Currency Pairs

GBP/USD: Trading the Bank of England Interest Rate Decision (Daily FX via Yahoo! Finance)

The Bank of England is widely expected to hold the benchmark interest rate at 0.50% and is likely to maintain its GBP 175B asset purchase... 

Forex: AUD/USD tests 0.8600 after finding support at 0.8563 (The Forex Market)

FXstreet.com (Barcelona) – The Aussie has risen back during the European morning against the Greenback from 0.8563 to test 0.8600... 

Forex: EUR/USD rebounds at 1.4485 and back above 1.4500 (The Forex Market)

FXstreet.com (Córdoba) – The recovery of the Dollar against the Euro found support at 1.4485. EUR/USD rebounded and now is back... 

EUR/USD Current Price: 1.4498 (The Forex Market)

FXstreet.com (Buenos Aires) – EUR/USD Current Price: 1.4498. Pair remains strongly bullish despite overbought, with downside capped... 

Forex: GBP/USD tests support at 1.6460 (The Forex Market)

FXstreet.com (Córdoba) – Cable failed in the last hour to confirm levels above 1.6600 and fell below 1.6500 to 1.6460 (lowest price... 

Central Banks

European Central Bank Keeps Interest Rate at 1 Percent

The European Central Bank left its benchmark interest rate unchanged at 1 percent as it waits to see whether a massive infusion of... 

N.Y. Fed’s Chief Backs Preemptive Crisis Moves

The Federal Reserve should break with past policy and try to identify and deflate asset bubbles before they can damage the U.S. economy,... 

Israel Cabinet Approves Law to Reform Central Bank

Israel’s cabinet approved a draft of a law on Sunday that would overhaul monetary policy and other decision-making by the Bank... 

Sri Lanka’s Need for IMF Wanes: Central Bank

Sri Lanka’s central bank chief said Saturday that the island could live without a major IMF bailout that had been delayed by... 

Yuan Use to Increase

THE PHILIPPINES may be next in a growing number of countries that have lessened their use of the US dollar, which has lost its luster... 

Forex Risk Management

Moving On

Dear Zero Hedge readers and blogger fans, it is time to move on… …to our new home: www.zerohedge.com For a little over... 

Ron Insana On HFT

Hey Ron, didn’t realize your new position as a contributing editor on CNBC came with the contributing title of “Portfolio... 

1 To 3 Years Of Securities Recalls Aka Forced Squeeze To Go

After numerous posts on this blog discussing speculation of assorted forced buy ins, it seems that this phenomenon is quite factual... 

NYSE Claims It Does Not Engage In Flash Trading

From an interview earlier with NYSE’s Larry Leibowitz, who is surprisingly vocal against Flash trading. Larry – since the... 

The Goldman VaR Exemption Question Escalates

It seems only yesterday that Zero Hedge had some questions in regard to Goldman’s VaR Fed exemption. No response was received... 

Schumer Letter To Mary Shapiro

“I write out of concern that the integrity of our capital markets is being compromised by the ability of some insiders to view... 

Forex Technical Analysis

Usd/Cad Target at 1.0480, Oil Approaching $74.90

The cad is currently in a pull-back mode after wave III) found the bottom, after the break through the support line and just above... 

Chart Of The Day: EUR/USD

After breaking out yesterday above the last major high of 1.4445 within the current uptrend, price action on EUR/USD has hit its initial... 

Currency Technical Report

Euro rose yesterday towards 1.4530-40, forming new highs for this year. These levels were slightly higher from our targets, regarding... 

GBPUSD: Still Targeting 1.6622 Level & Beyond

As EUR and AUD continue to lead the G10 currency block having resumed their medium term uptrends, GBP looks to follow while targeting... 

Forex Economic Calendar

U.S. Home Prices Drop 6.8 Percent in April as Foreclosures Rise

U.S. home prices fell 6.8 percent in April from a year earlier as rising unemployment and record foreclosures kept buyers out of the... 

Canadian April Retail Sales Unexpectedly Decline 0.8% on Autos

Canadian retail sales unexpectedly fell in April, dropping for the first time in four months, on fewer purchases of automobiles. Sales... 

Philadelphia Fed June Factory Index Climbs to -2.2

Manufacturing in the Philadelphia region contracted in June at the slowest pace in nine months as measures of orders and sales improved. The... 

Switzerland Cuts 2009 Economic Forecast a Second Time

The Swiss government cut its 2009 economic forecast for a second time this year after the worst global recession in more than six decades...