The Banca Nationala a Romaniei cut its key monetary policy interest rate by 25 basis points to 6.00% from 6.25%. The Bank said:...
Romania Central Bank Cuts Rate 25bps to 6.00%
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USD/JPY still falling
Bids between 97.00/25 are currently soaking up some heavy selling, with 97.02 the low thus far. One dealer has mentioned some heavy stops below the figure but no confirmation there as yet. The bearish momentum is certainly gaining strength. The Nikkei is down 1.75%, adding to...
FOREX-Yen rally as US unemployment rises above 10 pct
NEW YORK, Nov 6 (Reuters) - The yen rise on Friday after a report showed the U.S. unemployment rate spiked to 10.2 percent, fueling worries about the health of the economy and boosting safe-haven demand for the Japanese currency. The government reported U.S. employers cut a deeper-than-expected...
Aud/Usd
RBA will definitely want to dump the aussie today after the very climb so high, so...
Foreign exchange trading is not cause and effect trading
I`ve tried to explain this type of thing many times - i think there is not an 100% correct answer because if there was, we all would trade the same way. The bottom line is foreign exchange trading is not cause and effect trading. Currencies lead and lag and relationships sometimes heavily correlate...
ECB Records an Increase in Overnight Deposits
By TraderVox.com Tradervox.com (Dublin) - The ECB has indicated that its overnight deposits have increased to a record high after...