SUBSCRIBE TO FEED'Rates' Tag
-
ECB, BOE Likely to Keep Rates the Same
October 6, 2011Euro down in forex trading The European Central Bank, and the Bank of England, are both likely to keep their respective benchmark interest rates the same tomorrow. Not much has changed, and the low rates are needed to help with the economy. Additionally, the Bank of England could announce QE2 measures to help stimulate the [...]
-
Obama Says Consumers will Face a De Facto Tax with a U.S. Default
July 15, 2011What’s Next for U.S. Interest Rates? Congressional Republicans may be standing against increasing taxes for the wealthy in the U.S., even to avert financial disaster, but President Obama is warning that a de facto tax hike on everyone could come in the form of higher interest rates if the U.S. defaults on its debt. With [...]
-
CENTRAL BANKS LEAVE RATES UNCHANGED
May 6, 2011The euro fell across the board yesterday after the ECB left interest rates on hold and Trichet hinted that a rate rise at the bank’s June meeting was unlikely, disappointing those in the market who had been looking for a hawkish tone. After a sharp drop over the day the euro stabilised overnight, but still [...]
-
SOVERIEGN DEBT CONCERNS BACK IN THE SPOTLIGHT
April 18, 2011The euro came under downward pressure versus the dollar in early morning trade, with sellers emerging after a number of attempts to break through resistance points failed. Although still relatively strong as it is underpinned by the euro zone’
-
Bank of Canada Leaves Rates Steady; Looks for Hike Sooner than Expected
April 13, 2011Loonie stymied in forex trading The Bank of Canada announced that it would keep its benchmark interest rate steady at 1%. The news has the loonie lower in forex trading against the greenback. The decision was expected, but that didn’t help forex traders feel better about it. However, the outlook for the Canadian economy is [...]
-
US NON FARM PAYROLLS MAY SUPPORT THE US DOLLAR
April 1, 2011After drifting early in the day, the euro edged higher versus the dollar late yesterday after the ECB said that it will continue to provide ample liquidity to Irish banks. Upside versus the USD, however, was limited with talk of higher interest rates in the US by the end of the year (the Fed’
-
Pound Vs. Euro: Tie Game for Now?
March 24, 2011While I’m fondest of analyzing all currencies relative to the Dollar (after all, it’s what I’m most familiar with and is involved in almost half of all forex trades), sometimes its interesting to look at cross rates. Take the Pound/Euro, for example, arguably one of the most important crosses, and one of a handful that [...]
-
How To Trade The RBNZ Rate Decision
March 9, 2011FX360.com | The lack of U.S. economic data this morning has once again led to relatively quiet trading in the foreign exchange market. The lack of U.S. economic data this morning has once again led to relatively quiet trading in the foreign exchange market.
-
Forex Markets Look to Interest Rates for Guidance
February 11, 2011There are a number of forces currently competing for control of forex markets: the ebb and flow of risk appetite, Central Bank currency intervention, comparative economic growth differentials, and numerous technical factors. Soon, traders will have to add one more item to their list of must-watch variables: interest rates. Interest rates around the world remain [...]
-
Interest rates remain on hold and Euro gains on ECB comments
January 14, 2011Yesterday both the ECB and the BoE announced that interest rates are to remain on hold for the time being. Markets are however starting to price in future changes due to headline inflation rates currently coming in above target in both sectors. Jean Claude Trichet indicated in yesterdays post meeting press conference that interest rates [...]
-
Will the Bank of England Raise Interest Rates?
January 7, 2011Sterling higher in currency trading Inflation continues in Britain, and that means that the Bank of England may be interested in raising rates at their next meeting. Inflation has been above target for months now, and the BOE has been holding the course. However, it might be time to rein things in. The difficulty with [...]
-
Mortgage rates rise toward 5 per cent
December 9, 2010National average mortgage rates are on the rise in the United States as jobless claims are improving and the economy appears to be improving. The national average 30-year fixed rate Thursday (December 9) morning is 4.91 per cent according to Bankrate.com, compared with an average mortgage rate of 4.66 per cent on Thursday last week. [...]
-
AUSTRALIAN DOLLAR CONTINUES ITS BULLISH TREND
December 7, 2010Australia’s central bank kept its key cash rate unchanged at 4.75% after its meeting finished overnight. The announcement was widely expected following a pre-emptive hike last month. Markets now expect the central bank to leave rates on hold for a few months to come. In making its statement, the RBA referred to the volatility in [...]
-
Interest rates remain low as economic concerns persist
August 27, 2010National average mortgage rates remain historically low and there appears to be no end in sight to the Fed’
-
8-1 VOTE TO KEEP UK INTEREST RATES ON HOLD
August 18, 2010Sterling traded lower against all 16 of the most actively traded currencies by the London close yesterday with inflation figures doing nothing to change the view that UK rates remain on hold for some time yet. The release today of the minutes of the August Bank of England policy meeting has reinforced this outlook as [...]
-
MARKETS AWAIT THE FED MEETING
August 10, 2010Overnight movement with Sterling following the weakest RICS Housing data release in a year added to the downward GBP momentum built yesterday as expectations of a dovish BOE coupled with the risk that too much QE is priced for the FED saw cable break 1.5840 support to touch 1.5773 Yesterday was a quiet session for [...]
-
MARKETS AWAIT THE ECB PRESS CONFERENCE
August 5, 2010Following on from the BoE Interest announcement today – Bank of England Governor Mervyn King is setting aside his inflation target to protect the economy from the biggest budget cuts since World War II. As a split widens on the Monetary Policy Committee on the danger posed by rising prices, King insists it may be [...]
-
Fed Members Downgrade Economic Outlook for the U.S.
July 15, 2010So much for a rate hike this year One of the hopes for the economy has been that the Fed will have reason to hike rates by the end of the year. However, with the release of the latest Fed minutes, it appears that this is an unlikely scenario. More than half of the FOMC [...]
-
Oil prices below $78 as Fed meetings conclude
June 23, 2010As analysts and investors await the Federal Reserve’