The Federal Reserve announced today its long-anticipated interest rate lift-off. EUR/USD dipped after the event but recovered quickly, continuing to move higher. Some market analysts explained such behavior by the fact that the Fed left its economic forecasts basically the same, making it illogical to raise interest rates while inflation is expected to remain below the 2% target till 2018. Housing starts were at the seasonally adjusted […]
Read moreThe Australian dollar ticked higher today as the market was preparing itself for the upcoming monetary policy announcement from the Federal Reserve. Trading was jittery due to uncertainty regarding the Fed decision and the market reaction to it. The Fed is going to announce its decision as of 19:00 GMT today. Most market participants anticipate monetary tightening, but it is unclear how it would affect the market. While the US dollar was […]
Read moreThe Great Britain pound fell today after the employment report showed that wage inflation decreased, giving Britain’s central bank little incentive to start raising interest rates. There were good news in the report as well, but it hardly affected the sterling. The data from Office for National Statistics showed that average weekly earnings rose 2.4 percent in the period between August and October of 2015 compared to the same three […]
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