wrapper

Aussie gapped lower, but remains above 0.74 handle

There were no data releases from Australia this morning. After it was initially pushed lower, Aussie managed to stay above 0.74 handle. The AUD rally may be somewhat overextended in the near term. The Reserve Bank of Australia kept rates steady for a 10th month at 2 percent, citing reasonable prospects for continued growth at home. Read more...

RBA left interest rates unchanged

The Reserve Bank of Australia kept the cash rate unchanged again today at two per cent — where it has remained since May — leaving interest rates at historically low levels. In the following statement it was said that inflation is quite low. "With growth in labour costs continuing to be quite subdued as well, and inflation restrained elsewhere in the world, inflation is likely to remain low over the next year or two. The exchange rate has been adjusting to the evolving economic outlook." 
Read more...

Investors speculating on future ECB moves

There are no data releases from Eurozone today, with euro continuing to decline. Markets are turned to speculations on future ECB moves. Mario Draghi has two weeks left to decide how to ramp up stimulus in a way that doesn’t upset either his colleagues or investors. When European Central Bank policy makers meet in Frankfurt from March 9-10, they’ll consider whether negative interest rates and 60 billion euros ($67 billion) a month of debt purchases is enough to revive consumer prices. 
Read more...

BoE unlikely to set negative rates

The Bank of England could cut interest rates to zero, but will seek to avoid following Sweden, Denmark and the eurozone by setting negative rates to bolster growth and inflation. Mark Carney, the Bank’s governor, said Threadneedle Street had “no intention and no interest” in implementing negative interest rates and would adopt the full range of the Bank’s other powers to deal with a downturn in the economy.
Read more...

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.

Copyright © 2024 Forex web news - Daily news, forecasts, analysis and charts for active Forex traders. All Rights Reserved. Designed by Ampelos