BoE Keeps Interest Rates and Asset Target Unchanged; Cable Reverses Losses

BoE does not add to its stimulus plan and leaves interest rates at 0.50% following bank chief King’s prediction of economic recovery….

BoE does not add to its stimulus plan and leaves interest rates at 0.50% following bank chief King’s prediction of economic recovery….

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EURUSD: Hold Short as Prices Approach Target
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Commodity prices have room to correct higher as markets digest negative Eurozone news-flow but any recovery in sentiment is likely to be short-lived.

The New Zealand Dollar strengthened after the country’s central bank left the benchmark interest rate at 2.50%, marking a continuation of its “wait-and-see” approach to interest rates.

EuroZone countries agree to boost firewall to 800-B Euros. The 17 EuroZone member countries agreed to build an 800-B Euro (about US$1.

When you are trading in the Forex market – you are trading interest rates. Maybe more precisely, you are trading interest rate expectations
Gold and silver didn’t do much yesterday after their recent rally in the previous two business days.

* $ Canada continues to produce strong erratic moves. * But remains within a range

Join Currency Strategist Michael Boutros as he offers current setups and reviews the mechanics of Scalping in the FX markets post today’s US durable goods orders.

The Euro struggled to hold its ground on Wednesday even as European policy makers talked down the risk surrounding the region, and the single currency should continue to give back the advance from earlier this year as it carves out a lower top ahead of April.