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With the Fed’s rather predictable decision on interest rates cut by 0.50% September 18 (last Wednesday) dollar was doomed to cross the 1.4000 level (on EUR/USD). Its fall continued through all days left after the Fed’s statement release. Hitting historically high levels with the maximum at 1.4120, USD ended …

Global stocks markets calmed by central banks’ generous currency interventions last week are doing quite well so far. EUR/USD and other currency pairs influenced by carry trade and subprime lending crisis chain reaction (mostly EUR/JPY and GBP/JPY) also don’t jump madly through and out the support and resistance …

Federal Reserve of the United States of America lowered its primary credit rate (at which money to the banks are borrowed) from 6.25% to 5.75% to add liquidity to financial and lending markets. Federal Reserve (as the today’s FOMC statement says) is concerned with the current situation of the economy growth and the crisis in the credit sector. …

With an impressively high ISM Services index today’s macroeconomic data from United States was a very optimistic news for USD bulls. June ISM non-manufacturing index came out at 60.7% — 1% higher than May number, and a lot better than expected, since the negative change in ISM index was …

Last day of a Forex trading week brought some good results for EUR/USD currency pairs, moving it past 1.3450 level (but still not breaking the recent downtrend). The main reasons of such behavior of EUR/USD can be seen in slightly better than expected April industrial orders which in year-to-year …

EUR/USD Forex pair was still today again. Some insignificant volatility didn’t even break 15 pips corridor. This day was low on macroeconomic releases, except for major release by the Bank of England — minutes of their latest meeting in June 6 and 7. This publication added …

Bank of England voted to maintain its Bank Rate (interest rate) at 5.50% level — unchanged. It wasn’t a surprise for Forex traders, but there was a slight possibility of interest rate hike from the BoE, so results are more bearish for the pound. From the United States the Initial Jobless Claims…

Today on 13:30 (UTC) ECB statement was released as the interest rates in the Eurozone were increased by 0.25% to 4.00% as expected. Jean-Claude Trichet spoke about current and expected situations in European economy and the main lines can be concluded in the following: economy is growing at a fast pace (better than expected), while inflation …

EUR/USD broke through 1.3400 today on Forex market — showing a new 7-week low. Good macroeconomic data from U.S. was the reason for this break-through. Nonfarm payrolls — a major employment indicator of the U.S. economy — increased by 157,000 in May (22 thousands more than expected), while ISM Index — …

FOMC (Federal Open Market Committee) released its May 9 meeting Minutes on Wednesday, May 30. As it has been known since May 9 the conclusion of the meeting states that the inflation remains the main concern for the FOMC, while in future FOMC will outlook both inflation and economic growth. Statements …