Dow Jones Index Hits New All-Time High As Fed Prepares to Hike - June 13, 2017 23:32

Another day and another new all-time high for the Dow Jones industrial average index. It seems like groundhog day with this strap line, but here it goes again. The DJIA was buoyed by tech stocks rebounding in tremendous fashion, with the Nasdaq 100 also pushing higher after a few days of the wobbles. Movers within […]

Interest Rates Abound as Election Time Looms - November 1, 2016 11:57

As we move ever closer to the US election, what more could you ask for than a week packed with highly anticipated economic data? Expect Gold and stock indices to be volatile as we move into the second half of the week. Here’s a quick rundown of what’s about to land. Already, as of Tuesday […]

USD Weakens Further Against The Pound - July 1, 2014 9:22

The Pound softened against a number of peers yesterday after data showed that mortgage approvals in the UK fell to an 11-month low. Losses were restrained however as the currency continues to be supported by expectations that the Bank of England will be the first major central bank to raise interest rates. Sterling could find […]

GBP Falls After “No Raise” Statement On Interest Rate - May 15, 2014 9:11

The Pound fell against the majority of its peers yesterday after the Bank of England said that it was in no rush to raise interest rates and failed to revise its growth forecasts for the coming year as economists had expected. Positive unemployment data was overshadowed by disappointing wage growth figures. With a lack of […]

Economists Predict: No Interest Rate Hikes - January 9, 2014 11:47

The Pound has climbed to a two-year high against the US Dollar ahead of the release of the Bank of England’s monetary policy announcement. Economists are predicting that the Bank will maintain its bond-buying target and keep interest rates at a record low. Against the Euro, Sterling is expected to come close to its highest […]

Weekly Forex Outlook for the Period Ending September 7th, 2012 - September 5, 2012 5:06

List of major upcoming economic factors which could affect the forex markets for the week ending September 7th, 2012 are as under: On Monday, September 3rd, markets remained closed in United in observance of Labor Day while in euro zone, Italy, Germany and France reported their data on purchasing managers’ index for manufacturing sector while […]

Economic Events Affecting the Forex Markets for the Week - April 3, 2012 22:02

Major economic events which have significant affect on the Forex markets for the week ending April 6th, 2012 are as under: On Monday, April 2nd, purchasing managers’ index for Italy, Germany and France was released in euro zone while the single currency region published its separate report on unemployment rate. Italy also reported its data […]

Economic Events to Affect the Forex Markets - March 13, 2012 21:45

Major economic events that have a significant impact on forex markets for the week ending March 16th, 2012 are as under: On Monday, March 12th, 2012, Germany’s wholesale price index was reported in the euro zone while Italy reported its data on gross domestic product. In United States, monthly budget statement was published. United Kingdom […]

Forex Outlook for the Week Ending December 9th, 2011 - December 6, 2011 2:22

Significant economic events that have a major impact on forex and currencies markets for the week ending December 9th are as follows: On Monday December 5th, 2011, United States reported its official data on factory orders while Institute of Supply Management released its report on service sector activity. In euro zone, revised data on service […]