Deadline to US Debt Ceiling – Paxforex
Tomorrow is the last day for US politicians to reach an agreement on the debt ceiling as October 17th around midnight New York time the US will slide down the road of debt default as it will...
Author: Paxforex
British Pound Sterling Hammered by Economic Data – PaxForex
The British Pound Sterling has enjoyed a nice and strong rally against major currency pairs. It has launched a rally which stretched over 1,500 pips over a few short months as many traders believed the UK will...
September 2013 NFP Report – Paxforex
On Friday we are supposed to receive the September NFP report unless the release will be delayed due to the first US government shutdown in 17 years. It really will not impact the figure itself and in...
Paxforex – US New Home Sales Surge 7.9%
USD bulls received good economic news out of the US today. New home sales rose 7.9% in August to a 421,000 unit annual rate. While the news were positive it comes on the back of July’s 14.1%...
Paxforex – Consumer Confidence to Decline
Tomorrow forex traders will be presented with two key data points which may heavily influence the EURUSD currency pair. The size of the move depends on the data and if it delivers a big positive or negative...
UK Jobless Rate Drops to 7.7%
Moments ago the Office of National Statistics reported that the UK jobless rate declined to 7.7% for the period between May – July which is the lowest reading since September – November of 2012 and down 0.1%...
AUDUSD rallies as RBA holds steady, GDP rises
The Australian Dollar has rallied after the Reserve Bank of Australia held key interest rates at 2.50% and made no suggestions of further rate cuts. In addition Australian GDO came in at 0.6% for the second-quarter of...
Carney’s Maiden Speech
Bank of England Governor Mark Carney, the first non-British Bank of England Governor, delivered his maiden speech today after he failed to score with financial markets after the release of minutes from his maiden Bank of England...
Fed Offers No Hints on Tapering
The latest Fed minutes have been released and there have been no new hints on tapering. Investors are increasingly nervous and impatient after Bernanke mentioned the much dreaded ‘t-word’; tapering. Currently the U.S. wastes $85 Billion per...
Eurozone & EU GDP rise 0.3% in Q2
Economic data released today shows that the Eurozone technically exited their 18 month long recession as GDP expanded by 0.3% in the second-quarter of 2013. Portugal expanded the most and grew 1.1%, followed by Germany and Finland...