Federal Reserve holds interest rates steady, says tapering of bond buying coming ‘soon’
The Federal Reserve on Wednesday held benchmark interest rates near zero but indicated that rate hikes could be coming sooner than expected, and it significantly cut its economic outlook for this year. Along with those largely expected moves, officials on...
European Monetary Policy and FX Roundup
Summary It has been a particularly busy week across Europe, with several of the G10 central banks making monetary policy announcements and contributing to varying degrees of market excitement. In this report we briefly recap these announcements and assess their...
BOE Downgraded Short-Term Growth, but Turned Slightly More Hawkish about Tightening
The BOE voted 9-0 to leave the Bank rate at 0.1% at the September meeting. The members voted 7-2 to keep the QE program at 895B pound. Deputy governor Dave Ramsden and external member Michael Saunders favored lowering the amount...
Sterling Rebounds on Hawkish BoE Surprise, Risk Sentiments Improved
Sterling rebounds strongly after two BoE MPC member voted for tapering. Also, recent developments strengthened the case of modest tightening. Commodity currencies are also firmer following mild rebound in the stock markets. On the other hand, Yen, Swiss Franc and...
Stocks making the biggest moves premarket: Darden Restaurants, BlackBerry, Salesforce and others
Check out the companies making headlines before the bell: Darden Restaurants (DRI) — The Olive Garden parent reported earnings of $1.76 per share, higher than the $1.64-per-share forecast. The restaurant company also reported same-store sales that rose 47.5%, topping estimates....
GBPJPY Makes Slight Headways From Bottom Of Range
GBPJPY has pushed higher off a two-month low of 148.94 and is finding some difficulty in extending the move far above the 150.00 mark. The bearish simple moving averages (SMAs) are endorsing the decline from the 152.84 peak, while the...
GBP/USD: BoE Faces Major Dilemma
Like many other major central banks, the Bank of England faces a major dilemma: start reducing stimulus in the face of the rapidly rising inflationary pressures or let inflation cool down naturally as the impact of supply bottlenecks, energy price...
AUDUSD Resilient Above 0.7230, But Still Under Bearish Risk
AUDUSD was unsuccessful in piercing the 0.7300 level late on Wednesday but resilient enough to hold above the familiar base of 0.7230, where the bulls found some footing in the last week of August and market actions paused in the...
WTI Futures Holds A Bullish Bias But Strong Resistance Awaits Near 73.00
WTI futures are climbing above the Ichimoku cloud and the bullish crossover within the 20- and 40-day simple moving averages (SMAs), challenging again the previous days’ high of 72.86.According to the technical indicators, the MACD is overcoming its trigger line...
Markets Responded Positively to FOMC, Sterling Stays Soft ahead of BoE
Dollar initially dipped after FOMC overnight, but quickly found its footing. Overall market reaction was positive, but insufficient to alter the near term outlook. Sterling remains the worst performing one for the week while Swiss Franc is the strongest. Both...
Signal2forex.com - Best Forex robots and signals




