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This week in the markets: US ends quantitative easing, rocking the market

This week in the markets: US ends quantitative easing, rocking the market

Oct 31, 2014 15:26
The pound fell heavily against the dollar this week, following the US Federal Reserve’s confirmation of an end to its six year quantitative easing programme and dovish comments...

Majors»

GBP/USD Forecast October 27-31

GBP/USD Forecast October 27-31

Oct 26, 2014 17:08
For a second straight week, the British pound showed movement but was unchanged over the week. The pair closed at 1.6084. There are 7 events on the schedule. Here is an...
  • USD/JPY Forecast Oct. 27-31
    USD/JPY Forecast Oct. 27-31
    The Japanese yen reversed directions last week, as USD/JPY gained about  100 points. This week’s highlights...
    on Oct 26, 2014 14:34
  • EUR/USD Forecast Oct. 27-31
    EUR/USD Forecast Oct. 27-31
    EUR/USD had an interesting week, amid speculation about central bank action on both sides of the Atlantic. A very...
    on Oct 25, 2014 15:00
  • Forex Weekly Outlook October 27-31
    Forex Weekly Outlook October 27-31
    Currencies were mixed in the past week, with the greenback gaining against the euro and the yen, while sliding...
    on Oct 24, 2014 16:45

Minors»

USD/CHF Looks Set For A Move Lower

USD/CHF Looks Set For A Move Lower

Oct 28, 2014 09:30
The US dollar was seen trading lower Intraday against the Swiss franc, as there was selling interest noted. The US dollar also traded lower against currencies such as the...
  • AUD/USD Forecast October 27-31
    AUD/USD Forecast October 27-31
    AUD/USD was almost unchanged last week, closing at 0.8786. There are just four events this week, highlighted by...
    on Oct 26, 2014 18:06
  • USD/CAD Forecast Oct. 27-31
    USD/CAD Forecast Oct. 27-31
    The Canadian dollar had showed some strength last week, with USD/CAD closing with modest losses. The pair closed...
    on Oct 26, 2014 12:48
  • NZD/USD Forecast Oct. 27-31
    NZD/USD Forecast Oct. 27-31
    The New Zealand dollar managed to top 0.80 but eventually retreated and ended the week lower. The main event...
    on Oct 26, 2014 11:00

Basics & Industry»

Math Class Revisited: Understanding the Different Forex Charting Methods

Math Class Revisited: Understanding the Different Forex Charting Methods

Oct 27, 2014 08:23
Remember all of those charts and graphs you had to learn during high school? Once you start trading Forex, all of that knowledge is finally going to come in handy. One of...

Recent Articles

This week in the markets: US ends quantitative easing, rocking the market

This week in the markets: US ends quantitative easing, rocking the market

The pound fell heavily against the dollar this week, following the US Federal Reserve’s confirmation of an end to its six year quantitative easing programme and dovish comments from Bank of England’s Deputy Governor regarding UK interest rate rises. Markets were understandably cautious ahead of Wednesday’s FOMC announcement, due to Tuesday’s US durable goods orders.

Trick-or-Treat? BoJ Slaughters Yen with More QE

Trick-or-Treat? BoJ Slaughters Yen with More QE

In an entirely fitting move to celebrate the Halloween holiday, the Bank of Japan surprised market participants overnight by picking up the liquidity baton and “treated” the markets to an expansion of the central banks’ asset purchase program. While the prospect of the BoJ upping the dosage on their QE program had been a high

EUR/USD collapses below 1.25 – bounces back

EUR/USD collapses below 1.25 – bounces back

EUR/USD finally slides below the very round number of 1.25 which is USD/EUR 0.80. This is the lowest since August 2012. The new low is 1.2485, but the pair isn’t going too far, not yet. Quite a few reasons justify the fall, but what was the final straw? The last indicator was stronger than expected wage

US Core PCE Price Index remains at 1.5% y/y, Q3 wages rise – USD higher

US Core PCE Price Index remains at 1.5% y/y, Q3 wages rise – USD higher

The Fed’s most important inflation number, Core PCE Price Index, rose 0.1% m/m and 1.5% y/y, as expected. Disappointments came from personal spending, that fell 0.2% m/m contrary to an expected growth of 0.1%. Personal income also fell short of expectations with 0.2% instead of 0.3% expected. However, the employment cost index for Q3 rose

Canadian GDP slides 0.1% in August – USD/CAD jumps higher

Canadian GDP slides 0.1% in August – USD/CAD jumps higher

Canada’s economy squeezed in August: a drop of 0.1% in August followed no growth in July. This shows a significant slowdown. Year over year, the economy grew 2.3%, below 2.5% predicted. The Canadian dollar doesn’t like it, with USD/CAD leaping from under 1.12 to 1.1235 at the time of writing. Canada was expected to report

Market Movers Episode #22: Preview of November’s big events, FOMC, recent events rundown

Market Movers Episode #22: Preview of November’s big events, FOMC, recent events rundown

There is a lot of action in markets and more to come: we preview the big events of November, which promise to be exciting. And before looking forward, we look back and run through the Fed bullishness, the impact of US GDP, ECB stress tests and more. Welcome to a new episode of Market Movers, presented by

Euro-zone inflation stands at 0.4%, core at 0.7% – EUR/USD recovers

Euro-zone inflation stands at 0.4%, core at 0.7% – EUR/USD recovers

Euro-zone inflation defies gravity and stands at 0.4%. It could have been worse. Core inflation is indeed worse at 0.7%, but the ECB’s mandate is the headline inflation, and that came out OK – very low, but not terrible as German numbers implied. The unemployment rate stands at 11.5% as expected. EUR/USD recovers to 1.2580. Official

Gold falls as low as $1167.17 – lowest in 4 years

Gold falls as low as $1167.17 – lowest in 4 years

Gold finally collapsed below the “taper tantrum” lows from 2013 and fell to $1167.17 – the lowest level since August 2010. Can the precious metal fall even lower? Or has it reached a level in which the intrinsic demand (weddings in India, industrial use) will keep it bid? What’s behind the fall? Basically, the Fed ended

BOJ increased stimulus

BOJ increased stimulus

The initial dollar strength following the FOMC on Wednesday was partially unwound as it looked like the bull run was struggling to shift up a gear. If there was ever any doubt in the mind of the dollar bulls it will have been laid to rest earlier this morning by the Bank of Japan who

Next Leg Of USD Strength Is Just Around The Corner – Citi

Next Leg Of USD Strength Is Just Around The Corner – Citi

The US dollar strengthened after the Fed decision, but the internal data in the GDP report cast some doubt about the strength of the US economy and allowed profit taking on dollar longs. So what’s next for the dollar? Citi sees that the next dollar strength around the corner: Here is their view, courtesy of eFXnews: