Dollar Strengthens Over The Weekend. Once More, Gaps At The Sunday Open
Dollar Strengthens Over The Weekend. Once More, Gaps At The Sunday Open
Overall, the market gapped again at the Sunday open. This time, the G20 meeting caused the dollar to strengthen during the weekend. However, the currency pairs are starting to move to the upside, showing that the market is looking to close the gaps. Today, […]
Rate Cuts Do More Harm Than Good
Rate Cuts Do More Harm Than Good
Overall: Rate cuts from the BoE, ECB and SNB sent stock markets into a tailspin, which heightened sentiment for the dollar and yen against the higher-yeilders. One trend noticed as of late is that the Swiss franc (in part because it yields 100 basis points more than the dollar) […]
Australia Lowers Rate More Than Expected
Australia Lowers Rate More Than Expected
Australia Cash Rate Actual 5.25%, Expected 5.50%, Previous 6.00%
Release Explanation: The interest rate sets the tone for mortgages, commercial loans, and all economic lending criteria. This is the single most important reason why currencies are bought and sold. A strong interest rate and robust business cycle will attract foreign […]