Forex Trading Education : Forex Trading Blog by FOREXYARD

British Housing and Inflation Data Driving Today’s Market

The theme in the past week continued to be a weaker dollar. Not all currencies enjoyed this equally – the Aussie and the euro are the big winners, while the British pound and the Canadian dollar are enjoying modest gains. ...

British Pound Outshining Euro in Forex Trading

A slew of recent analyses have shown mixed results for the EUR over the past several days, brought on by speculation surrounding Mid-East unrest; but how has the EUR compared with its British counterpart?

British Pound Poised for Short-Term Comeback

Following this morning’s employment data releases from the United Kingdom, the British pound appears poised for a correction. The UK Claimant Count Change report showed a decrease in unemployment claims by approximately 4,100 individual claims over the past month. Moreover, ...

GBP/CHF – Testing 1.5039 Resistance

The GBP/CHF, after experiencing a moderate upturn, appears to be leveling off as it meets its first significant resistance level at 1.5039.

GBP/USD Confirms Short-Term Downtrend

The GBP/USD confirmed a downtrend this morning with a bounce off the significant resistance level at 1.5560. Lower-than-expected mortgage approvals in the United Kingdom had a dampening effect on the pound sterling's appeal, pushing the pair down to a current ...

EUR and GBP Boosted due to Higher Risk Appetite

Upbeat US data gave riskier currencies a rare boost yesterday, as investor confidence in the global economic recovery went up. A batch of new data today will largely determine whether the currencies like the euro and UK pound will be ...

GBP: This Week’s Market Mover

EUR Gains on Renewed Risk Appetite

The European single currency hit a 1-week high against the U.S currency as signs that the global economic recovery is gaining momentum spurred demand for higher-yielding assets. The EUR was up slightly at $1.4420 Tuesday, after advancing 0.6% the previous ...

Interest Rates Unchanged Following MPC Announcement

There were no surprises in the announcement from the British Monetary Policy Committee (MPC) today, as interest rates remained unchanged at 0.50%. The Bank Of England stood by its decision to buy 200 billion pounds in bonds to ensure ...

British Official Bank Rate Announcement Expected Today!

Today's leading news events: 08:30 GMT Swiss National Bank (SNB) Monetary Policy Assessment - Primary tool used by the Swiss National Bank (SNB) to communicate to its investors about any future monetary policy changes. Interest rate changes and Swiss economic outlook are ...