Day: July 16, 2013

July 16
2013

Euro Gains on Dollar Weakness

Euro is gaining today, mainly thanks to dollar weakness. With disappointing economic news out of Germany, there’s not much to hold the euro up right now, so the fact that the US dollar is struggling is helping the 17-nation currency. The latest economic data out of the eurozone shows that the ZEW is down, and that inflation throughout the eurozone indicates subdued price pressures. With signs that the economy […]

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July 16
2013

UK Pound Lower as BOE Policy Expected to Remain Accommodative

UK pound is down against its major counterparts today, dropping as expectations that the Bank of England will keep its monetary policy weigh on the currency. The latest inflation data out of the United Kingdom indicates that the economy isn’t growing as fast as some would like, and that means that there is likely to be more interest in keeping monetary policy accommodative and asset purchase programs in place. The Office for National […]

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July 16
2013

RBI Raises Rates, Rupee Stronger

The Indian rupee advanced today after the nation’s central bank raised interest rates yesterday in order to address the exchange rate volatility and to support the weakening currency. The Reserve Bank of India increased its main interest rate from 8.25 percent to 10.25 percent yesterday. The bank explained the background for such decision and “the need to restore stability to the foreign exchange market”: The market perception of likely tapering of US Quantitative Easing has triggered outflows […]

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July 16
2013

Aussie Jumps After RBA Minutes

The Australian dollar jumped today after the Reserve Bank of Australia released the minutes of its last policy meeting, suggesting that the current level of interest rates is appropriate for the time being. The minutes said: Given the exchange rate adjustment that was occurring, and with the substantial degree of monetary stimulus already in place, members assessed the current stance of policy to be appropriate for the time being. At the same time, the central bank noted that […]

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July 16
2013

EUR/USD Jumps as CPI Beats Forecasts

EUR/USD jumped today as US inflation beat forecasts, supporting the case for smaller stimulus from the Federal Reserve. Fed Chairman Ben Bernanke testifies this week and Forex market participants wait for his comments that may help to gauge the future moves of the US central bank. Previous Bernanke’s speeches had a great impact on the market and there is no reason to believe that things will be different this time. […]

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July 16
2013

Comparison of Forex Economic Calendars

Contents 1 The List 2 Interface 2.1 Basics 2.2 Legend 2.3 Images/Currency Codes 2.4 Details 2.5 Graphs and Charts 2.6 Revisions Explained 2.7 Filters 2.8 Timezone 2.9 Time Browsing 2.9.1 Start of the Week 2.10 Self-Updating 2.11 Delays 2.12 Sounds 3 Loading Speed 4 Number of Events 5 Forecast Accuracy and Similarities 6 Translations 7 Extra Features 8 Exporting and Printing 9 […]

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