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Day: December 9, 2015
December 92015
EUR/USD Shoots to Upside as Traders Wait for Fed
EUR/USD jumped more than 1 percent today as traders were closing their long positions ahead of the next week’s Federal Reserve policy decision. Market analysts believe that the rally would be short-lived unless the Fed fails to deliver the long-anticipated interest rate hike. Wholesale inventories were down 0.1% in October instead of rising 0.2% as was predicted by forecasters. The September’s increase was revised down from 0.5% […]
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December 92015
Greenback Falters on Commodities and Interest Rate Revolt
The US dollar is struggling today, faltering as commodities move a little higher, and as it appears that there could be a revolt against higher interest rates from the Federal Reserve. For the past couple of months, the expectation has been that the Federal Reserve will raise interest rates at its meeting later this month. However, now it appears that there is a growing number of economists, analysts, and pundits that […]
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December 92015
UK Pound Gets Boost on Forecasts
UK pound is mostly higher today, getting some help from better performances by commodities, as well as improved forecasts for next year. Sterling is moving mostly higher today as most of the market awaits an announcement from the Federal Reserve. With commodities regaining some lost ground, high beta currencies and commodity currencies are getting a little help. UK pound is also getting some help from the better […]
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