Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Fundamental Analysis
Market news by Solforex
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="limyeeshin, post: 101205, member: 35099"] [B][U][SIZE=5][COLOR=#0000ff]Thursday 28 April 2016[/COLOR][/SIZE][/U][/B] [B][U][COLOR=#ff0000]Yen boosts as BoJ keeps policy steady[/COLOR][/U][/B] Japanese yen boosted on Thursday after Bank of Japan held monetary policy steady at 80 trillion yen annually and forwent further moves toward negative interest rate policy with the downside risks to a 2% target rise. Yen dropped before the BoJ meeting as Bloomberg reviewed that the BoJ could expand the negative rate placed in January. Meanwhile in Japan, the provisional industrial production in March rose 3.6%, above 2.9% gain expected, while retail sales fell 1.1%, less than 1.5% drop seen. Another report of house hold spending eased 5.3% in March, further than 4.2% drop seen. Core CPI and unemployment rate also fell but as expected. USD/JPY changed hands and traded at 109.34, down 1.90% [B][U][COLOR=#ff0000]Dollar drops with neutral FOMC statement[/COLOR][/U][/B] The dollar fell against other major currencies as the Federal Reserve kept the neutral stance on monetary policy with keeping the rate at current level. The April monetary policy statement by FOMC was relatively neutral, keeping the funds rate unchanged at 0.25-0.50%. The FOMC lifted the rate by 25b.p after seven years with zero rate policy. The FOMC said the future adjustments to the Federal Funds rate will depend on economic conditions, labor market conditions and inflation expectations. They added they will assess readings on financial and international developments for further rate decision, keeping the cautious stance. The dollar lowered despite upbeat economic reports and fluctuated before settling at 94.38, down 0.07%, near eight month lows. [B][U][COLOR=#ff0000]Euro gains as Fed holds the rate steady[/COLOR][/U][/B] The euro extended its gain against the U.S dollar as the Federal Reserve held interest rates steady for a third consecutive meeting. EUR/USD pair traded between range of 1.1273 and 1.1361 and settled at 1.1326, rising 0.24%. The currency pair rose about 1.4% against the U.S. counterpart over the last month of trading. The euro has rallied 4.25% against greenback since start of this year. The British pound also rebounded following the FOMC meeting after slightly shortening its gains with slowed GDP for the first quarter. GBP/USD pair traded at 1.4548. [B][U][COLOR=#ff0000]RBNZ holds the official cash rate at 2.25%[/COLOR][/U][/B] The New Zealand dollar rose after the Reserve Bank of New Zealand decided to keep the interest rate at 2.25% on Thursday. They however indicated that further easing may be needed to ease the upward pressure of the currency and ensure future inflation settles near the target range. NZD/USD traded at 0.6919, up 0.52% after the rate statement by RBNZ. AUD/USD pair also rose by 0.16%, traded at 0.7612. [B][U][COLOR=#ff0000]Major pairs (Thursday update)[/COLOR][/U][/B] USD/JPY ↓2.34% 108.84 EUR/USD ↑0.11% 1.1335 USD/CAD ↓0.14% 1.2581 GBP/USD ↑0.06% 1.4551 USD/CHF ↓0.10% 0.9700 AUD/USD ↑0.18% 0.7614 NZD/USD ↑0.78% 0.6938 [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…