Monthly archive August, 2013

THE TAKEAWAY: Both the ECB and BoE maintain their respective monetary policy stances > US ISM Manufacturing comes in much stronger than expected Today featured rate decisions from the European Central Bank and the Bank of England. Both central banks decided Read More →

Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10862.77 10880.16 10803.86 0.55 102.61% Chart - Created Using FXCM Marketscope 2.0 Release Expected Actual Initial Jobless Claims (JUL 27) 345K 326K Continuing Claims (JUL 20) 3000K 2951K ISM Manufacturing (JUL) 52.0 55.4 ISM Prices Paid (JUL) 53.0 49.0 Construction Spending (MoM) (JUN) 0.4% -0.6% The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) rallied to 10,880 Read More →

THE TAKEAWAY: BoE says it will only release guidance review on August 7 -> Interest rate and asset purchases unchanged -> Pound rises Want to trade with proprietary strategies developed by FXCM? Find out how here. Pound traders decided that a lack Read More →

Trading the News: European Central Bank Interest Rate Decision What’s Expected: Time of release: 08/01/2013 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 weigh on the single Read More →

EURO-ZONE ECONOMIC CALENDAR Euro-Zone PMI revisions were positive across the board today, with the EZ PMI Manufacturing gauge rising to its highest level all year, and the German PMI Manufacturing gauge rising to its highest level in 18-months. However, in the Read More →

Trading the News: European Central Bank Interest Rate Decision What’s Expected: Time of release: 08/01/2013 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 weigh on the single Read More →