Interest Rate Decision

Avoid Trading On News

By az_whye December 25, 2023Product Update

What moves the Forex price? For stocks, it is probably a lot more obvious. The company is getting good growth, they launch new products that might get more market share, and the growth of their earnings per share might impact the stock price positively. How about forex? It’s a currency between two countries or multiple countries ( eg. EURUSD is Europe vs United States). The reason to move the price could be a new policy from a government of the currency, some VIP mentioning something in a public speech, political and subtle changes in the region or nearby countries, or an announcement of a recent economic indicator.

EURUSD Market Update 10 Dec 2023

By az_whye December 10, 2023Market Update

Last week, NFP surprised the market by having higher-than-forecast results. NFP turned out to be 199K instead of the forecast of 180K. The US unemployment rate also reduced to 3.7%, better than the consensus of 3.9%. These number has proved that the US job market is still hot.

This week, we will have the most eventful week in December.

EURUSD and AUDCAD Market Update 2 Dec 2023

By az_whye December 2, 2023Market Update

Last week, EURUSD was volatile and it broke 1.10 and then it dropped back to 1.08. This week we have a few important news announcements for EURUSD and AUDCAD.

AUDCAD Market Update 5 Nov 2023

By az_whye November 5, 2023Market Update

Last week, FOMC decided to keep their interest as it is. The comments from US Fed Chairman Powell were quite dovish, which resulted big bounce from EURUSD and break 1.07 level. This week, we have Australia’s RBA Interest rate decision.

EURUSD Market Update 28 Oct 2023

By az_whye October 28, 2023Market Update

After the ECB interest rate decision, this week we will have the FOMC Interest Rate Decision and Nonfarm Payrolls.

EURUSD and AUDCAD Market Update 22 Oct 2023

By az_whye October 22, 2023Market Update

This week, we have 2 important economic announcements that we need to take note of for EURUSD and one for AUDCAD.

EURUSD Market Update 17 Sep 2023

By az_whye September 17, 2023Market Update

Last week, the ECB surprised the market by raising 0.25% interest to 4.50% but at the same time signaled this was likely to be its last. This week, it is the US FOMC Interest Rate Decision. Will they surprise the market too?

EURUSD Market Update 11 Sep 2023

By az_whye September 11, 2023Market Update

This week we have a few important economic announcements that might make the market volatile. The US inflation rate is expected to go up in August. This is an important indicator to monitor as it will show whether inflation is coming back.

EURUSD and AUDCAD Market Update 30 Jul 2023

By az_whye July 30, 2023Market Update

Last week, in the FOMC Interest Rate Decision meeting, Fed raised the interest rate to 5.50% as expected which is in line with market consensus. In the Q&A session, some analysts observed a swift focus on the response of the Fed. Let’s look into some changes in the focus here.

EURUSD Market Update 11 June 2022

By az_whye June 11, 2023Market Update

After Australia and Canada raised their interest unexpectedly in the last two weeks, will US Federal Reserve follow the same? and what will European Central Bank (ECB) do on their interest decision?