U.K Manufacturing Production

Friday, 10 June 2011 12:32

After United Kingdom’s Manufacturing Production and PPI Input releases, GBP/USD went from trading at 1.6240 to 1.6210, but this didn’t last long as Sterling recovered and jumped to trade at it’s currenct point of 1.6290.

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Trichet announces rates at 1.25%; Euro tumbles down

Thursday, 9 June 2011 04:01

European Central Bank President, Trichet, announced that rates were to be kept at 1.25%. This was widely expected by the markets.

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Jobless Claims at 427K

Thursday, 9 June 2011 03:41

In the U.S.A, the number of people who filed for unemployment for the first time in the past week has increased from last week’s 422,000 to 427,000 individuals this week. Jobless claims were released a little higher than the expectations of 424,000.

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BoE keeps Bank Rates steady

Thursday, 9 June 2011 02:25

Monetary Policy Committe at the Bank of England decided to keep Bank Rates the same at 0.50%; as released minutes ago. Everything was as expected as the Bank Rate remained the same, as well as the Stock asset purchase which was not changed from 200 billion.

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Euro above 1.46 prior to ECB statement

Thursday, 9 June 2011 12:31

The Euro opened up at near 1.47 highs earlier in the morning versus the U.S Dollar and tumbled down only to stop before exiting the 1.46 line. The european currency is keeping steady, awaiting for Trichet’s ECB statement later today.

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