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Monday, 28 September 2015
News

BoE unlikely to rise interest rates until mid 2016

The Bank of England is likely to keep interest rates on hold until the middle of next year rather than raising them sooner, following a gloomier outlook for the global economy, according to the economic forecaster CEBR. The Centre for Economics and Business Research now believes a rise in May or August 2016 is more likely than one in February, its previous prediction. Signs of a global economic slowdown have been growing in recent weeks, especially in the world’s second-largest economy China and emerging markets. 
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Friday, 25 September 2015
News

Aussie testing 0.70 handle

There were no data releases from Australia this morning. Aussie managed to rebound after it declined due to Janet Yellen's speech early this morning. Yellen said she anticipates that it will be appropriate to raise short-term interest rates by the end of the year. In prepared remarks for a speech at the University of Massachussetts-Amherst, Yellen emphasized that most of her colleagues will likely support raising the target range for the Federal Funds Rate at some point this year. 
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Wednesday, 23 September 2015
News

Sterling continues its downtrend

There were no major data releases from the UK today,with traders still influenced by budget deficit figures. Predictions for a slowdown in the third-quarter GDP in the U.K. are also weighing on prices. Slower factory output, combined with volatile exports and weaker retail sales over the summer period are pointing towards a slowdown in the third-quarter GDP. 
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Tuesday, 22 September 2015
News

USD higher against major rivals

USD was pushed higher against its major rivals on Tuesday. Since there were no major data releases increase was mostly due to the concerns about the Fed’s intention to raise interest rates. The selling actually started on Monday when the stronger dollar pressured the Euro, British Pound and gold.
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