Sterling traded lower against all 16 of the most actively traded currencies by the London close yesterday with inflation figures doing nothing to change the view that UK rates remain on hold for some time yet. The release today of the minutes of the August Bank of England policy meeting has reinforced this outlook as policy members voted 8-1 to keep Interest rates on hold. As anticipated Andrew Sentence has voted for a rate hike for the third consecutive month, whilst stating that consumer prices will need to be closely …
Forex Rate – Forex and Exchange rates
Commodities weather the prevailing fundamental winds. Gold advances despite a mixed reading on risk trends; while crude recovers from a breakdown against a new high for the ever-growing supply glut.
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A mock anti-terrorism drill is conducted in front of the Seoul COEX Wednesday ahead of the upcoming G20 summit in November. Elite police troops perform demonstration exercises to counter chemical, biological and radioactive terrorism as part the joint
Forex market seasonality is an often-neglected aspect of trading with legitimate uses for the speculator, and this article attempts to highlight certain dynamics and create a strategy out of key market trends. The past several Forex Strategy Corner articles have dealt with money management on existing strategies. In this article we hope to discuss new trade generation techniques and insights on a key facet of the forex market.
The Central Bank of Iceland, the Sedlabanki, cut its key interest rate by one percentage point to 7.0 percent, according to a statement reaching here from the bank in Reykjavik on Wednesday. The current account rate, the maximum bid rate for 28 day
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