FOMC statement (October 30, 2019)
Information received since the Federal Open Market Committee met in September indicates that the labor market remains strong and that economic activity has been rising at a moderate rate.
Job gains have been solid, on average, in recent months, and the unemployment rate has remained low. Although household spending has been rising at a strong pace, business fixed investment and exports remain weak. Continue reading
ECB Monetary policy decision.
At today’s meeting the Governing Council of the ECB took the following monetary policy decisions:
(1) The interest rate on the deposit facility will be decreased by 10 basis points to -0.50%. The interest rate on the main refinancing operations and the rate on the marginal lending facility will remain unchanged at their current levels of 0.00% and 0.25% respectively. Continue reading
China plans to issue its own crytocurrency as early as Nov. 11, the country’s busiest shopping day for online sales, U.S. financial magazine Forbes said, citing two sources familiar with the matter.
The People’s Bank of China (PBOC) has been exploring the possibility of launching its own digital currency since 2014 to cut the costs of circulating traditional paper money and boost policymakers’ control of money supply. Continue reading
On August 22, 2019, the Australian Securities and Investments Commission (ASIC) issued a document (19-220MR) proposing to prohibit the trading of binary options for retail traders.
The same document also proposes to significantly limit the trading of CFDs (CFDs). Continue reading
For the first time in the last 10 years, the Federal Open Market Committee (FOMC) has decided to cut the interest rate by 0.25% to 2.25%.
Below is the full text of this historic decision. Continue reading
Congratulations to all readers of FXTAA.com with the New Year 2019 !!!
We wish you the right deals, good luck and always be on the wave of the trend !!! Love and happiness to you and your families.
The Central Bank of Russia revoked licenses from brokers – Forex Club, Fix Trade, Trastforex, Alpari Forex and Teletrade Group.
Decisions on this are posted on the website of the Central Bank of Russia. Continue reading
We wish you good luck in the market and profitable trades next year and give you this video. Continue reading
Information received since the Federal Open Market Committee met in November indicates that the labor market has continued to strengthen and that economic activity has been rising at a strong rate.
Job gains have been strong, on average, in recent months, and the unemployment rate has remained low. Household spending has continued to grow strongly, while growth of business fixed investment has moderated from its rapid pace earlier in the year. Continue reading
At today’s meeting the Governing Council of the European Central Bank (ECB) decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively.
The Governing Council expects the key ECB interest rates to remain at their present levels at least through the summer of 2019, and in any case for as long as necessary to ensure the continued sustained convergence of inflation to levels that are below, but close to, 2% over the medium term. Continue reading
Teresa May did not dare to bring the agreement on the withdrawal of Great Britain from the European Union to the final vote in Parliament. Voting on the transaction postponed indefinitely.
Meanwhile, a funny video was posted on the Internet, in which British actor Andy Serkis once again performed the role of Gollum (the character of the Lord of the Rings trilogy) as British Prime Minister Theresa May. Continue reading
The European Commission published on Wednesday, December 5, a plan to reduce the eurozone’s dependence on the dollar.
The fact that such a plan is being prepared, we wrote on our website – “Europe challenges dollar dominance”. Continue reading
The last two trading days were marked by events on the front of the British exit process from the European Union. The Brexit deal is prepared and agreed by the parties. What awaits us next?
The UK is due to leave the European Union at 23:00 GMT on Friday 29 March, 2019, after people voted by 51.9% to 48.1% for Leave in the 2016 referendum. Continue reading
Reuters agency published an interesting survey about the structure of the world forex market. The article refers to the fact that the UK, despite problems with withdrawal from the EU, has increased its share in international currency transactions in the Forex market.
However, if we analyze the data specified in the article, we can derive an approximate structure of the entire world forex market. Continue reading
Information received since the Federal Open Market Committee met in May indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate.
Job gains have been strong, on average, in recent months, and the unemployment rate has declined. Continue reading
Technical analysis in trading is very important for the opening and monitoring of trading positions. However, fundamental factors and investor sentiment are extremely important for understanding the general picture on the market.
And here everything is not so unambiguous. Yesterday we saw the beginning of the process of running traders and investors from risks. Continue reading
The Bank of Canada today maintained its target for the overnight rate at 1 ¼ per cent.
The Bank Rate is correspondingly 1 ½ per cent and the deposit rate is 1 per cent. Continue reading
Experts from finanz.ru resource calculated that the transaction of the Central Bank of Russia in the international currency market in 2017 turned into a blow to the gold and currency reserves of Russia.
The Central Bank of the Russian Federation “did not guess” the dynamics of the euro to the dollar and suffered billions of losses on exchange rate differences, it follows from the data of the central bank and finanz calculations. Continue reading
The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment.
At its meeting ending on 9 May 2018, the MPC voted by a majority of 7-2 to maintain Bank Rate at 0.5%. Continue reading