Soloforex - Stocks, Forex and Binary Options Trading News
FED INCREASES RATES TO 1,50%, UNCHANGED FOR ECB AND BOE
We start the report of the week from the 11th to the 16th of December with the news that has made the market move more, namely the rate change implemented by the Federal Reserve. The Fed raised the cost of money to 1,50%, confirming the expectation of analysts. For... Read more
OPEC EXTEND THE CUTS FOR 2018 WITH THE EXIT STRATEGY
The most awaited news of the week was scheduled at the end of it but before there were a series of market mover and very interesting preliminary data. We are going backwards starting from the important news, that is the decision of OPEC to extend the cuts throughout 2018.... Read more
FED & ECB MINUTES BRING BACK EUR/USD ABOVE 1,18
Main news of last week was the publication of the minutes of both meetings of the European Central Bank and the Federal Reserve. The first ones to be published were the Fed one. There was a profound optimism among the various central bank officials led by Janet Yellen thanks... Read more
EU AND US INFLATIONS BOOST EUR/USD EXCHANGE RATE
As anticipated last week, the most important figures of this week were those relating to the inflation of the Eurozone and the United States. Both data have made the fate of the EUR / USD cross. US October inflation confirmed the expectations of analysts. The data, on a monthly... Read more
DOLLAR WEAKNESS HELPS EURO AND GBP
Following the October meeting of the European Central Bank, the European Commission published this week the eurozone growth forecast and more. Autumn European Economic Forecast includes data on gross domestic product (GDP) growth, inflation, employment and amongst others. GDP Growth is expected at 2,2%, higher than expected in spring... Read more
FED AS THE ECB: INTEREST RATE UNCHANGED
As always happens the following week at the meeting of the European Central Bank, it is the time for Federal Reserve to talk about interest rates. Janet Yellen, Fed’s outgoing Governor, announced that the central bank of the United States decided to keep interest rates unchanged at 1,25%. Currently,... Read more
The Open Ended Quantitative Easing of Mario Draghi
This week mainly focused on the European Central Bank, which, in addition to the decision on rates, surprised the market with other important news that brought EUR / USD to the lowest in July. It was interesting that interest rates have been completely ignored on the eve of the... Read more
EUR/USD Go Back to 1,18 Waiting for ECB October Meeting
The first important market mover of the outgoing week was Eurozone trade balance data. This figure disappointed analysts’ expectations in August: the surplus has gone from € 23,2 billion in the previous survey to € 16,1 billion. Analysts had expected a slight improvement in the trade balance of 23,3... Read more
EUR/USD Waiting for FED & ECB Moves
At the beginning of the week that has just ended, the markets movers was about the news coming from the major European countries. First of all, attention was directed to Spain, where the government of Madrid rejected the request for independence of Catalonia after the referendum for its autonomy.... Read more
Forex Trading in the Direction of the Trend
Trading in the direction of the trend is one of the major foundations of successful forex trading. “The trend is your friend” We’re sure that you’ve heard that old saying. It might get a little tiresome to hear little clichés like that, but they truly are said for a... Read more