The British rate decision brought no surprises – the rate stayed unchanged at 0.5%, and so did the Quantitative Easing program. The 175 billion pound plan isn’t changing. Not yet. But with money running out of this program by the end of the month, and with BoE Governor King wanting an expansion of the program, … “BoE Hints are Pound-Bearish”
Category: Opinions
AUD/USD Bounced At Resistance
The rate hike by the RBA fueled the Aussie’s engine for further gains. These gains came to halt at the 0.8950 resistance line. The surprising decision by Glenn Stevens on Tuesday morning sent the Aussie above last week’s peaks. Australia was the first country in the West to raise interest rates. They went from 3% … “AUD/USD Bounced At Resistance”
Which country will be the next to raise rates?
Australia was the first country to raise the interest rates after the great rate cuts that followed the global crisis. Which country will follow? Australian strength The RBA, Australia’s central bank, was the first to raise the interest rates. Glenn Stevens surprised the markets increased the interest rate from 3% to 3.25%. Australia already had … “Which country will be the next to raise rates?”
Non-Farm Payrolls and the Pound
The monthly Non-Farm Payrolls makes the markets go crazy. Even in this madness, some swing patterns can be identified and handled. While most currencies can swing back and forth, GBP/USD might fall and not come back. 1. But the rumor, sell the fact: This known traders’ saying also works in the forex markets. In some cases, … “Non-Farm Payrolls and the Pound”
Support Line – Courtesy of the Bank
The SNB did it again. They intervened in the forex market to weaken the Swiss Franc. Against the dollar, these moves sure are short lived, but regarding the Euro, the central bank sure marked a support line for EUR/CHF. The Swiss National Bank intervened again in the currency markets to weaken the national currency. Like … “Support Line – Courtesy of the Bank”
German Elections and the Euro
General elections are held in Germany on Sunday, September 27th. Learning from the past, EUR/USD may move strongly at the beginning of the week, and even start with a weekend gap. Germany’s general elections are held on Sunday, September 27th. The main contestants are the incumbent chancellor Angela Merkel of the center-right CDU party, and … “German Elections and the Euro”
Why is the Geppy So Popular?
Out of all the possible combinations of crosses, GBP/JPY, also known as the Geppy, is probably the most popular cross. Here are some possible reasons. GBP/USD combines the British Pound and the Japanese. The most popular pair in the world is EUR/USD. The Geppy doesn’t include the Euro. Although EUR/JPY and EUR/GBP are also respected and … “Why is the Geppy So Popular?”
Pound Still Behind – Bounces Off Resistance
The British Pound doesn’t “use” the dollar weakness to reach new ground. 1.6660 is one of the strongest resistance lines seen in a long time. The rate statement didn’t include the spice to send the Pound higher. GBP/USD now trades at 1.6598 after making a trip to 1.6659 and back. Also NZD/USD made a similar round … “Pound Still Behind – Bounces Off Resistance”
AUD/USD Breakout
While most currency pairs were stuck in a range, AUD/USD managed to break above a month’s range. This happened in the late hours of Friday afternoon. Though it didn’t blast the roof, this breakout repeats the pattern of the previous breakout – exactly 5 weeks ago. After yet another week of AUD/USD range trading, Friday … “AUD/USD Breakout”
AUD/USD Trading in a Perfect Range
The Aussie is trading in quite a fix range. Too conflicting forces keep it between the technical barriers. Taking a midweek view, AUD/USD continues to be a very predictable pair. The Aussie The Australian economy never dipped into recession. It had only one quarter of contraction in a very bad period for the world. Today’s … “AUD/USD Trading in a Perfect Range”