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The Fed concluded its Board meeting Wednesday afternoon (April 28) by announcing that it was leaving interest rates unchanged with the key funds rate near zero per cent. The announcement is not surprising given most of the Central Bank leaders’ commitment to leave rates low for an ‘extended period’, but it is interesting to see following a month long crusade by a few economists and leaders to advocate for raising rates to stave off inflation. In the minutes of the meeting, the board acknowledged that high unemployment, wages, spending, and ...Forex Rate - Forex and Exchange rates

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Thursday’s (April 22) reports that showed improvements in the number of initial jobless claims and the number of existing home sales for March, along with a string of positive earnings reports this week have helped propel fuel prices over $84. After rising to the $86 level, oil prices had dropped to around $81 earlier this week, but after gains Thursday and an additional 73 cent gain early Friday, benchmark crude oil scheduled for June delivery was at $84.43 in midday trade on the New York Mercantile Exchange. Thursday’s report on unemployment showed ...Forex Rate - Forex and Exchange rates

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The Ichimoku Kinko Hyo or equilibrium chart isolates higher probability trades in the forex market. It is new to the mainstream, but has been rising incrementally in popularity among novice and experienced traders. More known for its applications in the futures and equities forums, the Ichimoku displays a clearer picture because it shows more data points, which provide a more reliable price action. The application offers multiple tests and combines three indicators into one chart, allowing the trader to make the most informed decision. Learn how the Ichimoku works and how to add it to your own trading routine.

Getting to Know Ichimoku
Before a trader can trade effectively on the chart, a basic understanding of the components that ...

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The dollar made gains on Thursday (April 15) against most major currencies and also put a wrap on driving oil prices and gold prices. The dollar’s strength is due partly to the rapid passing of an $18 billion extension of unemployment benefits for hundreds of thousands of people that have been struggling after their state-paid unemployment benefits ran out. The bill was quickly passed by both the House and Senate and President O’Bama wasted no time in signing it into law. The bill is a temporary extension through June ...Forex Rate - Forex and Exchange rates

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The dollar got a boost from comments by Federal Reserve Bank of Kansas City President Thomas Hoenig. A member of the Federal Reserve board, Hoenig says he is in favor of an increase in the Fed funds rate from its current position near zero per cent to closer to one per cent. Despite commentary after the most recent Central bank meeting suggested an ‘extended’ period of time before rates are raised, Hoenig says he did not support comments in the last two meeting minutes that indicated a long-term hold on ...Forex Rate - Forex and Exchange rates

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For only the second time in the 27 month period since the start of the US recession, employers have added jobs. This is the news from the US Labor Department in its monthly payroll report for March released early Friday (April 2) morning. It was expected that the economy would show a gain of around 190,000 jobs based on the Thomson Reuters survey of economists, but the report showed a slightly more moderate growth of 162,000. Unemployment remained steady at 9.7 per cent during March. This was the third month ...Forex Rate - Forex and Exchange rates

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Crude oil prices continued to gain on Wednesday (March 31) thanks largely to the falling dollar. The price of a barrel of crude oil for May delivery settled at $83.76 on the New York Mercantile Exchange. This was a gain of $1.39 or 1.7 per cent. Even more impressively, oil prices climbed a total of 5.1 per cent during the month of March based on economic sentiment and a growing expectation for increased consumer demand and business expansion in the coming months. The Wednesday morning jobs report was less than ...Forex Rate - Forex and Exchange rates

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