Market News

Daily Forex Fundamentals – May 14, 2013

The dollar rally has stalled! Is it time for a reversal or could this be nothing more than just a consolidation? Read up on my Daily Forex Fundamentals report and know what events could move the currencies in today’s trading!

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BOE: All’s Good in Britain

Equipped with fresh positive economic data, the Bank of England’s Monetary Policy Committee decided to hold interest rates at 0.50% and make no changes to its 375 billion GBP asset purchase program.

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George Soros’ Billion Dollar Bet

Big George has done it again! The man famous for “breaking the Bank of England” was at it again earlier this week, this time his target being the Reserve Bank of Australia. Read on to find out how he pulled it off!

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Short term volatility is greatest at turning points and diminishes as a trend becomes established.George Soros