreign currency in any global interbank market?, said interim presid..."
"India?s economy will grow at its slowest rate in three years in the fiscal year ending in March, according to an outlook released on Tuesday by the government?s central statistics office.
The office r..."
"Market surprises seem to be coming in three’s this morning. EUR is still in demand and is beginning to encroach on price tipping points that has more than a few weaker shorts worried. Last night..."
"Currency trading with the Australian dollarThe Aussie has found a support level in forex trading against the US dollar today. Aussie is a little bit higher today, thanks to the latest news out of Aust..."
Blog:
Global Forex BlogTidsstämpel: 2012-02-07 09:44
Taggar:
aussie,
currencies,
currency,
currency pair,
currency trading,
dollar,
forex,
forex market,
forex trade,
forex trading,
market,
rate,
trading
"It’s interesting to see FXstreet exercising horizontal expansion by capturing small-medium forex websites looking for someone to manage their advertising inventories. FXstreet started this by pa..."
"Analysts? employment expectations were blown out of the water on Friday. NFP produced a stellar report, creating +243k new jobs, pushing the unemployment rate down two ticks to +8.3%. Risk has been qu..."
"London takes charge of over 30% of the worlds Foreign Exchange Trading. Strategically located between Asia, Europe and the Americas its an ideal location for global business transactions. Since the NF..."
"EUR/USD was rising today, but sank after US nonfarm payrolls came out better than was predicted and unemployment rate unexpectedly decreased. Service industry also showed positive tendencies. On&..."
"Friday’s Non-Farm Payroll indicates that 243,000 jobs were added in January marking the greatest single-month gain since last April. The influx helped lower the national unemployment rate to 8.3..."
"Greenback in currency tradingUS economic data has crushed estimates and the first news is sending the US dollar higher in forex trading. Indeed, the news that the unemployment rate has fallen to 8.3%..."
Blog:
Global Forex BlogTidsstämpel: 2012-02-03 09:44
Taggar:
currency,
currency trading,
dollar,
economy,
employment,
forex,
forex trading,
gold,
point,
profit,
rate,
trading
"Speaking before the House Budget Committee in Washington today, Federal Reserve Chairman Ben Bernanke said that the U.S. economy appeared to be gaining in strength.
?Fortunately, over the past few mon..."
"The two-week repo rate has been pinned at 0.75% since a 25-basis point cut twenty months ago culminated an eight-move easing that also included 150 bps of cuts in 2008 and 125 bps of cuts in 2009...."
"Romanian monetary authorities implemented a twelfth interest rate cut as a majority of forecasters expected, reducing the main policy rate by 25 basis points to a cyclical low for the move of 5.5%...."
"Focus on other data, and risk aversion, in the FX marketInitial jobless claims fell last week, but the news isn't spurring risk appetite. Instead, forex traders are focusing on other news right now. C..."
Blog:
Global Forex BlogTidsstämpel: 2012-02-02 10:46
Taggar:
currencies,
dollar,
forex,
forex trade,
forex trading,
fx market,
gold,
market,
oil,
pound,
rate,
trading
"Focus on other data, and risk aversion, in the FX marketInitial jobless claims fell last week, but the news isn't spurring risk appetite. Instead, forex traders are focusing on other news right now. C..."
Blog:
Global Forex BlogTidsstämpel: 2012-02-02 10:24
Taggar:
currencies,
dollar,
forex,
forex trade,
forex trading,
fx market,
gold,
market,
oil,
pound,
rate,
trading
"The U.S. purchasing managers index rose a full point to 54.1 last month, connoting a relative robust rate of expansion. Meanwhile, the euro zone’s PMI improved twice as fast from a Decembe..."
"The world?s largest central banks continue to follow a low interest rate policy first implemented to deal with the 2008 recession. The argument for adopting the record-low rate was that deep cuts to t..."
"The recent downgrade to sovereign credit ratings for several of the Eurozone countries is just the latest challenge to befall the 17-member group of countries sharing the Euro. A total of nine countri..."
"The December unemployment rate for the 17-member countries comprising the Eurozone rose to the highest level since the Euro was introduced in 1999. For the month of December, the rate for the entire r..."
"Dukascopy Fundamental Analysis
EUR
Jobless rate in Germany declined more than expected in January, reaching 20-year record low. The number of unemployed people fell by 34 000, reaching 2.85 million..."
"Canadian real GDP edged 0.1% lower in November. This compares adversely with analyst forecasts of a 0.2-0.3% increase and left output in November only 0.7% above that in August expressed at an a..."
"Unemployment in the Eurozone region rose to a record 10.4 percent in December of last year. Spain was the hardest hit of the 17 countries at 22.9 percent unemployment while Austria has the lowest unem..."
"It’s been already 8 months since the last of four Malaysian post-Great Recession interest rate hikes. The Monetary Policy Committee at Bank Negara Malaysia again left its overnight policy..."
"Analysts were not expecting another monetary tightening until next month, but the 7-person Monetary Board of the Central Bank of Colombia just announced a 25-basis point increase of its overnight benc..."
"markets.com which has been pretty aggressive in terms of broker acquisitions (Finexo and ForexYard to name a few) is now making a step into the technology arena by acquiring certain key assets and emp..."
"Other regional data and policy innovation has mostly been positive for the Asian region this week. The Fed?s surprise extension of its commitment not to raise US rates for another 18-month?s, until la..."
"Despite expanding at the fastest rate in over a year, U.S. 4th quarter growth fell short of the 3.0 percent expansion economists had predicted. Still, the 2.8 percent annualized increase was a strong..."
"EUR/USD was at the highest since December 21 as yesterday’s pledge of the Federal Reserve to keep interest rates low at a prolonged time continued to ..."
"Yesterday, the Federal Open Market Committee (FOMC) statement extended the current near-zero interest rate policy another year to the middle of 2014. The FOMC also addressed the resumption of the Fed&..."
"17-nation currency gains on risk appetiteHere comes the risk rally. Euro is heading higher in forex trading, gaining as the markets look forward to continued stimulus from the United States. Yesterday..."
"New Zealand’s 2.5% Official Cash Rate (OCR) has been retained. This continues to match the cyclical low maintained from April 2009 until June 2010. The OCR was raised by 25 basis poi..."
"The Federal Open Market Committee didn’t cut Federal funds rate because it’s already been near zero since late 2008. New quantitative easing wasn’t announced because the presen..."
"The “Exceptional” language was maintained by the FOMC after keeping rates on hold. A dovish meeting has US yields and the dollar sliding. This FOMC’s statement shows one major change..."
"Following up on a 25-basis point policy interest rate cut on November 30th, Thailand’s Monetary Policy Committee reduced such again as anticipated to 3.0% from 3.25% and released a statement tha..."
"The annual World Economic Forum in Davos opens today with a speech from German Chancellor Merkel. A PSI agreement between Greece and holders of its debt still hasn’t been reached. Th..."
"EUR/USD started today’s trading session flat and even began to head down, but rallied after a report showed declining pending home sales. The currency pair was further booste..."
"Officials at Magyar Nemzeti Bank had raised their key base rate by 50 basis points each on November 30 and December 20 and were expected to do such a third time at today’s first policy meeting o..."
"EUR/USD was down today as talks about reducing Greek debt ended in a stalemate. Private creditors demand 4 percent interest rates, while Greece asked for less than 3 percent. The&#..."
"The monetary authorities at the Central Bank of the Republic of Turkey declined to change its policy stance, which had been tightened last October to prevent second-order effects from temporarily acce..."
"Monetary officials at the Reserve Bank of India cut their cash reserve requirement to 5.5% from 6.0% but left the key 7.5% reverse repo rate and 8.5% repo rate unchanged. This combination of mov..."
"Japan’s target overnight interest rate remains in a range of zero to 0.1% and the asset purchase plan’s size remains at JPY 55 trillion. The current interest rate has remained as suc..."
"The BOJ Policy Board is holding its first meeting of 2012, a 2-day deliberation that concludes Tuesday. The target for the overnight uncollateralized money rate will be reaffirmed unanimously at..."
"No central bank was quicker than Israel’s in raising interest rates after the Great Recession. Having slashed such from 4.25% to 0.5% during the downturn, the Bank of Israel began the proc..."
"Policymakers at Mexico’s central bank last Friday decided to keep its key interest rate at 4.5%, the level since a cut in July 2009 culminated 375 basis points of easing implemented that year.&#..."
"It?s been a difficult week for the Euro ?bears?; you get downgraded, receive some suspect economic data and fail to agree on a ?haircut,? yet the currency appreciates +150pts from this years lows and..."
"US data is beginning to highlight the disconnect between the US and the Euro-zone. As FX traders hone their Fixed Income (FI) skills with the Euro sovereign debt issues, even they must sympathize with..."
"Central bank interest rate policy meetings are scheduled next week in the United States, Japan, India, New Zealand, Malaysia, Turkey, Hungary, and Thailand. The FOMC announcement on Wednesday wi..."
"U.S. inflation is benign. Total U.S. consumer prices slid 0.4% at an annualized rate in the final quarter of 2011, cutting on-year inflation to 3.0% in December from 3.9% in September. Cor..."
"A statement from the South African Reserve Bank’s Monetary Policy Committee left its repurchase rate at 5.5%, as it had done at its six previous meetings. There has not yet been any rate h..."
"The Monetary Board at Bangko Sentral ng Pilipinas cut its key overnight borrowing and lending rates by 25 basis points to 4.25% and 6.25%, respectively. A statement from central bank officials f..."
"Banks continue to borrow from the ECBRecently, the ECB announced a special borrowing program, allowing banks to borrow from the central bank for three years at special interest rates. The idea is help..."
"Copom, the policymaking committee of the Bank of Brazil, cut the Selic central bank interest rate by 50 basis points to 10.5%. This unanimously decided move follows similar half-percentage point..."
"The quarterly Monetary Policy Report (MPR) released today reiterates points made in yesterday’s announcement of an unchanged 1.0% overnight money rate target such as 1) projected GDP growth of 2..."
"Warning of an increased likelihood for a worsening of the Eurozone debt crisis, the World Bank today announced it was scaling back its earlier growth predictions for the largest economies. In its repo..."
"Dukascopy Fundamental Analysis
EUR
“We think the ECB could bring rates as low as 0.5 percent in March”
- Fabio Fois, an economist at Barclay’s Capital
Eurozone inflation eased more..."
"Canada’s 1.0% overnight money rate target since September 2010 was left unchanged again as analysts expected. In the new statement, policymakers reiterated that "there is considerable..."
"A greater-than-expected decline in consumer prices in the Eurozone for the month of December has given rise to an increase in speculation for further interest rate cuts. Inflation in the 17 countries..."
"Just like Boston Technologies announced FSA license for its Boston Prime prime brokerage two weeks ago so just did Leverate with a CySec license. We announced that Leverate is abo..."
"Just like Boston Technologies announced FSA license for its Boston Prime prime brokerage two weeks ago so just did Leverate with a CySec license. We announced that Leverate is about to obtain such a l..."
"Just like Boston Technologies announced FSA license for its Boston Prime prime brokerage two weeks ago so just did Leverate with a CySec license. We announced that Leverate is about to obtain such a l..."
"Taking losses in an imminent part of Forex trading process. Some traders seek the no-loss strategies (including omitting the stop-loss), but such attempts are rarely successfu..."
"Dukascopy Fundamental Analysis
EUR
“According to some recent survey indicators, there are tentative signs of stabilization of economic activity at low levels”
- Mario Draghi, the ECB pres..."
"All dealers can talk about is the limited upside of the single currency and that the risk reward favors shorting the EUR. Analysts have been revising their first quarter and year end projections down..."
"By Sam Mattera
Benzinga Guest Writer
On Thursday, the European Central Bank opted to keep its key interest rate unchanged at 1%. The EUR/USD pair rallied, breaking above $1.28 in early trading.
In a s..."
"EUR/USD jumped to the highest level this week today after European Central Bank kept its main interest rate unchanged at 1.0% (event A on the chart) and ECB Presiden..."
"In this month’s statement, monetary officials asserted that a 6.0% key interest rate would promote economic growth of some 6.5% this quarter and 6.3-6.7% in 2012 yet also be consistent with the..."
"British monetary policy settings were not changed, nor were they expected to be. The Bank rate has been at 0.5%, since it was halved 34 months ago in March 2012. The ceiling on the asset p..."
"The EUR?s low (1.2663) print of yesterday is but a distant memory in this monotonous trading range. Especially after this mornings successfully strong Spanish bond and Italian bill auction. Until know..."
"The Sri Lankan repo rate of 7.0%, which was last reduced a year ago, has been retained for another month. That country’s Monetary Board implemented rate reductions from a mid-2009 high of..."
"Opinions are mixed over whether ECB policy will be eased for a third consecutive month in January, but the majority view, partly because there were some dissenters against the rate cut in December, lo..."
"European currency markets are range bound with investors weighing up decent European data and mixed economic news, along with the prospect of key, market moving developments tomorrow including soverei..."
"Gold prices slightly higher in commodities tradingNormally, gold prices move inversely to the US dollar, but sometimes the two move in tandem if risk aversion is a factor, since both can be considered..."
"Peter Lavelle at foreign currency exchange broker Pure FX
10.01.2012
Is the upcoming EU summit on Jan 30th set to revive the fortunes of the ailing euro?
Nicholas Sarkozy and Angela Merkel certainly..."
"The New Year has begun and it is important to see what the market is pricing in for central banks this year. As you may know, central bank rate hike expectations change often but as of last week, mos..."
"French President Sarkozy and German Chancellor Merkel are holding talks today in Berlin. A fair number of European economic statistics were released. Governments in Spain, Italy, and Greec..."
"by Jack Crooks
Saturday, January 7, 2012 at 7:30am
President Obama got some good news yesterday morning: The U.S. unemployment rate fell to 8.5 percent from 8.7 percent. Imagine, though, the bragging..."
"Next week begins with a Japanese closure for Coming of Age Day and ends with an early U.S. closure ahead of the Martin Luther King Day holiday. The ECB, Bank of England, Bank Indonesia, and Nati..."
"It?s been a big week for the EUR with negative sentiment gathering momentum on last years currency play. The market has managed to penetrate the EUR?s 16-month low allowing technical analysts, who are..."
"The ?big? dollar remains the go to currency. The market seems to be shifting away from wanting to own it solely as a risk aversion strategy, to one where the buck is being used as an investment curren..."
"Finance Minister Azumi says Japan is closely watching the EUR?s decline versus the Yen. Currently, the market is seeing more Yen intervention dangers if the declines accelerate much further. Today?s m..."
"The U.S. jobs figures were better than expected, while Canada’s statistics fell a bit shy of forecasts. U.S. unemployment of 8.5% was down from an upwardly revised 8.7% in November, 9.1% in mid-..."
"EUR/USD dropped today as US employment growth was bigger than forecast and the unemployment rate provided a pleasant surprise, falling last month. It looks like the major conc..."
"200,000 jobs were added to the U.S. economy in December pushing the unemployment rate to 8.5 percent to reach the lowest rate in almost three years.
The 200,000 increase followed a revised 100,000 ris..."
"Dukascopy Fundamental Analysis
EUR
“It?s the first French auction of the year and it has broadly gone as expected”
- Peter Goves, a fixed-income strategist at Citigroup Inc
French long-te..."
"Debt crisis concerns continue to weigh on the 17-nation currencyEuro continues to struggle in forex trading today as debt crisis concerns weigh on sentiment. Yesterday's failed French bond auction is..."
"The National Bank of Romania Board members have sliced the monetary policy reference rate to 5.75% from 6.0% but left reserve requirements unchanged. This second reduction following a similar 25..."
"Dukascopy Fundamental Analysis
EUR
“Euro-zone inflation has now passed its peak and is likely to fall further in the coming months”
- Nick Kounis, head of macro research at ABN Amro
Infla..."
"Europe?s single currency is almost certain to disintegrate within the next decade, the CEBR has predicted, with Greece and Italy potentially abandoning the euro this year?or so this article says (The..."
"The latest release from Eurostat – the European Union’s Statistics Office – suggests inflation eased slightly in December from the 3.0 percent recorded for the same month one year pr..."
"The Eurozone received a little positive news for a change today when it was announced that Germany’s unemployment rate fell to the lowest level since 1991. For December, unemployment fell from N..."
"Dukascopy Fundamental Analysis
EUR
“Spain is currently benefiting from the perception among investors that its problems are less severe than Italy?s”
- Nicholas Spiro, managing director o..."
"In the final month of 2011, long-term interest rates fell sharply, the dollar mostly rose, and share prices were mostly mixed. Gold prices dived 10.3%, and West Texas Intermediate crude oil pric..."
"Most markets throughout the world will be closed Monday, January 2nd to observe the New Year’s holiday, and Japan stays closed on Tuesday as well. The Czech and Romanian central banks will..."
"Dukascopy Fundamental Analysis
EUR
Greece faced a decline in the retail sales in October, according to official data. The retail sales decreased by 10.8% in October on an annual basis after declining..."
"Officials at the Central Bank of the Republic of China retained a 1.875% ten-day discount rate after the latest quarterly policy review. Note was made of the constraining effects of Europe’..."
"The European Central Bank has more room to cut interest rates to a record low early next year after reports showed the sovereign debt crisis is damping inflation pressures.
The rate of growth in M3 mo..."
"Dukascopy Fundamental Analysis
EUR
“I expect further cheapening of [Italian] bonds”
- Alessandro Giansanti, rate strategist at ING
Italian government bonds fell on Tuesday, pushing three-..."
"Industrial production sank 2.6% last month, over three times more than forecast. Output was 4.0% lower than a year earlier, and the inventory/shipments ratio dropped by 1.7%. As in Septemb..."
"The Russian refinancing rate was cut to 8.0% from 8.25% on Friday. 2011 had begun with the central bank in tightening mode when 25-bp increases in the benchmark interest rate were implemen..."
"Dukascopy Fundamental Analysis
EUR
France’s economy expanded by 0.3% in Q3 as compared to 0.4% previously estimated. The disposable income also decelerated, reported France’s Insee statis..."
"Officials at Turkey?s central bank left all policy settings unchanged including the 5.75% one-week repo rate. A statement released today presents a mixed set of objectives and gives little clue..."
"EUR/USD spiked upwardly today, but retreated as the positive fundamental reports from the United States increased attractiveness of the dollar. The decreasing unemploymen..."
"Third quarter growth for the U.S. economy as measured by Gross Domestic Product was less than expected during the third quarter. Gross domestic product climbed at a 1.8 percent annual rate from July t..."
"Last week’s new claims for unemployment benefits touched a 3 1/2 year low with a seasonally-adjusted 364,000 claims. The claims data, which covered the survey period for nonfarm payrolls, helped..."
"Currency traders look to many indicators in an attempt to form a view for future exchange rate movements. These usually include GDP and employment rates together with other factors providing feedback..."
"The two-week Czech repo rate, 0.75% since May 2010, has been left unchanged after the final policy meeting of 2011. The result was as expected. A statement on the central bank web site spe..."
"After meeting of five hours and 43 minutes over two day in its last scheduled policy vote of 2011, the Bank of Japan Policy Board decided unanimously (9-0) to keep the overnight uncollateralized money..."
"Whereas on-year total U.S. consumer price inflation in November of 3.4% was a half percentage point above the Canadian pace of 2.9%, those neighboring North American economies had similar underlying o..."
"In response to heightened investor perceptions of Hungarian country risk, the Magyar Nemzeti’s base rate has been raised by 50 basis points for the second time in three weeks. Previous inc..."
"Sweden’s repo rate has been reduced to 1.75% from 2.0% in a move that analysts anticipated. Seven previous rate increases of 25 basis points apiece had been implemented in June, September..."
"Housing starts surged to a 1-1/2 year high in November and permits for future construction were the highest since March 2010 as demand for rental apartments rose, offering hope for the weak housing ma..."
"EUR/USD jumped today after the German business climate unexpectedly improved this month (Event A on the chart) and the Spanish bill auction ended with a good outcome..."
"The EUR certainly hogged most of the headline last week. It seems investors appear most bullish on the USD and JPY and overwhelmingly bearish on the EUR and AUD. US data continues to pleasantly surpri..."
"Trading forecast for gold pricesRight now, gold prices are just above $1,600 an ounce, as investors watch Europe, and process the death of Kim Jong Il. Gold prices have fallen significantly in recent..."
"The EUR certainly hogged most of the headline this week. It seems investors appear most bullish on the USD and JPY and overwhelmingly bearish on the EUR and AUD. US data continues to pleasantly surpri..."
"The Reserve Bank of India (RBI) left its monetary policy settings unchanged. The repo (lending) rate and reverse repo (borrowing) rate stayed at 8.5% and 7.5%, and the reserve requirement ratio..."
"Speaking about downside risks stemming from Europe and predicting that Colombian CPI inflation will fall below 4% this year on a December-over-December basis, the authorities at the Central Bank of th..."
"The latest infographic released by OANDA is a ?tongue-in-cheek? look at the relative health for the world?s major currencies. Using some of the indicators that typically have the most impact on exchan..."
"The Swissie rose against the euro today when Swiss National Bank officials did not change the currency’s minimum exchange rate of 1.2 per euro following a scheduled quarterly review of monetary..."
"At the quarterly monetary policy review, the Swiss National Bank did not adopt a weaker franc/euro ceiling rate but instead retained the 1.2000 level, which has been policy since September 6. Th..."
"Greenback in currency tradingThe US dollar is dropping today in currency trading on the FX market as traders find some optimism. Indeed, many traders are becoming more optimistic as jobless claims fal..."
Blog:
Global Forex BlogTidsstämpel: 2011-12-15 11:31
Taggar:
currency,
currency trading,
dollar,
economy,
forex,
forex trade,
forex trading,
fx market,
market,
rate,
trading
"Yuan likely to continue to appreciate at a slow paceChina is providing indications that it is ready to allow growth in the country next year. Throughout 2011, China tightened rates and reserve require..."
"Unlike their Brazilian counterparts, members of the Chilean Central Bank Policy Board have not yet cut their benchmark interest rate, which remains at 5.25% after the latest monthly meeting. Tha..."
"Hong Kong has a currency stability policy rather than an independent domestic interest rate policy. The enforcement of this goal, which the HKMA explains as below on its web site, is aided by th..."
"The Norges Bank overnight deposit rate has been sliced 50 basis points to 1.75%. After the prior meeting in mid-October, officials on the Executive Board had predicted no changes “for some..."
"U.S. retail sales rose less than expected in November registering a 0.2 percent increase versus an expected 0.6 percent gain. November’s result was the weakest in five months.
?Sales are growing..."
"Could the Fed raise rates before the middle of 2013?Recently, Fed chair Ben Bernanke has said that rates are likely to remain at the current level until the second half of 2013. However, this may no l..."
"The euro fell to $1.310 by 2:30 pm in New York on Monday and continues to be assailed on two fronts. Investors clearly remain unmoved by the outcome of the weekend summit meeting and this has money le..."
"This week was supposed to be an historic week for the EUR. It?s actually ending on a whimper. The ECB cut rates and delivered more significant measures to improve bank funding conditions. However, the..."
"Anyone disappointed in how the Euro summit concluded, giving us a rather underwhelming result, must have taken heart in China?s fund announcement. Is the ?Red Knight? coming to global Capital Markets..."
"With China’s Industrial Production Index falling to its slowest rate in two years, inflation has also declined coming in at 4.2 percent in November from 5.5 percent the previous month. The outlo..."
"EUR/USD slumped today as European Central Bank President Mario Draghi said that the central bank isn’t going to buy bonds to support the European economy. The ECB d..."
"The good news was a rate cut of 25 basis points, downwardly revised forecasts of inflation, and a number of unconventional measure modifications to facilitate the transmission of policy. The ECB..."
"The European Central Bank cut interest rates by a quarter of a point on Thursday to counter the twin threats of recession and deflation in the euro zone, and is expected to unveil fresh measures to he..."
"The Monetary Policy Committee launched a new GBP 75 billion round of long-term asset purchases in October 2011 that will not be completed until late January 2012. The 0.5% Bank Rate level since..."
"Bank Indonesia’s reference interest rate was left at 6.0% after this month’s policy meeting. Such was reduced by 25 basis points in October and 50 bps last month, and it is now lower than..."
"Analysts are projecting a likely ECB rate cut at 12:45 GMT. Just in from the Bank of England is confirmation of no change in its monetary policy settings of a 0.5% Bank Rate and a GBP 275 billio..."
"US dollar higher in forex tradingInitial jobless claims have dropped dramatically to 381,000 for last week. The news, though, has been largely overlooked due to the drama that is, once again, playing..."
"Pound slips on risk aversionThe Bank of England is keeping interest rates steady. It made its announcement as the European Central Bank announced that it cut rates to 1%. Earlier, the pound retained t..."
Blog:
Global Forex BlogTidsstämpel: 2011-12-08 09:37
Taggar:
announcement,
bank,
currencies,
currency,
currency trading,
dollar,
forex,
forex trading,
market,
pound,
rate,
trading
"Bank of Korean monetary policy was left unchanged as expected. Five previous rate hikes of 25 basis points apiece were implemented, but none of these came after June. A new statement on th..."
"For the sixth meeting in a row, monetary officials in New Zealand left the OCR at 2.5%, which matches the Great Recession low. Seven cuts between July 2008 and April 2009 slashed the Official Ca..."
"The stage seems set for a reduced refinancing rate of 1.0%. The announcement of this second straight 25-basis point rate cut will be made at 12:45 GMT on Thursday and would return such to the cy..."
"At the Narodowy Bank, the Monetary Policy Council decided to leave its reference interest rate unchanged for the fifth straight meeting. A 25-basis point hike in early June to 4.5% culminated a..."
"Sedlabanki’s benchmark seven-day collateralized lending rate was left at 4.75%. Two 25-basis point increases were implemented after policy meetings on May 17 and November 2, while fifteen..."
"Investors are marking time with guarded optimism that the ECB will cut rates tomorrow and that the EU summit will produce substantive policy changes. The Greek parliament approved an austerity b..."
"Governor Carney did what was expected and kept Canadian rates on hold (+1%) this morning. The accompanying statement was a tad surprising, less dovish than expected. The fact that the Bank mentioned t..."
"The OCR was cut by 25 basis points for the second consecutive month. Fifty of a total 175 bps of tightening between October 2009 and November 2010 have now been reversed. A statement from..."
"By Paul Quintaro
The ISM Non-Manufacturing Composite for the month of November printed at 52.0 Monday, down from the prior reading of 52.9 and well below expectations of 53.8. The reading is a broad-b..."
"Is it a real surprise that a Credit agency, again, hogs the limelight? Is it a motivational strategy? Do Euro-member leaders require that extra pressure to get the ?job? done? It?s interesting that S..."
"Loonie surges as Bank of Canada leaves ratesThe Bank of Canada has announced that it is leaving its interest rate unchanged. The news is giving a boost to the loonie in currency trading, especially ag..."
Blog:
Global Forex BlogTidsstämpel: 2011-12-06 10:44
Taggar:
bank,
currency,
currency trading,
dollar,
economy,
forex,
forex market,
forex trade,
loonie,
market,
oil,
rate,
trading
"In response to pressure from Wall Street, the White House and central banks in Europe, the Federal Reserve last week drastically cut interest rates for currency swaps to benefit troubled European ban..."
"The overnight Mexican interbank rate was kept at 4.5% after last Friday’s central bank monetary policy meeting. That’s been its level since 375 basis points of reduction were impleme..."
"The latest HSBC Purchasing Manager’s Index showed that China’s services sector continued to slow during November recording the slowest rate of growth in the last three months. The index su..."
"Markets have been trying to add risk as the hangover effect from central bank actions earlier in the week remains. However, it’s a rather tenuous relationship with next weeks Euro-event risk on..."
"North American employment reports came, we saw and they have been trying to conquer the risk trade ever since. It certainly was a mixed bag of data to end ?this? of all weeks on. Canada did a U-turn..."
"EUR/USD continued to rise today, but the currency pair relinquished part of its gains after the US unemployment rate unexpectedly dropped last month. The positive market senti..."
"The U.S. unemployment rate fell to 8.6 percent in November as the economy added 120,000 jobs to the workforce. Adding to the robust results was a revision of the September and October Non-Farm Payroll..."
"The U.S. economy added 120,000 jobs during the month of November as the unemployment rate fell to a two and a half year low of 8.6 percent. The news was well-received by the markets and provides furth..."
"The coming week is packed full with events and data releases, culminating in the summit of EU leaders on the 9th. Central bank interest rate policy meetings are scheduled in New Zealand, Austral..."
"8 technical analysis tools that give any trader an edge
By Elliott Wave International
You may have seen a TV ad where “traders” describe their strategies, and one says, &..."
"The Filipino Monetary Board left its overnight policy rate unchanged at 4.5%, which was what analysts had anticipated. Two hikes of 25 basis points were implemented in March and May of this year..."
"Just one day before the release of the Non-Farm Payroll Report and an update to the nation’s unemployment rate, comes news that the number of Americans filing for unemployment benefits rose in t..."
"Weaker global demand for China’s exports due to a slowing global economy continues to drag down China’s manufacturing totals. In November, China’s manufacturing fell to a 32-month lo..."
"Investors now see yesterday’s concerted central bank actions as the non-panacea that it was. ECB President Draghi called the move a “limited action” to ensure that monetary pol..."
"The one-day RP key central bank benchmark rate in Thailand has been cut by 25 basis points to 3.25% in a 5-2 vote with two policymakers who favored a reduction of 50 basis points. Officials cons..."
"EUR/USD surged today after the Federal Reserve and five other banks of developed nations announced their agreement to cut interest rates on dollar liquidity swaps. (Event A..."
"Many of the world’s leading central banks have signed-on to a coordinated effort to help protect the global economy from a worsening European debt crisis. The US Federal Reserve, the European Ce..."
"ActForex one of the largest independent forex platform software providers has just released its FXApps store. FXApps store operates in a similar way to Apple's App Store and can b..."
"Central banks tend to cut interest rates faster than they raise them, and Brazil’s committee of policymakers known as COPOM is no exception. During a six-month period from January 2009 to..."
"A diversity of opinion had preceded today’s meeting of policymakers on the Monetary Council of the Magyar Nemzeti Bank, and the decision to raise the two-week deposit rate to 6.5% from 6.0% matc..."
"The Bank of Israel reduced its key interest rate by 25 basis points for the second time since September 26th. Starting in August 2009 from a recessionary base of 0.50%, the rate had been raised..."
"In the US, it was a holiday shortened trading week. Thanksgiving stuck near the end of the week has created a thin post market. All the Euro toxic headline prints have created a bias towards light tr..."
"The yield on Italian bonds rose to another euro-era high today with interest on 3-year and 10-year bonds nearly doubling from a sale held late last month. The rate of interest for the new debts due to..."
"360T is an institutional multi-product platform provider. For Spot FX trading products 360T caters mostly to banks, broker dealers and others. For years 360T was just one of the s..."
"Despite the Loonie out performing its peers of late, the currency outright (1.0490), has managed to print a fresh six-week low on the back of a failed German 10-year bond auction. Demand for the offer..."
"Officials at the Central Bank of the Republic of Turkey retained a 5.75% one-week repo rate. That key benchmark of monetary policy was reduced by 1,175 basis points in the year between November..."
"German bund yields shot up 14 basis points following a technically undersubscribed auction. A result of such was to reduce peripheral bond spreads, but their long-term interest rate levels in th..."
"Dukascopy Fundamental Analysis
EUR
“[Spanish] borrowing costs are at eye-popping levels”
- Jo Tomkins, a strategist at 4Cast consultancy
Yields on Spanish government bonds rose to record..."
"There is little to be thankful for in these kinda markets. Risk aversion trading strategies are again preferred this morning. The EUR trades at a new six-week low, dragged to these levels after a disa..."
"One of the webinars that Spaeth used to solicit customers promoted a computerized forex trading system, known as Tradestar, that the webinar claimed was almost risk-free and cons..."
"As yield rates for France’s sovereign debt climbs to levels most analysts feel to be unsustainable, the country’s triple A credit rating is firmly in the sights of the major ratings agenci..."
"Real GDP growth last quarter was revised unexpectedly downward to an annualized rate of 2.0%. As a consequence, GDP expanded only 1.5% over the latest reported four quarters, and at an even slow..."
"By guest columnist Paul Quintaro
On Monday, The Economic Times reported that Chinese Vice-Premier Wang Qishan stated that China would prefer to see an “unbalanced recovery” as opposed to a..."
"Canadian Wholesale sales increased for a fifth consecutive month in September, rising 0.3% to $48.7 billion. In volume terms, wholesale sales fell 0.5% in September.
The difference between the growth..."
"It was a week of spreads. The failure of the ECB to wholly stabilize Italian, Spanish and French yields, despite political developments in Italy, had the market applying risk aversion trading strategi..."
"Stronger data in the US persists; not a trend yet, but certainly something to keep policy makers happy in this climate of Euro unpredictability. US retail sales are starting the quarter surprisingly s..."
"JPMorgan Chase & Co. said today it expected U.S. Gross Domestic Product (GDP) to rise by 3 percent in the final three months of the year compared to an earlier prediction of 2.5 percent. Other fi..."
"The announcement of the Tradestation - IBFX acquisition deal obviously generated much interest and discussions in the industry. Main question was whether indeed the price was a me..."
"Dukascopy Fundamental Analysis
EUR
Spanish cost of borrowing hit 6.974% in November as compared to 5.433% in October. High unemployment and low growth rate undermined investors’ confidence in c..."
"U.S. banks face a ?serious risk? that their creditworthiness will deteriorate if Europe?s debt crisis deepens and spreads beyond the five most-troubled nations, Fitch Ratings said.
?Unless the euro zo..."
"The striking thing about today’s report is not that lower paths for growth and inflation are projected now than in the August Report but how much more bearish in the intervening three months...."
"Sri Lankan inflation dropped to 5.1% in October from 6.4% in September and a peak in mid-2008 of 28.2%. Nonetheless, officials at the Central Bank of Sri Lanka voted to retain a 7.0% repo rate a..."
"Euro lower in forex tradingOnce again, the euro is moving lower in forex trading on the currency market. Not only are forex traders looking forward to what they expect to be two consecutive ECB rate c..."
"U.S. retail sales increased 0.5 percent, the Commerce Department said on Tuesday, after rising 1.1 percent in September. That was above economists’ expectations for a 0.3 percent rise. In a sepa..."
"Euro struggles in forex tradingEuro is struggling in forex trading as concerns about what's next for the eurozone. Sovereign debt issues continue to crop up, and it's clear that any optimism felt in t..."
"The Central Bank of Chile is better positioned than most central banks to handle a new downturn in global activity should the euro debt crisis evolve into such. That is because Chile’s cen..."
"German Chancellor Angela Merkel described Europe’s economic crisis as “perhaps the toughest hour since World War Two” in an address to her party. Merkel also expressed fears that Eur..."
"ACM Gold just announced that it opened an office in Nigeria which signals a very interesting move for this unique broker - it operates mostly through local offices and branches ra..."
"Gain Capital published summary of its Q3 2011 quarterly report few weeks ago showing a healthy increase in revenues. Few days ago Gain submitted the full report to the SEC showing..."
"Analysts will tell you that Japan is a current account surplus currency. However, with global tight yield spreads, the economy finds it difficult to recycle surpluses efficiently. How are they relievi..."
"Bank Negara Malaysia had already made four rate increases, each of 25 basis points, in March, May, July of 2010 and May of this year, but policy has been paused for the past six months. The fina..."
"The seven-day repo rate was left at 3.25% for the fifth time in a row. Five previous rate increases of 25 basis points each were implemented in July and November of 2010 and January, March and J..."
"South Africa’s benchmark interest rate was last changed a year ago when a 50-basis point reduction to 5.5% culminated a nine-step 650-bp point easing of monetary policy. A new statement to..."
"Indonesia’s reference central bank interest rate has been cut somewhat unexpectedly by 50 basis points to 6.0%. The rate was slashed by 300 basis points between December 2008 and August 20..."
"The nine-person Monetary Policy Committee, which in October raised the limit on its Asset Purchase Program to GBP 275 billion from GBP 200 billion, did not change such further and also left Britain..."
"Italy did get their Bill?s away this morning. The ECB has been working hard in the background, aggressively buying two-years, propping the market up and digging a big enough hole to get the supply bur..."
"Officials at the Narodowy Bank decided to leave their seven-day reference interest rate at 4.5% as they had decided at the previous three policy meetings and as analysts were anticipating. Four..."
"The loonie palpitations have been rather limited so far this week. The news that Berlusconi would resign after approval of austerity measures has the currency attempting to break out of its tired week..."
"It’s being reported that Lucas Papademos will be chosen to head up the Greek Unity government. With a doctorate in economics from MIT and prior experience as the Governor of the Bank of Gr..."
"Vietnam draws a lot of interest from retail forex brokers lately as it is a strong economy and a large untapped market for them. Most of them still operate there just like they op..."
"U.S. economic activity deteriorated last month in both the United States. Each region recorded a lower purchasing managers reading than in September in both manufacturing and service-sector indu..."
"A loss of 54,000 jobs in October drove the Canadian unemployment rate to 7.3 percent and has resulted in a loss of more than a cent to the U.S. dollar on early morning trading in Toronto. The loonie t..."
"Friday’s Non-Farm Payroll report rose by 80,000 in October but missed expectations for a gain of 95,000. August and September figures were revised upwards by 102,000 more jobs resulting in lower..."
"Market attention today will be split between several key data releases and the G20 scramble to stop the Greek debt bomb. Investors also continue to react to yesterday’s rate cut by the ECB..."
"In line with its semi-annual report Swissquote continues to see healthy growth in its results. Swissquote fulled merged ACM operationally and into its books and as expected it fue..."
"Policymakers did not immediately follow the ECB’s cue, leaving the CNB’s two-week repo rate at a record low of 0.75%. Eight reduction from August 2008 through May 2010 slashed the ke..."
"EUR/USD advanced today after the European Central Bank surprised markets, reducing its main interest rate (event B on the chart), and Greek Prime Minister George Papandreou cancele..."
"The main refinancing rate was cut by 25 basis points to 1.25%. Very few analysts anticipated the move, which was made at the first policy meeting led by the new president, Mario Draghi. Th..."
"The European Central Bank unexpectedly cut interest rates as Italian and Spanish borrowing costs soared after euro-area leaders raised the prospect of Greece exiting the monetary union.
ECB officials..."
"Right now it?s not about Greece, it?s about the ability to contain contagion into Italy and other sovereign states. How much help is the region going to get from the ECB this morning? Until now, polic..."
"The Sedlabanki’s seven-day collateralized rate has been increased by another 25 basis points to 4.75%. The first such move was implemented on August 17 and followed by a pause at the ensui..."
"Amid Europe’s faltering economic prognosis, a few central banks that had made post-Great Recession rate hikes have cut them, and many other central banks have paused. The National Bank of..."
"The Federal Reserve, European Central Bank and the Reserve Bank of Australia have monetary policy meetings scheduled this week and some investors expect these central banks to change monetary policy..."
"The FOMC and ECB Governing Council both meet next week, each event offering the possibility but not certainty of new stimulus. Fed Chairman Bernanke will hold a post-meeting press conference, an..."
"In the final week of October, Euroland leaders at least managed to agree on something, but the substance of the agreement left virtually all analysts still very concerned about the region. A sig..."
"Thoughts of recession in the U.S. waned slightly on news that consumer spending rose 0.6 percent in September. The mood was spoiled somewhat as incomes rose less than expected contributing to the lowe..."
"On a day that belonged to Europe, the Bank of Japan made some news of its own. The 0.0-0.1% target range for the overnight money rate was retained. Quantitative easing was expanded by another five tri..."
"After seven consecutive 25-basis point increases from June 2010 through July 2011, the Riksbank’s Executive Board left the repo rate at 2.0% after its September meeting and did the same today.&#..."
"US stocks are expected to follow the lead in Asia and Europe with significant gains likely following the announcement that a deal has been reached to address the on-going European debt crisis.
?Given..."
"Greenback weakens in forex tradingThe U.S. dollar is down across the board (after showing strength yesterday) as financial markets celebrate the eurozone deal announced earlier. The deal involves priv..."
"As with decision-makers at other central banks, the uncertainty of the euro debt crisis remains the 500-pound gorilla in the room where New Zealand monetary authorities deliberate. It has dampen..."
"The October Report contains more detailed information than was included in Tuesday’s statement following a decision to leave the Bank of Canada’s overnight target rate unchanged at 1.0%, i..."
"The Bank of Canada left its 1.0% overnight money target unchanged as expected and released a more dovish statement than it had in September and much more dovish remarks than provided in July. In..."
"The Canadian dollar gained on its U.S. counterpart on news that Canadian retail sales rose more than expected in August to gain 0.5 percent for the month. The Bank of Canada is also expected to hold i..."
"Some Key points in the Bank of Canada’s one page policy statement:
“Considerable Monetary Policy Stimulus” with rates at record low.
Economic momentum has slowed
Predicts bri..."
"Seven interest rate hikes so far in 2011 total 225 basis points and bring the levels of the repo (central bank lending) rate to 8.5% and of the reverse repo to 7.5%. The reserve requirement rati..."
"This current market movement is being fueled by ?perception and optimism? and financed by US corporate earnings and constructive news from Europe. The market recognizes that Europe has finally develop..."
"I was on the Business News Network this afternoon talking about my outlook for Canada’s rate decision tomorrow and the EU Summit outcome on Wed. Click on the picture to access the video
"
"The dollar plunged to record lows against the yen on Friday. Earlier this week, the BoJ and Japanese Government released a draft plan to tackle the currency?s strength. The measures included an expans..."
"Turkish monetary authorities essentially did a mea culpa today, taking some responsibility for hurting inflation expectations and the lira with earlier policy actions. The Central Bank of the Republic..."
"The central bank in The Philippines left its key overnight borrowing rate at 4.5% and overnight lending rate at 6.5%. Reserve requirements were kept at current levels as well. A progressiv..."
"Although expected, a second 50-basis point rate cut to 11.5% is not without controversy because inflation and credit growth now exceed their targets, expected inflation is climbing, and the labor mark..."
"EUR/USD climbed today on the speculation that European leaders will boost the European Financial Stability Facility (the rescue fund). It looks like the optimism was short-liv..."
"I will be speaking at the Chicago World Money Show this weekend. If you are in town, please come say hi at my 2 presentations. Learn the 3Ms of Forex Trading on Thurs at 2:45pm and Battle Tested For..."
"For the fourth straight time and as expected, the Norwegian Executive Board left its policy interest rate at 2.25%. Moreover, the policy bias was changed from tightening to neutral. In Jun..."
"The Bank of Thailand had previously raised its policy interest rate by 25 basis points each in July 2010, August 2010, December 2010, January 2011, March 2011, April 2011, June 2011, July 2011, and Au..."
"The Bank of England and Governor Mervyn King face a desperate dilemma ? allow the economy to continue its downward path, or attempt to boost growth through further quantitative easing. The catch of co..."
"An increase of 0.8 percent in the Producer Price Index for the month of September suggests inflationary prices in the U.S. remain a concern. Predictions for the month called for a PPI increase of only..."
"Established by top marketing and search forex executives in Cyprus Conversion Pros is the rising power in forex marketing agencies.Conversion Pros recently partnered with SpotOption..."
"Strategy Runner is a combination of an advanced charting package and a strategy exchange where a retail trader can pick from hundreds of trading strategies - mainly for the futures i..."
"It seems that FXCM marked a new frontier - to become world's premier currency rates supplier. FXCM just announced that it will stream rates on the NYSE floor and back in May 2011 it..."
"The Bank of Mexico’s key interest rate was slashed during the Great Recession from 8.25% to 4.5% and has remained at that low since July 2009. A statement on the central bank’s web s..."
"G20 finance ministers will be meeting October 15 in Paris. Central bank interest rate meetings are scheduled in Turkey, Norway, Brazil and The Philippines. The Reserve Bank of Australia an..."
"Every Forex trader wants to know how risky his strategy is and what’s the chance to lose a part of the account or the whole balance. This chance is c..."
"This basically bridges EA developers and providers on one hand and owners of resources on the other allowing a more advanced and robust EA optimization process. You can download the M..."
"The Monetary Authority of Singapore (MAS) targets the currency rather than domestic interest rates and reviews its stance twice a year in April and October. In April 2010, MAS adopted a stronger..."
"The Central Bank of Chile released a guarded statement after policymakers left steady the 5.25% benchmark interest rate, Latin America’s third highest after Brazil and Argentina. Officials..."
"Prior to the last recession, there was a sharp increase in exchange rate volatility. Fast forward three years and, once again, we are witness to another obvious uptick in currency price instability. T..."
"Minutes of the September 6-7 Bank of Japan meeting show that several board members believe more monetary easing could be necessary. There is a growing worry that should the global economy continue to..."
"South Korea’s seven-day repo rate has been at 3.25% for the past four months following two hikes in 2010 in July and November and three similar moves in the first half of 2011 in January, March..."
"The table below compares the latest U.S., euro zone, Japanese and British estimated unemployment rates and on-year percentage changes of industrial production, retail sales, real GDP, and CPI inflatio..."
"On Friday, Statistics Canada reported that the Canadian economy created an impressive 61,000 new jobs in September. The result was sufficiently positive to trim the unemployment rate to a three-year..."
"The dollar is unchanged against the yen but down by 1.8% against the kiwi, 1.7% versus the Australian dollar, 1.3% relative to the Swissie, 1.2% against the loonie, 1.1% against sterling and 1.0% vis-..."
"This is not a result for Euro 2012, but the final round, now first leg vote, to ratify the amended EFSF program, from the only country in the 17-nations that uses the currency that has yet to vote ?ye..."
"Eurozone looks for hope for sovereign debt containmentThe euro could still see more gains in forex trading on the currency market in the future. Even though Slovakia voted no on the bailout fund expan..."
Blog:
Global Forex BlogTidsstämpel: 2011-10-12 10:16
Taggar:
bank,
currency,
currency trading,
economy,
forex,
forex trade,
forex trading,
market,
rate,
spread,
trading
"The only rate increase of the current policy cycle, a 25-basis point hike last February, has been reversed to help “mitigate the impacts of declining global economic and financial performance on..."
"The Australian dollar extended its losses on concerns that the European debt crisis could worsen even after a deal to support Greece is finalized. The Australian dollar declined to 99.66 cents at 2:47..."
"A new FX brokers looking to launch fx trading is always concerned with how to attract new clients. Most wait till they are fully ready and then splash the cash on Google and banners..."
"By: John Browne
Senior Market Strategist, Euro Pacific Capital, Inc.
Last week, eurozone finance ministers postponed, yet again, the most difficult decisions on the Greek debt crisis. The assembled p..."
"U.S. markets are closed Monday for Columbus Day, but China reopens for business after a full-week closure to commemorate the founding of the People’s Republic in 1949. Central bank interest rate..."
"The BOJ Policy Board, which eased earlier this year in March and August, met over two days for six hours and one minute and did the following Retained a 0.0-0.1% target on overnight money rates as exp..."
"Following two months of little change, employment rose by 61,000 in September, all in full time. This increase pushed the unemployment rate down 0.2 percentage points to 7.1%, the lowest rate since De..."
"In the final ECB Governing Council meeting to be led by the outgoing Jean-Claude Trichet, non-unanimous votes were taken to keep interest rates steady but to add “very important” non-stand..."
"The Bank of England?s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to increase the size of its asset purc..."
"The Monetary Policy Committee (MPC) didn’t wait for next month’s quarterly inflation report to react to a worsening economic outlook. While keeping the Bank Rate steady at its histor..."
"Higher than expected Euro inflation numbers last week should prevent, the departing Trichet from overseeing an ECB rate cut this morning. The market expects policy makers to extend the provision of th..."
"Galaxy MTF, an organized multilateral trading facility (MTF) for European bonds, has received regulatory approval from the Swiss Financial Market Supervisory Authority (FINMA) to ope..."
"The Bank of England’s Monetary Policy Committee will reveal this month’s policy settings at 11:00 GMT on Thursday. In September, the vote to retain a 0.5% Bank Rate was unanimous (9-..."
"Declining oil and commodity prices pushed the Canadian dollar to its lowest point against the U.S. dollar in over a year. In the past week alone, the Canadian dollar – known as the “loonie..."
"A Eurogroup meeting scheduled for October 13 was postponed that would have approved the next EUR 8 billion loan tranche to Greece. Reaction to Greek budget overrun revelations have been understa..."
"Speculation that the European Central Bank will be forced to slash interest rates has intensified in light of the most recent manufacturing data. The Markit Purchasing Manager?s Index (PMI) shows that..."
"Today is the first trading day of the month and quarter. Many national purchasing manager surveys were published, and the Bank of Japan’s corporate quarterly Tankan survey of business was..."
"EUR/USD fluctuated today, resulting in almost no change from the opening rate at the present time. The threat of a default in Greece continues to undermine..."
"August recorded the fifth straight month of wage declines as more Americans face declining take-home pay totals. In 2010, median household incomes fell to $49,445 – the lowest level in more than..."
"Hi everyone. A while back (in this post) I introduced you all to a forex trading signals provider called Honest Forex Signals. Apparently they’ve made some big changes to their service and to c..."
"The market expects the ECB to tackle the more immediate lending freeze and leave the major changes needed to the midterm. It remains to be seen which are the options the ECB presents to increase liqui..."
"It’s been a month and quarter for the ages. Investors increasingly priced in a coming U.S. and European recession. All the dire warnings that long-term interest rates will soar becau..."
"The National Bank of Romania decided again to retain all monetary policy settings as they were. This has been the approach of other east European central banks during the euro debt crisis, and i..."
"Consumer prices in Germany according to preliminary estimates advanced 0.4% seasonally adjusted in September, and the 12-month inflation rate climbed 0.2 percentage points to 2.6%, a three-year high.&..."
"The S&P/Case-Shiller index of property values in 20 cities fell 4.4 percent from July 2010 suggesting that property prices likely fell during the month. This would be the 10th consecutive year-to..."
"The Bank of Israel surprised analysts with its first announced benchmark interest rate cut since March 2009. In eight steps during the Great Recession, the key Israeli rate was slashed by 375 ba..."
"Only pound up against greenback in currency trading todayThe U.S. dollar continues its domination today in forex trading on the currency market. Greenback is much higher in currency trading, heading u..."
Blog:
Global Forex BlogTidsstämpel: 2011-09-26 09:42
Taggar:
currencies,
currency,
currency trading,
dollar,
forex,
forex trade,
forex trading,
market,
pound,
rate,
trading
"Central banks in Israel and Romania hold interest rate policy meetings in the final week of the third calendar quarter of 2011. A couple of EMU member parliaments will be voting on the EFSF reforms, n..."
"The Canadian economy is getting hit because of its close trade and financial ties with the United States and unfavorable commodity price trends. Canadian real GDP contracted 0.4% at an annualized rate..."
"South Africa’s repo rate was left at 5.5% for now, where such has been since a 50-basis point cut in November 2010. 650 basis points of easing were administered in nine doses between Decem..."
"The two-week repo rate was left unchanged at 0.75%, its level since a 25-basis point cut in May 2010. The decision was expected and reached by unanimous vote. At the previous two meetings..."
"Global stock markets were in decline Thursday following yesterday’s statement from the Federal Reserve following its two-day policy meeting in Washington. The Fed statement said that ?significan..."
"Yesterday’s FOMC announcement citing “significant downside risks to the economic outlook” but not including more quantitative easing received a poor market reaction in the United Sta..."
"Desperate times call for desperate actions. The Fed did was expected of them. They have introduced something innovative. Bernanke and company have reverted to ?operation twist?, a program that has not..."
"The last full review by policymakers in June projected a range of 2.25% – 3.25% in its key interest rate through the subsequent big review on October 19. The rate was at 2.25% at the time..."
"Information received since the Federal Open Market Committee met in August indicates that economic growth remains slow. Recent indicators point to continuing weakness in overall labor market condition..."
"Japan?s exports failed to meet expectations in August increasing only 2.8 percent for the month compared to the 8 percent increase predicted by analysts. The weaker-than-expected showing, coupled with..."
"A shifting direction in Icelandic monetary policy had been signaled in a more hawkish statement from the Central Bank of Iceland in mid-June and acted upon with a 25-basis point increase on August 17..."
"TradoLogic, the world's leading binary options platform provider, has publicly revealed its new and improved licensee infrastructure. The fully integrated solution is offered in an a..."
"Leverate, the premium Forex broker solutions provider, announces major upgrades to their proprietary Client Reporting Interface, integrated with the MT4 Client, CRM and Risk Manageme..."
"As analysts anticipated, policymakers at the Magyar Nemzeti Bank left their two-week deposit rate at 6.0%. Conflicting forces stalemated their thinking. The growth outlook has worsened sub..."
"The Central Bank of the Republic of Turkey retained a 5.75% one-week repo rate and kept overnight lending and borrowing rates at 9% and 5%, respectively. During the Great Recession, Turkey’..."
"Further evidence of a slowing U.S. economy came today in the form of a decline in housing starts for the month of August that exceeded earlier predictions. Housing starts decreased the most since Apri..."
"RBA minutes help Australian dollar in forex tradingAussie is getting a boost today, thanks to the latest minutes released by the RBA. The latest minutes indicate that members of the council overseeing..."
Blog:
Global Forex BlogTidsstämpel: 2011-09-20 09:37
Taggar:
aussie,
currency,
currency trading,
dollar,
forex,
forex trading,
fx market,
market,
pound,
rate,
trading
"The week started on the back foot, carrying over of an imminent Greek default fear from the previous Friday. The Group of 7 came empty handed and left, promising nothing. The SNB did all the promising..."
"Interest rate policy meetings will be held next week at central banks in the United States, Norway and Czech Republic, and minutes from meetings earlier this month will be published by the Bank of Eng..."
"Central Bank Interest Rate Expectations can and do change based upon economic and market developments. The last time I provided updated CB expectations was in July (yes, I apologize for being tardy)..."
"Next week’s main anticipated event will be the FOMC meeting on Tuesday and Wednesday, but the central problem weighing on global financial market psychology continues to be the euro area’s..."
"Because of a darkening global macroeconomic outlook, many central banks have paused monetary policy regardless of their domestic circumstances. The Reserve Bank of India is not one of them. ..."
"Unlike FXCM who yesterday reported double digit volumes growth month-on-month and year-on-year Hotspot FX posted only a moderate month on month growth for August but more than impres..."
"The Chilean monetary policy rate is reassessed each month and was left unchanged for the third time in a row. Previously, such was hiked at 12 of 13 meetings from June 2010 to June 2011, seven t..."
"The dollar was on the ropes during the spring quarter of 2011, which was reflected not so much in the current account as in a combined $189.7 billion net outflow generated by portfolio and direc..."
"Currently, the market is betting on ?convinced?, Merkel and Sarkozy are convinced that Greece will remain one of its fraternity members. Papandreou looks likely to be receiving the next tranche of IMF..."
"U.S. dollar pulls back in forex tradingJobless claims in the U.S. are higher this week, increasing for yet another week in a row. Once again, this development shows what a difficult and inconsistent r..."
"Although New Zealand’s economy has been performing better than many other economies lately, policymakers at the Reserve Bank of New Zealand decided as widely anticipated to leave the Official Ca..."
"Bank Rossii cut its minimum one-day repo rate to 5.25% from 5.5% and narrowed the differential between such and the one day overnight deposit rate to 3.0% by also increasing the latter to 3.25% from 3..."
"National Development and Reform Commission Vice Chairman Zhang Xiaoqiang expanded on earlier comments in an interview earlier today. Zhang said that China is prepared to buy sovereign debt from Europe..."
"First, here’s some history. Prior to the summer of 1971 when most dollar exchange rates were fixed, a dollar was worth 360 yen. In the 1970s, Japan’s currency appreciated 50% t..."
"On September 9, the Central Reserve Bank of Peru left its reference rate unchanged at 4.25% as had been done at previous meetings in June, July and August. However, a new statement on the Bank&#..."
"On August 31, the Central Bank of Brazil become the first to cut its key rate after extensive post-recession tightening. COPOM, the bank’s policymaking authority, had slashed its key Selic..."
"The Swiss National Bank has announced a minimal level of the national currency (Swiss franc) relative to the euro almost a week ago. During these 4 and a h..."
"Australia:The Reserve Bank of Australia (RBA) kept rates on hold at +4.75% as widely expected. Reactions were muted with the AUD rates market pricing for RBA rate cuts over the next 12 months unchange..."
"The euro fell below $1.37 this morning to match a six-month low on growing speculation that the European Central Bank will reduce interest rates in the face of declining growth.
?We?ve reached a turn..."
"EUR/USD posted a biggest drop in a month today as European Central Bank President Jean-Claude Trichet said that the ECB policy makers “expect the euro area economy..."
"The Monetary Policy Board had five times earlier hiked the key central bank rate by 25 basis points, doing such in July and November of 2010 and January, March and June of this year. While expre..."
"Bangho Sentral ng Pilipinas also has put policy tightening on pause. Only a quarter of 200 basis points of ease from December 2008 to July 2009 has been reversed following hikes of 25 bps each o..."
"Indonesian monetary tightening has lagged the aggressive policy response of many other Asian central banks. Only one rate hike had been implemented, a 25 basis point increase of the key referenc..."
"On September 7, the Narodowy Bank left its key reference rate at 4.5% and released a statement indicating that four rate hikes earlier this year should be sufficient to return inflation to target of 2..."
"The Governing Council voted unanimously not to change its three key rates, a 1.5% refinancing rate flanked by a 0.75% deposit rate and a 2.25% marginal lending rate. New and lower staff macroeco..."
"The Monetary Policy Committee was probably unanimous in voting not to change its 0.5% Bank Rate. A 9-0 vote last month was the first unanimous decision on the key central bank rate since May 201..."
"When President Obama finally hits the airwaves this evening, capital markets will already be juggling with a few extra balls. Bernanke gets to front run Obama?s highly anticipated job speech, where ma..."
"The Bank of Canada left its overnight money target at 1.0%. That level, as well as a 1.25% Bank Rate and a 0.75% deposit rate, have been maintained for a year, following hikes of 25 basis points..."
"As you all probably know already, the Swiss National Bank (country’s central bank) has pegged the Swiss franc’s Forex rate to the euro at about 1.20. The ..."
"The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. The glo..."
"The Policy Board as expected announced no further policy changes after this month?s meeting. The vote was unanimous. A statement released on the central bank web site projects a moderate r..."
"The current massive overvaluation of the Swiss franc poses an acute threat to the Swiss economy and carries the risk of a deflationary development. The Swiss National Bank (SNB) is therefore aiming fo..."
"The Swiss central bank imposed a ceiling on the franc?s exchange rate for the first time in more than three decades and pledged to defend the target with the ?utmost determination.?
The Swiss National..."
"Recent event, including stock market falls, the escalating sovereign debt crises, US credit rating downgrade and a near-stalling of growth in the developed world is leading increasing numbers of exper..."
"EUR/USD was rising for almost whole trading session, but jumped after nonfarm payrolls showed that US employers virtually weren’t adding jobs last month. Unemployment rate managed to s..."
"Markets will likely be disappointed today as the Non-Farm Payroll report suggests job creation in the U.S. has stalled. After an 85,000 gain in July, August’s reading showed no increase in net n..."
"Brazilian monetary authorities unexpectedly cut the key Selic interest rate by 50 basis points to 12.0% on August 31. A statement released by COPOM, the policy committee, justified the action be..."
"New claims for U.S. unemployment benefits fell by 12,000 to 409,000 last week. It is generally accepted that a sustainable rate of job growth requires new claims to fall below a weekly average of 375..."
"EUR/USD dropped today as the comments of European Central Bank President Jean-Claude Trichet yesterday made traders believe that the ECB is going to pause its interest rates h..."
"The euro declined in trading in Europe today on growing speculation that the European Central Bank has abandoned plans to raise interest rates until the economy improves. Yesterday, ECB President Jean..."
"Australian dollar in currency tradingYesterday, the Australian dollar saw rather large gains in currency trading on the FX market, moving to highs not seen in a month. The stock market rally in the U..."
Blog:
Global Forex BlogTidsstämpel: 2011-08-30 09:28
Taggar:
aussie,
currency,
currency trading,
dollar,
forex,
forex trade,
forex trading,
fx market,
gold,
market,
rate,
trading
"On July 21st, Eurozone officials together with the International Monetary Fund agreed to provide Greece with a second bailout package. This bailout became necessary when Greece found itself unable to..."
"From a low of 0.5% prior to August 2009 when the Bank of Israel became the first central bank anywhere to tighten after the Great Recession, ten rate hikes had been implemented by May of this year...."
"As expected, policymakers at the Bank of Mexico kept their benchmark interest rate at 4.5%. A released statement noted that The external environment deteriorated significantly in recent weeks; P..."
"Federal Reserve Chairman Ben Bernanke used this years Economic Symposium to challenge Fed policymakers to ?make the difficult choices that are necessary to put the country?s fiscal house in order?. Be..."
"As Federal Reserve members continue their two-day session at Jackson Hole, Wyoming, the Commerce Department released a revised growth figure for the U.S. economy for the second quarter. The revised fi..."
"Bigger Punch Irene or Bernanke?
Bernanke is unlikely to announce any new easing initiatives at todays ?market hyped? gathering in Jackson Hole. Dallas Fed Fisher has already stated this week that the..."
"Spooked by S&P’s downgrade of American debt, France has raised corporate taxes as well as the wealthy in an attempt to close France’s budget gap. The move follows earlier government a..."
"The Bank of Thailand raised the one-day bond repurchase rate to 3.5% from 3.25% as most analysts had predicted. From a cyclical low of 1.2% prior to mid-2010, rate increases of the same magnitud..."
"Japan became the latest sovereign nation to receive a credit rating downgrade today as Moody’s Investor Services lowered its rating on government debt one level lower to Aa3. Moody’s based..."
"Yen in forex tradingJapan saw a downgrade in its credit rating, but the forex market barely registered it. Indeed, the yen is gaining in forex trading on the currency market. (Likely to the chagrin of..."
Blog:
Global Forex BlogTidsstämpel: 2011-08-24 10:27
Taggar:
announcement,
bank,
currency,
dollar,
forex,
forex market,
forex trade,
forex trading,
market,
point,
rate,
trading
"At an interim unscheduled meeting on August 4, policy makers at the Central Bank of the Republic of Turkey sliced their benchmark one-week repo rate by 50 basis points to 5.75% and narrowed the corrid..."
"Officials at the Magyar Nemzeti Bank left the two-week deposit rate at 6.0% for another month. This decision was widely expected. The interest rate benchmark has been held at that level fo..."
"Stock markets in Europe gained 1-2 percent in morning trading on growing speculation that the U.S. Federal Reserve Chairmen Ben Bernanke will announce further quantitative easing at a speech scheduled..."
"Gold prices continue to rise as investors turn to the metal for protection from plunging equity prices and fluctuating exchange rates. With so many sovereign nations facing sharply increased debts, th..."
"In the face of intensifying global uncertainties, officials at the Central Bank of Colombia retained a 4.5% key overnight interest rate. Most analysts were looking for a seventh consecutive mont..."
"On August 17, Sedlabanki’s Monetary Policy Committee authorized the first increase of its seven-day collateralized interest rate since an IMF-mandated three percentage point jump to 18% in late..."
"Loonie higher in currency tradingThe Canadian dollar is finding some support in forex trading today, after some period of weakness on the currency market. Today's cautious foray into risk is benefitin..."
Blog:
Global Forex BlogTidsstämpel: 2011-08-19 10:16
Taggar:
bank,
cpi,
currency,
currency trading,
dollar,
economy,
forex,
forex trade,
forex trading,
inflation,
loonie,
market,
oil,
rate,
trading
"EUR/USD tumbled today as inflation in the US accelerates, while concerns about the debt problems in Europe persist. US leading indicators also rose. Yet there were plenty of&#..."
"Forex traders disappointed by lack of euro peg for the francThe Swiss franc is surging again in forex trading on the currency market as concerns about the euro remain. Swiss officials' attempts to mov..."
"Japan’s economy contracted by an annualized rate of 1.3 percent in the second quarter providing further evidence that the country continues to make progress after the earthquake and tsunami earl..."
"A press report that the Swiss National Bank is seeking permission from the government for it to impose a CHF/EUR ceiling generated further depreciation in the franc, which at overnight lows of 0.8000..."
"Japanese real GDP contracted 1.3% at an annualized rate (SAAR) between 1Q and 2Q, half as much as expected and less than the drops of 2.5% in 4Q10 and 3.6% in 1Q11. Real GDP was 1.0% lower than..."
"An interesting specimen of the descending triangle pattern can be seen on the EUR/NZD H4 chart. With its top peak at 1.7769 on August 9, the pattern spans from..."
"An Icelandic interest rate policy meeting is scheduled next week in Iceland, and minutes from this month’s Australian and British policy meetings will be published. Federal Reserve officia..."
"In the face of a multi-pronged official attack on its strength, the Swissy continued to weaken overnight, touching 1.1050 per euro, 8.9% below Tuesday’s peak of 1.0071. The short selling c..."
"Like their Norwegian and South Korean counterparts earlier this week, officials at the Central Reserve Bank of Peru left their key reference rate unchanged at 4.25%, concluding that prudence would be..."
"As at other central banks, Bank of Korea monetary authorities are not able to normalize interest rates as quickly as domestic economic conditions would seem to warrant, and the reason is external risk..."
"Swiss Central Bank Vice President Thomas Jordan said in an interview that the central bank could consider a host of options to contains the franc’s recent appreciation including a temporary peg..."
"Last week Japanese officials intervened in the markets in an attempt to dampen enthusiasm for the yen ? this week the Finance Minister appears to be trying to talk investors into giving the currency a..."
"The Norges Bank, Norway’s central bank, did not raise its policy interest rate of 2.25% even though that level is “low” and the last full review in June projected the key rate would..."
"Share prices in Asia and Europe rose, relieved by the FOMC’s prediction of an exceptionally low fed funds rate until mid-2013. Apparently investors had imagined a sooner tightening than I..."
"The FOMC proved not to be up to its task. With European and U.S. leadership having struck out already, the Fed represented the final out and failed to swing at a pitch in the strike zone. ..."
"EUR/USD currency pair was slowly declining today, but jumped after the Federal Open Market Committee maintained the interest rates near zero and suggested that it may keep the exce..."
"It’s no surprise that Bank Indonesia’s key monetary policy rate will remain at 6.75% following this month’s policy meeting. Officials have shown no urgency to tighten policy, l..."
"Federal Reserve members are meeting in Washington today and Chairman Ben Bernanke is scheduled to issue a statement later today. It is expected the announcement will contain an outline on how the Fed..."
"A week of stress and duress has the market seeing red. Five compact trading days that witnessed the US?s last minute signing off on a bill to avoid debt default, sidestepping the rating agencies, to ?..."
"One day after a dramatic sell-off in the equity markets, the Labor Department announced that 117,000 jobs were created in July. This marks a gain over the last two months and while job creation still..."
"The fifth of eight scheduled Policy Board meetings in 2011 did not result in an interest rate change, which was the outcome predicted by analysts. Like the prior two meetings on May 5 and June 2..."
"Citing a slowing of the economy in the face of the sovereign debt crisis engulfing several Eurozone countries, the European Central Bank said today it will keep the benchmark lending rate at 1.5 perce..."
"After an abbreviated two hour 40 minute Policy Board meeting that had been scheduled initially to extend to two days of discussions, the nine-person committee agreed unanimously to 1) retain a zero to..."
"As is its preference when not changing policy settings, the Bank of England Monetary Policy Committee released a statement that only gives the bare facts. The Bank Rate stays at 0.5%, its level since..."
"Turkish monetary policy had been tightened in late 2010 and early this year via a mix of higher reserve requirements and a wider spread between the overnight borrowing and lending rates. After t..."
"Bank Rossii kept its refinancing rate and deposit rates steady at 8.25% and 3.5%, respectively, today. After the last meeting a month ago, there had been some speculation that officials might ti..."
"Markets anticipate no policy changes on August 4, and I agree. The Bank of England announcement comes first at 11:00 GMT and will only tell investors the bare bones of the decision, a continuing..."
"A bull market in the DOW that began from a base of 777 on August 12, 1982 culminated on January 14, 2000 when the market closed at 11723. Although those 17+ years encompassed the 22.6% crash on..."
"Policymakers at the National Bank of Romania have the somewhat conflicting objectives of anchoring expected inflation and ensuring financial market stability via ample banking liquidity. Policy..."
"In 37 years as a central banker, I cannot recall more strident language in a central bank statement than what the Swiss National Bank released today. The franc is called “massively overvalued at..."
"Calling the franc “massively overvalued at present,” Swiss monetary officials implemented a zero interest rate policy and announced other steps to flood domestic money liquidity. ..."
"The Swiss had to try something. Intervention has proven too expensive, so why not a surprise rate cut? The SNB loosening their monetary policy this morning (less than 0.25%) caught the market off-guar..."
"Euro gains in forex tradingThe next focus for forex trading is likely to be the euro zone. With the debt ceiling problem out of the way, and with economic data causing uncertainty for investors, some..."
"Following seven increases of Australia’s Official Cash Rate between October 2009 and November 2010, the OCR has been steady at 4.75%. A statement today asserted that those moves were ̶..."
"No rate hike is likely this month despite higher-than-expected consumer and producer price inflation last quarter. The Policy Board in early July had flagged the CPI results as a key guide to fu..."
"The U.S. economy grew less than forecast in the second quarter, after almost coming to a halt at the start of the year, as consumers retrenched.
Gross domestic product rose at a 1.3 percent annual rat..."
"Euro-sovereign debt fear is again dominating this mornings market. Moody?s has placed Spain?s Aa2 rating on review for a possible downgrade and has threatened to lower the ratings on four Spanish bank..."
"Bankgo Sentral Ng Pilipinas will raise reserve requirements by a whole percentage point effective August 5. This decision was not expected and matches one at the June 16 policy meeting and imple..."
"Kiwi in currency tradingThe New Zealand dollar is lower today in forex trading after expectations of a higher rate were crushed. The central bank in New Zealand decided to keep the interest rate the s..."
Blog:
Global Forex BlogTidsstämpel: 2011-07-28 09:40
Taggar:
bank,
currency,
currency trading,
dollar,
forex,
forex trade,
forex trading,
kiwi,
point,
rate,
trading
"New Zealand’s Reserve Bank kept a 2.5% Official Cash Rate but released a statement that persuaded many analysts to predict a 50-basis point rate hike at the next meeting scheduled for mid-Septem..."
"Australia’s consumer prices rose more than forecast in the second quarter as high cost of food and fuel put pressure on inflation.
Prices rose by 3.6% in the three months to the end of June from..."
"This announcement today confirms what was already published yesterday on Forex Magnates. Forex Magnates was able to confirm that few days ago Saxo Bank acquired 25% of Leverate (as o..."
"This announcement today confirms what was already published yesterday on Forex Magnates. Forex Magnates was able to confirm that few days ago Saxo Bank acquired 25% of Leverate (as o..."
"Currencies that perennially appreciated were known as “hard currencies” in the early days of floating exchange rates, and the Swiss franc was the king of the hard currencies. No othe..."
"The two-week Hungarian deposit rate has been at 6.0% since a 25-basis point hike in mid-January, which had been the third consecutive monthly hike of that same size. Policy has been paused for t..."
"India?s central bank raised its benchmark interest rate more than forecast to quell the fastest inflation among major economies, spurring a slide in stocks and gain in the rupee.
The Reserve Bank of I..."
"India’s repo and reverse repo rates were increased by 50 basis points each to 8.0% and 7.0%. The repo rate has been raised five times so far in 2011 by a combined 175 basis points. S..."
"Israel’s main central bank rate will stay at 3.25% for at least another month. It was raised from a trough of 0.5% by 75 basis points in 2009, 75 bps in 2010, and 125 bps earlier this year..."
"Hungary and New Zealand have scheduled interest rate policy meetings next week, and the Fed Beige Book gets published. The regional Federal Reserves in Richmond, Kansas City, New York and Dallas..."
"Canada’s inflation eased to an annualized rate of 3.1 percent in June compared to 3.7 percent the month before. Statistics Canada said the drop from May was due to lower prices for passenger veh..."
"Markets so far have not challenged the new EUR 109 billion EU rescue plan for Greece, which entails selective defaults, a doubling of loan maturities, and reduced lending rates. Attention now tu..."
"The table below compares purchasing managers’ survey readings in July to quarterly average readings going back to the final quarter of last years. Participants in each monthly survey are a..."
"As widely expected, officials at the South African Reserve Bank (SARB) retained their 5.5% repo rate level, which is a cyclical low. Three additional reductions last year of 50 basis points each..."
"Policymakers at the Central Bank of the Republic of Turkey had cut their key interest rate by 1175 basis points from November 2008 to November 2009. Last fall, a complicated form of tightening w..."
"European officials are meeting today in Brussels to begin discussions on solving the growing debt crisis sweeping the region. Talks will center on the details for a second bail-out for Greece while fi..."
"Euro forex trading forecastThe euro is rallying today, thanks to the announcement of a plan to rescue Greece. Additionally, measures for supporting Ireland and Portugal have been included. The news ha..."
"The 38-page quarterly Monetary Policy Report retains a mid-2012 target date for the restoration of full capacity in Canada, presents only marginally modified price and growth projections, declares med..."
"The Bank of Brazil’s monetary policy committee, COPOM, sanctioned a fourth consecutive and seventh overall Selic rate hike, the size of which was an as-expected 25 basis points to 12.50%. ..."
"The central bank interest rate structure, a 1.0% overnight money target flanked by a 1.25% Bank Rate and a 0.75% deposit rate, will be kept at least until the next scheduled policy announcement on Sep..."
"The Bank of Canada has left the key overnight interest rate unchanged at one per cent amid slower than expected U.S. growth, but acknowledged that it will “eventually” have to go higher. E..."
"Canadian dollar gains on expectation of higher interest ratesThe Bank of Canada kept interest rates steady again, but the announcement accompanying the decision indicated that things could change in t..."
Blog:
Global Forex BlogTidsstämpel: 2011-07-19 10:06
Taggar:
announcement,
bank,
currencies,
currency,
currency trading,
dollar,
forex,
forex trade,
forex trading,
fx market,
loonie,
market,
rate,
trading
"The Bank of Canada will most likely announce at 13:00 GMT Tuesday a decision not to raise its 1.0% overnight money rate target, which has been at 1.0% since early September 2010 following three consec..."
"Washington, D.C., July 15, 2011 ? The Securities and Exchange Commission filed fraud charges Thursday against the CEO of a purported foreign currency trading firm, alleging he scammed hun..."
"Central Bank interest rate policy meetings are scheduled next week in Canada, Turkey and South Africa. The Bank of England and Reserve Bank of Australia will publish minutes from their respectiv..."
"What's Next for U.S. Interest Rates? Congressional Republicans may be standing against increasing taxes for the wealthy in the U.S., even to avert financial disaster, but President Obama is warning th..."
"The Bank of Chile did not raise its key interest rate for just the second time in 14 consecutive monthly meetings, the other time being last January. The rate will stay at 5.25%, 475 basis point..."
"South Korea’s base rRate, which underwent five 25-basis point hikes previously between July 2010 and June 2011, was left at 3.25% this month. A new statement from officials expresses..."
"Even though ECB President Trichet was quite clear last week in signaling that rate hikes are not over, based upon interest rate futures, investors are actually pricing in NO RATE HIKES for the rest of..."
"By a unanimous vote, Thailand’s Monetary Policy Committee lifted its key interest rate to 3.25% from 3.0%. Seven earlier hikes from a cyclical 1.25% lower were implemented in July, August..."
"Jobs report and economic data show slow recoveryThe Bank of England is unlikely to raise interest rates anytime soon, thanks to a jobs market that continues to be weak. The most recent jobless claims..."
"Japanese monetary policymakers eased within three days of the Sendai earthquake that struck Northeast Japan on March 11 but cutting the overnight money rate target to zero to 0.1% from 0.1% and by enh..."
"The rate of inflation in the UK eased in June to an annualized rate of 4.2 percent. Analysts had predicted the rate to remain the same as the previous month at 4.5 percent.
The unexpected decline can..."
"First a little interest rate history. Bank Indonesia during the Great Recession implemented nine consecutive monthly cuts of its key interest rate, totaling 300 basis points and ending with a 25..."
"CySec has just announced (it's in Greek) that it had fined both GIFX and FXYard for stating that they operate out of Cyprus despite not being registered with the commission.
CySec fined G..."
"Offshore Yuan trading is certainly becoming a hot topic lately. With many estimates that the Chinese government will slowly further loosen up the band for Yuan exchange rate many banks and..."
"By: Frederick J. Sheehan
?Global regulators…have no real sense of what type of contagion effect would occur if Greece were to default,? observes Michael Lewitt in the June 16, 2011, edition of..."
"Rate cuts by Bank of Mexico policymakers between January and July 2009 totaled 375 basis points from a one-day interbank rate high of 8.25% to 4.5%. On July 8, the 4.5% key interest rate was kep..."
"EUR/USD fell today on concerns about indebted nations of the European Union. The currency pair jumped after the report showed that the US nonfarm payrolls grew last month..."
"For the third straight month the Canadian economy gained new jobs with another 28,400 more added in June. The unemployment rate remains unchanged from May at 7.4 percent.
?The report provides some enc..."
"This morning’s Non-Farm Payroll showed only 18,000 new jobs were created in the month of June. This was far below forecasts calling for upwards of 100,000 new positions. The weak pace of job cre..."
"What is NFP capable of bringing to the table? Better job news. Market consensus is around +100k with a +9.1% unemployment rate. The stronger ADP reading and the better employment component of the non-..."
"Chinese data on consumer prices, producer prices, money and bank lending growth, industrial production, retail sales, fixed asset investment, and real GDP will be released next week. Policymaker..."
"EUR/USD advanced today as the increase of interest rates by the European Central Bank overshadowed the positive reports about the employment in the US. (Ev..."
"The ECB raise all three of its key interest rates by 25 basis points today. This was its second tightening following up by three months on an initial move. The rate corridor surrounding th..."
"The euro was boosted today by news that the European Central Bank (ECB) was lifting the benchmark interest rate by 25 basis points to 1.5 percent. The move was not unexpected as inflation was last rec..."
"Officials at The Central Bank of Malaysia were not influenced by China’s interest rate hike yesterday. After their latest bi-monthly policy meeting, they instead surprised many analysts wi..."
"The Bank of England left its overnight target interest rate at 0.5%, its level since March 2009, and the asset purchase ceiling unchanged at GBP 200 billion. That level was reached in January 20..."
"Markets are largely marking time ahead of the ECB and Bank of England rate decisions. The euro fell following Moody’s downgrade of Portuguese debt to junk status but is unchanged against t..."
"The dollar has consolidated ahead of the ECB rate announcement, with the market expecting the ECB to maintain its tightening bias and raise its policy rate by +25bps. The focus will of course be on Tr..."
"Sterling in currency tradingThe U.K. pound is struggling today against the euro in forex trading. A lot of the problem has to do with the fact that the BOE left rates steady, while the ECB raised them..."
Blog:
Global Forex BlogTidsstämpel: 2011-07-07 12:01
Taggar:
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
fx market,
market,
pound,
rate,
trading
"U.S. dollar in forex tradingU.S. President Barack Obama is trying to negotiate a deal with Congressional lawmakers to raise the debt ceiling to prevent the U.S. from defaulting on its debt come August..."
"The Chinese one-year lending and deposit rates have been lifted for the fifth time since October 19, 2010. Each increase amounted to 25 basis points. From cyclical lows maintained December..."
"With consumer price inflation expanding at an annual rate of 5.5 percent the People’s Bank of China has responded by increasing interest rates for the third time since the beginning of the year..."
"The Narodowy Bank’s Monetary Policy Council left its 7-day reference rate unchanged at 4.5% following verbal hints over the past month that further increases now were unnecessary. The rate..."
"Analysts are prepared for the ECB’s second interest rate hike of the cycle. It will be announced at 11:45 GMT on Thursday followed by a press conference to start at 12:30 GMT. Matter..."
"The latest economic developments have caused investors to push out their rate expectations for all of the major central banks. In May, the ECB, BoC and RBA were all expected to raise rates before the..."
"The Executive Board of the Swedish Riksbank, which meets six times annually, agreed on a seventh straight increase, and third so far in 2011, of its repo rate to 2.0%. The initial tightening was..."
"The Monetary Policy Board at the Reserve Bank of Australia left the Official Cash Rate unchanged at 4.75%. There had been seven 25-basis point increases previously, the first six in October, Nov..."
"A 1.1 percent decline in Eurozone retail sales is the latest indicator to suggest the Eurozone economy is likely entering a weak period – the fact that Germany led the way in taking retail sales..."
"Are we to see additional consolidation in the FX market between now and Friday? Perhaps the EUR bulls will eke out further gains ahead of the ECB meeting on Thursday, with option barriers at 1.46 tout..."
"This week’s meeting of the Monetary Policy Committee will probably result in another decision to leave the Bank Rate at 0.5% and the ceiling on asset purchases at GBP 200 billion. Those po..."
"A surprise 0.6 percent decrease in monthly retail sales could convince the Reserve Bank of Australia to hold off on an interest rate hike. The decline in May’s retail sales marked the largest dr..."
"Sterling expected to appreciate later this yearThe U.K. pound is expected to see solid gains as we move into the second half of 2011. Indeed, sterling is the only major currency gaining against the U..."
Blog:
Global Forex BlogTidsstämpel: 2011-07-04 12:14
Taggar:
currency,
currency trading,
dollar,
financial,
forex,
forex trading,
loonie,
market,
pound,
rate,
trading
"Central Bank policy meetings next week are scheduled in Australia, Sweden, Poland, Mexico, Britain and, most importantly, the euro area where a highly probably second interest rate increase has been s..."
"Despite great concern about Euroland’s peripheral members, the euro advanced against the dollar in both June and the second quarter. Among currencies monitored below, the dollar only rose..."
"Today we’ve seen the fourth day of EUR/USD rally. Economists expect that the European Central Bank will boost its interest rates next week. The business activity in the&..."
"Comments made today by European Central Bank President Jean-Claude Trichet once again point to a likely interest rate increase when the ECB meets next week to deliver its July statement. Inflation did..."
"The number of new applications for unemployment benefits declined by only 1,000 to a seasonally-adjusted 428,000 last week. The fact that new claimants remained basically unchanged for the week provid..."
"Greenback and oil pricesLast week, the U.S. tapped its strategic reserves, and the IEA released oil into the markets. The move temporarily sent oil prices lower, but they have been stubbornly higher r..."
"Currency trading with EUR/USDThe euro is heading for a weekly gain in forex trading on the currency market. Unless something dramatic happens tomorrow, the euro will likely end on a much higher note..."
"Currency trading with the greenbackThe U.S. dollar forex trading forecast, for the short term, is likely to see more weakness. Indeed, there are a number of factors likely to affect the greenback in c..."
"Romania’s monetary policy rate has been 6.25% since May 2010 and will remain at that level until at least the next meeting on August 3. The central bank has not yet begun tightening, even..."
"U.K. real GDP rose 0.5% in the first quarter. This rounded rate of growth according to the second revision of the national income accounts was the same as calculated previously, but the on-year..."
"The Bank for International Settlements (BIS) warned yesterday that ultra-low interest rate policies represent a threat to the global financial system. According to the BIS, low borrowing costs have pr..."
"A source within the Eurozone banking system said that up to fifteen European banks could fail the so-called “stress” tests designed to accurately report the viability of the region’s..."
"Refusing to approve the austerity requirements set out as part of the emergency funding deal would result in Greece’s immediate default warned a top European Union official. Olli Rehn issued the..."
"In leaving monetary policy unchanged for the coming month, a statement from the Bank of Israel made the following points: The key rate was raised from 2.0% to 3.25% between late January and late May..."
"The Bank for International Settlements (BIS) issued a warning today that unless global interest rates rise asset bubbles could threaten the global economy. IN some emerging markets property values ar..."
"OK, two weeks since my last RTATC2011 journal entry and it’s time to share my progress and offer first interesting downloads. So far, I’ve considered two different..."
"In an interview published Friday morning, Federal Reserve Bank of Dallas President Richard Fisher said he believes the economy will grow at a faster rate in the second half of the year. Fisher acknowl..."
"The Czech Central Bank Board reaffirmed the 0.75% level on its key two-week repurchase rate. Eight reductions from August 2008 to May 2010 totaled 300 basis points. The last cut from 1.0%..."
"Turkey’s unorthodox monetary experiment continues. The strategy implemented in late 2010/early 2011 combines low interest rates with a wider corridor between borrowing and lending rates, a..."
"The Federal Open Market Committee policy statement will be released at 12:30 EDT and followed by an hour press conference at 14:15 EDT. The statement from April 27 said the “recovery is pr..."
"The Executive Board of the Norges Bank as expected left its key interest rate at 2.25%. Four increases of 25 basis points were implemented previously in October 2009, December 2009, May 2010 and..."
"By a score of 155 votes to 143 votes, the Greek government survived last night’s confidence vote. The result clears the way for Prime Minister George Papandreou to push through a bill outlining..."
"For a fifth straight month, officials at the Magyar Nemzeti Bank left their Base Rate at 6.0%. Three prior increases of 25 basis points were implemented last November, December and January. ..."
"Central Banks in the United States, Norway, Hungary and Czech Republic hold interest rate policy meetings next week, and those in Australia and Britain will be releasing minutes from meetings held ear..."
"As expected, Swiss National Bank policy-makers have retained a 0.0 – 0.75% target range for three-month Swiss LIBOR with a point estimate of 0.25%. These have been the rate parameters sinc..."
"The key repo rate and reverse repo rate, which moves in lockstep with the repo and lies 100 basis points below such, were raised by 25 basis points today. Reserve requirements were not changed a..."
"Iceland’s central bank, Sedlabanki, left its interest rates unchanged including a 4.25% seven-day lending charge. The statement posted today on the central bank’s web site is more ha..."
"The Central Bank of Chile late Tuesday implemented the twelfth rate hike of the current tightening cycle but, as expected, cut the size of the move to 25 basis points from increases of 50 bps undertak..."
"U.S. core consumer price inflation, which excludes food and energy, was still fairly tame at 1.5% in the year to May. Such was more than double the low of 0.6% in the year to October 2010 but be..."
"For those hoping that the economy is merely going through a ?soft patch? right now, the weight of evidence suggests something more serious. Two years after the Great Recession ended, the economic expa..."
"An apparent stalemate has developed during an emergency meeting of Eurozone finance ministers on how to proceed with a rescue package for Greece. The growing uncertainty has pushed the euro lower in e..."
"Sri Lanka’s Monetary Board left its 7.0% repurchase rate and 8.5% reverse repo rate unchanged at a fifth consecutive monthly meeting. Rates have not begun to rise. In January, such w..."
"UK inflation remained unchanged in May at 4.5 percent with fuel and food prices continuing to account for much of the increase. This is well above the 3 percent target rate and continues to pressure t..."
"China’s inflation rate continued to surge in May climbing another 5.5 percent. This is the highest level in 34 months despite efforts by authorities to curb spending and ease the pace of price i..."
"Investors are looking for signs that global growth is bottoming. Disappointing Chinese loan data (552b vs. 740b) released last night will do little to support risk appetite. The weaker than expected r..."
"Interest rate hike for kiwi likely pushed backMany forex traders have been hoping for an interest rate hike for New Zealand, but that is unlikely, given that there has been another earthquake in Chris..."
Blog:
Global Forex BlogTidsstämpel: 2011-06-13 10:00
Taggar:
cpi,
currencies,
dollar,
forex,
forex trade,
forex trading,
fx market,
gold,
kiwi,
market,
rate,
trading
"Three central banks holding interest rate policy meetings this week are the Bank of Japan, Swiss National Bank and Sedlabanki in Iceland. The Bank of Japan monthly economic assessment, ECB month..."
"EUR/USD tumbled today on the speculation that the economic imbalances in the European Union will force the European Central Bank to slow pace of interest rates..."
"It?s get out of Dodge time. The EUR continues to falter as sovereign-debt worries remain at the forefront. The ECB seems to be losing its grip on its own independence and is in danger of becoming more..."
"Statistics Canada announced today that Canada’s unemployment rate fell to a two-year low in May of 7.4 percent. All together, 22,300 jobs were created in May following April’s gain of 58,0..."
"The Central Reserve Bank of Peru did not implement an eleventh rate hike since May 2010 today, fooling analysts. A statement today seized upon a drop of CPI inflation to 3.1% last month from 3.4..."
"The Bank of Korea, whose Base Rate was slashed from 5.25% prior to August 2008 to 2.0% six months later, announced its fifth increase of 25 basis points today. The rate is now at 3.25%, represen..."
"What's next in the euro forex trading forecast?The euro is heading lower in forex trading today on Trichet's comments about rejecting restructuring for Greek debt. Greece continues to provide problems..."
"The United States and Canada released April trade figures. The headline U.S. goods and services deficit looked encouraging, contracting $3.1 billion or 6.7%, but the census-basis merchandise tra..."
"A statement from the ECB signals a likely increase of interest rates next month. Sufficient justification for a second tightening by July was provided by the Bank staff’s revised price and..."
"EUR/USD extended its losses today as the European Central Bank left its benchmark minimum bid rate unchanged at 1.25% (Event A on the chart.). Such decision was expected..."
"Indonesia’s reference rate will stay at 6.75% for at least another month. Today’s was the fourth no-change decision in a row. Bank Indonesia has implemented just one rate hike..."
"Today’s Bank of England statement added no fresh information. This is typical when, as now, policy changes were not changed. The Bank Rate has been pinned at 0.5% since March 2009.&#..."
"European Central Bank President Jean- Claude Trichet said to day that “strong vigilance” is needed to ensure inflation is held at bay. The latest feedback confirms ?continued upward pressu..."
"Despite inflation climbing to 4.5 percent in April from 4 percent the month before, the Bank of England’s Monetary Policy Committee has voted to leave the benchmark interest rate unchanged at 0..."
"The kiwi advanced 1.1% against the dollar following an upbeat statement from the Reserve Bank of New Zealand, which left its Official Cash Rate at 2.5% but spoke about an improved economic outlook. Th..."
"With the BoE expected to keep policy on hold, the key focus this morning is clearly on the ECB. The market expects an unchanged rate decision. However, it?s the press conference that will gauge the ma..."
"The Bank of Brazil’s monetary policy committee, known as COPOM, has implemented its seventh rate hike, lifting the Selic Rate to 12.25% from 12.0%. The action was widely forecast and follo..."
"The Reserve Bank of New Zealand’s Official Cash Rate (OCR) will remain at 2.5% at least until the next meeting in late July. However, a statement on the central bank web site serves notice..."
"The big focus tomorrow is on ECB President Trichet’s press conference. The European Central Bank is not expected to raise interest rates, but Trichet IS expected to pave the for a rate hike in..."
"My review of the May 5th ECB meeting concluded, “most likely, the statement in June will contain the ‘strong vigilance’ allusion, preparing markets to expect a second rate advance in..."
"The Narodowy Bank reference rate has been lifted 25 basis points to 4.5%, bringing its cumulative rise to 100 bps. The cyclical low of 3.5% had been kept for 19 months to January 2011 following..."
"The country whose currency anchors the international monetary system has unique advantages in raising capital. Because It can borrow overseas in its own money, the real burden of foreign-held de..."
"Last night, the Reserve Bank of Australia left interest rates unchanged at 4.75 percent. Many investors were looking for hawkish comments from the central bank but as suspected, the RBA failed to del..."
"The Reserve Bank of Australia opted to maintain the benchmark overnight cash rate target at 4.75 percent today. Some critics felt the statement was somewhat “downbeat” and the Australian d..."
"The Reserve Bank of Australia implemented three 25-basis point rate hikes in 2009 and four more in 2010, but the current “mildly restrictive” stance has not been changed in the last seven..."
"Risk sensitive currencies continue to be pulled in either direction by risk and aversion trading strategies. There seems little conviction in investors? actions, with some currency moves remaining mod..."
"It is going to be a busy night in Australia with the Reserve Bank gearing up for its next monetary policy announcement. The last time the RBA met was on May 3rd and at the time, the central bank left..."
"Disappointing economic news in the US has raised fears that demand for commodities including oil could decline in the coming months. This has seen commodity prices fall causing the Canadian dollar to..."
"It?s a busy week on the rate front. Trichet is expected to signal a July hike by using ?strong vigilance? language in his communique when keeping rates on hold this Thursday. So far, the market has fu..."
"Australian dollar a little higher in forex tradingThe Aussie is getting a bit of a boost today in currency trading on the FX market as the carry trade means more people are buying the Australian dolla..."
Blog:
Global Forex BlogTidsstämpel: 2011-06-06 11:27
Taggar:
aussie,
currency,
currency trading,
dollar,
forex,
forex trading,
fx market,
gold,
market,
rate,
trading
"Greece continues to dominate the euro in currency tradingThe euro is heading higher in forex trading on the currency market, gaining as the ECB tries to grapple with what's next for Greece. The ECB ha..."
Blog:
Global Forex BlogTidsstämpel: 2011-06-03 18:46
Taggar:
currency,
currency trading,
employment,
financial,
forex,
forex trade,
forex trading,
market,
point,
rate,
trading
"The Bank of Thailand lifted its key policy interest rate for a seventh time on Wednesday. Six prior moves had been implemented, three in 2010 (July, August and December) and three more in Januar..."
"Moody’s Investor Services downgraded Greece to Caa1 from B1 and raised the prospect of a default to an even 50 percent. The European Union is currently working on a second bailout plan that may..."
"Could U.S. dollar gain in currency trading?Right now, the Aussie is higher against the greenback in forex trading, but could the Down Under currency be vulnerable to losses soon? Yesterday, the U.S. d..."
"The Bank of Canada last raised its overnight target interest rate on September 8, 2010. Increases of 25 basis points each had been implemented at three straight meetings In early June, mid-July..."
"Japan’s manufacturing output continues to struggle as it recovers from the earthquake and subsequent tsunami that obliterated large swaths of Japan’s coastal areas earlier this year. For t..."
"As expected, the Bank of Canada announced this morning that it was maintaining the current 1 percent overnight target rate. In the statement, the Bank noted that the global recovery is proceeding R..."
"The Central Bank of the Republic of Colombia intervention rate was increased by another 25 basis points, matching prior moves in February, March and April. The rate, which now becomes 4.0%, had..."
"Early indications are that the Canadian dollar could decline ahead of tomorrow?s Bank of Canada interest rate announcement. Despite recording a 3.9 percent increase in Gross Domestic Product for the f..."
"Canada’s Gross Domestic Product (GDP) expanded by 3.9 percent during the first three months of the year bettering the 3.1 percent recorded in the fourth quarter of last year. This is the fastest..."
"Canadian dollar mostly rangebound ahead of interest rate announcementThe Canadian economy saw increased growth in Quarter 1, growing to 3.9%. Businesses helped spur the growth. Even though there was i..."
Blog:
Global Forex BlogTidsstämpel: 2011-05-30 12:49
Taggar:
announcement,
bank,
currency,
currency trading,
dollar,
economy,
forex,
forex trade,
forex trading,
point,
rate,
trading
"The key Mexican interbank interest rate was left at 4.5% by Bank of Mexico policymakers, who met on Friday. This rate was cut several times by 375 basis points in all during 2009 but has been at..."
"Today is the fifth anniversary of the EarnForex blog. The first post was written by me on May 29, 2006, using the Blogger (Blogspot) hosting. Since then, this blog h..."
"Next week begins with market closures Monday in Britain for a spring bank holiday and the United States for Memorial Day. Central banks in Canada and Thailand hold interest rate policy meetings..."
"The pound benefited from disappointing economic news out of the U.S. and a thinly-veiled threat from an official with the International Monetary Fund to make strong gains today on both the dollar and..."
"The U.S. dollar was down 0.7 percent in mid-day trading in New York today on reports that first quarter growth was less than expected. The latest employment news also indicated that 424,000 new unempl..."
"The US Commerce Department said today that for the first quarter of the year, the economy grew at an annualized rate of 1.8 percent. The result is less than was predicted and considerably weaker than..."
"Real GDP in the U.K. expanded 1.9% at an annualized rate according to the second estimate by the Office for National Statistics. That matched the first estimate and left GDP at the same level as..."
"Monetary authorities at the Central Bank of the Republic of Turkey decided as expected to continue their wait-and-see stance, observing the lagged impact of various policy changes late last year and i..."
"The US Commerce Department today announced that new orders for durable goods suffered the worst decline in over half a year falling far below expectations. Orders dropped by 3.6 percent with reduced o..."
"It?s a horror show, with market anxiety keeping risk assets defensive. We have politicians pitted against policy makers. The ECB is warning that restructuring is not a solution. If Greece fails to mee..."
"An upsurge in business confidence in Germany helped lift the euro to a 0.3 percent gain by 7:55am in New York this morning. Speculation also continues to support further interest rate gains by the Eur..."
"Sterling in forex tradingThe U.K. pound is higher in currency trading on the FX market today. Thanks to a touch of risk appetite, things are improving for the sterling in forex trading. Also helping t..."
Blog:
Global Forex BlogTidsstämpel: 2011-05-24 11:33
Taggar:
currency,
currency trading,
dollar,
forex,
forex trading,
fx market,
home sales,
market,
pound,
rate,
trading
"Israel’s policy interest rate was increased today by 25 basis points to 3.25%. It was cut to 0.5% during the Great Recession. But way back in August 2009, the Bank of Israel implemen..."
"Next week begins with Canadian markets closed Monday for Victoria Day and the U.S. Treasury market shutting early afternoon on Friday for the Memorial Day weekend. The Bank of Japan will p..."
"The industrialized economies share many common problems and challenges. Recovery from the financial crisis and Great Recession has been uneven and frustratingly moderate on the whole. The..."
"The Canadian dollar lost ground following the Consumer Price Index (CPI) results for April showed a slowing in inflation. The decline in CPI means the Bank of Canada could delay interest rate hikes an..."
"The market seems to be waiting for a meaningful turn. A lack of new negative headlines on Greece is encouraging investors to buy back some of their risky assets, however, do not blink, you could miss..."
"It has been a while since I provided updated numbers for the market’s rate hike expectations and I will chalk it up to my travels! Rate expectations are always changing and a lot has happened o..."
"Japanese real GDP imploded 3.7% at an annualized rate last quarter, while U.S. real GDP advanced by 1.75%. Real GDP in Japan was 1.0% lower than a year earlier and 5.6% below its pre-recession p..."
"Struggling with weak growth and the aftermath of the earthquake and tsunami earlier this year, the world’s third largest economy has fallen back into recession. Gross domestic product shrank 0.9..."
"It’s not the “bad news” from Europe that has been pushing the euro lower
May 19, 2011
By Elliott Wave International
From the May 4 top near $1.4950, the EUR/USD (the euro-dollar..."
"According to the minutes from the April Federal Reserve monetary policy meeting, here is the 5 step exit strategy that policymakers prefer at this time:
1) End QE2 in June
2) Stop reinvestment some ti..."
"At the end of this month, the Bank of England will add a new member to their Monetary Policy Committee - Ben Broadbent. He will replacing Andrew Sentance who has voted for an interest rate hike since..."
"The British pound fell against most of the major currencies after the Bank of England issued a statement suggesting that a majority of Monetary Policy Committee members believe an interest rate increa..."
"Forex trading with the sterlingThe U.K. pound is heading lower in currency trading on the FX market, thanks to the release of the latest minutes from the last MPC meeting. Minutes show that ther..."
Blog:
Global Forex BlogTidsstämpel: 2011-05-18 12:33
Taggar:
bank,
currency,
currency trading,
dollar,
economy,
employment,
forex,
forex trading,
fx market,
market,
pound,
rate,
trading
"The first post-FOMC press conference was held three weeks ago less a day, and minutes from that April 27 meeting will be released tomorrow. One of Chairman Bernanke’s assertions that day w..."
"As they had done at prior meetings on February 21, March 28 and April 18, policymakers at the Nemzeti Magyar Bank left their benchmark interest rate at 6.0%. The March and April decisions had be..."
"The Monetary Policy Committee did not hike South Korea’s Bank Rate by 25 basis points as expected, so such instead remains at 3.0% following increases of 25 basis points each last July, November..."
"The Central Reserve Bank of Peru also has raised its key reference rate in a hurry after having cut such extensively during the world recession. The rate was reduced by 525 basis points from 6.5..."
"Few central bank interest rates have traced a U-shaped pattern quite as well as Chile’s. Seven consecutive monthly cuts from January through July of 2009 slashed the rate by 775 basis poin..."
"Six previous reductions totaling 500 basis points between December 2008 and August 2009 and a further three cuts of 50 basis points apiece in March, September and November 2010 slashed the South Afric..."
"Bank Indonesia continues to err on the side of monetary accommodation, placing it on the looser end of the spectrum of Asian monetary policies. Officials meet each month to set their key referen..."
"The Executive Board of the Norges Bank raised its key policy rate to 2.25% from 2.0%. Three earlier hikes of 25 basis points each were implemented in October 2009, December 2009 and May 2010...."
"The reference rate of the Narodowy Bank is being raised to 4.25% from 4.0%. The interval since the prior hike of 25 basis points on April 5 was smaller than that between the first move on Januar..."
"Loonie in forex tradingThe Canadian dollar is benefiting today from higher oil prices. The loonie relies a great deal on oil prices, since oil is a major export for the country. So, when oil prices ar..."
"Dollar movements overnight were moderately positive. The greenback advanced 0.6% against the Swiss franc, 0.4% relative to the kiwi and sterling, 0.3% versus the yen, 0.2% vis-a-vis the euro and..."
"As regular readers of this blog are probably aware, I rarely post about technical analysis. Simply, I’m not well-acquainted with its nuances, and I would probably sound like a dilettante if I tr..."
"EUR/USD experienced a sharp downfall today after the US nonfarm payrolls showed that employment growth rose accelerated, instead of slowing according to forecast. On the ..."
"The ECB’s apparent decision to delay a second interest rate hike until at least July sent the euro down as much as 2.6% intra-day against the dollar on Thursday. As investors await the oth..."
"The fall in commodity prices ‘is good news and should help consolidate economic recovery?. However, the violent rebalancing act has the market showing few signs of even a tentative recovery, apa..."
"Euro heading higher in forex tradingThe U.S. dollar saw a great rally yesterday in currency trading on the FX market. Earlier, the greenback also got a bit of a boost from the latest news related to t..."
Blog:
Global Forex BlogTidsstämpel: 2011-05-06 09:52
Taggar:
announcement,
currency,
currency trading,
dollar,
forex,
forex trading,
fx market,
gold,
market,
point,
rate,
report,
trading
"U.S. dollar falls back after another boostYesterday, the U.S. dollar rallied as Jean-Claude Trichet disappointed forex traders about euro zone interest rates, and as commodities -- especially gold pri..."
Blog:
Global Forex BlogTidsstämpel: 2011-05-06 09:47
Taggar:
currency,
currency trading,
dollar,
economy,
employment,
forex,
forex trade,
forex trading,
fx market,
gold,
market,
point,
rate,
trading
"Central bank interest rate meetings will be held next week in Indonesia, South Korea, South Africa and Poland. The Bank of England releases its quarterly Inflation Report on Wednesday. Min..."
"The Czech National Bank did not follow last month’s ECB rate hike cue but rather by a 5-2 vote retained a two-week repo rate of 0.75% and respective deposit and Lombard rates of 0.25% and 1.75%..."
"The suspense heading into today’s press conference involved whether ECB officials would use code language — “strong vigilance is warranted” — to suggest a likely second r..."
"FXCM Partners with Dow Jones Indexes to Release the Dow Jones FXCM Dollar Index. FXCM Inc. (NYSE: FXCM), an online provider of forex trading worldwide, has collaborated with Dow Jones Indexes, a leadi..."
"EUR/USD slumped today after the European Central Bank kept its main interest rate unchanged. (Event A on the chart.) ECB President Jean-Claude Trichet said that the policy mak..."
"The euro declined this morning falling by 0.9 percent to $1.4695 in early afternoon trading in London after European Central Bank President Jean-Claude Trichet hinted that an interest rate hike will n..."
"Bangko Sentral Ng Pilipinas has implemented a second tightening of its monetary policy interest rates, following up on an initial move on March 24. The reverse repo rate for borrowing was lifted..."
"The yen strengthened beyond 80/USD for the first time since March 18, touching a high of 79.58 and climbing 1.1% on balance. Central banks in Malaysia and the Philippines hiked key interest rates by 2..."
"U.S. dollar forex trading forecastThe U.S. dollar is rallying quite strongly today in forex trading on the currency market. A number of things are combining to help the greenback move higher in curren..."
"I’ve had my share of criticism in the past over Euromoney’s methodology and I still think it’s flawed, but perhaps it’s the only possible method right now. Still, one cannot ig..."
"The Bank of England and ECB policy announcements are once again scheduled for the same Thursday, the BOE at 11:00 GMT and the ECB some 45 minutes later. President Trichet’s press conferenc..."
"The Bank of England will announce monetary policy decisions at 11:00 GMT on Thursday following this month’s two-day meeting. Only in the remote chance of modified policy parameters, which..."
"EUR/USD rose today on speculation that the European Central Bank will raise its main interest rate tomorrow, while the Federal Reserve won’t have courage to scrap its stimula..."
"The euro continued to make gains on the dollar this morning rising 0.5 percent to $1.4901 at 8:30 an in New York. Investors are hopping aboard the euro as speculation grows that tomorrow’s state..."
"Thank Medley, market rumors of a Euro-positive research report have dragged and supports a higher EUR ahead of tomorrows rate announcement. It?s believed that the group indicated that the ECB is comfo..."
"The pound declined nearly one percent to $1.6494 just before noon in London today on the latest reports indicating manufacturing declined in March. The Chartered Institute of Purchasing and Supply ind..."
"The European Central Bank is expected to indicate its intentions to lift interest rates when it meets later this week. In March, the ECB used the phrase “strong vigilance” to describe its..."
"The Reserve Bank of Australia was among the earliest central banks to begin raising interest rates, which made sense since the Australian economy managed to avoid a downturn during the Great World Rec..."
"The National Bank of Romania as anticipated left its key interest rate at 6.25%, the level since May 2010. The last rate change, a cut of 25 basis points, was undertaken a year ago in May 2010 a..."
"The Reserve Bank of India raised its repo rate by 50 basis points to 7.25%. There have been nine increases since the first one in March 2010, three by 50 basis points including today’s and..."
"Three factors are weighing on investors’ appetite for risk: the possibility of Al Qaeda reprisals, an unexpectedly sharp drop in Britain’s purchasing managers index, and a greater-than-ant..."
"Risk sensitive currencies are on the defensive this morning. The EUR is failing to retain its upward momentum as the market eyes option related levels below. The antipodean currencies are underperfor..."
"France and Germany continued to lead other members of the Eurozone according to the latest Markit Purchasing Managers Index for the month of April. Germany’s factory activity expanded for a 19th..."
"When back-testing an expert advisor in MT4 Strategy Tester it is sometimes possible to encounter an error that significantly spoils the quality of testing:
TestGenerator:..."
"April was a volatile month. The dollar plunged across the board. Most stocks markets improved, and G7 ten-year sovereign debt yields fell. A rise in three-month euribor deposit rates..."
"Price action on EUR/USD (a daily chart of which is shown) as of Friday (4/29/2011) has continued its strong bullishness, establishing a new 16-month high, without having made much of a pullback or ret..."
"Russia and Vietnam have been coping with very elevated inflation even by the standards of mounting commodity-fueled price pressures found in most countries these day. Today, the State Bank of Vi..."
"The Canadian dollar – known as the “loonie” – lost ground to the US dollar this morning on news that the Canadian economy expanded by an annualized rate of 2.9 percent in Febru..."
"Aussie forex trading forecastThe Australian dollar is likely to continue its trend of strength in currency trading on the FX market. With the Chinese economy still heating up, and with gold prices hea..."
Blog:
Global Forex BlogTidsstämpel: 2011-04-29 15:03
Taggar:
aussie,
currencies,
currency,
currency trading,
dollar,
economy,
forex,
forex trade,
forex trading,
fx market,
gold,
market,
rate,
trading
"After the worst recession since the 1930s, the recovery continues to be disappointing in strength. Over the first seven quarters of the current U.S. economic recovery, real GDP grew at an annual..."
"The Policy Board voted unanimously to retain a key rate target range of zero to 0.1% at a meeting lasting three hours and 26 minutes. This was expected. A significant easing, includi..."
"The dollar fell following the release of weaker-than-expected GDP for the first quarter of the year and the Fed’s commitment to continuing its low interest rate policy. The euro rose above $1.48..."
"The Reserve Bank of New Zealand released a statement leaving its benchmark interest rate unchanged as analysts had expected. Officials called New Zealand’s post-earthquake outlook still &#..."
"In shifting their focus to interest rates, forex traders have perhaps overlooked one very important monetary policy event: the conclusion of the Fed’s quantitative easing program. By the end of..."
"Today’s FOMC statement was released at 12:30 EDT (16:30 GMT) as promised, and market participants now must wait an hour and 45 minutes for Chairman Bernanke’s press conference to begin...."
"Federal Reserve policy makers said the economy is recovering at a ?moderate pace? and a pickup in inflation is likely to be temporary, as they agreed to finish $600 billion of bond purchases on schedu..."
"The heart and soul of FOMC statements for quite some time has promised low short-term interest rates and a policy consistent with its mandate of maximizing employment and and stable prices. Thes..."
"Little in the way of change is expected in this morning’s FOMC statement with most economists suggesting the Fed will commit to the completion of the “QEII” round of stimulus ending..."
"U.S. dollar tanks in forex tradingThe U.S. dollar forex trading forecast is likely to remain one of weakness, thanks to the lastest news out of America. The Federal Reserve announced that it will keep..."
Blog:
Global Forex BlogTidsstämpel: 2011-04-27 13:16
Taggar:
aussie,
currency,
currency trading,
dollar,
forex,
forex trading,
gold,
oil,
pound,
rate,
trading
"The dollar continued its week-long slide against the euro just one day before the next Federal Open Market Committee statement and investors are strongly of the belief that the FOMC will maintain the..."
"Greece’s deficit for 2010 was a higher-than-expected 10.5 percent for 2010 surpassing the projected 9.4 percent shortfall by more than a full percentage point. The news sent Greek bond yields hi..."
"MT4 marks the newest addition to GFT?s award-winning trading software offeringsGRAND RAPIDS, MI – GFT, a worldwide leader in online currency trading, announced today that it has added MetaTrader..."
Blog:
Global Forex BlogTidsstämpel: 2011-04-26 12:00
Taggar:
analysis,
automated trading,
brokers,
bull,
currency,
currency trading,
forex,
forex trading,
fx trading,
leverage,
market,
metatrader,
rate,
share,
shares,
spread,
technical analysis,
trading
"Broad based support seen growing for DraghiMario Draghi, the governor of the Bank of Italy, is garnering wide support, and could be the next ECB president. The most recent endorsement for Draghi comes..."
"The Bank of Israel paused monetary policy tightening this month, having already lifted its base rate by 100 basis points in three successive moves during the first quarter of 2011. That advance..."
"A little more than two years ago, the Icelandic Kronur was one of the hottest currencies in the world. Thanks to a benchmark interest rate of 18%, the Kronur had particular appeal for carry traders, w..."
"I’ve launched a beta version of a new online Forex report analysis tool that can show a lot of different metrics based on MT4/MT5/Oanda account reports (and MT..."
"It was a compact volatile trading week with the dollar hemorrhaging against all of its G10 trading partners and that includes Japan. With rate divergence influencing trade positions, this dollar bear..."
"The Federal Reserve will be in the spotlight next Wednesday. Note that the FOMC interest rate policy statement will be released at 12:30 local time (16:30 GMT) instead of the usual 14:15 hour.&#..."
"Forex trading impacted by central bank decisionsCentral banks have been playing a bigger role in the currency markets over the past two years than ever before. The role of centrals banks is far beyond..."
"The Central Bank of the Republic of Turkey is engaged in an experiment of low interest rates, higher reserve requirements and a wide gap between its overnight borrowing rate of 1.5% and lending rate o..."
"Brazil’s committee of monetary policymakers, known as COPOM, has implemented its sixth rate hike of the cycle, increasing the benchmark Selic rate to 12.0% from 11.75%. In the earlier Grea..."
"The minutes of April?s Bank of England meeting showed most members voted against tightening monetary policy, causing the pound to fall against the euro.
Reacting to data from last month that indicate..."
"Before today’s action, the Executive Board implemented four 25-bp rate hikes in the second half of 2010 and a fifth increase from 1.25% to 1.5% in mid-February. The Riksbank is among very..."
"EUR/USD erased previous losses and advanced to the highest level since January 2010 today as investors continue to bet that the European Central Bank will raise its key l..."
"For a second meeting in a row of the Sedlabanki Monetary Policy Committee, the 7-day collateralized lending rate has been kept unchanged at 4.25%. From a peak of 18%, the key rate had been reduc..."
"The Bank of Thailand’s one-day repo rate was lifted as expected to 2.75% from 2.5%, and a statement from the central bank left the door open for more hikes. Indeed, this was the sixth done..."
"The Swedish Krona climbed to a 2 1/2 year high against the US dollar after Sweden’s central bank – the Riksbank – hiked rates for the sixth time in the past fifteen months. The lates..."
"Financial markets reacted positively to a slew of corporate earnings reports that surpassed expectations. Equities rose 1.8% in Japan, 1.9% in India, 2.2% in South Korea, 2.0% in Taiwan, 1.6% in Hong..."
"Currency trading with the euroThe euro has recovered its losses from yesterday's forex trading. Yesterday, thanks to risk aversion and concern about sovereign debt, the euro plunged against the U.S. d..."
"U.S. housing starts rose to a seasonally-adjusted rate of 7.2 percent in March to an annual rate of 549,000 new units. Still, the bounce back in residential construction does not signal recovery as an..."
"In truth, concerns about the risk of restructuring Greek debt is more immediate than the current US fiscal difficulties. The reality is that peripheral sovereign restructuring would be harmful for mos..."
"The two-week deposit rate of the Magyar Nemzeti Bank was left at 6.0%, the same result of the prior two meetings on February 21 and March 28, and a statement today made similar points as those from th..."
"The British economy continues to wrangle with very weak growth even as consumers are being hammered by surging prices. The result is an inflation rate double the target ?ideal? of two percent annual i..."
"The euro declined by a full percentage against the dollar in early-morning trading in new York today. Meanwhile, the yield on Greek two-year bonds jumped 100 points to 19.50 percent, the highest rate..."
"Today, I am happy to announce that another Forex broker was added to the list of brokers on EarnForex.com. It’s AFX Capital, which operates from Cyprus and is..."
"After 375 basis points of reduction within seven months from 8.25% at end-2008, the Bank of Mexico’s policy interest rate has remained at 4.5% since July 2009 and will continue to do so at least..."
"Next week is book-ended by the IMF meetings in Washington at the start and the Good Friday/Easter holidays at the end. Central banks in Brazil, Sweden, Thailand and Hungary hold interest rate me..."
"Evidence of an upturn in inflation continues to mount and can be found in a wide array of economies. Take the United States where consumer prices recorded a 12-month 2.7% rate of increase in Mar..."
"The demand for US debt declined in February as foreign buyers purchased long-term equities, notes and bonds totaling $26.9 billion compared with net buying of $51.1 billion in January. The economy rel..."
"China’s latest growth figures indicate the economy grew by 9.7 percent during the first quarter compared to the same time period one year ago. The exceptionally rate of growth continues to stoke..."
"Ireland downgrade affects euroMoody's downgraded Ireland earlier today, and that is affecting confidence in the euro zone. The euro is down against the U.S. dollar in forex trading as concerns about t..."
Blog:
Global Forex BlogTidsstämpel: 2011-04-15 13:37
Taggar:
aussie,
currency,
currency trading,
dollar,
financial,
forex,
forex trading,
fx market,
market,
rate,
trading
"Aussie falters in currency trading on China rate hikes concernsChina and India can't seem to slow their explosive economic growth. This very growth is the reason that many think that emerging market c..."
Blog:
Global Forex BlogTidsstämpel: 2011-04-15 13:27
Taggar:
aussie,
currencies,
currency,
currency trading,
economy,
financial,
fx market,
gold,
market,
rate,
trading
"During times of economic uncertainty, buying and holding U.S. dollar-denominated assets has long been the standard ?flight to safety? many investors have relied upon for shelter from the storm. In rec..."
"Speculation that the Bank of England will resist interest rates for several more months even as the European Central Bank hikes rates has pushed sterling to a six-month low against the euro. The pound..."
"U.S. retail sales rose for the ninth straight month in March climbing another 0.4 percent in addition to the 1.1 percent gain in February. The sales increases are attributed to a growing consumer con..."
"The Central Bank of Chile’s overnight interest rate has been raised by an as-expected 50 basis points to 4.5%. There has been an increase at ten of the last eleven monthly meetings of the..."
"The Federal Reserve is a whipping boy of the disgruntled. Critics of the Federal Reserve often accuse monetary officials of deliberately depreciating the dollar through its quantitative easing.&..."
"The overnight target interest rate in Canada has been left at 1.0% as most forecasters predicted and will continue to be flanked by a 0.75% deposit rate and a 1.25% Bank Rate. The continuing str..."
"The Canadian dollar declined against the U.S. dollar this morning after the Bank of Canada announced the benchmark overnight rate would be held at one percent for at least another month. The Bank̵..."
"The Bank of Canada announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
As anticipate..."
"Indonesian monetary officials continue to drag their feet compared to their counterparts tightening policy elsewhere in Asia. During the Great Recession, the benchmark interest rates was slashed..."
"The Bank of Korea’s seven-day repo rate was kept at 3.0% as most pundits expected. Starting last July, such had previously been raised four times by 25 basis points each, most recently at..."
"Loonie stymied in forex tradingThe Bank of Canada announced that it would keep its benchmark interest rate steady at 1%. The news has the loonie lower in forex trading against the greenback. The decis..."
Blog:
Global Forex BlogTidsstämpel: 2011-04-12 11:16
Taggar:
bank,
currency,
currency trading,
dollar,
economy,
forex,
forex trade,
forex trading,
loonie,
oil,
rate,
trading
"The ECB boosted interest rates last week, causing the euro to fall from almost a 15-month high against the U.S. dollar on bets that higher interest rates will cause difficulty for troubled European ec..."
"Last year, the Bank of Canada implemented two quarter point interest rate increases in the second half of the year to lift Canada?s benchmark Bank Rate to one percent. Since then, Governor Mark Carney..."
"The Bank of Canada will reveal the decision of its third interest rate policy meeting of 2011 tomorrow at 09:00 EDT (13:00 GMT). The street consensus is looking for no policy change, as such cou..."
"Investors are taking a wait-and-see approach with the Canadian dollar ahead of tomorrow’s Bank of Canada interest rate policy announcement. The expectation is that the Bank will hold the line on..."
"Today, we bring you an interview with Mike Kulej of FXMadness. Below, Mike shares his thoughts about the effectiveness of technical analysis, volatility, leverage, and more! Forex Blog: I am intrigued..."
"Loyal Forex description was finally added to the list of Forex brokers on the site today. This broker is most notable for its quite attractive set of features &..."
"Central Bank interest rate policy meetings are scheduled next week in Indonesia, South Korea, Mexico, and Canada. Minutes from the mid-March Bank of Japan meeting, the Fed’s Beige Book, th..."
"The Market got what it wanted this week when it came to Central Bank announcements. The RBA, BoJ, BoE and ECB all remain mindful of inflation. The ECB it seems has begun its rate normalization policy..."
"Seventeen months is an awfully long time for a serious economic problem to fester and play out over and over again in the news, but that’s how long it has been since Europe’s sovereign deb..."
"A survey of economists shows most observers believe the European Central Bank will implement further interest rate hikes in addition to yesterday’s quarter-point increase to 1.25 percent. The su..."
"U.S. dollar down across the boardSurging metals prices are sending the euro higher in forex trading, as the dollar drops across the board. Euro continues to gain in forex trading, targeting 1.51. ..."
"Trichet going ?one-and-done? is not cutting it. Refusing to pre-commit to a steady series of aggressive rate increases is to be expected. If the ECB were to begin rate normalization, it would provide..."
"As analysts expected, officials at Peru’s central bank lifted their reference interest rate by another 25 basis points just as they had done each month of this year’s first calendar quarte..."
"Today, we bring you an interview with Ben Wong (Head of Trading Strategies) and Yan Tse (Head of Research) at Action Forex, a forex information portal. I chatted with them about upcoming Central Bank..."
"EUR/USD slumped earlier this trading session and now gradually recovers. The euro was boosted as the European Central Bank raised its target lending rate by 25 basis points to..."
"The European Central Bank today raised the benchmark lending rate by a quarter point to 1.25 percent. Describing the ECB’s monetary policy as “accommodative”, ECB President Jean-Clau..."
"The ECB as expected raised its refinancing rate by 25 basis points to 1.25%. Such had been at 1.0% since May 2009. The deposit rate and marginal lending rate were also lifted by 25 basis p..."
"Portugal?s Prime Minister Jose Socrates announced today that Portugal has no choice but to seek emergency funding to meet its upcoming debt obligations. The request is expected to total 75 billion eur..."
"The Bank of Japan met over two days for a total of six hours and 52 minutes, deciding unanimously to 1) promote a 0-0.1% overnight money rate target through its daily short term operations and 2) intr..."
"The Monetary Policy Committee released its standard statement when not making any changes. The Bank Rate stays at 0.5%, its level since March 2009. The asset purchase program ceiling remai..."
"It?s all about the language, Trichet?s communique, not this morning?s ?expected? hike. The market has already priced in the ECB hiking its repo rate +25bp to +1.25%. Investors need guidance and should..."
"Since the March policy meeting five weeks ago, ECB officials have painstakingly prepared markets for a rate hike on April 7, which presumably will be 25 basis points in size. The statement relea..."
"The Bank of England policy announcement this month will be made at 11:00 GMT tomorrow. The February and March meetings of the Monetary Policy Committee produced identical votes. Regarding the 0..."
"- Rates currently at 1.00%
- 25bp rate hike completely priced in for Thurs
- 50bp priced in by June
- 100bp priced in by end of year
The most anticipated event risk this week is the ECB’s moneta..."
"EUR/USD rallied today on forecast that the European Central Bank will raise its minimum bid rate from 1% to 1.25% tomorrow. There is not much macroeconomic data from the US this we..."
"Euro consolidates in preparation for tomorrow's decisionWhile other high beta currencies surge to new highs against the U.S. dollar, the euro is mostly in consolidation mode ahead of tomorrow's ECB ra..."
Blog:
Global Forex BlogTidsstämpel: 2011-04-06 14:18
Taggar:
currencies,
currency,
currency trading,
dollar,
forex,
forex trade,
forex trading,
fx market,
market,
rate,
trading
"The EUR has shrugged off a Portuguese downgrade, a Chinese rate hike and is now focusing on Trichet?s expected ?progressive normalization? of monetary policy. Tomorrow?s anticipated hike will mark the..."
"Gold gained more than a percent today to close at an all-time high above $1,450 an ounce. Silver also rose to hit a 31-year high to $39.12 an ounce.
“Bernanke’s comment makes inflation a m..."
"Poland’s central bank reference rate was hiked today to 4.0% from 3.75%. An initial 25-basis point increase on January 19 was the first tightening since June 2008. From November 2008 to Ju..."
"Australia’s Official Cash Rate will remain at 4.75% for at least another month. This decision by the RBA Board was expected. The key interest rate had previously been raised seven ti..."
"The People’s Bank of China raised the one-year lending rate by 25 basis points to 6.31% and the one-year deposit rate by the same magnitude to 2.25%. Three earlier increases, all by 25 basis poi..."
"Just a tenth of a point separated the U.S. and Euroland service sector purchasing manager readings in March. That gap was down from 2.9 points in February and 3.5 points in January, and such con..."
"China raised interest rates for the fourth time since the end of the global financial crisis to restrain inflation and limit the risk of asset bubbles in the fastest-growing major economy.
The benchma..."
"The Reserve Bank of Australia made it very clear last night that they do not plan to raise interest rates in the foreseeable future. Despite the rise in commodity prices, the RBA expressed little con..."
"For the second time this year and the fourth time since 2010, the Chinese government raised interest rates by 25bp, bringing its lending and deposit rates to 6.31 and 3.25 percent. Like many other co..."
"The European Central Bank is facing a true dilemma with its upcoming interest rate vote. On the one hand, the Bank is cognizant of the rising rate of inflation in certain economies comprising the 17-m..."
"The People’s Bank of China has implemented a fourth increase of its lending and deposit rates, lifting such in an unexpected move by 25 basis points to 6.31% and 3.25%. Prior increases wer..."
"The market remains nervous. The reaction to Bernanke?s ?neutral? comments indicates that the market is aggressively short dollars. Last night he said that inflation was rising and must be carefully mo..."
"Australian dollar in currency tradingThe Australian dollar is a little lower in currency trading on the FX market as the down under currency looks for some strength. Aussie appears to be consolidating..."
Blog:
Global Forex BlogTidsstämpel: 2011-04-05 12:17
Taggar:
aussie,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
fx market,
gold,
market,
rate,
trading
"Officials of the Reserve Bank of Australia last raised their Official Cash Rate in November and are likely to keep such at 4.75% for a couple of additional months. Minutes from the March RBA Boa..."
"The last 3 times the RBA made a monetary policy announcement, a small to large reversal was triggered in the Australian dollar. RBA rate decisions can frequently mark a top or bottom in a currency -..."
"The Reserve Bank of Australia has a monetary policy announcement this evening and even though interest rates are not expected to be changed, the tone of the statement could seal the fate of the Aussie..."
"Forex traders have very suddenly tilted their collective focus towards interest rate differentials. Given that the Dollar is once again in a state of free fall, it seems the consensus is that the Fed..."
"This weeks main event will be the ECB rate decision. Has Trichet telegraphed his hike intentions or is that too easy? The EUR price action supported by FED Dudley ?dovish? comments certainly has price..."
"European currency in currency tradingThe euro looks strong once again in forex trading on the currency market. The 17-nation currency pulled back a little in earlier trading, heading lower against the..."
Blog:
Global Forex BlogTidsstämpel: 2011-04-04 10:59
Taggar:
announcement,
currencies,
currency,
currency trading,
dollar,
ecb announcement,
economy,
forex,
forex trade,
forex trading,
market,
rate,
trading
"Sorry for the radio silence - have been on vacation then corporate craziness
The euro staged a remarkable rally today after dipping as low as 1.4060 following the U.S. non-farm payrolls release. The..."
"The Bank of England has held the benchmark bank rate at 0.5 percent for the past two years but as rising prices continue to erode the buying power of the pound, pressure builds on the Bank to hike rat..."
"The premier event during the first full week of the second quarter will be the ECB press conference on Thursday at which a likely first interest rate hike will be explained and put in the context of w..."
"The Non-Farm Payroll showed an increase of 216,000 jobs in March and was even more optimistic than Wednesday’s ADP report of a 201,000 increase. The official unemployment rate fell by one tenth..."
"Analysts have been projecting a 200K increase in nonfarm payroll jobs, but many market traders believe the figure may be closer to 300K than 200K. The catalyst for these euphoric whisper numbers..."
"The month-end, quarter-end ?fix mess? is now over. Welcome to the beginning of the ?carry? month, which April is historically know for. This morning, the market has the grandaddy of economic data rele..."
"In line with FXCM’s statement from March 2nd it has just announced its acquisition of the retail forex business of GCI Capital, a fairly large Japanese broker, which was essentially FXCM’s..."
"Officials at the National Bank of Romania left their key interest rate 6.25%, extending the period of time at that level to at least twelve months. From a peak of 10.25%, the rate was cut five t..."
"Taiwan’s central bank Policy Board has raised key interest rates by 12.5 basis points just as it did at the end of third and fourth quarters of 2010. An initial increase was undertaken in..."
"Monthly Canadian GDP figures, calculated from the supply side, showed a second straight brisk rise of 0.5% in January, resulting in a three-month annualized 5.7% rate of rise compared to a 2.0% growth..."
"Zulutrade, one of the largest autotrading services on the web, just released a new and very interesting capability: Zulutrade now allows followers to review other successful followers’ portfolio..."
"No one seems to be fazed by the crisis in Portugal or the Irish stress tests. After this mornings Eurozone?s flash inflation print (+2.6%), more than ever, the market expects the ECB to start the rate..."
"Long-term interest rates rose sharply in the first quarter. Except in Germany’s case, the bulk of the increase occurred in the first two months of the quarter. Short-term rates hardl..."
"The last rate hike at the European Central Bank was by 25 basis points in July 2008 and shrouded in controversy, coming just over two months before the collapse of Lehman Brothers triggered an intensi..."
"The yen fell 0.7 percent to 83.07 to the dollar at 8:30 am in New York this morning from yesterday’s close of 82.48. Recent comments from the European Central Bank have raised expectations of an..."
"The employment report created by Payroll services company ADP shows the US economy added 201,000 jobs in March. The Friday’s Non-Farm Payroll report is expected to reveal an increase of 210,000..."
"A budgetary impasse between democrats and republicans caused the suspension of non-essential federal services during November 14-19, 1995 and from December 16, 1995 to January 6, 1996. The U.S..."
"The euro gained on both the yen and the dollar following comments from European Central Bank member Jozef Makuch noting that it was “highly probable” that the bank will raise interest rate..."
"Which hawk can shout the loudest? It seems that investors are comfortable pushing European debt problems to the back burner and accept Trichet?s anti-inflationary drum beating. The market is confident..."
"Forex trading forecast for the Australian dollarOne of the big questions that many have about the forex trading forecast for the Australian dollar is whether or not the Aussie can keep up its current..."
Blog:
Global Forex BlogTidsstämpel: 2011-03-29 11:25
Taggar:
aussie,
currency,
dollar,
forex,
forex trade,
forex trading,
fx market,
gold,
market,
rate,
trading
"Currency trading with EUR/USDThe euro is maintaining its strength in forex trading on the currency market. Indeed, this strength continues even after the recent downgrade of Portugal. It seems as thou..."
Blog:
Global Forex BlogTidsstämpel: 2011-03-29 11:16
Taggar:
consumer confidence,
currency,
currency trading,
dollar,
economy,
forex,
forex trade,
forex trading,
inflation,
market,
rate,
report,
trading
"Euro continues to gain in currency tradingPortugal has been downgraded again, for the second time in less than a week. Now, Portugal is just one step above junk status. Portugal's latest downgrade com..."
Blog:
Global Forex BlogTidsstämpel: 2011-03-29 11:05
Taggar:
currency,
currency trading,
dollar,
financial,
forex,
forex trading,
fx market,
market,
point,
rate,
trading
"LCH.Clearnet is a leading independent clearing house group, serving major international exchanges and platforms, as well as a range of OTC markets. It clears a broad range of asset classes including:..."
"The Bank of Israel implemented a third consecutive interest rate hike. It was the ninth tightening since normalization began in August 2009 and the first one to exceed 25 basis point in size...."
"Magyar Nemzeti Bank officials decided to keep their base rate at 6.25%. This is the same action as taken at the February meeting and follows three consecutive hikes of 25 basis points in Novembe..."
"Forex Club has announced the appointment of Rafael Carrascosa is appointed as CEO of FOREX CLUB as of March 16th 2011. Forex Club is undergoing a major restructuring by consolidating all group’s..."
"Manufacturing purchasing managers surveys for developed and developing economies alike will be released next week. Interest rate policy meetings are scheduled in Hungary, Romania and Iceland...."
"The theme of the week was the ?Nothing Matters rally? took a firm grip and promoted riskier trading activity. Global equities saw black and the EUR continued to outperform any bad news, downgrades, pe..."
"The Commerce Department said today that the economy grew more quickly in the fourth quarter leading the agency to revise annualized GDP higher to 3.1 percent from the 2.8 percent projection issued in..."
"U.S. hawkishness sends euro down against dollar in currency tradingThe euro is falling in forex trading today as the U.S. dollar gets a boost from some surprising bullishness. Indeed the Fed's Plosser..."
Blog:
Global Forex BlogTidsstämpel: 2011-03-25 12:39
Taggar:
bull,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
fx market,
market,
rate,
trading
"Figuring out the direction of the EUR has been a crap shoot this week. The market is short and the longer we stay here political rhetoric and innuendos seem to want to squeeze more of the weak shorts..."
"The last two-week repo rate change, a 25-basis point reduction in May 2010, culminated 300 basis points of easing in eight moves from August 2008. According to a statement posted today on the CN..."
"The South African Reserve Bank (SARB) left its repo rate unchanged at 5.5% as expected but released a more hawkish statement. Officials after the prior meeting in January had indicated their exp..."
"Bangko Sentral ng Pilipinas implemented its first rate change since July 2009, lifting its overnight borrowing rate and overnight lending rate by 25 basis points each to 4.25% and 6.25%. Declari..."
"Rate hike expectations are always changing and its important to keep track of them because they reflect what investors are pricing in.
Here are the latest numbers and highlights (compared to last we..."
"TraderTools Inc. (TraderTools), which provides the only complete, integrated FX trading platform available on the market, announced today that its Liquidity Management Platform? (LMP) now includes acc..."
"While I’m fondest of analyzing all currencies relative to the Dollar (after all, it’s what I’m most familiar with and is involved in almost half of all forex trades), sometimes its i..."
"Caution from Moody's also affects U.K. poundThe sterling is lower in currency trading on the FX market today as concerns about Britain's economy are brought into focus. Indeed, the latest retail sales..."
Blog:
Global Forex BlogTidsstämpel: 2011-03-24 10:02
Taggar:
bank,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
fx market,
inflation,
market,
pound,
rate,
retail sales,
trading
"EUR/USD in currency tradingThe euro is surging higher in forex trading on the currency market today, thanks mainly to interest rate speculation. Forex traders expect that the ECB will raise rates by a..."
Blog:
Global Forex BlogTidsstämpel: 2011-03-24 09:55
Taggar:
bank,
currency,
currency trading,
economy,
forex,
forex trade,
forex trading,
market,
point,
rate,
trading
"The Central Bank of the Republic of Turkey increased reserve requirements by between two and five percentage points. As of April 1, most will range from 9% to 15%. This move was not antici..."
"Chancellor of the Exchequer George Osborne did not flinch from the deep deficit-reducing fiscal strategy adopted last year in spite of last quarter’s unexpected investment-led drop in real GDP..."
"The annual budget as released today by Chancellor of the Exchequer George Osborne suggests that annual growth for the British economy will be less than previously predicted. The government now believe..."
"NEW YORK, March 22 (Reuters) – The U.S. dollar hit a 15-month low against other major currencies on Tuesday and could extend losses as a resumption in risk appetite spurred demand for currencies..."
"The euro gained 0.1 percent to $1.4238 this morning in New York to reach a five-month high against the dollar. Speculation that the European Central Bank will soon raise interest rates to deal with ri..."
"Lack of ideas, new news and market data to focus on has the currency market well contained. Trichet had ?nothing to add? yesterday. The market is interpreting the ?strong vigilance? language as an ind..."
"Sterling jumps in currency trading on latest inflation reportThe U.K. pound forex trading forecast is in question right now, thanks to the latest inflation report. Once again, it appears that inflatio..."
Blog:
Global Forex BlogTidsstämpel: 2011-03-22 10:55
Taggar:
bank,
currency,
currency trading,
dollar,
forex,
forex trading,
inflation,
pound,
rate,
report,
trading
"On June 30, 2009, NFA issued a Complaint charging GlobeFX Club with failing to cooperate with NFA in its investigation of GlobeFX Club?s operations and providing false and misleading information conce..."
"MetaQuotes added some really nice features to its Strategy Tester tool in the latest build of the MetaTrader 5 platform (build 420). Apart from the usual bug-fixing and&#..."
"Oil prices rose more than two dollars in New York this morning to climb above $103 a barrel as traders fretted over the escalation of violence in Libya. Over the weekend, American and British forces..."
"The price of crude jumped more than $2 a barrel as UN forces attacked strategic radar installations and other sites as part of its operations to impose a no-fly zone in the skies over Libya. Oil price..."
"Sterling in forex tradingU.K. pound is getting a boost in currency trading on the FX market today as risk appetite prevails. Higher equities, including in the U.S., are helping the sterling in forex t..."
Blog:
Global Forex BlogTidsstämpel: 2011-03-21 09:58
Taggar:
bank,
currency,
currency trading,
forex,
forex trading,
fx market,
market,
pound,
rate,
retail sales,
trading
"The Central Bank of Chile raised its key overnight interest rate by 50 basis points, surprising analysts who’d expected an increase of 25 basis points. The central bank has been normalizin..."
"Euro gains in forex tradingThe euro is continuing its rally in forex trading on the currency market. The 17-nation currency has moved above the 1.41 mark, and is looking for some solid support moving..."
"The volatility in the financial markets has led to major changes in rate hike expectations. Here are the latest numbers and the highlights compared to a month ago (see Feb numbers):
Fed - One 25bp rat..."
"In order to counter demand-side inflationary pressure and inflation expectations, monetary officials in India raised their key repo lending rate and reverse repo borrowing rate by 25 basis points each..."
"Euro higher in forex tradingThe euro has moved through $1.40 in forex trading on the currency market. Euro is gaining ground in currency trading as interest expectations improve. There are still some..."
Blog:
Global Forex BlogTidsstämpel: 2011-03-17 12:18
Taggar:
currency,
currency trading,
economy,
forex,
forex trade,
forex trading,
fx market,
inflation,
market,
rate,
trading
"While leaving their key policy interest rate at 2.0% for a seventh straight meeting, officials at the Norges Bank released a statement that bumps the projected policy rate range for the coming three m..."
"After peaking at 18% in October 2008, the Sedlabanki seven-day lending rate was cut by 800 basis points in 2009, 550 bps in 2010, and by 25 basis points to 4.25% at the first policy meeting of this ye..."
"The Hong Kong Monetary Authority since 1983 has subordinated any semblance of an independent domestic monetary policy to the priority of fixing the former British colony?s currency at 7.78 per U.S. do..."
"The British Pound has risen almost 15% against the Dollar over the last twelve months. It seems that the markets are ignoring the fiscal concerns that sent the Pound tumbling in 2010, and focusing mor..."
"Compare the changes made to March FOMC statement with the Jan one.
FOMC Statement January 26, 2011
Information received since the Federal Open Market Committee met in December confirms that the econo..."
"The Financial Services Authority (FSA) has today fined ActivTrades Plc, a foreign exchange broker, £85,750 for failing to protect clients? assets adequately. Under the FSA?s client money rules, firms..."
"CitiFX is positioning itself as a ‘retail forex bank’ – which is very useful for small to medium size money managers and funds. See is now working hard to reach its target audience a..."
"The dollar is firmer this morning, with markets in risk averse mode, as concerns over Japan’s nuclear crisis intensifies. The continued uncertainty regarding the efforts to stabilize the nuclear..."
"Japan earthquake reduces the chance of ECB rate hikeWith a recently strong euro in forex trading, and signs of economic recovery, there had been hopes that the ECB would consider raising rates next mo..."
"The Canadian dollar – AKA the “loonie” – traded at 97.23 cents per U.S. dollar at 7:57 a.m. in Toronto, compared with 97.32 cents on March 11. The loonie touched 96.69 cents on..."
"Central Banks interest-rate setting committees hold meeting next week in the United States, Japan, Norway, Switzerland, Poland, Hungary and Iceland. The Bank of Japan is also releasing a new mon..."
"Recovery from the severest global financial crisis and recession since the 1930s is less than two years old, and many advanced economies continue to experience crippling rates of unemployment that hav..."
"Even before today’s devastatingly tragic earthquake, a confluence of negative factors had begun to pile up behind the Yen. Low interest rates. Low GDP growth. Political infighting. Record nation..."
"Bank Negara Malaysia kept its Overnight Policy Rate at 2.75%, the level since a 25-basis point hike last July. There were also 25-bp increases in March and May of 2010. On-year CPI inflati..."
"The Central Reserve Bank of Peru lifted its reference rate by 25 basis points for the third straight month and released a statement calling the action “preventive” in the face of risi..."
"Risk avoidance has been reinforced by Japan’s strongest quake in 100 years and the world’s severest in six years. Hawaii and other Pacific coasts are under a tsunami warning. S..."
"With a severe earthquake and tsunami hitting Japan, waves reaching as far as Hawaii and talk of Portugal requiring a bailout if Germany votes no on expanding the EFSF, we would be surprised if risk ap..."
"Despite solid industrial production and factory output data released today and inflation that is twice as high as the Bank of England medium-term target of 2%, officials on the nine-member Monetary Po..."
"Analysts had expected a base rate increase to 3.0% from 2.75% in February. It didn’t happen then but was done today. Three earlier tightenings of 25 basis points apiece were implemen..."
"U.K. pound in currency tradingSterling is lower in forex trading on the currency market today as the Bank of England keeps interest rates the same. Continued concern about inflation is weighing on for..."
Blog:
Global Forex BlogTidsstämpel: 2011-03-10 12:07
Taggar:
bank,
currency,
currency trading,
forex,
forex trade,
forex trading,
inflation,
market,
oil,
pound,
rate,
trading
"The pair had been under selling pressure for most of the Asian session already after China reported its first trade deficit in 11 months and German Trade data missed market estimates. The EUR/USD cam..."
"A slew of negative economic surprises along with an unexpected downgrade of Spain by Moody?s pushed risk FX lower through most of Asian and European session Top Stories Moody's downgrades Spain sendi..."
Blog:
Global Forex BlogTidsstämpel: 2011-03-10 08:24
Taggar:
aussie,
bank,
bull,
cable,
currencies,
currency,
economy,
employment,
finance,
gold,
industrial production,
inflation,
long position,
market,
oil,
point,
rate,
report,
retail sales,
trade balance
"The Reserve Bank of New Zealand Reduced its Official Cash Rate by 50 basis points to 2.5%, returning to the cyclical low maintained for 14 months following 575 basis points of ease between July 2008 a..."
"This week’s policy decision is a difficult read. Since splitting 6-3 in February, with six monetary policy committee members voting for no change, two wanting a Bank Rate hike of 25 basis..."
"Damages from the South Island earthquake on February 23rd may exceed 7.5% of of New Zealand GDP and perhaps even reach 10% of it. A majority but by no means all analysts expect the Reserve Bank..."
"The Bank of Thailand’s Monetary Policy Committee voted unanimously to lift its key interest rate to 2.5% from 2.5% today. Earlier rate hikes of the same size were announced on January 12..."
"The euro gained 0.1 percent on the dollar rising to $1.3924 in New York this morning as speculation grows the European Central Bank will buy bonds to help Eurozone countries facing debt pressures. Bon..."
"FX360.com | The lack of U.S. economic data this morning has once again led to relatively quiet trading in the foreign exchange market. The lack of U.S. economic data this morning has once again led..."
Blog:
Global Forex BlogTidsstämpel: 2011-03-09 10:21
Taggar:
bank,
bear,
bull,
cpi,
currency,
currency pair,
dollar,
economy,
employment,
finance,
foreign exchange,
inflation,
market,
oil,
point,
pound,
rate,
report,
retail sales,
trading
"Fx360.com | Australian Home Loan approvals declined for the first time in seven months. Australian Home Loan approvals declined for the first time in seven months as floods inundated the country&rsquo..."
"FX360 | It?s been a very quiet night of consolidation in the currency markets with EUR/USD still pressured by concerns over periphery credit as it spent most of the night below the 1.3900 level while..."
Blog:
Global Forex BlogTidsstämpel: 2011-03-09 06:55
Taggar:
aussie,
cable,
consumer confidence,
consumer sentiment,
cpi,
currency,
currency trade,
finance,
gold,
industrial production,
market,
oil,
pound,
price index,
rate,
trade balance,
trading
"Teddy Sagi’s SafeCap Investments continues to exercise a strategy which I think is right for a serious broker entering this market so late – acquisitions, acquisitions and more acquisition..."
"fx360.com With the rally in equities, the pullback in commodity prices and the rise in Treasury yields, the improvement in risk appetite should have driven the dollar lower. USD: NERVOUSNESS REIGNS &..."
Blog:
Global Forex BlogTidsstämpel: 2011-03-08 20:25
Taggar:
announcement,
aussie,
bank,
bear,
consumer confidence,
consumer sentiment,
currencies,
currency,
currency pair,
currency trade,
dollar,
economy,
employment,
finance,
financial,
industrial production,
inflation,
margin,
market,
oil,
point,
pound,
price index,
profit,
rate,
report,
retail sales,
spread,
trading
"German Bundesbank President Axel Weber, an unapologetic inflation-fighting hawk, suggested today that the ECB should and probably will implement a series of rate increases during 2011, not just one.&#..."
"The euro fell half a percent to $1.3901 by 7:57 am in New York after touching a four-month high yesterday. The sell-off was triggered by Moody’s downgrading of Greece which brought the euro debt..."
"EUR/USD was pressured all night long dropping to a low of 1.3921 in mid-morning European trade as sovereign debt concerns continued to dog the pair. FX360.com The EUR/USD was pressured all night lo..."
"Sterling loses ground in currency tradingThe U.K. pound is struggling today in forex trading on the currency market on the latest news about the changes to the monetary policy committee. The Bank of E..."
Blog:
Global Forex BlogTidsstämpel: 2011-03-08 10:45
Taggar:
aussie,
bank,
bear,
currencies,
currency,
currency trading,
dollar,
forex,
forex trade,
forex trading,
fx market,
market,
pound,
rate,
trading
"Japanese Yen selling off sharply against the dollar today, many traders may be wondering whether repatriation flows this year will be overshadowed by oil, interest rate differentials and other factors..."
"The euro has made steady gains against the dollar for the past week as speculation intensifies that the European Central Bank will lift interest rates sooner than previously expected. The euro matched..."
"I ended my previous post on the subject by noting that emerging market Central Banks were at a crossroads. Either they would raise interest rates and accept currency appreciation, or they would risk h..."
"One of the site’s visitors asked me about my testing results of the weekly Forex gap strategy and which pairs are best suited for such trading. As a ..."
"Today we had a couple of positive reports from the US, yet the euro continued to rise versus the dollar. The optimistic predictions about the nonfarm payrolls p..."
"The US economy created 192,000 jobs in February following a 63,000 increase in January. The unemployment rate ticked down slightly from 9.0 percent to 8.9 percent. The improvement comes just days afte..."
"Indonesian monetary authorities implemented their first rate hike last month since October 2008, a 25-basis point increase to 6.75%. There had previously been 17 consecutive monthly meetings wit..."
"Investors are looking for U.S. non-farm jobs to have advanced about 200K in February, which which would cap off a week with several encouraging labor market and other U.S. economic indications. ..."
"Real Forex has moved there servers to NY4 with fiber cross connections to more than 10 bank and non-bank liquidity providers for higher speed pricing and execution resulting in enhanced fill rates. In..."
"U.S. dollar falls in forex tradingThe U.S. dollar is falling in forex trading on the currency market today, helped lower by improved economic data and higher commodity prices. Euro looks to extend its..."
Blog:
Global Forex BlogTidsstämpel: 2011-03-04 09:02
Taggar:
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
gold,
inflation,
market,
oil,
rate,
trading
"Ahoy there pip pirates! I bring thee some news. The March (2011) issue of the Currency Trader magazine is ready for you to download. As far as I know this is the only magazine dedicated to currency t..."
"After 375 basis points of reduction from 8.25% to 4.5% during the first seven months of 2009, the benchmark Bank of Mexico interest rate has not been changed since July 2009. Analysts are not ex..."
"Central Bank interest rate meetings will be held next week in New Zealand, Thailand, Britain, South Korea and Peru. EU leaders are holding a summit at the end of the week. Japan is releasing the..."
"EUR/USD climbed today as European Central Bank President Jean-Claude Trichet said that the interest rates may be higher next month. The ECB maintained its benchmark interest rate unchan..."
"While proclaiming that the ECB Governing Council never pre-commits to a future interest rate change, President Trichet used code language to suggest a major likelihood of a rate increase in April. He..."
"Describing inflation risks as “balanced” within the 17-nation Eurozone, the European Central Bank left the region’s benchmark lending rate at 1 percent. For January, Eurozone inflati..."
"The EUR/USD ripped higher after ECB President Trichet telegraphed a possible rate hike next month. The rise in oil prices has hit a cord with the central bank, prompting them to step on the accelera..."
"Stocks are up 1.4% in Paris and Frankfurt and 1.3% in London ahead of the ECB press conference that starts at 13:30 GMT. The ECB left rates unchanged. Earlier today, equities gained 0.9% i..."
"Jean-Claude Trichet speaks of the possibility of a rate hike for AprilThe euro is higher in forex trading on the currency market today, thanks to talk of a possible interest rate hike. ECB president J..."
Blog:
Global Forex BlogTidsstämpel: 2011-03-03 14:34
Taggar:
currencies,
currency,
currency trading,
dollar,
economy,
forex,
forex trade,
forex trading,
gold,
market,
profit,
rate,
trading
"Swissie down in currency tradingThe Swiss franc is falling dramatically against other major currencies today as the latest news out of the region is reported. Retail sales in Switzerland are down, and..."
"COPOM, the Bank of Brazil’s policy-making committee, increased its Selic rate to 11.75% from 11.25%, bringing cumulative tightening over the past eleven months to 300 basis points in five steps..."
"In light of Wednesday?s survey from payroll services company ADP suggesting that 217,000 jobs were created in January, estimates for the upcoming Non-Farm Payroll report have been revised upwards to 1..."
"The ECB will not raise its 1.0% refinancing rate tomorrow, nor modify the deposit rate and marginal lending rate that symmetrically flank it at 0.25% and 1.75%. A signal of an imminent tightenin..."
"Narodowy Bank has implemented just one hike of its reference rate thus far, a 25-basis point increase on January 19 to 3.75%. From June 2008 to November 2008, the rate had crested at 6.0%, still..."
"Many are blaming the Fed's low-rate, easy money plan for the weak dollar. Will gold replace the dollar as the new reserve currency? CNBC's Rick Santelli; Marc Chandler, BBH global currency analyst; an..."
"EUR/USD advanced today as the signs of slower economic recovery in the US spurred the speculation that the Federal Reserve will stick to its quantitative easing..."
"The fourth quarter of 2010 proved to be a strong revival for the Canadian economy and has observers betting that the Bank of Canada will resume interest rate hikes sooner than previously expected. Ove..."
"The Australian Official Cash Rate was left at 4.75% as expected. Australia escaped the Great Recession, thanks to heads-up monetary and fiscal stimulus. The cash rate was slashed to 3.0% f..."
"The Bank of Canada quashed hopes that it would hint at an interest-rate increase coming soon.By Deborah Levine NEW YORK (MarketWatch) -- The Canadian dollar turned down against its U.S. counterpart o..."
"Investors are embracing an environment conducive to more risk taking and the reason for the ‘safe-haven’ currencies, JPY and CHF, to be leading the G10 selloff. This morning?s data shows E..."
"If last week?s musings by European Central Bank Governing Council member Yves Mersch failed to convince observers that a Eurozone interest rate hike is on the way, today?s inflation numbers should pro..."
"The dollar was weaker against most of the major currencies today as investors bet on the continuation of the “QEII” stimulus spending program. The euro was also boosted on speculation that..."
"It’s hard to overestimate the importance of proper strategy testing in Forex trading. Just taking a strategy out of your head and applying it to a re..."
"BNN looks at the currency markets ahead of the Bank of Canada's rate decision and ongoing events in North Africa with Kathy Lien, Director of Currency Research, GFT Forex.Copy and paste this link in t..."
"BNN looks at the currency markets ahead of the Bank of Canada's rate decision and ongoing events in North Africa with Kathy Lien, Director of Currency Research, GFT Forex."
"Very little net movement in either long- or short-term interest rates occurred during the four weeks of February. The dollar on balance performed even more weakly than in January, and stocks did..."
"The Colombian interest rate was raised today by 25 basis points in the first advance since July 2008. The benchmark central bank rate had been 3.0% since a 50-basis point cut on April 30, 2010 t..."
"On February 8th, the People?s Bank of China raised the one-year lending rate twenty-five basis points to 6.06 percent. This marked the third rate increase in four months and most observers believe mor..."
"EUR/USD dropped today as the reports showed that the US economy improved. The growth of GDP and the improvement of the confidence in the jobs mar..."
"Bank Rossii today escalated its attack on inflation. Propelled mostly by higher food costs, the 12-month rate of CPI inflation had risen to 9.6% in January from 8.8% in December, 8.1% in Novembe..."
"The US Commerce Department said today that the economy grew at an annual rate of 2.8 percent in the final quarter of 2010. The news was somewhat disappointing as projections called for 3.2 percent gro..."
"by Bryan Rich
I’ve given plenty of arguments in my Money and Markets columns over the past couple of years as to why I think the pontifications about the dollar’s demise are greatly exa..."
"With the vast market that makes up Forex trading, many dealers adopt their own tried and tested strategy before starting to deal. There are many different approaches but the one thing in common betwe..."
"EUR/USD rose today for the second day on the speculation that the European Central Bank will raise the interest rates before the Federal Reserve. The currency p..."
"January 2011 scorecard reveals 99.7 percent of trades executed in less than 1 second; 72 percent of limit orders price improved; 99.7 percent execution rate. FOREX.com also adds live spread feed for a..."
"U.K. pound loses ground to dollar, euroThe sterling is dropping in currency trading on the FX market as concerns about the British economy resurface. The latest retail numbers are not very encouraging..."
Blog:
Global Forex BlogTidsstämpel: 2011-02-24 16:31
Taggar:
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
fx market,
indicators,
inflation,
market,
oil,
pound,
rate,
trading
"The number of new claims for unemployment benefits for the week ended February 19th fell more than expected to 391,000. This is a decrease of 22,000 from the previous week and is the third week in the..."
"Concern over the ongoing violence in Libya has pushed oil prices to two-year highs and has boosted the Canadian dollar more than half a cent to 101.65 cents US. Oil futures could move even higher as t..."
"As investors speculate a rate cut by New Zealand's central bank, Kathy Lien, director of currency research at GFT, expects further downside in the Kiwi dollar."
"The world is watching the dollar’s inability to attract the traditional geopolitical safe haven bid. The situation in the Middle East has so far has seen funds being repatriated back to home cur..."
"Greenback in currency tradingThe U.S. dollar is sinking in forex trading on the currency market as traders focus on a variety of factors for the future. The possibility of inflation, with more BoE boa..."
Blog:
Global Forex BlogTidsstämpel: 2011-02-23 14:13
Taggar:
aussie,
currency,
currency trading,
dollar,
forex,
forex trading,
gold,
inflation,
market,
oil,
rate,
trading
"U.S. consumer confidence according to the Conference Board survey advanced 5.6 points to 70.4 in February and by 17.1 points over the first two months of this year. More confidence is being expr..."
"Relatively speaking, the Chinese Yuan has been on a tear, appreciating ~1% in a little more than a month. One has to wonder whether this is a concession by the People’s Bank of China (PBOC) that..."
"The S&P/Case-Shiller index which charts home prices in 20 U.S. cities, shows that home prices fell by 2.4 percent in the twelve months ending in December. This is a clear indication that recovery..."
"Despite the dramatic global events unfolding, Capital Markets are exuding remarkable calm. Will investors focus on the negative global sentiment or be guided by the strong hawkish comments from the EC..."
"Euro higher in forex tradingEuro is once again enjoying a boost in forex trading on the currency market, even as other high beta currencies fall against the U.S. dollar. With all of the uncertainty go..."
Blog:
Global Forex BlogTidsstämpel: 2011-02-22 11:01
Taggar:
consumer sentiment,
currencies,
currency,
dollar,
forex,
forex trade,
forex trading,
fx market,
market,
oil,
rate,
trading
"Greenback in currency tradingSo far, the U.S. dollar has been hanging in there, even as oil prices rise, thanks to the situation in Libya and other Middle Eastern countries. This is a bit unusual, sin..."
Blog:
Global Forex BlogTidsstämpel: 2011-02-22 10:49
Taggar:
currencies,
currency,
currency trading,
dollar,
forex,
forex trading,
inflation,
market,
oil,
point,
rate,
trading
"Following increases of Magyar Nemzeti Bank’s Base Rate by 25 basis points each on November 29, December 20, and January 24, such was left steady at 6.25% this month. 625 basis points of ea..."
"North American markets will be closed today to commemorate President’s Day in the United States and Family Day in Canada. Wintry weather has returned to the Northeast. China too has caught..."
"“In an effort to demonstrate our no-nonsense approach to the institutional FX market with our best of breed technology, PrimeXM is announcing a No Out-Trade Assurance. Going forward, any client..."
"Reserve ratios for large Chinese banks were lifted to 19.5% from 19.0%, effective February 24. There had been six increases of the ratio during 2010, the final three of which were crammed into f..."
"Consumer prices rose four percent in January adding further pressure to the Bank of England to raise interest rates from the current 0.5 percent. As speculation that the Bank will be forced to act wit..."
"U.K. pound gains in forex tradingThe sterling is higher in currency trading on the FX market today, thanks to the latest economic data. Positive economic data, including better than expected retail sa..."
Blog:
Global Forex BlogTidsstämpel: 2011-02-18 11:48
Taggar:
aussie,
bank,
currencies,
currency,
currency trading,
dollar,
forex,
forex trading,
fx market,
market,
pound,
rate,
retail sales,
trading
"Over the past 3 weeks, central banks around the world have made a number of comments that have affected rate hike expectations. On Jan 27th, I showed where rate hike expectations were at the time and..."
"The outlook for Europe and the U.S. remains mixed but on one thing all pundits can agree; 2011 will be Australia?s year. And even though the new year got off to an auspicious start with floods and ot..."
"Canadian dollar forex trading forecastThe loonie has reached a new high against the U.S. dollar in forex trading on the currency market. The Canadian dollar is gaining again, thanks to support from hi..."
Blog:
Global Forex BlogTidsstämpel: 2011-02-17 11:34
Taggar:
currency,
currency trading,
dollar,
financial,
forex,
forex trading,
loonie,
market,
oil,
point,
rate,
report,
trading
"Washington, DC ? The Commodity Futures Trading Commission (CFTC) announced that it obtained a federal court order freezing the assets held by defendants Keith F. Simmons of West Jefferson, N.C., Bryan..."
"Washington, DC ? The Commodity Futures Trading Commission (CFTC) announced that it obtained a federal court order freezing the assets held by defendants Keith F. Simmons of West Jefferson, N.C., Bryan..."
"Washington, DC ? The Commodity Futures Trading Commission (CFTC) announced that it obtained a federal court order freezing the assets held by defendants Keith F. Simmons of West Jefferson, N.C., Bryan..."
"The pound fell 0.7% against the dollar, depressed by the Bank of England?s quarterly Inflation Report, which predicted sub-2% CPI inflation late next year if rates were to rise as markets are discount..."
"The Bank of England’s Quarterly Inflation Report is one of the most important pieces of documents released by the central bank. The Inflation Report includes the central bank’s latest gro..."
"The BOE has sent a strong message this morning that it will not be hiking rates as rapidly as the market expects. King went as far as to say ?that some people are getting ahead of themselves?. This ha..."
"No additional policy changes have been undertaken by the Central Bank of the Republic of Turkey. Like many emerging economies, Turkey has experienced higher inflation. Whereas other centra..."
"The Riksbank Executive Board has implemented a fifth repo rate increase of 25 basis points following similar increments last July 1, September 2, October 25 and December 15. The rate level becom..."
"Central bank decisions have been announced in Japan, Sweden and Turkey. Euroland fourth-quarter GDP figures were weaker than forecast. The United States released retail sales, import price..."
"EUR/USD rose a little today after it dropped yesterday and currently it looks like it may resume its decline. This day, as well as the next two days, is rich for the ..."
"A jump in rent prices contributed to an increase in China’s inflation rate during the month of January. Excluding food, prices rose the most in six years to 4.9 percent from one year ago. The ne..."
"After meeting for five hours and 52 minutes over two days, the Policy Board agreed unanimously to retain a virtual zero interest rate monetary policy stance (ZIRP). Since October 5, the target o..."
"The U.S. has benefited from low-cost debt to rebuild the economy but the Treasury department issued a warning that the cost to service the debt will triple as interest rates rise. By 2016, it is expec..."
"Take a closer look at what a dealing desk is, and how ?no dealing desk? brokers stand up to dealers and market makers. GARY TILKIN PRESIDENT AND CEO, GFT Recently, there has been a lot of..."
Blog:
Global Forex BlogTidsstämpel: 2011-02-14 09:56
Taggar:
announcement,
bank,
brokers,
currency,
currency trading,
financial,
foreign exchange,
forex,
forex market,
market,
profit,
rate,
report,
spread,
trading
"Major dollar relationships have traded in generally narrow ranges for the most part so far this year. A number of themes have emerged, which in the aggregate have not imparted any cumulating mov..."
"In January, officials at the Bank of Korea raised their Base Rate by 25 basis points when analysts weren?t expecting a move, and on February 11 they kept the key rate at 2.75% when the market had been..."
"Bangko Sentral ng Pilipinas again left its key repo rate at 6.0% and reverse repo rate at 4%. The central bank is one of very few in Asia not to have begun raising rates, and the point is made i..."
"The statement released by the Monetary Policy Committee on February 10th fit the usual standard when no policy changes are implemented, stating the decision of keeping the Bank Rate at 0.5% and the as..."
"The big news of the final two days of this week came from Cairo today, the announced abdication of President Hosni Mubarak after 30 years of dictatorial rule and three weeks of relentless mass protest..."
"It was a tough week for the carry trader. The markets started out acquiring higher yields driven by solid global growth and seasonality in the carry and momentum strategies. By week’s end, the d..."
"Sterling fell 0.7 percent to $1.5984 in early afternoon trading in London today following the Bank of England’s decision to hold interest rates at the current level. Opinion is swiftly moving to..."
"There are a number of forces currently competing for control of forex markets: the ebb and flow of risk appetite, Central Bank currency intervention, comparative economic growth differentials, and num..."
"SignalTrader is the latest project of the guys behind Forexpros. Basically this is another take a the growing auto-trading strategies market. Traders can follow other traders’ signals and emulat..."
"A two-day drop in commodity prices has pushed the Canadian dollar to its lowest level in a week against the US dollar. The loonie declined 0.4 percent to 99.77 cents per US dollar this morning in New..."
"Retail forex traders you are not alone – if you thought that only the small fish get marked-up spreads or not the best rate available you were wrong. WSJ reports that some of America’s lar..."
"I just confirmed this with Interbank FX themselves as I wondered whether 99.9% execution rate relates to ALL deals sent by clients or just to those accepted and then later on rejected by liquidity pro..."
"The smart money, which says the Monetary Policy Committee will again elect not to change policy settings, may be whistling past the cemetery. Resistance to a bank rate hike of 25 basis points to..."
"With Japan’s benchmark interest rate holding steady at 0.1 percent for over two years now, investors in Japan are turning to foreign investments in the search for better yields. Investors outsid..."
"A rally on risk related assets continues to trigger some flows out of safe heaven instruments despite weaker data out of Germany and a Chinese rate hike. Even Fed member Lacker comments yesterday stat..."
"Euro gains amidst ECB succession speculationThe euro is heading higher on the FX market as forex traders consider the possible successor to Jean Claude Trichet. The European Central Bank's current pre..."
Blog:
Global Forex BlogTidsstämpel: 2011-02-09 13:00
Taggar:
bank,
currency,
currency trading,
dollar,
forex,
forex trade,
forex trading,
fx market,
inflation,
market,
rate,
trading
"U.S. dollar remains down against euro in forex tradingBen Bernanke's comments to Congress today aren't providing a lot of help for the U.S. dollar in forex trading. His praise of the greenback has hel..."
"For the third time in less than six months, China has raised its benchmark lending rate in a growing effort to slow the pace of growth in the rapidly-expanding economy. The one-year lending rate will..."
"With each Chinese rate hike, there has been a smaller and smaller impact on the currency market. The first rate hike back in October elicited the biggest reaction because it was the first rate hike i..."
"China raised interest rates for the third time since mid-October ahead of a report forecast to show inflation accelerated to the fastest pace in 30 months.
The benchmark one-year lending rate will inc..."
"The People’s Bank of China raised both its one-year lending rate and deposit rate by 25 basis points to 6.06% and 3.0%. Like the prior increase announced on Christmas Day, officials chose..."
"The repo rate had been cut by 50 basis points in November and 25 bps each in December and January but was left unchanged this month at 7.0%. 200 bps of cuts were implemented in the first half of..."
"After an uneventful Monday, markets finally have some important news: The Peoples Bank of China announced hikes of 25 basis points each in the one-year lending rate to 6.06% and in the one-year deposi..."
"The EUR bull?s seem to be finding their voice again, now that the currency, temporarily at least has survived it?s plummeting exercise since NFP. With Egypt?s financial system taking a step towards no..."
"Euro up against the U.S. dollar in currency tradingThe euro is heading higher in forex trading after the news that the ECB does plan to raise interest rates if above target inflation persists in the e..."
"Euro higher in forex tradingThe euro has been somewhat volatile in forex trading on the currency market recently, with some thinking the euro is overbought and headed lower, while some indications are..."
"Since the beginning of the month, the British pound has staged a dramatic rally against the U.S. dollar on the belief that the Bank of England will have to raise interest rates very soon. In slightly..."
"Greenback mixed in slow currency market tradeThe U.S. dollar is mixed in currency trading on the FX market as slow trade is the story of the day today. Indeed, the greenback is down against the U.K. p..."
Blog:
Global Forex BlogTidsstämpel: 2011-02-07 10:22
Taggar:
currency,
currency trading,
dollar,
employment,
forex,
forex trading,
fx market,
market,
pound,
rate,
trading
"Context is very important in foreign exchange trading. The December U.S. jobs report released on January 7 and today’s January labor market report both surprised markets in pretty much the..."
"EUR/USD extended its losses as the European Central Bank kept its main interest rates unchanged yesterday and as US unemployment rate dropped. On the other hand, non-farm..."
"Despite the jobless rate trending higher to 7.8 percent in January from December’s 7.6 percent, the Canadian economy created four times the number of new jobs than predicted. Employment rose by..."
"Analysts were caught offside by this morning’s Non-Farm Payroll report indicating that unemployment declined from 9.4 percent in December to to 9.0 percent. Total employment rose by 36,000 which..."
"Bank Indonesia became one of the last Asian central banks to begin raising interest rates today with a hike of 25 basis points in its benchmark to 6.75%. The move is being characterized as a pre..."
"Loonie in currency tradingThe Canadian dollar rallied in forex trading rather solidly earlier today after the release of employment market data. Reasonably good data out of the U.S. has helped somewha..."
Blog:
Global Forex BlogTidsstämpel: 2011-02-04 12:41
Taggar:
currency,
currency trading,
dollar,
economy,
employment,
forex,
forex trading,
loonie,
market,
point,
rate,
report,
trading
"Although Binary Options trading by nature is already risk controlled because you as a trader never lose more than your initial investment amount, there is an easy way to minimize your loss in the even..."
"Monetary officials at the Czech National Bank kept the two-week repo rate steady at 0.75%, which had been the universally expected outcome, and released a statement that does not imply a tightening be..."
"The National Bank of Romania left its monetary policy rate unchanged at 6.25%, its level since a 25-basis point cut last May 4th. There were five rate cuts from February 2009 to September 2009 t..."
"President of the European Central Bank Jean-Claude Trichet said that inflation risks are “broadly balanced”, reducing bets that ECB will raise interest rates and driving EUR..."
"As expected, the ECB kept its key interest rates — a 1.0% refinancing rate flanked by a 0.25% deposit rate and 1.75% on the marginal lending rate — unchanged and declared such to be still..."
"The euro declined for the second day following European Central Bank President Jean- Claude Trichet’s assessment that the risk of inflation within the Eurozone is “broadly balanced”..."
"Most of the EUR?s gain this week has come on the back of investors believing that the recent hawkish comments from Trichet warrant a Euro-zone rate hike sooner rather than later. The ECB is expected t..."
"Sedlabanki’s seven-day key lending rate was reduced to 4.25% from 4.5%. The marginal lending rate, 28-day CD rate, and deposit rate were each also sliced by 25 basis points to 5.25%, 4.0%..."
"Risk is on. Markets are returning to more normal conditions in which the low-yielding, debt-laden currencies underperform their higher-yielding brethren with the USD returning to being the market̵..."
"The Governing Council holds its February meeting this Thursday, a shorter-than-typical three weeks after its prior meeting on January 13. The more hawkish tone adopted in January will not be dro..."
"Factory sectors in the United States and Europe each expanded solidly in January. In the table below, a reading of 50.0 represents a neutral figure. The higher a reading is above 50, the f..."
"Following the two-month summer interval since the last RBA Board policy meeting, the Official Cash Rate (OCR) was kept at 4.75%, meeting analyst expectations. Seven previous rate hikes, most rec..."
"Global PMI surveys remain firmly in expansionary territory, with evidence of out performance. The market all week had been looking for an excuse to own Cable, and finally this morning we get it. UK?s..."
"Exports offset the effect of yen strength on Japanese economyOne of the concerns that Japan's leaders have had in the last few months has been the strength of the yen. Normally, Japan likes the yen to..."
Blog:
Global Forex BlogTidsstämpel: 2011-02-01 08:52
Taggar:
currencies,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
fx market,
market,
rate,
report,
trading
"Bank Rossii left its key refinancing rate at 7.75%, its level since June 2010. The rate had been cut by 425 basis points during 2009 and a further 100 bps over the first five months of 2009...."
"Consumer prices in the Eurozone rose by 2.4 percent in January compared to the same month one year ago. The sharp jump in prices is being attributed to higher energy and commodity costs and is sure to..."
"Inflation still rising. Energy prices have pushed the flash Euro zone CPI to a 27-month high (+2.4%), dragging the EUR with it and making the bears nervous. Even with Trichet’s recent hawkish c..."
"Euro in forex tradingInflation in the euro zone is still above the target set by the European Central Bank. The news is helping the euro today in forex trading on the currency market. Also helping is..."
"The US economy grew by 0.78 percent in the final quarter of 2010 pushing annualized growth to 3.2 percent. The increase was attributed to a 4.4 percent increase in consumer spending combined with a de..."
"There are many overlooked technical aspects to Binary Options that make them ideal for Forex strategy trading. The primary advantages, which we will summarize below, are related to leverage, risk/rewa..."
"Central banks in Australia, Euroland, the Czech Republic, Romania, Indonesia and Mexico hold interest rate policy meetings in the week to February 4. The ECB monthly Bulletin and Australian quar..."
"After nearly a year on credit watch, Standard & Poor’s acted today cutting Japan’s credit rating to AA-. News of the rating reduction sent the yen lower by 0.9 percent to 82.89 yen to..."
"New applications for jobless benefits rose unexpectedly by 51,000 to 454,000 in the week ending January 22nd. According to the Labor Department, snowstorms delayed the processing of some claims and th..."
"The price of oil fell below $87 a barrel as investors moved to the sidelines to consider President Barack Obama’s comments outlining efforts to help the US recovery. In his State of the Union Ad..."
"Policymakers at Bank Negara Malaysia retained a 2.75% key rate, its level for the past half-year. The Monetary Policy Committee doesn’t meet again until March 11. There were three ra..."
"FXIntel the service I highlighted over a year ago and which allows you to monitor broker performance by tracking down their rates for various currency pairs over a time span of a few hours and up to o..."
"Wondering when a central bank is set to raise interest rates? Here’s what the market pricing in for each of the major central banks. As you can see, a full 25bp of tightening has not been pric..."
"The Norges Bank as expected, retained a 2.0% key interest rate level, same as since May 2010 for essentially the same reasons as given in December. Core inflation is running at about 1.5%, a per..."
"The FOMC rate decision is this afternoon and I have written a number of comments on what to look for and the potential outcome for the first FOMC announcement of the year. The 2 major things to watch..."
"The Canadian dollar gained 0.3 percent rising to 99.55 cents per US dollar at 8:24am in New York this morning. An increase in commodity prices helped reverse the Canadian dollar’s three-day losi..."
"The Federal Open Market Committee meets today for the first of eight scheduled dates in 2011. A statement at 19:15 GMT is not expected to modify policy. Minutes from the Bank of England’s..."
"What will this do to the U.S. dollar forex trading forecast?The Congressional Budget Office believes that the deficit will grow in fiscal year 2011. The latest analysis indicates that with spending --..."
"Mervyn King will not be swayed by ?adverse publicity over high inflation?. The BOE believes that the increase in prices are not domestically generated. Similar to most CBankers, King is expected to le..."
"U.S. dollar slightly higher in forex tradingThe U.S. dollar is slightly higher in forex trading on the currency market as hopes of an improving economy boost U.S. assets. The U.S. stock market is high..."
"The official cash rate, which has been 3.0% since a second hike of 25 basis points in July 2010, was again left unchanged. The first hike of 25 bps was made in June 2010 from a cyclical low of 2..."
"The Reserve Bank of India today implemented another round of 25-basis point hikes in its key repo lending rate to 6.5% and its reverse repo borrowing rate to 5.5%. Officials also retained their..."
"Following five hours and 53 minutes of deliberations over two days, the BOJ’s Policy Board retained a 0.0-0.1% target range on overnight money rates in a unanimous 9-0 vote. The target had been..."
"Euro, pound lower against the U.S. dollarRisk appetite is all but gone on the forex market today. Forex traders are a bit cautious as concerns about various economies comes into play. They are waiting..."
Blog:
Global Forex BlogTidsstämpel: 2011-01-25 08:49
Taggar:
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currencies,
currency,
currency trading,
dollar,
economy,
forex,
forex market,
forex trade,
forex trading,
inflation,
market,
point,
pound,
rate,
trading
"The process of gradual interest rate normalization took another step today in a move that analysts mostly anticipated. This was the seventh increase so far but the first in four months. Al..."
"Officials at Magyar Nemzeti Bank raised the Hungarian Base Rate by 25 basis points for a third straight month and suggested further increases could occur in the future. A statement from the cent..."
"The British pound decreased 0.3 percent to $1.5950 by 1:00 pm in London today as the likelihood of an interest rate increase appeared less certain.
?Expectations that there will be an interest-rate h..."
"Gain Capital has finally completed the integration of VT Trader and will soon launch it. Gain Capital has acquired CMS Forex’s retail business and migrated all its clients to its proprietary pla..."
"A 0.8 percent decline in retail sales brought about by rising consumer prices triggered the fourth straight day of losses for the British pound. The decline was the worse on record for a December when..."
"The euro rose 0.4 percent to $1.3566 in New York this morning as a report showed business confidence in Germany beat predictions and rose to a record high in January.
?Recent data suggested the econom..."
"Another free e-book was added to EarnForex.com today — Killer Patterns by Philip Birchley. It’s very short — just 22 pages, including title, disclaimer and o..."
"During the week to January 28, 2011, central banks will be making interest rate policy announcements in the United States, Japan, Norway, New Zealand, India, Hungary, Hong Kong, Israel, and Malaysia.&..."
"South African monetary officials, who meet less frequently than most central bank policy boards, implemented three rate reduction in 2010 including its prior two meetings in July and November. T..."
"The one-week repo rate of the Central Bank of the Republic of Turkey has been reduced another 25 basis points to 6.25%. Such was cut 50 basis points in the middle of last month, its first change..."
"Emerging markets retreat on currency marketEmerging market currencies are struggling today in forex trading. Indeed, emerging markets in general are finding difficulties right now. A lot of it has to..."
Blog:
Global Forex BlogTidsstämpel: 2011-01-20 12:33
Taggar:
currencies,
currency,
dollar,
economy,
forex,
forex trade,
forex trading,
inflation,
market,
rate,
trading
"The monetary policy committee, COPOM, has implemented a fourth hike in its key Selic rate, which now becomes 11.25%. From a low of 8.75%, three increases of 75 basis points, 75 bps and 50 bps we..."
"US housing starts fell 4.3 percent to an annualized rate of 529,000 in December. This is the lowest level since October 2009 providing further evidence that the economy continues to struggle to gain t..."
"The Monetary Policy Committee of the Narodowy Bank lifted its key reference rate by 25 basis points to 3.75%, effective tomorrow. Roughly two-thirds of analysts anticipated this initial tighteni..."
"Sovereign debt fears set aside for the momentFor the moment, fears about sovereign debt in the euro zone have been set aside and the euro is gaining in forex trading. Indeed, the U.S. dollar is lower..."
"Bank of Canada officials decided to keep its overnight money rate at 1.0%, flanked by a 1.25% Bank Rate and a 0.75% deposit rate. A new statement from monetary officials does not flag a hei..."
"The Bank of Canada has left its trendsetting interest rate at one per cent, unchanged since it last raised rates in September. The central bank says global conditions have improved slightly since its..."
"An increase in inflation to 4.8 percent from 4.7 percent in December has ramped up pressure on the Bank of England to raise interest rates to ease price increases. According to the Office for National..."
"U.K. pound gains against the U.S. dollar in currency tradingSterling is heading higher in forex trading on the currency market as inflation provides a boost. Indeed, inflation in the U.K. is providing..."
Blog:
Global Forex BlogTidsstämpel: 2011-01-18 09:05
Taggar:
bank,
currency,
currency trading,
dollar,
economy,
forex,
forex trade,
forex trading,
fx market,
inflation,
market,
pound,
rate,
trading
"Analysts predict that the Bank of Canada will leave the overnight rate at the current one percent when it announces its interest rate decision Tuesday morning at 9 a.m. Toronto time. In fact, bets are..."
"The first of eight scheduled interest rate policy announcements in 2011 is set for 14:00 GMT on Tuesday. Canadian monetary officials have three options: 1) keep policy in a pause and provide no..."
"Investors abandoned the euro after five days of gains and ahead of a European finance ministers meeting set for later today. European Union Economic and Monetary Commissioner Olli Rehn said officials..."
"European finance chiefs start work today on a revamped debt-crisis-fighting strategy with Germany easing its opposition to an expanded arsenal and Portugal insisting it will get by without an aid pack..."
"U.S. markets are closed Monday for Martin Luther King’s birthday. Central bank interest rate meetings will be held next week in Canada, Brazil, Mexico, Poland and Turkey. The Bank of Canad..."
"A 2.3 percent jump in energy prices from November to December pushed inflation higher in the Eurozone while consumer prices rose 0.6 percent. European Central Bank president Jean-Claude Trichet warned..."
"The People’s Bank of China raised reserve requirements. For big banks, such will become 19% on January 20, up from 18.5%. There have so far been seven increases of reserve requiremen..."
"Chile’s central bank ended a string of seven consecutive monthly interest rate hikes totaling 275 basis points to 3.25%. Some analysts had projected an eighth consecutive increase after ne..."
"The Bank of England’s Monetary Policy Committee announced today that the benchmark lending rate would be held at 0.5 percent. The MPC also said there were no immediate plans for further economic..."
"The Bank of England web site has confirmed that the Monetary Policy Committee left the Bank Rate at 0.5%, its level since March 2009, and did not expand the GBP 200 billion ceiling on the Asset Purcha..."
"Sterling still gains against the U.S. dollarIn a move that wasn't terribly surprising, the Bank of England kept its interest rate steady. However, maintaining the interest rate at its low rate is beco..."
Blog:
Global Forex BlogTidsstämpel: 2011-01-13 11:35
Taggar:
bank,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
inflation,
point,
rate,
trading
"Political tensions had persuaded the Bank of Korea’s Monetary Policy Committee not to raise interest rates in December as it had done in November and July, and analysts were anticipating a simil..."
"During this prolonged span of ultra-low interest rates, the Governing Council of the European Central Bank has preferred to introduce initiatives and pertinent information at its March, June, Septembe..."
"Thai monetary officials implemented the fourth interest rate increase in five meetings, lifting such to 2.25% from a cyclical low of 1.25% prior to mid-2010. Policymakers met previously on Decem..."
"Portugal sold ?599 million of 10-year debt at an average yield of 6,716 per cent today.
This was lower than the 6.806 per cent yield it paid at its previous sale on November 10th, suggesting investor..."
"Describing China’s policies as having the “effect of keeping the Chinese currency substantially undervalued”, US Treasury Secretary Timothy Geithner said in a speech in Washington th..."
"Currency trading with the euroThe euro is finding strength in forex trading on the currency market today as developments in Europe help lend some strength. The multi-nation currency is heading higher..."
"Bank of England policy is stalemated, with the Bank Rate at 0.5% since March 2009 and the GBP 200 billion limit on the asset purchase program exhausted since end-January 2010. The October, Novem..."
"Accumulation driven by speculative inflowsChina continues to build its forex reserves at a rather rapid rate. Indeed, China appears bent on increasing its holdings -- in spite of the country's declini..."
"The latest issue of The Economist includes a new monthly survey of forecasters’ growth and price forecasts for a variety of advanced economies. A significant upward revision was made to pr..."
"EUR/USD continued to move down today on fears of debt crisis in Europe, even though poor employment reports could have weakened the dollar. Unemployment rate showed positive c..."
"Because of strong seasonal distortions, the weeks on either side of New Year’s Day are a difficult time to get an accurate pulse of currency market sentiment. Against European currencies..."
"If not mistaken this is exactly how Oanda got their foothold so strong in this market so it’s an interesting way to penetrate the highly attractive yet difficult (regulatory-wise) market. I̵..."
"JPMorgan issued a statement that the US dollar will lose ground this year as the Federal Reserve maintains record low interest rates to stimulate spending. The statement also suggested the deficit and..."
"December’s US labor report indicates that 103,000 jobs were created in the final month of the year lowering the unemployment rate to 9.4 percent. While positive, the results were lower than the..."
"Statistics Canada announced this morning that the Canadian economy added 22,000 jobs in the month of December. The official unemployment rate remained unchanged at 7.6 percent but the report noted mos..."
"Peru has had one of the fastest-growing economies. So while a sixth rate increase announced late yesterday by the Central Reserve Bank of Peru surprised analysts in its timing, the move made con..."
"EUR/USD slid 0.2% and below the key $1.3000 level ahead of the U.S. monthly labor force survey. Analysts revised up their employment forecasts this week to nearly 200K, and some whisper numbers..."
"The risk this morning is being too optimistic. The market is geared for a strong employment report with consensus of +150k and an unemployment rate of +9.7%. Anything close to expectations or softer w..."
"Sterling higher in currency tradingInflation continues in Britain, and that means that the Bank of England may be interested in raising rates at their next meeting. Inflation has been above target for..."
Blog:
Global Forex BlogTidsstämpel: 2011-01-07 11:54
Taggar:
bank,
currencies,
currency,
currency trading,
dollar,
economy,
fx market,
inflation,
market,
rate,
trading
"U.S. dollar gains against euro in forex tradingBen Bernanke has once again dampened hopes of a fast economic recovery. His most recent assessment of the economy is that things are likely to continue a..."
Blog:
Global Forex BlogTidsstämpel: 2011-01-07 11:44
Taggar:
aussie,
currencies,
dollar,
economy,
forex,
forex trade,
forex trading,
market,
point,
rate,
trading
"Barclay’s argues that if non-farm payrolls surprise to the upside, the Canadian dollar will be the best performer.
How does an investor position for such an upside surprise? The temptation is..."
"The Canadian dollar extended its winning ways over its US counterpart rising 0.1 percent to US$1.0050. The loonie is benefiting from improving growth and employment numbers both at home and in the US..."
"The euro declined 0.3 percent to a one-week low of $1.3106 by 8:30 am in New York this morning as investors worried that the slowing rate of growth in the Eurozone could prolong the debt crisis.
?The..."
"The dollar is generally firm, supported by yesterday’s ADP employment report, higher market interest rates, European economic divergence, and lingering euro area peripheral debt concerns. ..."
"U.K. pound forex trading forecastSterling is lower in currency trading on the FX market today, struggling as economic news shows that things in Britain are not recovering as much as expected. The late..."
Blog:
Global Forex BlogTidsstämpel: 2011-01-06 08:14
Taggar:
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
fx market,
market,
pound,
rate,
report,
trading
"Unlike other Asian countries like China, Malaysia, India, South Korea and Thailand where central bank rates are already in uptrends, Bank Indonesia’s benchmark rate remains at its cyclical low.&..."
"With a new year upon us, currency traders are once again turning to the old crystal ball in an attempt to predict interest rate actions for the major economies. While there are many storylines to watc..."
"Romania’s monetary policy is hand-cuffed by the conflicting problems of disappointingly low economic growth, much higher-than-targeted CPI inflation, and deficient private-sector credit growth.&..."
"The beginning of the new year looks good for the dollar as virtually all reports from the US so far showed positive results and today’s reports weren̵..."
"Robert Sinche, global head of currency strategy at Royal Bank of Scotland Group Plc?s RBS Securities unit, said in an interview today that the Australian dollar is set to make gains in the new year.
?..."
"According to payroll services firm ADP, the US economy created 297,000 jobs in December. A Labor Department report in two days is expected to show companies added 150,000 workers last month and the un..."
"The FOMC minutes reveled that the Fed was more optimistic in its view of US economic growth, but has no plans to raise interest rates or normalize policy at an aggressive pace soon as the FOMC committ..."
"The recent decline in the Australian dollar is a good opportunity to buy the currency against the euro and greenback, says Kathy Lien, director of currency research at GFT. She shares her FX trading s..."
"FXCM Unveils Free Forex Digital Expo FXCM just announced that it digitalized its expo material. Early 2010 FXCM participated in the Las Vegas expo and www.fxcmexpo.com shows some recorded webinars and..."
"We are back and already the weak EUR shorts resolve is being tested in the O/N session. With little data of significance in the US this morning, one should expect the market to sit on its hands until..."
"Here are my three New Year’s Trading Resolutions for 2011, posted recently on FXstreet.com: http://www.fxstreet.com/education/trading-strategies/2011-resolutions/2010/12/29/07/ .
James Chen, CTA..."
"The year 2010 has ended and it’s time to evaluate its results. One full year is an optimal period for measuring the effectiveness of your trading strategies. E..."
"Year 2010 wasn’t as rich on surprises as 2009 and 2008. That’s probably why my last yearly forecast wasn’t as inaccurate as usually. The major..."
"The dollar tends to fall against the dominant European currency in the second half of December but then recoup ground in the first half of January. These tendencies have occurred too frequently..."
"No holiday is more widely celebrated around the world than New Year’s Day. British, Australian and Japanese markets will remain closed on Monday, and New Zealand’s observance will ex..."
"The Central Bank of the Republic of China implemented a third set of interest rate increases, each amounting to 12.5 basis points. The prior two increases were announced June 8 and September 30t..."
"The government and Bank of Japan December economic assessments depicted a continuing pause, with weakening exports hitting industrial production and business sentiment turning more cautious. Mil..."
"Bangko Sentral Ng Pilipinas retained its key 6.0% overnight lending and 4.0% overnight borrowing rates. When the economy was contracting those rates were cut six times by a total of 200 basis po..."
"The Bank of Israel’s key interest rate was left at 2.0%, matching expectations. There so far have been six increases of 25 basis points each but none since September. In a released s..."
"The Chinese rate hike has been brushed aside by the lightly staffed trading desks. It was expected and mostly priced into the market. A logical reaction would have been a stampede towards safety asset..."
"The People’s Bank of China implemented a second rate increase, lifing its key lending rate to 5.81% from 5.56% and 5.31% at the beginning of 4Q10. The central bank deposit rate is now 2.75%, up..."
"China raised interest rates for the second time since mid-October to counter the fastest inflation in more than two years and more moves may follow.
The benchmark one-year lending rate will rise by 25..."
"Chinese interest rate hike prompts safe haven interestThe U.S. dollar is lower in currency trading on the FX market against the Japanese yen. A lot of that has to do with the fact that China has hiked..."
Blog:
Global Forex BlogTidsstämpel: 2010-12-27 13:15
Taggar:
currency,
currency trading,
dollar,
economy,
forex,
forex trade,
forex trading,
fx market,
market,
rate,
trading
"China?s monetary tightening in 2011 may be mainly in the first half as officials tackle the fastest inflation in more than two years, JPMorgan Chase & Co. and Morgan Stanley said.
The People?s Ba..."
"EUR/USD extended its losses, after it advanced earlier today, as Fitch Ratings cut of Hungary’s credit rating and put Greece?s rating on review for downgrade. US macroec..."
"The dollar has lost 0.7% against the yen and 0.5% versus the Australian and New Zealand dollars but is otherwise very steady with no change against the euro, yuan, and Canadian dollar, a 0.1% uptick a..."
"This is only the sixth time since the dollar floated in 1973 when Christmas Day and New Year’s Day fall on a Saturday. That’s the most disruptive of configurations, because some coun..."
"Officials at the Narodowy Bank voted to leave its interest rate structure unchanged, which was the result analysts were anticipating. The key 3.5% key reference rate has already been at this lev..."
"EUR/USD rose today, but later erased gains as reports showed growth of gross domestic product and existing home sales. The readings were lower than analysts forecast, though. EUR/U..."
"An increase in the price of crude helped lift the Canadian dollar 0.2 percent to CA$1.155 per US dollar by 8:00 am in Toronto this morning. This ended a four-day losing streak against the US greenback..."
"The US economy grew at an annualized rate of 2.6 percent in the third quarter but failed to meet expectations of 2.8 percent. Despite this, most pundits felt the overall news was positive.
?The pace o..."
"The key two-week repo rate was left at 0.75% as widely expected and will continue to be flanked by a 0.25% discount rate and a 1.75% Lombard Rate. Eight cuts from August 2008 through May 2010 re..."
"After meeting on Monday and Tuesday for a combined six hours and forty minutes, the Policy Board released a statement yesterday that by a 9-0 vote Reaffirmed an target range of zero to 0.1% for the un..."
"Japan has kept its key interest rate at between zero and 0.1% as policymakers continue to try to bolster the country’s fragile economic recovery.
The central bank warned that the recovery “..."
"Canada?s consumer prices advanced less than forecast in November as cost increases for energy and food moderated, giving the Bank of Canada scope to hold interest rates steady until the second quarter..."
"Magyar Nemzeti Bank, which had cut its base rate fourteen times from 11.5% at the start of November 2008 to 5.25% by end-April 2010, announced a second consecutive monthly advance of 25 basis points t..."
"The euro edged 0.1% lower against the dollar, which otherwise shows losses of 0.5% versus the kiwi, 0.4% against the Swiss franc, 0.3% relative to the Australian dollar, yen and sterling, and 0.2% aga..."
"Based on nominal exchange rates, the Chinese Yuan has appreciated by a modest 2% against the US Dollar since the month of September (when the People’s Bank of China (PBOC) adjusted the currency..."
"The Central Bank of the Republic of Colombia left its monetary policy rate at 3.0%, the level since a 50-basis point cut last April. That was the only rate change in 2010, but 600 basis points o..."
"The week before Christmas has generally less activity than the week after. Many markets, including the United States, will be shut Friday. Britain is closed the following Monday and Tuesda..."
"The Central Bank of the Republic of Turkey is taking an unconventional approach to stem excessive hot money inflows that have put upward pressure on the Turkish lira and which, officials fear, could c..."
"The Swiss National Bank left its three-month Libor rate target at 0.25% within a corridor of zero to 0.75%. That’s been the target since March 2009 following reductions of 25 basis points..."
"The Reserve Bank of India left its policy interest rates unchanged but announced measures to release some primary liquidity in the money market system to alleviate some strains caused by rupee appreci..."
"Applications for new unemployment claims fell by 3,000 last week to a total of 420,000. This was slightly better than forecast but the number of people receiving unemployment insurance and extended be..."
"Ecofin, the group of European finance ministers, are meeting in Brussels to solidify response to euro area debt crisis. No much new is expected. Central bank policymakers in India, Switzer..."
"Loonie in forex tradingNow is the time to start positioning yourself so that you are selling sterling against the loonie in forex trading, according to the Bank of Tokyo. In a note to investors, the B..."
Blog:
Global Forex BlogTidsstämpel: 2010-12-16 08:40
Taggar:
bank,
currency,
currency trading,
dollar,
forex,
forex trading,
loonie,
pound,
rate,
report,
trading
"The Central Bank of Chile boosted its overnight rate after every monthly policy meeting since June. With another 25 basis points announced today, the key rate has climbed from 0.5%, the level fr..."
"Price action on Gold (a 4-hour chart of which is shown) as of Wednesday (12/15/2010) has continued to respect a parallel uptrend channel that extends back to the late July low. This channel represents..."
"A fourth 25-basis point repo rate hike to 1.25% was announced by the Riksbank and will become effective a week from today. Minutes of this week’s Executive Board meeting, where policymaker..."
"Despite recent signals that the US economy is gaining in strength, the Federal Open Market Committee (FOMC) said it will continue to follow through on plans to inject another $600 billion into the eco..."
"Analysts with the Royal Bank of Canada (RBC) predict that the Canadian economy will accelerate at a slightly faster rate in 2011 once the present slow down passes. Growth slowed in the third quarter o..."
"BofA Merrill said that new platform will allow clients to obtain two-way dealable prices and execute trades live or with delta exchange. According to the BofA Merrill, the new options capabilities wil..."
"We might downgrade, we might not downgrade. Moody?s stating that they are considering downgrading Spanish Government debt further is just another example of irresponsible credit management reporting..."
"Basics of FOREX trading on the move
If you have a laptop, travel in your business, and are a FOREX investor, you can benefit from trading while you?re on the move. FOREX trading is very straightforw..."
"The FOMC, as one might imagine, was in no mood to rock the boat and felt no compelling reason to introduce significantly new material. No modification was made in the parameters of QE2 or the ze..."
"Bank of Canada Governor Mark Carney used a press conference in Toronto to once again warn of the risk posed by Canada’s rising household debt levels. Specifically, Carney warned that the cost to..."
"Is there a seasonal bias toward dollar weakness in the second half of December? No such case can be made about dollar/yen. However, the dollar has declined against the dominant currency of..."
"The strategy to generate growth on the two sides of the Atlantic could not be any more different. The U.S. government is cutting taxes and raising government debt - hoping that increased spending wil..."
"An increase in commodity prices including oil has helped push the Canadian dollar to four straight days of gains against its US counterpart. Today’s announcement that China will hold the line on..."
"The People’s Bank of China failed to complement the recent increase of reserve requirements with an increase in central bank interest rates. The move in reserve requirements, it is now cle..."
"Currency trading with the greenbackThe U.S. dollar is lower in forex trading on the currency market today, thanks a cautious return of risk appetite. High beta currencies (except the pound) are gettin..."
Blog:
Global Forex BlogTidsstämpel: 2010-12-13 09:14
Taggar:
aussie,
bank,
currencies,
currency,
currency trading,
dollar,
economy,
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market,
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trading
"Inflation in China has risen to a 28-month high, sparking warnings of new interest rate rises.
The inflation rate, measured by the consumer price index, rose 5.1% year-on-year in November, an increase..."
"Washington, DC ?The U.S. Commodity Futures Trading Commission (CFTC) announced that it obtained more than $26 million in restitution and civil monetary penalties against defendants Kenneth W. Lee of M..."
"Washington, DC ?The U.S. Commodity Futures Trading Commission (CFTC) announced that it obtained more than $26 million in restitution and civil monetary penalties against defendants Kenneth W. Lee of M..."
"Washington, DC ?The U.S. Commodity Futures Trading Commission (CFTC) announced that it obtained more than $26 million in restitution and civil monetary penalties against defendants Kenneth W. Lee of M..."
"Washington, DC ?The U.S. Commodity Futures Trading Commission (CFTC) announced that it obtained more than $26 million in restitution and civil monetary penalties against defendants Kenneth W. Lee of M..."
"Washington, DC ?The U.S. Commodity Futures Trading Commission (CFTC) announced that it obtained more than $26 million in restitution and civil monetary penalties against defendants Kenneth W. Lee of M..."
"Washington, DC ?The U.S. Commodity Futures Trading Commission (CFTC) announced that it obtained more than $26 million in restitution and civil monetary penalties against defendants Kenneth W. Lee of M..."
"Washington, DC ?The U.S. Commodity Futures Trading Commission (CFTC) announced that it obtained more than $26 million in restitution and civil monetary penalties against defendants Kenneth W. Lee of M..."
"Washington, DC ?The U.S. Commodity Futures Trading Commission (CFTC) announced that it obtained more than $26 million in restitution and civil monetary penalties against defendants Kenneth W. Lee of M..."
"Washington, DC ?The U.S. Commodity Futures Trading Commission (CFTC) announced that it obtained more than $26 million in restitution and civil monetary penalties against defendants Kenneth W. Lee of M..."
"Washington, DC ?The U.S. Commodity Futures Trading Commission (CFTC) announced that it obtained more than $26 million in restitution and civil monetary penalties against defendants Kenneth W. Lee of M..."
"Washington, DC ?The U.S. Commodity Futures Trading Commission (CFTC) announced that it obtained more than $26 million in restitution and civil monetary penalties against defendants Kenneth W. Lee of M..."
"Washington, DC ?The U.S. Commodity Futures Trading Commission (CFTC) announced that it obtained more than $26 million in restitution and civil monetary penalties against defendants Kenneth W. Lee of M..."
"Washington, DC ?The U.S. Commodity Futures Trading Commission (CFTC) announced that it obtained more than $26 million in restitution and civil monetary penalties against defendants Kenneth W. Lee of M..."
"Washington, DC ?The U.S. Commodity Futures Trading Commission (CFTC) announced that it obtained more than $26 million in restitution and civil monetary penalties against defendants Kenneth W. Lee of M..."
"Washington, DC ?The U.S. Commodity Futures Trading Commission (CFTC) announced that it obtained more than $26 million in restitution and civil monetary penalties against defendants Kenneth W. Lee of M..."
"Washington, DC ?The U.S. Commodity Futures Trading Commission (CFTC) announced that it obtained more than $26 million in restitution and civil monetary penalties against defendants Kenneth W. Lee of M..."
"Washington, DC ?The U.S. Commodity Futures Trading Commission (CFTC) announced that it obtained more than $26 million in restitution and civil monetary penalties against defendants Kenneth W. Lee of M..."
"Washington, DC ?The U.S. Commodity Futures Trading Commission (CFTC) announced that it obtained more than $26 million in restitution and civil monetary penalties against defendants Kenneth W. Lee of M..."
"Washington, DC ?The U.S. Commodity Futures Trading Commission (CFTC) announced that it obtained more than $26 million in restitution and civil monetary penalties against defendants Kenneth W. Lee of M..."
"Washington, DC ?The U.S. Commodity Futures Trading Commission (CFTC) announced that it obtained more than $26 million in restitution and civil monetary penalties against defendants Kenneth W. Lee of M..."
"Washington, DC ?The U.S. Commodity Futures Trading Commission (CFTC) announced that it obtained more than $26 million in restitution and civil monetary penalties against defendants Kenneth W. Lee of M..."
"Washington, DC ?The U.S. Commodity Futures Trading Commission (CFTC) announced that it obtained more than $26 million in restitution and civil monetary penalties against defendants Kenneth W. Lee of M..."
"Washington, DC ?The U.S. Commodity Futures Trading Commission (CFTC) announced that it obtained more than $26 million in restitution and civil monetary penalties against defendants Kenneth W. Lee of M..."
"Washington, DC ?The U.S. Commodity Futures Trading Commission (CFTC) announced that it obtained more than $26 million in restitution and civil monetary penalties against defendants Kenneth W. Lee of M..."
"Washington, DC ?The U.S. Commodity Futures Trading Commission (CFTC) announced that it obtained more than $26 million in restitution and civil monetary penalties against defendants Kenneth W. Lee of M..."
"Washington, DC ?The U.S. Commodity Futures Trading Commission (CFTC) announced that it obtained more than $26 million in restitution and civil monetary penalties against defendants Kenneth W. Lee of M..."
"Washington, DC ?The U.S. Commodity Futures Trading Commission (CFTC) announced that it obtained more than $26 million in restitution and civil monetary penalties against defendants Kenneth W. Lee of M..."
"Washington, DC ?The U.S. Commodity Futures Trading Commission (CFTC) announced that it obtained more than $26 million in restitution and civil monetary penalties against defendants Kenneth W. Lee of M..."
"Washington, DC ?The U.S. Commodity Futures Trading Commission (CFTC) announced that it obtained more than $26 million in restitution and civil monetary penalties against defendants Kenneth W. Lee of M..."
"Washington, DC ?The U.S. Commodity Futures Trading Commission (CFTC) announced that it obtained more than $26 million in restitution and civil monetary penalties against defendants Kenneth W. Lee of M..."
"Washington, DC ?The U.S. Commodity Futures Trading Commission (CFTC) announced that it obtained more than $26 million in restitution and civil monetary penalties against defendants Kenneth W. Lee of M..."
"Washington, DC ?The U.S. Commodity Futures Trading Commission (CFTC) announced that it obtained more than $26 million in restitution and civil monetary penalties against defendants Kenneth W. Lee of M..."
"Washington, DC ?The U.S. Commodity Futures Trading Commission (CFTC) announced that it obtained more than $26 million in restitution and civil monetary penalties against defendants Kenneth W. Lee of M..."
"China again has taken the easier option this morning ahead of its inflation numbers tomorrow. They raised Bank?s required reserve ration by 50bp (18.5%) instead of hiking interest rates. This will cer..."
"Following five consecutive monthly increases in Peru’s monetary policy reference rate, there have now been three meetings without a change in the 3.0% rate. The combined increase of 175 ba..."
"Over the week to December 17, central bank interest rate setters will meet in the United States, Norway, Sweden Hong Kong, Switzerland, India, Chile, Colombia and Turkey. Ecofin, the group of EU..."
"COPOM, the interest-rate setting committee at the Bank of Brazil, failed to hike its benchmark interest rate further at the third consecutive meeting, matching decions made October 20 and August 31.&#..."
"Inflation in Germany reached a two-year high of 1.5 percent in November due largely to an increase in the cost of food and energy. The inflation rate for the previous two months was 1.3 percent. With..."
"The Bank of England’s Monetary Policy Committee (MPC) has voted to maintain interest rates at 0.5 percent and offered no information on an extension of its earlier Quantitative Easing spending p..."
"Like the Bank of Korea, New Zealand’s central bank has so far implemented just two rate increases of 25 basis points each, which were implemented in June and July of this year. Today, as a..."
"The Bank of Korea left its seven-day repo rate at 2.5%, having raised such previously only twice and by 50 basis points in all, which is less than many other central banks in Asia. Those ad..."
"Having made no change in its interest rate or asset purchase settings, the Bank of England’s statement today defers any detailed discussion to minutes due December 22nd. Only then wil..."
"Supported by the recent sharp increase in longer-term U.S. interest rates, the dollar rose overnight by 0.4% against sterling, 0.3% versus the euro and 0.2% relative to the Swiss franc. A stella..."
"The Monetary Policy Committee is holding its last policy session of 2010, a year in which no changes are likely to have been made. The Bank Rate has been at 0.5% since a cut in March 2009. ..."
"The central bank of Iceland’s seven-day collateralized lending rate was slashed by another 100 basis points to 5.5% and has dropped 1,250 basis points since the first of 14 reductions made in Ma..."
"No, this post isn’t about profiting from Forex by using the ”hedging” (grid) strategies. Two weeks ago I’ve asked my readers about their thoughts on trading..."
"I was on BNN this morning talking about the currency implications of today’s rate decisions from the Reserve Bank of Australia and the Bank of Canada. Click on the image to access the video
"
"The statement today from Glenn Stevens, Governor of the Reserve Bank of Australia, called the 4.75% benchmark interest rate “appropriate” and observed that the lending rates of financial i..."
"Policymakers at the Bank of Canada today as expected left their overnight money rate target at 1.0%, its level since September 8th. Today’s statement of explanation ends with the added sen..."
"As one strategist recently put it, we seem to be witnessing Deja Vu in the forex markets. The US Dollar in general, and the USD/EUR currency pair in particular, are behaving exactly the same as one ye..."
"The Bank of Canada today announced that it is maintaining
its target for the overnight rate at 1 per cent. The Bank Rate is
correspondingly 1 1/4 per cent and the deposit rate is 3/4 per
cent.
Th..."
"The Asian Development Bank (ADB) predicted today that economies in East Asia will lead all others this year with a growth rate of 8.8 percent. However, the ADB warned that the so-called currency wars..."
"Economic growth is a process of death and rebirth. On the micro level, jobs are plowed over by labor-saving inventions that promote greater product per worker. New products and services wi..."
"Fresh back from vacation in the Sunny Caribbean - here are some trades that I like off the bat:
1) Short AUD - After last week’s disappointing GDP, retail sales, service and manufacturing PMI re..."
"The problems facing the Eurozone are so far only the tip of the iceberg says foreign exchange analyst Standard Chartered Plc.
?We?re going to get a continuation of the problems that Ireland, Portugal..."
"Greenback in forex tradingThe U.S. dollar is higher in currency trading on the FX market, gaining against major currencies. The U.S. dollar got a bit of a boost on Ben Bernanke's comments about the ec..."
Blog:
Global Forex BlogTidsstämpel: 2010-12-06 08:35
Taggar:
currencies,
currency,
currency trading,
dollar,
economy,
employment,
finance,
forex,
forex trading,
fx market,
market,
rate,
trading
"The euro extended its rally against the dollar for a third day as nonfarm payrolls were far lower than expected and unemployment rate unexpectedly increased. Factory orde..."
"COPOM, Brazil’s monetary policy committee, meets next Tuesday-Wednesday, having already lifted the benchmark Selic rate by 75 basis points each last April 28 and June 9 followed by 50 bps on Jul..."
"Loonie in forex tradingThe Canadian dollar is losing momentum in currency trading on the FX market today, heading lower as jobs data disappoints. Indeed, the Canadian economy did not as many jobs as e..."
Blog:
Global Forex BlogTidsstämpel: 2010-12-03 09:08
Taggar:
aussie,
bank,
currencies,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
fx market,
loonie,
market,
point,
pound,
rate,
report,
trading
"The benchmark interest rate of Bank Indonesia has been at 6.5% since a 25-basis point cut in August 2009, which culminated a nine-move, 300 basis point reduction begun in December 2008. Bank Ind..."
"The ECB: Retained its key interest rate structure of a 1.75% marginal lending rate, a 1.0% refinancing rate, and a 0.25% deposit rate and called these levels appropriate and accommodative. Reiterated..."
"EUR/USD rose today, fell after the European Central Bank kept the interest rates unchanged and later advanced again as claims for unemployment benefits in the US une..."
"The European Central Bank announced that it will leave the benchmark lending rate unchanged at 1 percent. It is also expected that the ECB will maintain its liquidity operations first implemented in M..."
"Currency trading with the euroThe euro is slightly higher in forex trading on the currency market today as traders await Jean-Claude Trichet's policy announcement. Many expect that the ECB will keep i..."
Blog:
Global Forex BlogTidsstämpel: 2010-12-02 07:57
Taggar:
announcement,
currency,
currency trading,
dollar,
economy,
forex,
forex trade,
forex trading,
market,
rate,
report,
trading
"Thursday’s ECB press conference is atypically significant for a variety of reasons. These events used to be all about what refinancing rate officials would announce. That’s the..."
"Greetings dear fellow forex traders. It’s been such a long time since I last blogged about the FapTurbo forex robot, but today I just found out that the FapTurbo crew released a new version and..."
"The Bank of Thailand’s one-day repo rate was raised to 2.0% from 1.75%. When rate normalization paused at the prior meeting on October 20 following 25-basis point rate increases at back-to..."
"The euro rose almost a full percent to $1.3101 by 6:45 am in New York this morning as speculation grows that the European Central Bank (ECB) will provide an aggressive action plan to deal with spreadi..."
"In November, the fear of a new U.S. recession receded, helped by upbeat retail sales and labor market data. In contrast, the euro area was subjected to intensifying centrifugal forces amid contr..."
"Real GDP expanded 1.0% at an annualized rate last quarter. In the Bank of Canada’s Monetary Policy Report published last month, officials had projected growth of 1.6%. Growth in Cana..."
"Unemployment fell in Germany but by less than expected suggesting that Germany’s recovery is slowing. The total number of people out of work dropped 14,000 in November to 2.9 million leaving the..."
"Remember the Saxo lawsuit case that made headlines some six months ago where the bank was blamed for prices manipulation? Well it’s off now. Portuguese investment house Fortune claimed that Saxo..."
"The second round of Fed quantitative easing was meant to depress long-term interest rates. Many perceived a hidden agenda to weaken the dollar. Neither trend played out in November unless..."
"The base rate of the Magyar Nemzeti Bank was raised to 5.5% from 5.25% in a move that caught most analysts by surprise. Other East European central bank rates such as Poland’s 3.5%, Romani..."
"International headlines state that Ireland ?wins?, that Greece ?wins?. Having a $113b lifeline, somewhat forced upon you, at a rate yet to be agreed on, is a win? In reality nobody wins in this Euro d..."
"CoolTrade today announced the API integration between its popular robotic stock trading platform and the Interactive Brokers order fulfillment environment for trading of CoolTrade-generated orders on..."
"The world’s foremost Elliott wave expert goes “behind the scenes” on the Federal Reserve
By Elliott Wave International
The ongoing financial crisis has made the central bank̵..."
"Last year’s Thanksgiving weekend was an unusually active holiday news cycle.
Of course, it was when Tiger Woods had his bizarre car accident outside of his home. That saga would dominate the n..."
"The overnight interbank funding rate will remain at 4.5%, the level since July 2009. Rate cuts totaling 375 basis points were implemented in each of the first seven months of last year. A..."
"Hi everyone. Here is an interesting video I came across on David MacGregor’s blog (from Global Freedom Strategies) that is related to the Euro. In this video you’ll get to listen to a ver..."
"In a comment reminiscent of statements issued by Ireland’s government just days before agreeing to its own financial rescue package, Portugal has said it will not require an emergency bail-out f..."
"It is difficult to have a strong conviction in a thin market, movements tend to be over exaggerated with a heard mentality, unless you are winning of course. Bundesbank President Weber did his bit yes..."
"The Irish government has unveiled the deficit reduction plan required for its EU and IMF bail-out, revealing deep cuts in spending and jobs.
The key announcements include:
* Corporation tax rate u..."
"Panda TS (http://www.pandats.com), a global leader in FX technology, today announced the launch of Panda Sync Server, a product which enables FX brokers to integrate and synchronize MetaTrader 4 with..."
"Ben and Co. downgraded their assessment of the economy as they debated the benefits and costs of a new bold step to support the recovery. They expect the economy to grow at a moderate pace next year..."
"Emerging market economies must be whining about their currencies for a good reason. Why else would they spend billions intervening in forex markets and risk provoking a global trade war?
As it turns..."
"Narodowy Bank’s seven-day repo rate has been 3.5% since June 2009 and will remain there even though CPI inflation moved up from the targeted 2.5% in September to 2.8% in October. That was..."
"News that North and South Korea had exchanged artillery fire had investors running to the perceived safety of the dollar leading. By 8:36 am in New York this morning, the dollar gained 0.9 percent to..."
"Canada’s inflation rate for October jumped to an annualized rate of 2.4 percent prompting some to suggest the Bank of Canada could resume interest rate hikes sooner than expected. A closer look..."
"Israel’s central bank has implemented six 25-basis point rate hikes since August 2009, the latest being done in September of this year. Today, as in October, the key rate was left at 2.0%..."
"Speculation about the renminbi in currency tradingEven though individuals can't trade the Chinese renminbi (also called the yuan) on the FX market, there is immense interest in its performance. Right..."
"To tell the long story short — I didn’t like Rob Booker’s The Currency Trader’s Handbook. It’s a very “general book”, which can..."
"Central banks in Israel, Poland, and Mexico make interest rate announcements next week, and minutes from the Fed’s meeting on November 3rd will be released. Japanese markets will be shut o..."
"For the fifth time this year, the People’s Bank of China has increased the minimum cash levels all lenders must maintain in reserves. This tightening of the availability of capital is an attempt..."
"While central banks in other commodity-sensitive economies like Australia, Canada and News Zealand have begun to tighten monetary policy, the South African Reserve Bank remains in easing mode. C..."
"Policymakers at Bangko Sentral ng Pilipinas once more left their key lending and borrowing rates at 6% and 4%, respectively, where such have been since a cut of 25 basis points announce July 9, 2009.&..."
"I was on CNBC last night talking about the Chinese rate hike, European sovereign debt worries and other factors relating to the forex market. Here’s the clip
"
"With the likelihood of a bail-out for Ireland growing, fears that the struggling nation will fail to meet its dent obligations have subsided. This helped propel the euro to a second-straight day of ad..."
"On November 12, the Central Bank of the Republic of Turkey increased reserve requirements on local-currency denominated assets to 6.0% from 5.5%. That action followed a 400 basis point cut of th..."
"The Central Bank of Chile had slashed its policy interest rate during the first seven months of 2009 by 775 basis points from 8.25% to 0.5%, but about a third of that stimulus from last year has now b..."
"Everyone is talking about the possibility of China raising interest rates. What if they did? How could it impact currencies?
In October, the PBoC surprised everyone by raising interest rates for the..."
"The euro gained slightly on the dollar yesterday after US consumer prices rose less than expected. Despite this retracement, credit and solvency worries within the European Union are expected to keep..."
"The number of unemployed people in the UK fell by 9,000 during the month of September according to the Office for National Statistics. However, the decrease was not enough to lower the overall unemplo..."
"The Bank of England?s Monetary Policy Committee split three ways for a second month as some officials became more concerned that Britain?s bout of inflation will dislodge price expectations.
Adam Pose..."
"Korea’s seven-day repo rate has been raised from 2.25% to 2.5%, a move that analysts predicted. An initial tightening on July 9 had also been by 25 basis points, but the ensuing policy mee..."
"October’s Consumer Price Index (CPI) remained well above the target rate of 2 percent in October to an annualized rate of 3.2 percent. In his letter to the Chancellor explaining why inflation re..."
"The take-no-prisoners angered folk of the U.S. Republican Party have turned their sights on the Bernanke-led Federal Reserve. QE2 has been associated with rising long-term interest rates, not th..."
"What next for the sterling forex trading forecast?Inflation continues to climb in the U.K., prompting some to think that the Bank of England should raise interest rates soon in an effort to combat inf..."
"Germany’s tough stance on banks and bond markets sharing the pain of any euro zone sovereign debt default could force some economies toward bankruptcy, Greek prime minister George Papandreou sai..."
"October’s retail sales jumped 1.2 percent over September just as America heads into the holiday buying season. The increase, the most in seven months, is being hailed as a sign that the American..."
"U.S. dollar in currency trading Right now, the U.S. dollar is gaining against major currencies. Indeed, the greenback is up against the yen, Aussie, pound and euro in forex trading on the currency ma..."
Blog:
Global Forex BlogTidsstämpel: 2010-11-15 08:03
Taggar:
analysis,
aussie,
currencies,
currency,
currency trading,
dollar,
forex,
forex trade,
forex trading,
inflation,
market,
pound,
rate,
trading
"The initiation of a second round of quantitative easing by the Fed at the start of this month sought to boost employment growth and inflation. Officials hope to promote these goals through a var..."
"Ireland is being urged by European policy makers to take emergency aid to contain a debt crisis rattling their markets, according to a person briefed on the discussions.
In a conference call of Europe..."
"Equities tumbled 6.2% in China, 2.1% in India and Indonesia, 1.9% in Hong Kong, 1.6% in the Philippines, 1.3% in Singapore, 1.1% in Thailand, and 1.4% in Japan and Taiwan. Investors suspect the..."
"Here we go again. Rumors that the Dubai Group, a conglomerate owned by Dubai’s ruler, missed an interest payment last month, coupled with a medley report on further Greek deficit concerns, sandw..."
"Bank Negara Malaysia had implemented three consecutive 25-basis point rate hikes at its March, May, and July meetings but, as in September, left its Overnight Policy Rate at 2.75%, still 75 basis poin..."
"Turkey’s 7.0% one-week repo rate was left at 7.0%, it level since a 25-basis point cut a year ago, and analysts expect another year to pass before it is raised. A statement released by the..."
"With G20 leaders meeting in Seoul, South Korea, bond market strains on the euro area peripherals — Ireland, Portugal, Greece, Spain and Italy — intensified. The Irish-German ten-year..."
"The Central Reserve Bank of Peru retained a 3.0% reference monetary policy rate after the penultimate monthly meeting of 2010. It had also not tightened in October following five consecutive rat..."
"Four indicators of interest were released at 13:30 GMT today: U.S. and Canadian trade figures for September, U.S. jobless insurance claims and U.S. import and export prices. The downward trend in new..."
"U.K. pound in currency tradingYesterday's risk rally is fading fast, but not for the sterling. As the U.S. dollar gains against most major currencies, sterling is holding its own in forex trading on t..."
Blog:
Global Forex BlogTidsstämpel: 2010-11-10 09:00
Taggar:
bank,
currencies,
currency,
currency trading,
dollar,
forex,
forex trading,
inflation,
market,
pound,
rate,
trading
"The US economy added 151,000 jobs in October according to the latest US Labor Department employment report. Overall, the unemployment rate remains at 9.6 percent but the increase is fueling some optim..."
"AUD/USD consolidates in currency tradingThe Australian dollar is trading above parity with the U.S. dollar in forex trading on the currency market right now. The Down Under currency has slipped a bit..."
"In a day that already saw central banks in Hong Kong, Indonesia, Britain, and the Euroland leave key interest rates and other policy settings unchanged, the Czech National Bank kept its two-week repo..."
"Indonesia does not rank among those Asian countries where central banks have begun to raise interest rates. Bank Indonesia kept it benchmark policy interest rate at 6.5%, the level since a 25-ba..."
"After leaving interest rates unchanged as expected, ECB President Trichet’s statement didn’t break new ground. Rate settings are accommodative and appropriate. Euroland’s..."
"The European Central Bank and the Bank of England both announced that benchmark lending rates for both jurisdictions will remain at 1 percent and 0.5 percent respectively. The news comes just one day..."
"Yesterday’s announcement that the Federal Reserve planned to spend $600 billion to buy government bonds and provide more liquidity helped boost global indexes to two-year highs.
?Financial mark..."
"The Hong Kong Monetary Authority since 1983 has subordinated any semblance of an independent domestic monetary policy to the priority of fixing the former British colony’s currency at 7.78 per U..."
"Two years have passed since the worst financial crisis since the 1930s dealt a body blow to the world economy. Working with policymakers at home and abroad, the Federal Reserve responded with strong a..."
"The Bank of England did not raise the GBP 200 billion size of its asset purchase program. This is something which Monetary Policy Committee member Adam Posen had sought at the October meet..."
"Economic reports from the US were rather beneficial for the dollar today, but their influence was outweighed by the announcement of the quantitative easing by t..."
"Why would the Bank of England even consider increasing its asset purchase program after learning that real GDP in the third quarter expanded 2.8% at an annualized rate with equally positive contributi..."
"Sedlabanki reduced all its key interest rates by 75 basis points, including the seven-day collateralized lending rate to 5.5%. Following an IMF mandate, that rate was hiked by 300 basis points t..."
"Price action on AUD/USD (a 4-hour chart of which is shown) as of Tuesday (11/02/2010) has shot up to continue its entrenched uptrend on the heels of an unexpected interest rate hike by the Reserve Ban..."
"The Reserve Bank of India raised both its repo rate and reverse repo rates by 25 basis points to 6.25% and 5.25% and released a statement outlining the latest thinking of policymakers. Four earl..."
"At their final scheduled monetary policy meeting of 2010, officials did not change key rates or the required reserve ratio. The monetary policy rate has been at 6.25% since early May but was red..."
"The Policy Board of the Reserve Bank of Australia ended a six-month pause in its rate-rising campaign. Only about a quarter of analysts anticipated today’s seventh hike of the Official Cas..."
"The Canadian dollar recorded its fourth straight day of gains as it closes in on parity with its US counterpart. The “loonie” as the Canadian dollar is known, is being helped by an increas..."
"The dollar fell 1.1% against the Australian dollar, 0.9% versus the Swiss franc, 0.6% against the euro, 0.5% relative to the Canadian dollar, 0.4% against the kiwi, and 0.2% against the yuan. Th..."
"Australia?s dollar climbed to parity with the greenback after the central bank unexpectedly raised interest rates for the first time in six months, spurring demand for the nation?s assets.
The so-call..."
"Forex Club, one of Russia’s largest brokers, has recently completed the acquisition of remaining shares of Akmos Trade, one of Russia’s oldest brokers. Terms of the deal weren’t anno..."
"U.K. pound lower in forex tradingSterling is lower in currency trading on the FX market today as the Bank of England fails to rule out additional quantitative easing. With the possibility of more mone..."
Blog:
Global Forex BlogTidsstämpel: 2010-11-02 08:19
Taggar:
bank,
currencies,
currency,
currency trading,
dollar,
forex,
forex trading,
fx market,
market,
pound,
rate,
trading
"Reserve Bank of Australia rate hike coming up - here’s my take on the Aussie
"
"The RBA’s monthly interest rate decision will be revealed at 03:30 GMT on Tuesday. Whether the Official Cash Rate is kept steady at 4.5% or raised to 4.75% will probably be a closer choice..."
"In order to improve on the current 9.6 unemployment rate in the US, experts say the economy must grow at a rate of at least 5 percent. The latest annual growth rate results show the economy is growing..."
"16-nation currency can't break through 1.40 levelThe euro appears to be in something of a consolidation mode right now in forex trading on the currency market. Earlier, EUR/USD appeared to be making a..."
"The aim of quantitative easing is to depress long-term interest rates, yet sovereign yields mostly rose in October. Three-month euribor rates advanced 14% to pull virtually even with the ECB ref..."
"The US Commerce Department said that the US economy grew at an annualized rate of 2 percent during the third quarter of the year. The result follows the 1.7 percent increase in the previous quarter, b..."
"Many markets in Continental Europe will be closed Monday for All Saints Day. At least eleven central banks hold interest rate policy meetings next week: the Fed, ECB, Bank of Japan, Bank of Engl..."
"In addressing the financial/credit/economic crisis, governments around the world have lowered interest rates, bailed-out bankrupt financial insititutions, engaged in wholesale money printing, guarante..."
"The Bank of Japan held a single-day meeting lasting four hours and 26 minutes in which details were unveiled of the asset purchase program. A unanimous 9-0 decision was made to keep virtual zero..."
"The dollar weakened overnight, with losses of 0.9% against the kiwi, 0.7% versus sterling, 0.6% relative to the euro and Australian dollar, 0.5% against the Swiss franc and yen, and 0.4% versus the Ca..."
"Yen in forex tradingThe Japanese yen continues to maintain much of its strength in forex trading on the currency market, even though the Bank of Japan kept rates practically at 0%. The move by the BO..."
"The Reserve Bank of New Zealand left the OCR rate at 3.0% as it had also done on September 16 following back-to-back increases of 25 basis points each in June and July. A statement from the RBNZ..."
"The Narodowy Bank retained a 3.5%, which is the level of the main reference rate since a 25-basis point cut in June 2009 culminated 250 basis points of reduction since November 2008. A statement..."
"As expected, the Norges Bank did not change monetary policy at this time. A released statement implied that further changes are unlikely before March and that the subsequent upward path toward m..."
"This week the dollar has got a kick in the backside as the markets begin to focus on risk aversion trading strategies. Investors are showing their willingness to escape the riskier anti-dollar bets on..."
"The Riksbank followed up increases on July 1 and September 2 with a third 25-bp repo rate increase to 1.0% and released a statement that a) revised projected 2010 and 2011 growth higher, b) scaled bac..."
"Fears that the government will intervene in an attempt to weaken the yen saw the currency fall from its 15-year high against the dollar. The yen slid 0.7 percent to 81.40 against the dollar at 8:28 a..."
"Latest figures show the UK economy grew at a rate of 0.8 percent in the third quarter easily surpassing the 0.4 percent predicted by analysts. The increase also follows a 1.2 percent jump in the secon..."
"Last week, US Treasury Secretary Timothy Geithner floated a trial balloon prior to the G20 Finance Ministers meeting scheduled for the weekend. In a letter addressed to all twenty of the G20 member na..."
"As analysts anticipated, there was not a seventh rate increase. The six increases, each by 25 basis points, were announced in August 2009, November, December, March 2010, July and September...."
"The Magyar Nemzeti Bank left its benchmark interest rate unchanged for a sixth consecutive monthly meeting citing the prolonged period of sub-trend economic activity and an uncertain inflation outlook..."
"The US dollar and British Pound have been the two worst performing of the major currencies over the past few months. Since July, the pound has lost 6.4 percent against a basket of the nine other most-..."
"Consensus has us believing it?s ?steady as you go? for the FX market. The G20 finance meetings this past weekend provided some progress, but, no breakthroughs for the volatile currency markets and acc..."
"The markets (and Forex market in particular) are affected by three major categories:
Fundamental factors — supply and demand, interest rates and macroeconomic..."
"Last week was just full of surprises. Monetary policies around the world became more diversified. A tightening interest rate cycle began in China, and ECB officials showed more willingness..."
"U.S. Treasury Secretary Geithner reiterated that the dollar is fairly valued against the yen and euro. Nonetheless, the euro hit $1.4052 today versus a low of $1.3698 yesterday and on balance is..."
"Brazil’s monetary policy committee, COPOM, retained a 10.75% Selic rate, matching analyst expectations and the result of its prior meeting on August 31. Previously, the Selic rate was lift..."
"The Bank of Canada’s October Monetary Policy Report elaborates on the assertion in yesterday’s interest rate statement that the global and Canadian recoveries have entered a “new pha..."
"EUR/USD erased yesterday’s decline today on speculation that Beige Book report, released later today, will support the outlook for additional stimulus by the Federal Res..."
"As part of sweeping spending cuts announced by Chancellor George Osborne, a new bank levy will be applied to British banks. Full details will be disclosed in the next few days, but the government expe..."
"The program of interest rate normalization, as at some other regional central banks, was paused in Thailand, but a statement accompanying today’s decision to leave the one-day repo rate at 1.75%..."
"The lights were on, but no one could see. The market has been blinded by China?s surprise rate hike and Geithner?s promise not to devalue the dollar for export advantage. The lemming-dollar shorts hav..."
"Currency trading with the greenbackThe U.S. dollar is retreating in forex trading today, giving up many of yesterday's gains. Greenback is down against the pound, euro and Aussie today. Additionally..."
Blog:
Global Forex BlogTidsstämpel: 2010-10-20 08:48
Taggar:
aussie,
bank,
currencies,
currency,
currency trading,
dollar,
forex,
forex trading,
fx market,
loonie,
market,
pound,
rate,
trading
"Pound regains lost ground in currency tradingThe Bank of England minutes were recently released, and showed a three-way split in the voting. There are seven votes to keep the monetary policy the same..."
Blog:
Global Forex BlogTidsstämpel: 2010-10-20 08:42
Taggar:
bank,
currency,
currency trading,
dollar,
financial,
forex,
forex trading,
inflation,
market,
pound,
rate,
report,
trading
"One idea reportedly being explored at the Federal Reserve would be to target a general price level. Many central banks target inflation, which is the rate of change, or first derivative, in a ge..."
"Despite a seven percent decrease in the US dollar since the end of August, US Treasury Secretary Timothy Geithner told an audience in California yesterday that deliberately devaluing the dollar ?is no..."
"Canadian monetary policy tightening was paused as expected after three consecutive 25-basis point increases of the overnight target rate implemented June 1, July 20 and September 8. Projected growth i..."
"China’s one-year lending rate and one-year deposit rate were raised by 25 basis points each, effective October 20, to 5.56% and 2.5%, respectively. This first rate increase since December..."
"The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
The glo..."
"With inflation pegged at 3.6 percent, the People’s Bank of China announced on its website that it will increase the one-year benchmark lending rate from 5.31 percent to 5.56 percent. The rate fo..."
"Analysts were for the most part surprised to learn that for September, the annualized rate for housing starts rose to 610,000. This surpassed the August rate of 608,000 and was the highest since April..."
"Presently, data does not provide the same punch to currency markets. The fact that the ECB is probably closer to raising rates while the Fed is to lowering has the markets attention. Next year data re..."
"Monetary policymakers are holding their penultimate interest rate meetings of 2010 this week and will be announcing their decisions on Tuesday. Each of these banks has begun to normalize interes..."
"After suffering the largest weekly drop this year, treasury yields increased on speculation that the Federal Reserve will soon begin a program of asset purchases as part of its planned quantitative ea..."
"QE2 will be launched and exit strategies can now gather dust. Bernanke?s highly anticipated speech last Friday was not as dovish as the market expected. The Fed is still weighing their policy options..."
"35+ year trading expert Bill Poulos just sent me ANOTHER
step-by-step training video that reveals what he calls, “The #1
Forex profit-taking exit strategy”, or:
* His F-R-E-E Trade Strate..."
"A busy week for meetings lies ahead. Interest rate policies will be decided in Canada, Brazil, Thailand, and Sweden. EU finance and economics minister, also known as Ecofin, have a meeting..."
"Federal Reserve Chairman Ben Bernanke told conference attendees at the Federal Bank of Boston this morning that the first round of stimulus spending was ?successful? and essentially confirmed that ano..."
"The Bank of Mexico, as predicted, made no change in its overnight interbank funding rate, which has been at 4.5% since 375 basis points of reduction implemented during the first seven months of 2009.&..."
"Battle lines are forming ahead of a looming currency war that threatens to pit the developed nations against the emerging economies of Asia and South America. Over the coming months, we can expect a ?..."
"Price action on AUD/USD (a 4-hour chart of which is shown) as of Thursday (10/14/2010) broke out above 0.9900 resistance to reach a record high just shy of parity (1.0000) in early Thursday trading, b..."
"For a third straight monthly meeting, the seven-day repo rate was left at 2.25%. This decision was made in the face of an increasing risk factor from the volatility of exchange rates. That..."
"It’s time for a new retail forex brokers volume survey, last one was in January and many things changed since. Most notably, several brokers filed for an IPO and had to publicly disclose their t..."
"The Central Bank of Chile met market expectations, raising its benchmark interest rate by 25 basis points to 2.75%. A statement from officials noted that inflation and expected inflation had eas..."
"The interest rate structure at the Central Bank of the Republic of Turkey was reached in November 2009 after 1025 basis points of cuts during the preceding year. Officials today decided not to r..."
"The unemployment rate in the UK fell from 7.8 percent to 7.7 percent in the three months ending in August. However, the results released by the Office for National Statistics (ONS) shows that the numb..."
"Finally, we will be getting to ride the ?real? QE2 wave. The gem from yesterday?s FOMC minutes is the sentence ?targeting a path for the price level rather than the rate of inflation?. It seems that a..."
"On the key question about whether to launch QE2, the majority of U.S. monetary policy makers were predisposed to doing such, but a wait-and-see camp was larger than just Tom Hoenig, who continued to d..."
"MB Trading have recently uploaded some videos on their Youtube channel, talking about the differences between their own MT4 ECN platform versus other brokers? non-ECN MT4 platforms. They mention some..."
"Every trading system is a complex object with a lot of rules. All Forex systems should consist of the entry and exit rules, define the market (instrument) they are d..."
"To the surprise of almost all the pundits, the Central Reserve Bank of Peru left its monetary policy reference rate at 3.0% instead of implementing a 25-50 basis point further increase. Five con..."
"The U.S. lost more jobs than forecast in September, reflecting a decline in government payrolls that shows the damage being done by rising fiscal deficits.
Employers cut staffing by 95,000 workers aft..."
"What is the market focusing on in today?s NFP report? Is it the headline print? The private sector payroll number? Perhaps it?s the unemployment rate? Capital Markets is looking for a below consensus..."
"Euro zone concerns could lead to a correctionRight now, the euro is maintaining strength in forex trading against the U.S. dollar. While it has been pared back below the $1.40 level, the euro is still..."
"Yen continues in strength on the FX marketEven with a $61 billion economic stimulus package approved in Japan, the yen continues to gain in currency trading on the FX market. This announcement c..."
Blog:
Global Forex BlogTidsstämpel: 2010-10-08 09:00
Taggar:
announcement,
bank,
currencies,
currency,
currency trading,
dollar,
forex,
forex trading,
fx market,
market,
rate,
trading
"The IMF’s October 2010 World Economic Outlook released in conjunction with this week’s IMF/World Bank meetings in Washington contains useful information for sorting world growth trends ove..."
"The ECB left key interest rates (a 0.25% deposit rate, a 1.0% refinancing rate, and 1.75% marginal lending rate) unchanged at levels initially established in May 2009. President Trichet’s..."
"The Bank of England and the European Central Bank both announced that they would be holding the line on interest rates. In addition to keeping rates at 0.5 percent, the Bank of England also said it wo..."
"As expected Bankgo Sentral Pilipinas has retained a 4.0% reverse repo rate and a 6.0% repo rate. Despite strengthening domestic demand and robust GDP growth of about 8% in the year to 2Q, a stat..."
"The Bank of England’s Bank Rate was left at 0.5%, its level since March 2009. The Asset Purchase Program’s size was kept at GBP 200 billion, a ceiling that was exhausted at end-Janua..."
"EUR/USD was falling today, but gained after a report showed an employment figure, which was worse than expected. The dollar is also weakened by talks about possible quantitative ea..."
"Camilla Sutton, of Scotia Capital, and Kathy Lien, of GFT , share their currency strategies."
"Japan may have triggered a QE raceFor weeks now, a number of countries have been making noises about supporting economies through more economic stimulus. Speculation about another round of quantitativ..."
"Suspense ahead of Thursday meeting of the Monetary Policy Committee concerns whether the asset purchase program might be increased as a stimulative step. Minutes from last month’s meeting..."
"In leaving the Official Cash Rate at 4.5%, the Reserve Bank of Australia fooled a majority of analysts expecting an increase to 4.75%. To brace against a recession that Australia narrowly..."
"The Bank Rate of Bank Indonesia was left at 6.5%. This was the 14th consecutive monthly meeting to leave policy unchanged. The previous nine meetings between December 2008 and August 2009..."
"Service sector purchasing manager indices printed less than a point apart last month in the United States (53.2) and Euroland (54.3). The scores signify moderate rates of expansion in both regio..."
"Stocks rose, long-term interest rates fell, but the yen remained strong and steady following what the BOJ web site entitles a Comprehensive Monetary Easing. The Policy Board deliberated for six..."
"The Bank of Japan cut the interest rate target on overnight uncolateralized money to 0-0.25% but in fact virtually zero (ZIRP). An asset purchase program was also established with the intent of..."
"There is nothing like domestic employment numbers to get the Capital Market?s full attention. However, the remainder of this week is laden with other data that is bound to keep investors trigger happy..."
"Euro forex trading forecastThe U.S. has been decrying China's refusal to allow the yuan (also called the renminbi) to strengthen in currency trading for years. China keeps the yuan artificially low in..."
Blog:
Global Forex BlogTidsstämpel: 2010-10-05 08:36
Taggar:
currencies,
currency,
currency trading,
financial,
forex,
forex trading,
fx market,
market,
rate,
report,
trading
"Yen continues to strengthen in currency tradingIt seems that no matter what the Japanese do in the hopes of arresting the yen's gains against the U.S. dollar in forex trading, nothing works. And that..."
"Markets are rife with speculation that the BOJ Policy Board will announce some kind of quantitative easing after meeting Monday and Tuesday of this week. Often, gestures from Japanese officials..."
"The Reserve Bank’s October interest rate decision will be revealed at 03:30 GMT Tuesday. A majority, but not all, pundits project a 25-basis point Official Cash Rate increase to 4.75%...."
"Switzerland’s two largest banks, UBS AG and Credit Suisse, have both been told they must increase their capital in order to meet the Basel III rules. The rules call for banks to hold sufficient..."
"A new calendar quarter, a new U.S. Federal fiscal year, and the start of the second half of Japan’s fiscal year beckon. China and Germany have similar important holidays at the start of October..."
"Price action on EUR/USD (a daily chart of which is shown) as of Friday (10/01/2010) has closely approached its bullish target in the 1.3800 resistance price region, establishing a new 6-month high..."
"The U.S. factory-sector purchasing managers index fell by 1.9 points in September, a half-point more than the euro area PMI index. Manufacturing continued to expand in the final month of the thi..."
"The number of new claims for unemployment benefits fell by a more-than-expected 16,000 to 453,000 in the week ended September 25th. A survey of economists had predicted that there would be 458,000 new..."
"The Taiwanese central bank benchmark rate was lifted by 12.5 basis points to 1.5%. This as-expected move follows one of similar size undertaken on June 24. The rate had been at a 55-year l..."
"Narodowy Bank left its seven-day reference rate at 3.5%, the level since June 2009. A released statement anticipates moderate economic growth, limited wage and price pressures, and the poss..."
"In another monetary policy announcement, the National Bank of Romania retained a key 6.25% policy rate. That has been the level since a 25-basis point reduction on May 4 and cuts of 50 bps in ea..."
"The Bank of Russia left its benchmark rate unchanged in spite of an acceleration of inflation to a 12-month pace of 6.7% in September from 6.1% in August, further ruble depreciation and some evidence..."
"Today’s 50-basis point tightening of Pakistani monetary policy follows an initial rate hike of similar magnitude near end-July. No other rate changes have been made in 2010, and a cut of 5..."
"The US House of Representatives is expected to pass legislation today that defines China’s manipulation of its exchange rate as being the same as providing a subsidy to Chinese manufacturers. Cl..."
"Business sentiment improved clearly between June and September. A marginal deterioration had been predicted in the June corporate survey, but analysts had discounted those projections and were l..."
"Today’s S&P/Case-Schiller index of property values indicates that home prices in 20 US cities increased at a slower rate in July when compared to one year ago. The increase of 3.2 percent i..."
"LMAX Limited today announced that it has received Financial Services Authority (FSA) authorisation and plans to launch and operate a multilateral trading facility (MTF) to trade contracts for differen..."
"Interest rate decisions by the Bank of Israel are made at pre-scheduled times but by a single person, Governor Stanley Fisher. Efforts are underway to cede authority to a committee, but that has..."
"Hungary’s base rate has been at 5.25% since a 25-basis point cut in April. Such had been the tenth consecutive monthly reduction and fifth drop in a row of 25 basis points in size. E..."
"September 27, 2010, Dublin – Online financial products trading company AvaFX (www.avafx.com) announced today that it has teamed up with Tradency (www.tradency.com), the leading developer of auto..."
"Mexico’s benchmark interest rate will remain at 4.5%, which it has been since July 2009. The decision not to raise the rate from its nearly 7-year low had been expected by analysts and was..."
"The coming week encompasses the cusp between the third and fourth quarters of 2010. Among the top tier of central banks, no interest rate policy meetings are scheduled, but monetary officials in..."
"Since mid-2007, worsening global economic news had tended to support the dollar, which benefited from inflows of funds seeking safe parking. That metric broke down in the third calendar quarter..."
"The Czech National Bank Board voted to retain a two-week repo rate target level of 0.75% as analysts had predicted. Although this decision was the same as at prior meetings on August 5 and June..."
"The Fed is doing a good job being the primary source of funding for the Government. Keeping rates at zero and hinting at implementing QE2, like the BOJ, they can push yields lower across the curve. Th..."
"I am headed to Las Vegas today for the Futures & Forex Trading Expo.
If you are attending, please check out one of my sessions (link to Futures & Forex Expo website).
Five Dynamic Ways to..."
"Minutes from the Bank of England’s Monetary Policy Committee show that only one MPC member voted in favor of a rate increase at the committee’s meeting on September 9th. The Bank is requi..."
"Similar to decisions at the prior two meetings on June 23 and August 11, the Norges Bank retained a 2.0% interest rate but gave a stronger signal of its intent to resume a normalization of rate levels..."
"Monetary officials in Iceland reduced all key interest rates today, including the main seven-day collateralized lending rate from 7.0% to 6.25%. This was the sixth cut in 2010, all of which tota..."
"Hong Kong has an exchange rate policy, which for the past 27 years has pegged the Hong Kong dollar to the U.S. currency. In adopting such a policy, officials eschewed any semblance of an indepen..."
"A new goal-oriented theme was introduced into the language of today’s FOMC Statement, and it is expressed twice to underscore that the shift was not a mere after-thought. The change concer..."
"The Federal Reserve decided to keep interest rates at it current record low levels, increasing concerns for the US economy and driving dollar down. Better than expected r..."
"Today, we bring you an interview with Marc Chandler, the global head of currency strategy for Brown Brothers Harriman. Previously he was the chief currency strategist for HSBC Bank USA and Mellon Bank..."
"Capital Markets are feeling the effects of this push-pull trading strategy approach ahead of the FOMC rate announcement this afternoon. Euro-zone debt rumors are being offset by new and rampant rumors..."
"An adviser to China’s central bank has rebuffed criticism from the US over Beijing’s exchange rate policy. In a speech in Beijing, Li Daokui said China “will not appreciate the yuan..."
"The Financial Services Agency has issued to Gaitame.com Co. a one-month business suspension order starting Oct. 1 for repeatedly providing erroneous exchange rates. This is going to be a huge financia..."
"Japan has holiday closures on Monday (Respect for the Aged Day) and Thursday (Autumn Equinox), creating interesting possibilities for a market test of the new intervention policy. Central bank m..."
"Japan’s intervention on September 15 broke several rules. The operation was taken against the wishes of Japan’s allies in Europe, Asia and North America. Japan has deflation, b..."
"The Policy Board of the Central Bank of Chile meets each month and raised its policy rate by 50 basis points for a fourth straight time. A statement from officials described a need to withdraw t..."
"As expected, the one-week repo rate at the Central Bank of the Republic of Turkey was kept at 7.0%, and a statement from officials once more kept to the mantra that they expect “to keep rates at..."
"The Swiss franc fell as investors were wrong-footed by the new quarterly Monetary Policy Statement. A forecast earlier this week by UBS flagging the risk of a surprise rate hike, which would hav..."
"As on July 27, India’s repo rate was raised 25 basis points, but the reverse repo rate was increased by 50 basis points. Analysts had only predicted a 25-bp advance in each rate. The..."
"Swiss franc in currency tradingThe Swiss National Bank kept interest rates on hold as it considers the next move in the global currency market game. The Swiss are not overly fond of a stronger currenc..."
Blog:
Global Forex BlogTidsstämpel: 2010-09-16 09:27
Taggar:
bank,
currency,
currency trading,
forex,
forex trade,
forex trading,
inflation,
market,
rate,
report,
trading
"New Zealand’s Official Cash Rate was left unchanged at 3.0%, having been hiked by 25 basis points each at the prior two meetings on July 29 and June 10. Opinions had been split over whethe..."
"The UK Consumer Price Index (CPI) remained unchanged at 3.1 percent in August according to the Office for National Statistics. The result breaks a three-month pattern of falling CPI but remains well a..."
"US Treasury Department Secretary Timothy Geithner said that China has not done enough to allow the yuan to reflect true market value since saying last June that it would allow the currency to float.
&..."
"Describing growth for the second half of the year as “particularly strong”, the European Commission has increased its growth projections for the second half of 2010. The commission now exp..."
"Stocks, sovereign bond yields, and commodities are higher, while the dollar is lower. The People’s Bank of China did not raise interest rates, and the weekend’s agreement on Basel II..."
"Raise your hand if you’ve ever heard that expression before? Well, now there’s proof that this well-worn phrase is more than just a pointless platitude: “Royal Bank of Scotland Group..."
"The Central Reserve Bank of Peru’s policy interest rate was lifted by 50 basis points to 3.0% as expected. Five straight monthly increases total 175 bps, reversing a third of the cumulativ..."
"A full week lies ahead. This is the week that China releases most of its monthly data, and speculation has arisen that China’s central bank will engineer its first rate hike of the cycle.&..."
"(This post will be interesting only to the MQL coders.)
One of the most overlooked parameters of the Forex expert advisor that can be used in optimization of th..."
"Canada recorded a bigger-than-expected gain in employment in August as a jump in educational jobs retraced the previous month?s losses, while the country?s jobless rate increased as more people entere..."
"Unemployment in Canada rose by one tenth of a percent to 8.1 percent in August and is the first time the unemployment rate has exceeded 8 percent since last May. According to Statistics Canada, 35,800..."
"Japan’s Gross Domestic Product (GDP) grew at at annualized rate of 1.5 percent in August compared to a growth rate of 0.4 percent in July. While better than expected, growth continues to fall fr..."
"Canadian employment rose 35.8K last month, which is the same percentage increase as a 271K gain in the U.S. labor market. U.S. jobs contracted by 54K for a second straight time in August, by com..."
"Japanese growth last quarter wasn’t as bad as reported initially but still represented a significant deceleration of activity. Real GDP rose 1.5% at an annualized rate (saar), down from 5..."
"With an as-expected 50-basis point repo rate reduction to 6.0% announced today, the South African Reserve Bank has in eight steps now halved its repo rate. Six of the moves totaling 500 basis po..."
"As expected, the Bank of England’s Monetary Policy Committee (MPC) has voted to maintain UK interest rates at the current record low of 0.5 percent. This is the 18th straight month that rates ha..."
"The Bank of England announced no policy changes and will let published minutes of its monthly meeting on September 22 do all the explaining of its latest thinking. The Bank Rate has been at 0.5%..."
"The Forex market will make Fixed Income traders out of us yet. Understanding and appreciating global yield curves helps us in on our Forex odyssey. Yesterday it was the health of the Polish and Portug..."
"Sterling lower against the U.S. dollar in forex tradingThe Bank of England, as expected,has left its rate steady, and left the current quantitative easing program unchanged. The news comes as no surpr..."
Blog:
Global Forex BlogTidsstämpel: 2010-09-09 09:08
Taggar:
bank,
currencies,
currency,
currency trading,
dollar,
forex,
forex trading,
market,
pound,
rate,
trading
"Loonie up against greenback in forex tradingThe Canadian dollar is heading higher in currency trading on the FX market, thanks to a little help from the Bank of Canada's hawkish statement. The BOC jus..."
Blog:
Global Forex BlogTidsstämpel: 2010-09-09 08:56
Taggar:
bank,
currencies,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
fx market,
loonie,
market,
rate,
trading
"South Korea’s seven-day repo rate was left at 2.25%. Even though officials had paused tightening at their previous meeting of August 12 following an initial 25-basis point increase on July..."
"An article by Peter Garnham on page 23 of today’s Financial Times makes the claim that the Swiss franc “is increasingly being viewed as the proxy for the old Deutschmark.” Amon..."
"(This post will be interesting only to the MQL coders.)
Multi-currency expert advisors were possible even with MetaTrader 4, but there were too many problems with building, testing and ..."
"After earlier increases on June 1 and July 20, the Bank of Canada hiked its target overnight rate by 25 basis points for a third time today. Roughly three of every five analysts foresaw that res..."
"The Bank of Canada today announced that it is raising its
target for the overnight rate by one-quarter of one percentage
point to 1 per cent. The Bank Rate is correspondingly 1 1/4 per
cent and the de..."
"When a second 25-basis point rate hike to 0.75% was announced on July 20 following a first such increase on June 1, Canadian monetary officials repeated the guiding remark about the future: R..."
"As widely expected, Australia’s Official Cash Rate (OCR) was left at 4.5%. A statement from the Policy Board of the Reserve Bank of Australia observed that the terms of trade (export/impor..."
"Just a week before its regular September meeting, the Policy Board had held a three hour six minute unscheduled meeting that by an 8-1 vote had increased the amount of money to be provided through fix..."
"A survey of industry analysts suggests that unemployment in the US could reach 10% if growth in the economy does not improve over the next few months. So far this year, a total of only 723,000 new job..."
"Our Summer hiatus is over? it?s back to cracking them books, back to stroking our ?egos? as we spin the wheel and try and figure out what policy makers next moves will be. Governor Stevens last night..."
"Australian dollar lower in forex tradingThe Reserve Bank of Australia has kept monetary policy steady, and that is prompting some to believe that the recent run for the Aussie is drawing to a close. I..."
Blog:
Global Forex BlogTidsstämpel: 2010-09-07 08:21
Taggar:
aussie,
bank,
currency,
currency trading,
dollar,
economy,
employment,
forex,
forex trading,
market,
rate,
report,
trading
"Will the U.S. dollar lose to the Swiss franc in forex trading?One of the things that forex traders look for is seasonal trends. For instance, the U.S. dollar often weakens against the Japanese yen dur..."
Blog:
Global Forex BlogTidsstämpel: 2010-09-06 10:06
Taggar:
currency,
currency pair,
dollar,
economy,
forex,
forex trade,
forex trading,
fx market,
market,
rate,
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..."