European bank lending rates have risen to their highest in a year, a move that could send the euro higher against the dollar
European interbank lending rate hits highest in a year
Source: www.ft.com
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Sierra Leone Central Bank Cuts Rate 300bps to 20.00%
The Bank of Sierra Leone cut its monetary policy rate by 300 basis points to 20.00% from 23.00% previously; also changing the Reverse...
Tote Hose
A great German expression which literally means “dead trousers”. When applied to the FX market, tote hose means that absolutely nothing is going on. Who says that you don’t learn anything in the FX market. By the way, Die Toten Hosen is a German punk band from my old arbeitsplatz...
USD Drops Against Yen
Source: ForexYard The U.S. dollar dropped off its recent rally Friday morning. Analysts are suggesting the greenback is at last hitting...
Euro Regains Lost Ground
Source: ForexYard As trading has continued into the evening hours the euro and Australian dollar were able to gain back some of the losses taken...
FX speculative positioning: USD shorts on the increase
Another reason to be very careful getting long EUR/USD, cable or AUD/USD at current levels. USD shorts are at their highest level in almost a year, although not yet at extremes. Overall JPY positioning has flipped from long to short and the big unwind in GBP short positions has gained pace. EUR,...