Bank of England Review: Unchanged But Hikes are Coming
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US: Trade Deficit Widens in September, as Exports Pull Back
The U.S. trade deficit widened to $80.9 billion in September from $72.8 billion in August. Total exports (goods and services) decreased by 3.0% (+0.6% in August), while imports increased 0.6% (+1.3% in August). Goods exports decreased by 4.7% in September...
Sterling Dives as BoE Refrains from Rate Hike, Yen and Franc Firm
Sterling drops sharply after BoE stands pat, disappointing those who expected a hike. Euro is currently following as the second weakest for the day. On the other hand, Yen and Swiss Franc rise broadly, supported by falling benchmark yields in...
USD/CAD Passes Support Line
On Wednesday, at 18:00 GMT, the US Federal Reserve revealed the central bank’s future monetary policy. The event caused volatility, which passed the support of the recent low level connecting trend line. However, the pair found support in the 200-hour...
GBP/JPY Finds Resistance In SMA
The GBP/JPY currency exchange rate’s recovery found resistance in the 200-hour simple moving average near 156.20. On Thursday morning, the rate declined and reached the support of the 50-hour simple moving average near 155.40. A passing of the support of...
GBPUSD Flatlines Within Bearish Channel Ahead Of The BoE
GBPUSD has been flatlining within the 1.3600 – 1.3700 area so far this week, unable to find enough buying traction to recoup the pullback from the down-trending channel ahead of the Bank of England’s policy meeting at 12:00 GMT today....
Stocks Surged, Dollar Mixed after Fed Tapering, BoE Next
US stocks surged to new records overnight despite Fed’s tapering announcement. Positive sentiments also continued in general in Asia. Dollar remains mixed for now and traders are probably awaiting tomorrow’s non-farm payroll report before taking a commitment. Focus will now...
Fed to start tapering bond purchases later this month as it begins pulling back on pandemic aid
The Federal Reserve announced Wednesday it soon will begin reducing the pace of its monthly bond purchases, the first step toward pulling back on the massive amount of help it had been providing markets and the economy. Tapering of bond...
Stock futures are flat after Fed comments lift major averages to new highs
U.S. stock index futures were steady during overnight trading on Wednesday after the major averages closed at records following commentary from the Federal Reserve. The central bank said it will begin to slow its bond-buying program, signaling that the economy...
Fed Will Start Reducing Asset Purchases in Coming Weeks. Not in a Rush to Raise Rate
As widely anticipated, the Fed announced to taper its QE program. The Fed funds rate was kept unchanged at 0-0.25%. US dollar retreated after the meeting as the Fed continued to view inflation as “transitory” and did not appear to...
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