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Forex News
October 262016
US Dollar Mixed as Fed December Meeting Remains in Spotlight
The US dollar was mixed today as Forex market participants continued to speculate about whether the Federal Reserve is going to hike interest rates in December or not. For the most part, speculators continued to bet on a hike in December. The problem for the dollar is that such expectations are already reflected in the exchange rate, meaning that news supporting the idea of the December rate increase should have limited impact on the currency. On the other hand, news […]
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October 262016
Pound Flat While Markets Focus on Brexit & BoE Stimulus
The Great Britain pound continued to consolidate, trading mostly flat today, as market participants continued to speculate about the impact of the Brexit and chances for additional monetary easing from the Bank of England. Yesterday, BoE Governor Mark Carney said that the central bank cannot ignore the big decline of the currency since the announcement of the Brexit. That led to speculations that BoE is not going to ease monetary policy further at the next week’s meeting. […]
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October 262016
Pound Flat While Markets Focus on Brexit & BoE Stimulus
The Great Britain pound continued to consolidate, trading mostly flat today, as market participants continued to speculate about the impact of the Brexit and chances for additional monetary easing from the Bank of England. Yesterday, BoE Governor Mark Carney said that the central bank cannot ignore the big decline of the currency since the announcement of the Brexit. That led to speculations that BoE is not going to ease monetary policy further at the next week’s meeting. […]
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October 262016
Australian Dollar Retreats from Session Highs, Stays Above Opening
The Australian dollar rose today following the release of better-than-expected inflation data. While the currency has retreated from the session highs as of now, it is still trading above the opening level. The Consumer Price Index rose 0.7% in the September quarter of this year from the previous three months after increasing 0.4% in the June quarter. The actual increase was above the median forecast of 0.5%. The better-than-expected data reduced chances for the Reserve Bank […]
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October 262016
Australian Dollar Retreats from Session Highs, Stays Above Opening
The Australian dollar rose today following the release of better-than-expected inflation data. While the currency has retreated from the session highs as of now, it is still trading above the opening level. The Consumer Price Index rose 0.7% in the September quarter of this year from the previous three months after increasing 0.4% in the June quarter. The actual increase was above the median forecast of 0.5%. The better-than-expected data reduced chances for the Reserve Bank […]
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October 252016
Improving German Business Climate Provides Limited Support to Euro
Yet again positive macroeconomic data from the eurozone provided limited support to the euro. The German business climate showed unexpected signs of improvement, yet the euro was mixed during the current trading session. The Ifo Business Climate Index rose from 109.5 in September to 110.5 in October. Market participants were surprised by the improvement as analysts had predicted the indicator to stay virtually unchanged. Yet the surprisingly good data failed to boost the eurozone […]
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October 252016
Improving German Business Climate Provides Limited Support to Euro
Yet again positive macroeconomic data from the eurozone provided limited support to the euro. The German business climate showed unexpected signs of improvement, yet the euro was mixed during the current trading session. The Ifo Business Climate Index rose from 109.5 in September to 110.5 in October. Market participants were surprised by the improvement as analysts had predicted the indicator to stay virtually unchanged. Yet the surprisingly good data failed to boost the eurozone […]
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October 252016
Swiss Franc Falls as SNB Monetary Easing Has Not Reached Limit
The Swiss franc fell today as policy makers of the Swiss National Bank were defending the current negative interest rates and signaled that monetary easing has not yet reached its limit. Yesterday, SNB Chairman Thomas Jordan defended the low rates, saying: Despite these monetary policy challenges and potential side-effects, in Switzerland the negative interest rate is currently indispensable, owing to the overvaluation of the Swiss franc and the globally low […]
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October 252016
Swiss Franc Falls as SNB Monetary Easing Has Not Reached Limit
The Swiss franc fell today as policy makers of the Swiss National Bank were defending the current negative interest rates and signaled that monetary easing has not yet reached its limit. Yesterday, SNB Chairman Thomas Jordan defended the low rates, saying: Despite these monetary policy challenges and potential side-effects, in Switzerland the negative interest rate is currently indispensable, owing to the overvaluation of the Swiss franc and the globally low […]
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October 242016
Australian Dollar Struggles to Rise Ahead of Q3 CPI
The Australian dollar has continued to grapple against the power of the mighty US dollar. But today, AUD/USD attempted to fight its way back, setting a high at 0.7640 when just on Friday, it traded as low as 0.7587. This, however, does not signal a green light just yet as the report on the Consumer Price Index for the third quarter of 2016 this week could have a major effect on the Reserve Bank of Australia‘s (RBA) interest […]
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