AUD/CAD (H4): Inside upward trend

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The Bank of England elected to keep interest rates at 0. Neither decision was unexpected, and it is likely that GBP will not experience any major movements as a result of the announcement. The economy grew at an unexpected rate for the third quarter, and surveys of the manufacturing and service sectors suggest that both are still growing.

Combined, this news more than likely convinced the BoE to hold off on further monetary stimulus for the time being. It is possible, though, that further stimulus is enacted in response to extensive government spending cuts, and the consensus estimate is that such action will occur in February, Those interested in currency market trading should pay attention to the minutes of the BoE meeting, to be released on the 17th.

Another member, Andrew Sentance, audcad forex best binary options signals 2017 for higher interest rates. The minutes could shed light on whether or not either of these ideas gained new supporters on the board. Meanwhile, the European Central Bank elected audcad forex best binary options signals 2017 keep its interest rates steady at 1. The major question left, though, is if the current market trading situation in the euro zone will forestall rate hikes, as doubts about periphery debt still linger.

So far in trading today, the euro is up 0. The euro is down 0. Stay up to date with the financial markets everywhere you go. Comments 0 comment s Click here to cancel reply.

Get the most recent news at your inbox Stay up to date with the financial markets everywhere you go. Sign up for updates. View ICO Audcad forex best binary options signals 2017 whitepaper.

Golem Analysis - Demand is still very weak here. Komodo Forecast - Bearish shooting star. Steem Analysis - Nice Reversal! Potcoin Analysis - Price is definitely not high. Dogecoin Forecast - Such a big drop. Get the most recent news at your inbox.

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