Bank of England says it was in no hurry to raise interest rates

Relief rippled through UK markets on Thursday after the Bank of England indicated it was in no hurry to raise interest rates while fears that U.S. rates are set to rise from crisis-era lows continued to hurt emerging markets. Many investors were keeping moves small ahead of U.S. jobs data on Friday that could give a strong pointer to when the Federal Reserve will raise rates for the first time in nearly a decade. U.S. equity futures SPc1 were up 0.2 percent…

Top 10 Weekly Forex Market Headlines – 10.17.2014

1. Putin orders withdrawal of Russian troops from Ukrainian border October 13, Russian President Vladimir Putin has ordered thousands of troops stationed near the Ukrainian border to return to their bases, Russian media report. Mr Putin’s spokesman said about 17,600 soldiers on training exercises in the Rostov region would be pulled back. Russia has previously […]

UK inflation down to 1.2% in September, first rate hike seen pushed back to mid-2015

Inflation has slumped to its lowest rate for five years, hitting 1.2% in September and taking pressure off the Bank of England to raise interest rates in coming months. The news took financial markets by surprise and the pound weakened against the euro and the dollar as traders pushed back bets of when the central bank will start to raise rates…

Daily Forex Market Review 08/13/14 (+35 pips)

Today’s Trade Result: +35 pips July 2013: +160 pips June 2013: +336 pips May 2013: -50.5 pips April 2013: +851.5 pips March 2013: +327.5 pips February 2013: +127.5 pips January 2013: +1107.5 pips December 2012: +29 pips November 2012: +35.5 pips October 2012: +259.5 pips September 2012: +112.5 pips August 2012: +365.5 pips July 2012: […]

Top 10 Weekly Forex Market Headlines – 07.25.2014

1. Global stocks slip, dollar steady amid Ukraine, Gaza tension July 21, The U.S. dollar held steady against major currencies on Monday as investors reduced holdings of stocks and other risky assets on anxiety about escalating violence in Gaza and Ukraine. Demand for traditional safe-haven yen and Swiss francs persisted but it was not strong […]

Daily Forex Market Review 06/24/14 (+40 pips)

Today’s Trade Result: +40 pips July 2013: +160 pips June 2013: +336 pips May 2013: -50.5 pips April 2013: +851.5 pips March 2013: +327.5 pips February 2013: +127.5 pips January 2013: +1107.5 pips December 2012: +29 pips November 2012: +35.5 pips October 2012: +259.5 pips September 2012: +112.5 pips August 2012: +365.5 pips July 2012: […]

Middle East crisis drives up crude oil prices, dollar

(Reuters) – Escalating violence in Iraq drove crude oil and the dollar higher on Friday while damping the appetite for global equity markets, even as bullish news from the U.S. tech sector lifted stocks on Wall Street. Brent crude edged above $113 a barrel, up more than…

Top 10 Weekly Forex Market Headlines – 05.30.2014

1. U.S. services sector expands at fastest pace in 7 months May 27, The U.S. services sector expanded in May at its fastest rate since March 2012 as employment creation accelerated, an industry report showed on Tuesday. Financial data firm Markit said its “flash” services Purchasing Managers Index hit 58.4 in May compared with April’s […]

Top 10 Weekly Forex Market Headlines – 02.28.2014

1. Draghi signals March ECB’s policy meeting could be critical February 24, European Central Bank President Mario Draghi Sunday signaled the central bank’s March policy meeting could be critical in determining whether the ECB will provide additional stimulus to shore up the nascent euro-zone economic recovery… 2. Further sterling strength could delay rate hike: BOE’s […]

Newsletter

Zero spam.