The United States dollar is indeed one of the major currencies in the money market. If you want to excel in trading forex USD with other pairs, read on. Just because a currency pair is listed on the forex market doesn’t imply all are created equal. In fact, different pairs tend to be influenced by […]
filed under: Central Banks
ECB Asks Italian Bank to Cut Loans, Mixed Economic Data Out of U.S.
Thursday’s mixed economic data out of the United States and reports out of the European Union had minor influences on the market. ECB board member Yves Mersch stated, “The longer the measures are in place, the less effective they may become.” The ECB’s monetary policies are expected to have an increase in side effects over […]
Forex Traders: GBP/USD Struggles on BoE Stance
Forex Traders: GBP/USD Struggles on BoE Stance On September 15th, 2016, the Bank of England’s (BoE’s) Monetary Policy Committee (MPC) released its monetary policy statement and maintained its bank rate at 0.25 percent with a unanimous vote. The BoE also maintained its asset purchase at £435 billion, and will be financed through issuance. The policy […]
Economic growth- Banks are the major role players!
What according to you are the factors that are important for a country’s growth and economic development? There can be many such factors, but one of all that really plays a crucial role in the development of a country is a banking system. Why banking system is important? It is simply because it involves money […]
Brexit : How the mighty fall ?
It was absurd that “Leave” campaigners were dismissing the warnings provided by economists as irrelevant. Brexit has created major uncertainty with avoidable challenges chockablock full of negative effects to persist for many years. Not only has Brexit “got their country back”, they have brought economic hard times along for the ride. The longer-term effects of […]
RBNZ Leaves Interest Rates at 2.25%
The Reserve Bank of New Zealand (RBNZ) left the Official Cash Rate (OCR) unchanged at 2.25% following the latest policy meeting. This was in line with the consensus forecast, but a minority of banks had called for a rate cut and the New Zealand dollar moved sharply higher. Policy decisions will become even tougher for […]
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