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EUR/USD has break 1.56 now!
After German Producer Prices increased at the fastest pace in 2 years, EURUSD recouped all of yesterday’s losses in early European trade but the rally was temporarily stymied by worse than expected reading from the ZEW survey indicating concern about future growth from the region’s investment analysts. The correction however, lasted all of 10 minutes as the pair skyrocketed once again after ZEW officials predicted that ECB will hike rates in the near future.
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BoE Voted 8-1 To Keep Rates Unchanged
The BoE voted 8 to 1 to keep the benchmark rate unchanged at 5.00% at their May 8th policy meeting due to inflation concerns. Perennial dove David Blanchflower was the only dissenter calling for a quarter point cut, The BoE voted 8 to 1 to keep the benchmark rate unchanged at 5.00% at their May 8th policy meeting due to inflation concerns. Perennial dove David Blanchflower was the only dissenter calling for a quarter point cut, which was expected as he had publicly made statements calling for action to stem a U.K. recession. Inflation continues to remain a concern for the central bank as they believe that current record energy costs will filter through to consumer prices for the next twelve months. Governor Meryn King stated in the quarterly inflation report that he expects to have to write a letter of explanation to Chancellor Darling for several quarters as prices continue to grow above the 3% threshold. The majority recognized the significant growth risks to the economy from the declining housing market and property values, but felt that the slowdown was needed to rein in inflation and reach their 2% CPI target. The committee believes that further cuts would risk letting inflation get out of control and send the wrong signal to wage bargainers and companies. The expectation is that the MPC may not look to change interest rates until next year.
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Thanks again Primarylogic for these usefull rapports.
FerruFx
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G/U is crazy today, it has been break fown trend line, seems trend turn to long now.
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Great Site
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Wow, I'm new here and i am just amazed how rich and wonderful this place is. I am still looking around the place in fact i am filled to the brim with the information i find here.
See you around |
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Quote:
Yeath,this a rich and wonderful place. ![]() Hope can exchange of experience in the following days.
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i made 150pips today from gbp/jpy
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Yes i made 150pips today from gbp/jpy.
This is how i did it. I start trading every morning by 7GMT using indicators beginner, GMACD2, Dolly_graphics, RSI, and ADX. I will give you details on monday as i am so tired now. Have a nice weekend. |
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