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FxPro Currency Check 0730 30.01.2015

FxPro Currency Check 0730 30.01.2015

FxProUpdates

Forex: Closing a long month

We reach the end of what has been a pretty dramatic month for FX and not just because of developments on the Swissie. Whilst over-shadowed, other central banks have also been driving FX rates; not only the ECB, but also in Canada and New Zealand. We’ve got more to come, today from Russia and next week from the RBA in Australia. In Russia, the Rouble has been edging ever closer to the 70 level on USDRUB, but interest rates are already at crippling level and it’s the exception rather than the ...

FxProUpdates

FxPro Interview with TipTV – A look at the recent SNB move

FxProUpdates

Forex: Post-Fed central bank outlooks

On balance, the FOMC statement last night was taken as slightly hawkish given the upward assessments of both the economy and labour market in their respective descriptions. But the fall in market based measures of inflation expectations was noted in the statement as being substantial. Indeed, the Fed's favoured measure is now at levels last seen Feb-Mar 2009, which is when most central bank started QE with a vengeance. The shift in the RNBZ overnight cannot be overlooked, given that they moved ...

FxProTV

FxPro Currency Check 0730 29.01.2015

FxPro Currency Check 0730 29.01.2015

FxProUpdates

Forex: A tentative Fed

Last night’s FOMC turned out to be rather a non-event in the end although going into the meeting a degree of bearishness was expected and this didn’t materialise. The word “patience”, which has now become the new “extended period”, remained and despite inflation continuing to plunge on the back of lower oil prices, the Fed’s comments were interpreted as being slightly more hawkish than expected. The dollar crept a little higher after the announcement, but only tentatively and that tentativeness ...

FxProUpdates

Our popular FxPro Tools for iOS has undergone its first update.

Our popular FxPro Tools for iOS has undergone its first update. Version 1.3 includes price charts and news for individual trading instruments, as well as daily highs and lows for both the current and previous day. Calendar Markets Blog Calculator

FxProUpdates

Forex: Splicing the Fed

Markets are in a holding pattern ahead of the Fed meeting this evening, where once again the focus will be on the statement. Recall last time, the wording was changed, removing the commitment to keep rates low for a 'considerable' period, but then going on to say that it can be 'patient' towards normalizing monetary policy and that this was 'consistent with its previous statement'. This left markets somewhat confused and the dollar volatile and they may have this in mind when drafting this ...

FxProUpdates

Forex: A more dovish FOMC?

Financial markets have settled themselves but we’ve seen some abnormal moves recently with the first being the bounce in the euro following the Greek General Election results and then yesterday the US dollar reacted strangely to better than expected consumer confidence seeing a bout of profit taking. Many were blaming the poor durable goods data for the dollar’s weakness however these moves indicate that the trends of a weaker euro and stronger dollar are a little over extended so we saw EURUSD ...