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Market Reviews and Forex News

UK

Posted on November 9, 2012 by the XM Investment Research Desk at 12:27 pm GMT

UK

Important Notice: This investment research was produced by an independent analyst and Trading Point of Financial Instruments Ltd has verified that the producer of the investment research is subject to requirements equivalent to the requirements under Directive DI144-2007-01 of 2012 of the Cyprus Securities and Exchange Commission in relation to the production of the research.

Latest Market and Forex News

European Session – Euro tumbles to new 11-year low of 1.0005 on Draghi comments

The European Central Bank kept interest rates unchanged at record lows today. There was little impact to the euro on the announcement that the benchmark interest rate was left at 0.05% and the deposit rate at minus 0.2%, both as […]

Asian Session – Euro tumbles to fresh 11-year lows ahead of ECB

The euro registered fresh lows in late Asian trading, as the market braces for the ECB meeting and Draghi press conference later on.  The euro fell to as low as 1.1025 before rebounding back to around 1.1050 as the ECB […]

Technical Analysis – USDCAD consolidates in triangle pattern

USDCAD is consolidating in a descending triangle after a long term rally from 1.0619 last July. The triangle base provides support at 1.2350. A break below this would target next support 1.2050.
To the upside, a breakout from the triangle would […]

European Session – Euro falls to 11-year low, loonie rebounds after BoC holds rate

The Canadian dollar strengthened after the Bank of Canada rate announcement and statement. As was mostly widely expected, the Bank held rates steady at 0.75%. This comes after Tuesday’s stronger fourth quarter GDP data. The greenback fell versus the loonie […]

Forex News – Canadian GDP rises but focus is on BOC rate decision

Canada released fourth quarter gross domestic product data on Tuesday which was quite encouraging, especially a day before the Bank of Canada was scheduled to meet to decide on interest rates.
GDP data showed that the Canadian economy grew at a […]

Asian Session – Aussie weak on GDP report, majors await key risk events

The aussie returned a small portion of the previous day’s gains, after the country’s GDP report came in slightly lower-than-expectations.  The Reserve Bank of Australia had decided to keep interest rates unchanged during its meeting the previous day.  The positive […]

Technical Analysis – EURJPY consolidates at critical juncture

EURJPY has retraced 50% of the rally from 130.13 to 136.68. This Fibonacci retracement level at 133.40 provides support so far. A break below this would strengthen the bearish trend that has been in place since the December 2014 peak […]

European Session – Loonie rallies on strong Canadian GDP

The Canadian dollar rallied strongly after data showed Canada’s economy expanded faster – than- expected in the fourth quarter. GDP rose at a 2.4% annualized pace from October to December. Tomorrow’s Bank of Canada rate decision is the next risk […]

Forex News – RBA postpones rate cut for future; aussie rallies

Having surprised with a quarter-point rate cut during its previous meeting on February 3, the RBA again delivered a surprise today by choosing to keep rates constant.  Most analysts expected another rate that would lower the benchmark cash rate to […]

Asian Session – Aussie gains on Reserve Bank failure to raise rates; dollar eases

The announcement of the monetary policy meeting of the Reserve Bank of Australia surprised markets as the decision was to keep interest rates unchanged at 2.25% rather than cutting them by another quarter point as expected by most economists.  The […]