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Wednesday, 29 July 2015
News

Fed moves closer to rate hike

Federal Reserve policy makers said the labor market and housing have improved, moving closer to ending an unprecedented period of near-zero interest rates without providing a clear signal on the timing of liftoff.
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Tuesday, 28 July 2015
News

Euro fell before Fed meeting

There were no major data releases from Eurozone today. Euro was pushed lower today, unable to break above 1.11 handle decisively, after Monday's surge. The U.S. dollar hovered around a nearly two-week low against a basket of major currencies on Monday after the biggest drop in Shanghai shares in eight years drove demand for the safe-haven yen and led traders to trim bets against the euro. Shanghai stocks tumbled 8.5 percent, dragging European shares down more than 2 percent and the U.S. benchmark S&P 500 index to its lowest in more than two weeks. Read more...

Monday, 27 July 2015
News

Sterling little changed in a quite European part of session

There were no major data releases from UK today. Traders are being cautious ahead of GDP figures. Last week, Governor Mark Carney suggested rates could begin to rise around the turn of year while monetary policy committee member David Miles, once one of the strongest advocates for providing more stimulus, said in an interview published this week that the time for a hike was nearing.
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Wednesday, 22 July 2015
News

BoE closer to rate hike

Bank of England policymakers voted unanimously to keep interest rates on hold earlier this month but there were signs that more of them were edging closer to pushing for a first hike since before the financial crisis.Minutes of the Monetary Policy Committee's meeting, which ended on July 8, showed its members voted 9-0 to leave rates at their record low of 0.5 percent.
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