Source: Trading Economics China kept its key policy rates unchanged for the 16th straight month, keeping in line with market consensus. The People’s Bank of China maintained the one-year loan prime rate at 3.85%. It was last lowered from 4.05% in April 2020.The one-year loan prime rates cover most of the new and outstanding loans in China.The five-year loan prime rate was … [Read more...] about China’s Key Rates Unchanged for 16th Straight Month in Line with Expectations
UK Retail Sales Post Steepest Decline in Seven Months
Source: Office for National Statistics UK’s combined online and in-shop retail sales volumes declined by the fastest pace in seven months in July but remained above levels seen before the COVID-19 pandemic hit. Retail sales volumes fell 2.5%, following the 0.2% climb in June. This is the biggest decline since January.The latest reading remains 5.8% higher than the levels … [Read more...] about UK Retail Sales Post Steepest Decline in Seven Months
SFI Indicator Review
SFI Indicator provides trading signals on your MetaTrader chart by scanning the markets on auto mode. The algorithm does not repaint itself and works on all time frames. Our article will discuss how traders can use the algorithm in their trading and provide a verdict on implementing it in your charts. Detailed forex robot review The indicator is available to … [Read more...] about SFI Indicator Review
US Unemployment Claims Down for Fourth Straight Week to Fresh Pandemic Low
Source: US Labor Department American jobless claims continued to decline for the fourth straight week, hitting the lowest level since the COVID-19 pandemic hit. DXY is up 0.30%, while Gold is down 0.31%. Seasonally adjusted initial claims for the week ending August 14 fell 29,000 to 348,000. This is the lowest since the level stood at 256,000 on March 14, 2020.The … [Read more...] about US Unemployment Claims Down for Fourth Straight Week to Fresh Pandemic Low
Fed Officials Indicate Possible Tapering This Year
Source: Federal Reserve Officials of the Federal Open Market Committee have judged that the current conditions could warrant the reduction of the Federal Reserve’s bond-buying program. VFH is down 0.82% premarket. Minutes of the July meeting indicated that most officials were of the view that asset purchases could be tapered down as early as this year.Officials defended … [Read more...] about Fed Officials Indicate Possible Tapering This Year
