Tag Archives: interest rate hikes

At 0.6661, the bulls are in charge and the bird of 0.5% higher on Thursday’s business in the remaining hour of the US trading session. The price has climbed from a low of 0.6609 to score a high of 0.6681 so far as traders await the outcome of Friday’s US …

GBP/USD bulls take a breather around a fortnight high surrounding 1.3600, during the sixth positive day amid Friday’s Asian session. Earlier, on Thursday, at 1.3605, GBP/USD off its highs of the day by is still positive by some 0.23% following the Bank of England that raised interest rates to 0.5% …

European Central Bank policymakers see a policy change at the March meeting if inflation does ease, said sources speaking to Reuters.The sources said that policymakers see a faster pace of tapering of the Asset Purchase Programme (APP) as its first point of call to fight higher inflation. According to the …

The US trading session closed on Wednesday with mixed results, most notably the decline of the US dollar and the New York Stock Exchange at the same time due to negative employment data.Economic dataThe reading of the index of change in employment in the non-agricultural sectors in the United States …

At 1.3570, GBP/USD is around 0.40% higher on the day as it tracks down the start of the New York sessions highs of 1.3587 again during midday trade. Sterling is climbing on Wednesday for the fourth session in a row, reaching a 1-1/2-week high against the dollar.Trader’s expectations that the …

Google owner Alphabet tops analysts’ forecasts but PayPal issues disappointing guidance. Alphabet followed fellow tech groups to post forecast-beating quarterly results.Wall Street stocks wavered on Wednesday as traders balanced strong earnings from Alphabet with downbeat guidance from fellow tech group PayPal, and a report indicated that US labour market conditions …

The Canadian dollar is flat on Wednesday, trading at 1.2685 in the North American session though Canada’s GDP outperformed in November, but the positive news was not enough to move the sleepy Canadian dollar. GDP expanded by 0.6%, above the consensus of 0.4%. The growth was broad-based across the economy …

Only one day away from an awaited second successive BoE rate hike, the British pound has been trading on the front foot. The GBP/USD pair has recently surpassed its 21DMA at 1.3557 before running into resistance ahead of the 1.3600 level.At current levels in the 1.3560 territory, the pair trades …

Under strong pressures to act against surging inflation, the Bank of England looks ready to explain how it will reduce the vast pile of British government bonds it has bought over the last decade in repeated attempts to stimulate the economy.Most economists polled by Reuters think the BoE will on …

The key quarterly labour market data roundup for New Zealand has been released as unemployment rate fell to 3.2 per cent in the fourth quarter, according to data released by Statistics New Zealand on Wednesday. While this beat expectation, it’s not moved the needle on the NZD because the rest …