Inflation cooled down in the UK last month which took forex traders by surprise. The British Pound halted its advance and all eyes are on today’s release of minutes by the Bank of England. Expectations for an...
On Thursday forex traders were delivered a rather big disappointment as far as US advanced retail sales are concerned. The release on Thursday covered the month of May and economists expected an increase of 0.6%. Retail sales...
Yesterday the European Central Bank behind President Mario Draghi has failed to accomplish what many have hoped for; a lower Euro. After his press conference during May’s ECB meeting where the central bank did not act Draghi...
The Euro has corrected sharply over the past two trading weeks. Prior to the press conference held by European Central Bank President Mario Draghi two Thursday’s ago the EURUSD was trading a few pips away from the...
Retail sales out of the UK were reported today. The British Pound rallied after the release of this report which pointed towards a much stronger UK consumer. Retail sales rose by 1.8% in April on a monthly...
Today forex traders received two consumer price index reports out of the Eurozone’s biggest and second biggest economies, Germany and France, which pointed towards a continued drop in consumer inflation. Deflationary pressures have been increasing, but the...
Tomorrow forex traders will get two important central bank decisions; one from the Bank of England which is likely to have an impact on the British Pound and one from the European Central Bank which should move...
Today’s NFP report is much awaited by the trading community across all trading classes. The US Federal Reserve decided to further taper its economic stimulus program known under the synonym of QE3 by $10 billion down to...
The Australian Dollar, nicknamed the Aussie, dropped over 100 pips against major currency pairs during the Asian trading session which took plenty forex traders by surprise. The reason behind the drop came from two economic reports which...
There have been quite a few economic reports released over the past three trading days which painted an economic picture in China which is not reflected in many asset prices. Despite lackluster economic data traders have for...
