The upcoming FOMC Meeting holds high expectations for easing steps by the Federal Reserve – steps that can help stimulate the economy that has slowed down. Here are possible scenarios for this decision, and possible market reactions. On Tuesday, August 10th, at 18:15, Ben Bernanke and his team will release the FOMC statement. I’ve already … “Scenarios for Fed Decision”
Author: admin_mm
NZ Dollar Drops as Central Bank May Stop Rates Increases
The New Zealand dollar fell today after the report showed that the house prices increased with slower pace, causing the speculation that the central bank wouldn’t raise the interest rates next month. The house prices in New Zealand grew 4.1 percent in July from a year earlier, following the growth by 5.2 percent in the previous month. The Reserve Bank of New Zealand announced, after it raised the key rate to 3 percent … “NZ Dollar Drops as Central Bank May Stop Rates Increases”
South Korean Won Up on Outlook for Rates Hike & Inflation
The South Korean won extended its rally for yet another day as the anticipation that the central bank would raise the interest rates increased the appeal of the currency. The central bank increased the borrowing costs by the quarter percentage point on July 9 from the record low level of 2 percent. The forecasts promise the consumer prices in South Korea to rise by 2.8 percent in 2010, up from the previous estimates of 2.6 increase. The analysts say that … “South Korean Won Up on Outlook for Rates Hike & Inflation”
How Middle East Violence Impacts Forex
Political tension in the Middle East heightens from time to time, and some of them have a strong impact on currencies – some benefit and some retreat. Here’s a guide. Towards the end of June, there was a rumor that Israel will attack Iran. This rumor, which didn’t materialize, had a strong impact on currencies … “How Middle East Violence Impacts Forex”
If You Are Going To Use Indicators Then Do It
Guest post from visionsofaffluence.com Do you use indicators in your trading? If you’re like most traders then you are probably going to answer yes. You probably refuse to trade without an indicator of some type plastered to your charts. No I personally don’t believe in the use of indicators. I think that the best and dare … “If You Are Going To Use Indicators Then Do It”
Dollar Weakens for Sixth Week vs. Euro, Falls vs. Pound & Yen
The dollar extended its losses against the other currencies as the macroeconomic reports continue to suggest that the US recovery is fragile and the additional stimulus may be required. On Monday, the good reports weren’t able to aid the currency much, but boosted it slightly against the yen. Next day pushed the dollar down with the disheartening figures. The unexpectedly good employment reports on Wednesday sparked the optimism, which were removed on Thursday and turned … “Dollar Weakens for Sixth Week vs. Euro, Falls vs. Pound & Yen”
Pound Rise vs. Dollar, Falls Against Euro & Yen
The Great Britain pound rose versus the greenback on the report from the US about more than expected job losses. The sterling fell against the euro and the dollar as the data from the UK itself hasn’t gave many reasons for optimism. The weak US payrolls data allowed other currencies, including the sterling, to rally against the dollar. The reports from Britain were also unfavorable, though, pushing Britain’s currency down versus its other … “Pound Rise vs. Dollar, Falls Against Euro & Yen”
Dollar Sinks on Decreasing Payrolls
The US dollar slumped today after the US non-farm payrolls sank more than expected, suggesting that the Federal Reserve would require to perform additional stimulus measures to support the nation’s economy. The non-farm payrolls tumbled by 131,000 in July, following the 221,000 drop in June. The median forecast was the 63,000 decrease. The unemployment rate remained at 9.5 percent. The Dollar Index slid 0.8 percent to 80.153, after touching 80.085, the lowest … “Dollar Sinks on Decreasing Payrolls”
Euro Falls vs. Dollar on Lower German Production
The euro fell vs. the dollar after the report showed that the industrial output in Germany declined and on the speculation that the conditions on the US labor market improved. The German industrial production fell 0.6 percent in June, while the economists expected another month of the growth after the production expanded as much as 2.9 percent in May. The US non-farm payrolls expected to fall as the temporary census workers quit job, but the number of jobs, excluding the government workers, … “Euro Falls vs. Dollar on Lower German Production”
EUR/USD Close To Uptrend Support Before NFP
EUR/USD, that enjoyed a sharp rally in a steep uptrend channel, is flirting with the bottom edge of this channel just before the critical release of the NFP. Technical update on this pair. As seen in the graph (click to enlarge), EUR/USD is trading in a steep uptrend channel in the past two and a … “EUR/USD Close To Uptrend Support Before NFP”