Forex - EUR/USD off highs on Italy exit polls

The euro eased back from session highs against the dollar on Monday, after exit polls released just after the close of voting indicated that Italy’s center-right party, led by Silvio Berlusconi, won the most votes in the Senate. EUR/USD pulled back from 1.3318, the pair’s...

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U.S. stocks rise as markets eye budget talks, Italy; Dow Jones up 0.29%

U.S. stocks opened higher on Monday, as U.S. budget talks were to resume later in the day, while markets eyed the outcome of general elections in Italy.  During early U.S. trade, the Dow Jones Industrial Average added 0.29%, the S&P 500 index climbed 0.47%, while...

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Forex Trading Signals for 25th Feburary 2013

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Factors Affecting USD/CHF

Swiss National Bank (SNB): The Swiss Central Bank has maximum independence in setting monetary and exchange rate policy. Unlike most Central banks, the SNB does not use a specific money market rate to guide monetary conditions. Until fall 1999, the Bank used foreign exchange swaps and repurchase agreements as the main instruments to impact money supply and interest rates. Liquidity...

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Factors Affecting USD/JPY

Ministry of Finance: The MoF is the single most important political and monetary institution in Japan. Its influence in guiding the currency is more significant than the ministries of finance of the US, UK or Germany, despite the gradual measures to decentralize decision-making. MoF officials often make statements regarding the economy that have notable impacts on the yen....

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Factors Affecting GBP/USD (Cable)

Bank of England (BoE): Under the Bank of England Act of June 1997, the BoE obtained operational independence in setting monetary policy to deliver price stability and to support the government's growth and employment objectives. The price stability objective is set by the government's inflation target, defined as 2.5% annual growth in Retail Prices Index excluding mortgages...

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Factors Affecting EUR/USD

The Eurozone: The 12 countries that have adopted the euro in order of GDP: Germany, France, Italy, Spain, Netherlands, Belgium, Austria, Finland, Portugal, Ireland, Luxembourg and Greece. European Central Bank: Controls monetary policy for the eurozone. The decision making body is the Governing Council, which consists of the Executive Board and the governors of the national...

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Key Fundamentals Impacting the U.S. Dollar

Federal Reserve Bank (Fed): The U.S. Central Bank has full independence in setting monetary policy to achieve maximum non-inflationary growth. The Fed's chief policy signals are: open market operations, the Discount Rate and the Fed Funds rate. Federal Open Market Committee (FOMC): The FOMC is responsible for making decisions on monetary policy, including the crucial interest...

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