The BoE’s July meeting was a strange affair for many, as the bank pressed ahead with a further .25% rate increase, lifting rates to 0.75% for the first time in a decade, yet the GBP sold off in reaction. So, what actually happened during the meeting and why did the Pound react this way? [shortcode-variables slug="learn-forex-basics"] The b...
Among the endless stream of economic events hitting wires each month there are a few key events that tend to dominate the action and among those central bank rate decisions are arguably the most important. However, trading these events can be tricky for new traders who don’t yet properly understand the nuances that distinguish highly volatile, m...
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 wage growth reaches half of its pre-crisis value, slowing to 2.4% from an earlier 3%. The US housing stats ...
The Reserve Bank of Australia, in its policy setting meeting today decided to cut interest rates by 2%. Today's policy decision see's the RBA cut rates by 25bps from 2.25% previously, bringing the overnight cash rate to 2%. In its monetary policy meeting, which was rather short, the RBA noted that although the global economy was expanding at ...
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