Post Tagged with: "interest rate"

AUD/USD Falls On Chinese Rate Hike

AUD/USD made a sharp fall after the Chinese central bank announced a rate hike. The news from China had a stronger impact than positive Australian news released earlier. It’s now supported in lower levels. Update. (more…)

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Europe Losing the Currency War

The “currency war” is raging with countries intervening in the forex markets, devaluing their currencies and pausing on necessary rate hikes. Europe seems unable to deal with China and the rest of the world. ¬†The Euro is on the rise and this will eventually hurt the European economies. The big problem is China that maintains [&hellip

[Video] No One Left to Short, British Dilemma, NFP and More

In the weekly interview on Forex TV, I spoke with Julie Sinha about the possible turning point for the US dollar, the dillema that British policymakers face in the interesting rate decision, the busy week in Australia, and the Non-Farm Payrolls of course. Enjoy

USD/CAD Down on Canadian Rate Hike

The Bank of Canada raised the interest rate for a third time in a row to 1%. This partial surprise sends USD/CAD down to another attempt on the support line. USD/CAD fell from 1.0470 to 1.0415 at the time of writing. The Canadian dollar is now approaching a significant line: Update 14:00 GMT: Canada’s important [&hellip

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 [&hellip

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

Canadian Dollar Jumps – Road to Rate Hike Open

The Bank of Canada didn’t move the rates, but removed the comment regarding no rate hike till the end of Q2. A rate hike in the next meeting looks very probable. USD/CAD is below parity once again. Update on this strong currency. While Mark Carney’s BOC left the main interest rate, the Overnight Rate, unchanged, [&hellip

USD/CAD Feeling More Comfortable with Parity

After USD/CAD reached parity last week, it made a retreat and closed the week higher. This time, the pair went lower, and refuses to run away from parity. If USD/CAD closes the week under 1.0000, it will be set for more losses towards the Canadian rate decision. USD/CAD is now trading around 1, after another [&hellip

AUD/USD Advances on Fifth Rate Hike

There were many doubts about this move. When it did happen, the Australian dollar reacted with a leap. The Aussie is now better positioned towards the next big release this week and could go over the top. Update on this strong currency. After last week’s disappointing Australian figures, there were doubts about this move. It [&hellip

Aussie Losing its Charm?

The Australian dollar dipped on bad fundamentals – something quite uncommon. Does this imply a long term change? An update on the Australian economy as well as AUD/USD technicals. At the beginning of the week, things looked good for the Aussie. Glenn Stevens, the governor of the RBA, said that house prices are too high [&hellip