USD/JPY has launched a relishes moment ahead of the U.S. Federal Reserve led markets to bring forward the likely timing of a policy tightening there, while action in Europe and Japan remain distant prospects. The yen pair portrayed a strong recovery after the previous day in May, with the US dollar benefiting from a volatile [...]
Majority of countries have their own central bank, which issues currency, defines monetary policy and ensures the proper functioning of the banking system. In Europe, however, adopting the Euro necessitated the creation of a European Central Bank (ECB). In this article, we will explore the European Central Bank, an institution created to help implement the Euro that manages [...]
Kiwi pair is bolted higher on stronger than expected New Zealand’s employment data for the second quarter during early Wednesday. Kiwi departed when data showed that New Zealand's unemployment rate had fallen to 4.0% in the last quarter, under the 4.5% market forecast, while employment was up 0.9%. In addition, RBNZ's focus on 'utilization' has [...]
Today’s market session kicked off Europe with an exciting moment on this August. Positive economic data from the Eurozone provided support, while rising Asian equities provided support to European majors. Production of PMI numbers for the month of July focused on retail sales from Germany at the beginning of the week. German retail sales rose [...]
