Monthly archive July, 2013

THE TAKEAWAY: BoE releases forward guidance concerned with interest rates and growth -> Asset Purchase Target and Interest Rate remain unchanged -> Pound sells off on guidance The Bank of England released slightly dovish forward guidance with its July interest rate Read More →

The Euro and British Pound may rise as the European Central Bank and the Bank of England opt to maintain the status-quo setting of monetary policy. Talking Points Euro May Rise as ECB Policy Remains on Hold Despite Portugal Turmoil Pound to Rise Read More →

Trading the News: European Central Bank Interest Rate Decision What’s Expected: Time of release: 07/04/2013 11:45 GMT, 7:45 EDT Primary Pair Impact: EURUSD Expected: 0.50% Previous: 0.50% DailyFX Forecast: 0.50% Why Is This Event Important: The European Central Bank (ECB) interest rate decision may have a limited impact Read More →

Dollar Breakout Stalls Immediately on with Liquidity Drain, NFPs Fear Euro: Be Ready for an ECB Surprise, Regional Crisis Escalation British Pound Risk Bearish with New BoE Leadership Australian Dollar Suffers Biggest Selloff in Weeks on Stevens’ Comment New Zealand Dollar Bear Trend Contrasts Read More →

THE TAKEAWAY: US ADP Employment Change (JUN): +188K actual versus +160K expected, from +134K prior (revised down from +135K) > USDJPY falls back below ¥100.00 Portuguese and Egyptian political instability are adding to risk-off sentiments today. Yesterday afternoon, Portuguese Foreign Minister Read More →