It's been a pretty bad week for the AUD/USD pair as it continued to slide today after RBA Governor Glen Stevens’ statement on the aussie. Read more >>
The EUR/USD pair hovered at around the 1.4000 zone in today's trading as the market awaits important PMI reports coming from Europe. Read more >>
The highlight of today's Asian trading is without a doubt Ben Bernanke's speech to the National Economists Club in New York. According to the Fed Chairman, they will continue to maintain "highly accommodative policies for as long as they are needed." Read more >>
The Reserve Bank of Australia (RBA) earlier released the minutes of its monetary policy meeting for November. As expected, it kept the same neutral tone it had in its past statements. Read more >>
In a surprising move, the European Central Bank (ECB) announced yesterday that it would cut interest rates by another 25 basis points. The cut brought down rates to 0.25%. Read more >>
The aussie suffered today after Australia posted huge losses in fulltime employment in October. Based on the data released, 28,000 fulltime workers lost their job during the period. Read more >>
The EUR/USD pair continued its slow and steady slide early in today’s Asian trading. This is still due to the combination of yesterday’s weak data from Europe and positive ones from the US. Read more >>
Earlier today, the Governor of the RBA said in a statement that the cash rates would remain unchanged at 2.5%. However, the takeaway in the statement for most traders was the mention of the aussie being ‘still uncomfortably high’. Read more >>
The EUR/USD pair bounced back to around the 1.3500 level in today's trading, albeit temporarily. This boost came after it dipped sharply last week amid speculations that the European Central Bank (ECB) would announce further cuts to its interest rate. Read more >>
As with the previous week, this one will start out quietly, and will only pick up in the middle of the week. This will feature interest rate decisions from the RBA, BoE, and the ECB, as well as employment data from Australia, Canada, and the United States. Read more >>