ECB Interest Rate Bounced the Euro As widely expected, the ECB cut its benchmark lending rate by 25-basis points to 1.0%. However, the interest rate cut announcement was made by ECB President Trichet's post-decision press conference. This prompted the euro to bounce off its session lows against the dollar and climbed to a one-month high
Interest Rates May 6 (Bloomberg) -- The euro weakened against the dollar for a second day on speculation the European Central Bank policy makers will lower interest rates tomorrow and consider other measures to stimulate growth. The ECB will at least announce something unusual. In terms of policy measures, they’ll be discussing the
The BOE & FOMC Minutes The focus will be on the pound and the dollar. Today, we have the release of BOE Minutes at 09.30 GMT and then the FOMC Minutes at 19.00 GMT. Bloomberg reported that The Office for National Statistics report showed inflation slowed last month less than forecast, prompting speculation the BOE will reduce the pace
AP reported that “Obama, a Democrat who is to be sworn in at noon Tuesday as the 44th U.S. president, inherits a $1 trillion-plus deficit and the worst economy since the Great Depression.” But some other sources reported that the accumulated deficit is more than $ 3 trillion. The Recession Obama not only inherits a huge deficit but also
Interest Rate Cut BOE cut its Interest Rate by 0.5% yesterday, the fourth Interest Rate cut since the coordinated emergency Interest Rate Cuts in October and sent the GBPUSD to a high of $1.5370. Non Farm Payrolls However, the focus will be on the Non Farm Payrolls report that will be released today. An early U.S. payroll report showed that
The Interest Rate Cuts will be used as a weapon in combating the recession and inflation. The Fed in US, the BOE and the ECB will reduce their Interest Rates in facing the Global Financial Crisis. The Fed lowered its target Interest Rate to between zero and 0.25 % last month and pledged to keep the Interest Rate as low as possible.
For the week ending 9th. January, the focus will be on three major Forex News namely the FOMC, BOE Interest rate Decision and the much anticipated Non Farm Payrolls. FOMC @ 19.00 GMT on Tuesday, 6th. January BOE Interest rate Decision @12.00 GMT on Thursday, 8th. January Non Farm Payrolls @13.30 GMT on Friday, 9th.
[caption id="attachment_163" align="aligncenter" width="300" width="300" caption="Fxpro Forex Trading Broker"][/caption] USD Interest Rate Cut The NBER revealed that the US economy has been in a recession since December 2007, leading to the collapse of major US stock bourses. The Dow Jones sank by 7.7%, and both the Nasdaq and S&P 500
[caption id="attachment_161" align="aligncenter" width="300" caption="FxPro Forex Trading Broker"][/caption] Forex News this Week For this week the focus will be on the Non Farm Payrolls. However, there are several others Fundamental News that will have a strong impact on GBP and the USD. These are: • BOE Interest Rate Decision This
If you are trading on Forex News, you got to be on the lookout for high impact Forex News related to Interest Rate and Inflation. Forex News in the pipeline are : Minutes of Meeting of BOE and FOMC at 09:00 GMT and 19:00 GMT respectively. Two other datas Forex News on CPI and Housing Starts at 13:30 GMT Trading suggestion for GBPUSD is
Nov. 14 (Bloomberg) -- The yen rose, heading for weekly gains against the euro and the dollar, as a drop in U.S. retail sales prompted speculation investors will sell higher-yielding assets and pay back low-cost loans in Japan's currency. The dollar was poised for a second weekly gain versus an index of the currencies of six major trading
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