INTEREST RATE

At the end of last week, market attention was focused on new Fed chairman Powell’s speech at Jackson Hole. The speech was predominantly centered on the uncertainty around real-time estimates of the neutral rate of interest, the…

Earlier this morning, the Reserve Bank of Australia decided to keep the current policy unchanged, including the Cash Rate which remained at a record low at 1.5% as widely expected. However, the statement showed a balanced tone, which kept…

After the RBA decision yesterday, which had a notable impact on the Aussie, another day comes in with few economic releases during the European and the US session, which may have only a slight impact on the markets. However, the most…

After closing the week before as the top performing currency, the US dollar fell against its peers turning out to be the weakest currency for the week ending July 29. The dollar turned weaker after the FOMC statement failed to convince…

Bank of Canada kept the benchmark interest rate unchanged at 0.50% on Wednesday, marking an unchanged monetary policy since last summer. In its monetary policy meeting statement, the central bank said that the fundamentals were in place for…

On Wednesday UK’s ILO (International Labor Organization) 3-months unemployment rate was released, coming out at 5.2% with a previous reading of 5.3%. Job claims count went up in the month of November with 3.9K, reaching 0.796 million. The…

Is the EURUSD tendency rising? Probably, if we look at the daily chart, but even there the situation is not good. The technical evolution slopes towards the minimum day by day. The euro is wrestling with the Greek problems and the apparent…