SubscribeThe FOMC meeting was held yesterday, 12th August 2009, and the fed decided to leave the interest rate unchanged. According to learningmarkets The unchanged rate was no surprise to the markets which had placed the probability of a rate change at nearly 0% as indicated by the Fed Funds Futures price action. The Fed led [...]
Category: currency news trading
Unemployment Rates Drops In July
The unemployment rate was released on Friday, 7th August. The unemployment rate was 9.4%. The unemployment rate for June was 9.5%. And it was forecast that the rate for July would be 9.6%, but the analysts were wrong. It came out to be less than the forecast, and it was lower than June rate. This [...]