Cable’s Surprising Recovery The cable strengthened 1.4 percent in today’s trading. The Bank of England (BoE) delivers its 2nd post-Brexit interest rate decision on Thursday May 4th. Some investors speculate that policy makers will disappoint…
Forex News
In The News –The SEC charges Haena Park On Fraud
U.S. Charges Haena Park, Harvard Alumni – Forex Trader’s Ponzi Scheme Revealed. Well it is a bad year for Harvard Grads. After a high profile case like Andrew Caspersen, SEC (The Security and Exchange Commission)…
Dollar Hits New Highs After Fed Reveals Possible Fed Rate Hike In June
Dollar Hits New Highs After FOMC Minutes Today we saw the Greenback extend gains against its major counterparts after FOMC revealed they are moving closer to the next interest rate increase, possibly in June or…
April NFP Results Are In
Today’s NFP Report in the USA came in slightly higher than expected. Previously in March, all non-agricultural jobs increased by 245,000. The expected change for April was an increase in Payrolls of 205,000s and the actual…
7 Year Low On The Cable – Will The Short Trend Continue?
Today, the Cable sank below $1.39 for the first time since March 2009. As the world worries about the financial health of Britain, Prime Minister David Cameron announced June 23rd as the date the U.K. votes…
Oil Plunges, Chaos In the Markets
Markets resumed their risk-averse trading today and oil spiraled to a new lows, The DJIA plummeted over 500 points during the USA session. Under these conditions, the gold and yen have been the most favorable. The dollar also suffered…
Western Traders, Don’t Forget About China
For most western traders, we think of December as being the holiday season, and that markets will resurface with more activity come January. And that is very true and valid because this time of year has…
Fed Rate Hike – Expectations
Since the recent NFP release in November, most economists are convinced tomorrow’s FOMC minutes release will reveal the first rate hike in the Fed benchmark interest rate in almost 10 years. No doubt economic conditions today are compatibly…
Today’s Job’s Report, Tomorrow’s Fed Rate Hike?
The US NFP Jobs Report revealed an increase of +211K jobs in November. This is +17K above the forecast. Additionally, the unemployment rate holds and wage growth retrenches back to +2.3%.The overall data fits into…
Spotlight on the Euro
The Euro saw little change today against the USD after the Euro-Zone ZEW Survey revealed that financial experts throughout Europe believe that economic advancements are less favorable in the Euro-Zone than previously believed last month. Read article
