Bank of Japan Begins Two-Day Meeting

Bank of Japan Begins Two-Day Meeting

David Sumner | 08:55 | 15/07/14
The Yen depreciated as the Bank of Japan begun its two-day monetary policy meeting. The Japanese currency had rallied last week when the Portuguese banking crisis increased the likelihood that the Euro-zone could experience the same troubles. Yen Declines The Yen fell ...
U.K. Growth May Not Keep Up With Forecasts

U.K. Growth May Not Keep Up With Forecasts

David Sumner | 10:05 | 14/07/14
The British Pound depreciated as recent reports signaled that the U.K.’s economy is losing momentum. The Sterling previously rallied to a six-year high, but retreated as analysts believe that growth won’t keep up with expectations. British Pound Declines The British Pound sustained ...
Reports Denote U.K. Economy Slowed

Reports Denote U.K. Economy Slowed

David Sumner | 08:40 | 13/07/14
The British Pound headed for the first weekly decline since May as the latest economic releases pointed to the possibility that the U.K. economy could be slowing down. The Sterling traded lower against the majority of its Forex counterparts. Economy Could ...
Yen Dips Against Majors

Yen Dips Against Majors

David Sumner | 09:14 | 10/07/14
The Yen depreciated against the majority of its Forex counterparts as the markets prepared for the publication of the Federal Reserve’s policy meeting minutes, which may provide clues on when the central bank could raise the interest rate. Yen Sustains Decline The ...
British Manufacturing Slows Down

British Manufacturing Slows Down

David Sumner | 07:55 | 09/07/14
The British Pound weakened after reports showed that activities in the manufacturing sector unexpectedly slowed down by the most in almost one-and-a-half years. The Sterling sustained a depreciation against the majority of its Forex peers. Sterling Weakens The British Pound declined against ...
Commodity-Related Currencies Decline

Commodity-Related Currencies Decline

David Sumner | 12:25 | 08/07/14
The Australian Dollar depreciated against the greenback at the start of the week as reports issued on Thursday revealed that employers in the U.S. created more payrolls than predicted in June. Aussie Dips On Monday The Australian Dollar traded lower against its ...
Aussie Remains Overvalued

Aussie Remains Overvalued

David Sumner | 08:05 | 07/07/14
The Australian Dollar depreciated towards the end of last week against the greenback subsequent to the announcement of stellar economic news out of the U.S. which helped boost speculation that the Fed may increase the cash rate. Aussie Dips On U.S. ...
BOE May Tighten Policy

BOE May Tighten Policy

David Sumner | 09:25 | 06/07/14
The British Pound continued to advance against the Euro on speculation that the Bank of England could tighten monetary policy in 2014, especially after recent macroeconomic fundamentals showed that construction and manufacturing activities are up. Sterling Continues To Rally The British Pound ...
Sterling Bolstered By Housing Prices

Sterling Bolstered By Housing Prices

David Sumner | 09:35 | 03/07/14
The British Pound extended gains against the U.S. Dollar and the Euro as economic reports showed an increase in construction and housing prices, adding to evidence that the U.K. economy is strong enough for the BOE to consider a cash ...
RBA Issues Much Expected Decision

RBA Issues Much Expected Decision

David Sumner | 08:24 | 02/07/14
The Australian Dollar reached the highest price in seven months against the greenback after the Reserve Bank announced its decision to leave the interest rate unchanged. The Aussie was further supported by stellar economic reports out of China. Aussie Reaches New ...