Being contained by 1.5382 previous high resistance, GBPUSD pulled back from 1.5318 and traded in a narrow range between 1.5128 and 1.5318. Support is...
GBPUSD pulled back from 1.5318
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Central Bank Interest Rate Results
Source: ForexYard As expected the Bank of England left its interest rate unchanged and did not add to its quantitative easing (QE) program today....
Global Interest Rate Movements in 2011
This article reviews the monetary policy interest rate activity of the world’s central banks during 2011. The major theme of the year...
EUR/USD extends sell off, but buy orders noted
EUR/USD has extended it’s early sell-off, presently at 1.3925 having just posted a 1.3917 session low. Risk sentiment doesn’t seem to be in very good shape; stocks oil down. Sources do however note some buy orders lined up at 1.3900 and then again quickly at 1.3885/90, which should at...
Centre-right parties the big winners in Euro elections
If a general election was held in Germany tomorrow, the CDU/CSU party led by Frau Merkel would most likely be able to win power if it again allied itself with the FDP, as Kohl did with Genscher in the 80’s and 90’s. The FDP is a middle-of-the-road party and the CDU is the predominant...
US Wholesale inventories hit lowest level since September 2007
US April Wholesale inventories were lower than expected down 1.4% to reach their lowest level since Sep 2007. Wholesale sales also fell, down 0.4% to their lowest level since November 2005. Also realeased was the IBD Economic optimism index which rose to 50.8 in June from 48.6 in May. This puts the...