US data was disappointing with the lower-than-expected new Home Sales which declined 18.2% MoM in February, well below expectations of a 5.7% drop. ''Part of this drop reflects freezing weather conditions in February reducing activity in some parts of the US, alongside limited supply. The median sales price rose 5.3% YoY,'' said an Analyst. In [...]
2020 year has gone, but it will last as the world and all major foreign exchange markets are far from dealing with the COVID-19 pandemic in 2021, while the global economy has recently begun to recover from the shock. In these dark times, many of you may be wondering what forex pairs will trade in [...]
The sterling struggles despite improved unemployment data, the employment data showed that the unemployment rate unexpectedly dropped to 5% in January. The estimates were pointing to a modest uptick to 5.2% from 5.1%. The positive reading, to a larger extent, was offset by a Jump in the number of people claiming unemployment-related benefits to 86.6K [...]
BOJ's Governor Haruhiko Kuroda said on Monday that the central bank would not stop buying exchange-traded funds (ETFs) or sell them as it tries to make its easing tools more flexible and sustainable under its yield curb control policy. While speaking, Kuroda said its review of the ETF purchases would make it possible for the [...]
