Lifting Inflation Goals? Bernanke Hints Awful US Situation
Ben Bernanke talks about adding more stimulus steps if necessary, and mentions a surprising option of lifting inflation goals to boost the economy. While he said this step doesn’t have support in the FOMC, the fact that he even mentioned it is a big surprise. This is his subtle way of saying that the situation [...]
GBP/USD Bounces Off Support Line on Meeting Minutes
The meeting minutes from the last meeting of the BoE showed that there’s still one member voting for a rate hike. This helped GBP/USD bounce off the support line, after it got very close to it. Update on the Pound. Andrew Sentance continues to vote for a rate hike. He’s still the only member out [...]
British Inflation Sliding Towards Target
British consumer prices are still above target. CPI dropped from 3.2% to 3.1%, exactly as expected. Other inflation related figures were softer than predicted, and the immediate reaction of the Pound was a small drop. Core CPI unexpectedly dropped from 3.1% to 2.6%, showing that the higher inflation isn’t really strong. Also the RPI (Retail [...]
The Pound rises by orders from the King
Mervyn King finally changed his tone about inflation, and sent the British Pound above a critical resistance line. Update on the rising sterling.
Interests Rates: Looking Through the Fed’s Eyes
Guest post by David Leal, Market Analyst – IntegrityFXPlus.com Like any other good, the value of a currency is determined by the forces of supply and demand. However, in currencies the supply of currencies is controlled by the central banks. They are the single most influential entity on a currencies value. So, it is obviously [...]
Forex Daily Outlook – March 23rd 2010
After a light Monday, the calendar becomes more crowded today. British inflation figures and American Existing Home Sales among other events. Let’s see what’s up for today: In Switzerland, SNB Governing Board Chairman Philipp Hildebrand will speak about the central bank’s monetary policy during the crisis. Referring to interest rates and possibly currency interventions will [...]
Forex Weekly Outlook – February 22-26
After another wild week and a very surprising rate hike, the last week of February also has its share of big events. Bernanke will continue to dominate the scene with two testimonies and revised GDP in the UK and the US will supply an exciting end to the week. And there are more market moving [...]
GBP/USD – Trend lines on a Collision Course
The Pound is trading in a narrow range, and it’s getting narrower. The trend lines are about to collide – meaning that an explosion is underway. There are a few upcoming events that will determine the direction of explosion. GBP/USD is bound by two trend lines that aren’t parallel. Using the hourly chart, I’ve drawn [...]
Forex Daily Outlook – January 29th 2010
The last day of January features the initial release for American GDP among other important events. Let’s see what’s up for today. EUR/USD, the most popular pair is suffering losses. Casey Stubbs keeps up with the moves with fresh analysis all the time.
USD/CAD Rises on Unchanged Policy
The Bank of Canada left the interest rate unchanged and more importantly – left the forecast unchanged. Without an upcoming rate hike, the Canadian dollar loses ground to the greenback. Mark Carney likes clear messages. In the headline provided with the rate statement he “reiterates conditional commitment to hold current policy rate until the end [...]
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