Posts Tagged ‘Expected’
In the UK, a weaker than expected CPI figure and increased speculation about further quantitative easing by the BOE has seen the currency remain heavy in the past few trading sessions. The opportunity exists for a short EURGBP trade at levels above 0.8330 looking for a retracement back to 0.8280 in the coming sessions. We [...]
Source: ForexYard
The price of corn was seen plummeting Friday after a US Department of Agriculture (USDA) study found both stockpiles and seeded areas to be larger than market forecasts. The whopping 92.28 million acres of land seeded this spring was the largest since World War II, with farmers overcoming the relatively colder and wetter period [...]
Now that the uncertainty that comes with the constant threat of defeat of the previous minority government has been set aside for at least the next four to five years, the Canadian dollar is quickly establishing itself as a top choice for investors. Canada has had a succession of minority governments over the past seven [...]
Source: ForexYard
Today’s non-farm payrolls report combined with the ISM Manufacturing PMI are expected to show further improvement in the US economy. With the increase of risk appetite, commodity prices have soared, benefitting the commodity currencies of Australia and Canada.
Economic News
USD – Jobs Report Expected to Show Improving US Economy
The dollar paired [...]
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 rates. The minutes of the last Monetary Policy Committee (MPC) meeting in early [...]
Dear George, It’s me again. Got some more bad news…….Regards Merve
But the three-month operation is normal for the transition that the ECB had in mind
See an orderly transition in money market operations
Market observers saw today’s result as very good
WASHINGTON (CNNMoney.com) — The Senate is entering the final stretch of its work on the Wall Street reform bill, which aims to stop bailouts, shine a light on complex financial products and strengthen consumer protection.
Senate Majority Leader Harry Reid, D-Nev., said on Monday that he would consider forcing a final vote later this week.
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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. This occurs within the context of a steep overall downtrend that began to accelerate in early May. Opening the new [...]
By Greg Holden – Another new month brings with it a fresh Non-Farm Employment Change report from the US government. No doubt many investors have been watching the riots unfold in Greece, bailout packages getting solidified and a shocking plummet in the value of the EUR and Crude Oil. The USD [...]
