Euro Spurred by Series of Positive PMIs; ECB Announces Historical Change in Interest Rates
Euro spurred on by series of positive PMIs and ECB announces historical change in interest rates A powerful chain of PMIs was released in the eurozone last week, all beating economists’ expectations and injecting the eurozone with a much needed boost of positivity. The Markit PMI Composite for the eurozone came in at 51.9 as […]
MARKET UPDATE: QE In The US Comes To A Standstill As Janet Yellen Gets In Line To Fill Bernanke’s Shoes
The result of last week’s FOMC Minutes in the US was largely centered on Janet Yellen’s nomination as the next Chairwoman of the Federal Reserve. Whilst estimates foretold that QE tapering was in the cards to be announced at last week’s Minutes – as was an imminent end to QE altogether by mid-2014 – neither […]
Market Update: US unemployment Data Key To Forex Market
A degree of stability has hit the market in the wake of the volatility of last week, but this may be short lived with important US unemployment data due out later in the week. There are rumours in the market that, should there be stronger than forecast unemployment data, the Federal Reserve may decide to […]
Forex Time Market Update
This week is an interesting time for currency and commodity traders with volatility expected in the markets due to several influential economic news announcements. The primary focus is on the US economy and whether it is truly strengthening. Employment data announcements this week are expected to have a critical impact on Federal Reserve President Ben […]
FXTM Market Update
The yen showed some unexpected strength on Monday, but the revival of Japan’s currency was short-lived when all of the majors, including the yen, weakened again early on Tuesday. Although this initial strength seemed like a positive move for the yen, traders should act with caution in response to any signs of strength because the […]
FXTM Market Update
Last week, a further weakening of the yen took the market by surprise with few analysts expecting the currency to decline so far. With Japan’s economic policy minister Akira Amari warning that further weakness may “hurt people’s lives”; it is not only traders who are looking at this currency closely. Technical analysis indicates that further […]