Naira4Gold

GBPUSD maintained a downward trend in the past week confirming what seemed like a bearish take over from top at 1.7191 two weeks back. The pair recorded a four week low at 1.6961 with attempts to retrace back to 700 levels foiled by the bears. But the monthly support around 1.6972 appears strong enough to absorb the bearish pressure. Will the bears maintain the lead in the last week of the month?

EURUSD trend in the past week showed a bearish continuation having recorded a new low, closing lower than the weekly open and failed to exceed the high of the week before.

In the coming week of July 20 to 25, what should we expect of the pair?

We will consider three tools to enable us have an insight into what the market will probably do. COT reports, 200 and 50 period Exponential Moving Averages…

Chair Janet L. Yellen

Semiannual Monetary Policy Report to the Congress Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, Washington, D.C. July 15, 2014

Chairman Johnson, Ranking Member Crapo, and members of the Committee, I am pleased to present the Federal Reserve’s semiannual Monetary Policy Reportto the Congress. In my remarks today, I will discuss the current…

How COT Reports will Impact on GBPUSD This Week!

Many traders still do not know how to use the COT Reports to profit from trading. In this piece I am going to reveal some secrets on how best to use the reports to stack the odds in your favor.

Please, note first that though the COT Reports are released every week, it is not every week and in all trading situations that the reports are useful. The…

Fed Says Economy Rebounding as It Trims Bond Purchases

Janet Yellen, chair of the U.S. Federal Reserve

The Federal Reserve said growth is bouncing back and the job market is improving as it continued to reduce the monthly pace of asset purchases.

“Growth in economic activity has rebounded in recent months,” the Federal Open Market Committee said today in a statement in Washington. “Labor market indicators generally showed further improvement.”…

Economic Projections of Federal Reserve Board Members and Presidents – June 2014

fomcprojtabl20140618

Fed Will Raise Rates Faster Than Investors Bet, Survey Shows

The Federal Reserve will probably raise its benchmark interest rate faster than money-market investors expect, according to a majority of economists surveyed by Bloomberg News.

June 17 (Bloomberg) — Bloomberg’s Michael McKee examines what the IMF’s forecast of slowing growth for U.S. GDP means to the Federal Reserve and which pieces of economic data may sway the Fed’s thinking on rates. He speaks…

2014 Rate Increase More Likely Than Investors Anticipate-BOE

From Bloomberg.com

  Mark Carney, Governor of Bank of England

Bank of England policy makers said a rate increase this year may be more likely than investors anticipate as the debate on the timing of the first policy tightening in seven years heats up.

In the minutes of its June 4-5 meeting, the central bank’s Monetary Policy Committee said the economycould maintain its pace of growth and slack…