Interest Rate Cut BOE cut its Interest Rate by 0.5% yesterday, the fourth Interest Rate cut since the coordinated emergency Interest Rate Cuts in October and sent the GBPUSD to a high of $1.5370. Non Farm Payrolls However, the focus will be on the Non Farm Payrolls report that will be released today. An early U.S. payroll report showed that
For the week ending 9th. January, the focus will be on three major Forex News namely the FOMC, BOE Interest rate Decision and the much anticipated Non Farm Payrolls. FOMCÂ @ 19.00 GMT on Tuesday, 6th. January BOE Interest rate Decision @12.00 GMT on Thursday, 8th. January Non Farm Payrolls @13.30 GMT on Friday, 9th.
[caption id="attachment_163" align="aligncenter" width="300" width="300" caption="Fxpro Forex Trading Broker"][/caption] USD Interest Rate Cut The NBER revealed that the US economy has been in a recession since December 2007, leading to the collapse of major US stock bourses. The Dow Jones sank by 7.7%, and both the Nasdaq and S&P 500
[caption id="attachment_163" align="aligncenter" width="300" caption="Fxpro Forex Trading Broker"][/caption] Non Farm Payrolls The Non Farm Payrolls is one of the most anticipated reports on the unemployment status of the United States and the economic condition of the country. The Non Farm Payrolls will roll in at 13.30 GMT on Friday, the
