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Day: May 11, 2015
May 112015
Pound Stronger After BoE Refrains from Action Again
The Great Britain pound rallied today against its major rivals following the decision by the Bank of England to leave its monetary policy unchanged. Such decision was widely expected as the central bank did not make any changes to the policy since 2009. The BoE announced today: The Bank of Englandâs Monetary Policy Committee at its meeting on 8 May voted to maintain Bank Rate at 0.5%. The Committee also voted to maintain the stock […]
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May 112015
Yuan Little Changed After Surprise Interest Rate Cut
The Chinese yuan was little changed today after China’s central bank made a surprise interest rate cut. It was the third such move in the past six months, suggesting that Chinese policy makers are serious about rejuvenating the country’s economic growth. The People’s Bank of China lowered its main interest rate by 25 basis points to 5.1 percent over the weekend. It was just one of many […]
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May 112015
Employment Situation Weighs on Canadian Dollar
Canadian dollar is lower today, thanks in large part to concerns over the employment situation and the economy. However, it’s also not helping that oil prices still aren’t recovering quite as much as some would like. Loonie is mostly lower today, falling even against the euro, which is struggling quite a bit today. Canadian dollar is being hit by an employment situation that is dragging on the economy. […]
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May 112015
Euro Struggles as Talks About Greece Cause Jitters
Euro is heading lower against its major counterparts today as continued talks about the situation with Greece add uncertainty and cause jitters. More Forex traders and others seem to be steeling themselves for a Greek exit from the eurozone. Once again, members of the Eurogroup are meeting to discuss the situation in Greece. Another payment on the IMF loan the country received is due tomorrow. Even though Greece is expected to pay, […]
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May 112015
What Is Your View of the Forex Trading Industry?
One of the main obstacle for new traders to become profitable traders is the lack of a proper vision of the market and its role in their lives. I would not be surprised, for example, that the majority of laymen believes that Forex is just some kind of online scam. That point of view is easy to come by, it is fueled by a lot of hot news concerning Forex (brokers going bankrupt, scammers getting jailed, […]
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