Occasional pullbacks like this will offer a potential buying opportunity and likely to. Short, massive weekly resistance on
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Fed has two main targets: The FOMC organizes 8 meetings in a year and reviews economic and financial conditions. Also determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth.
He had previously worked as President of the Asian Development Bank for 8 years. His words are usually followed by traders in order to find any clue of next possible trend in the currency. She had already previously served as a Vice Chair from to This group also includes the following currency pairs: Japanese Yen has a low interest rate and is normally used in carry trades.
This is the reason why is one of the most trades currencies worldwide. The nature of this correlation is dued to the fact that both currency pairs also use the US Dollar as the base currency.
The value of the pair tends to be affected when the two main central banks of each country, the Bank of Japan BoJ and the Federal Reserve Bank Fed , face serious interest rate differential.
The pair is also called 'The Cable', reffering to the first Transatlantic cable that was crossing the Atlantic Ocean in order to connect Great Britain with the United States of America. The popularity of the Pound Dollar is due to the fact that represents two strong economies: British and American from United States of America. The Cable is a widely observed and traded currency pair where the Pound is the base currency and the US Dollar is the counter currency.
The Euro Dollar gathers two main economies: This is a widely traded currency pair where the Euro is the base currency and the US Dollar is the counter currency. Since this pair consists of more than half of all the trading volume worldwide in the Forex Market, it is almost impossible for a gap to appear. Recently the Bank of Japan has expanded their purchase of Yen , hoping to overturn the deflation tide to inflation. Doubling this money supply is devaluing the Yen, boosting exports; but, increasing prices of imports at the same time, especially for commodities.
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