Latest Sources for Forex Stocks and Financial Trader

Get the latest breaking news is a fundamental requirement for all currencies, stocks or options trader. The Internet is full of different places, but not all of them have the financial news or provide this kind of news in a timely manner. This list consists of the top ten merchant news sources that are updated frequently and do not mix with irrelevant news. 

Bloomberg - the latest news source on all that is somehow related to financial markets. Categorization of help in finding regions of major international news. 
Forbes.com Breaking News - a great site for recent financial information, but also offers free news from various news sources paid (Associated Press). The stock market traders will like the coverage of almost all types of businesses. 
Reuters Business and Finance - Reuters is one of the most professional information companies in the world and offering news as a free service for everyone. 
BusinessWeek - which can be very old, but still has some exclusive content from BusinessWeek news and analysis very professional. 
Financial Times - FT I like because they are not US-centric as some financial news sites, which offer a world view very good news. Can be recommended as a source of news related to Forex, if you prefer the exotic currency pairs trade. 
CNNMoney - against the FT, CNN prefers U.S. news, but still good because most of the world's reserves are concentrated in Wall Street. It will also be useful for forex traders dollar. 
CNBC - a "must have" favorites for each currency trader, news on the currency markets have been delivered at the level of quality.

Forex Interest Rates By Central Banks of Every Country

Central bank interest rate is the rate at which the central institutions of the country the bank lends short-term money to commercial banks in the country. Interest rates also play an important role in the Forex market. Because the currencies bought via broker not delivered to the buyer, the broker dealer must pay interest based on the difference between the "short" interest rate of the currency and "long" interest rate. 

In the table of interest rates can not only find the current interest rate from 20 different countries, but also move backwards in time and see how and when interest rates were changed by central banks. 

Interest rates of the following countries are included in this table of interest rates: United States of America, United Kingdom, European Union, Japan, Switzerland, Canada, Australia, New Zealand, Norway, Denmark, Chile, South Africa, Sweden, Brazil, South Korea, Russia, Poland, Latvia, Hungary and Czech Republic. 

Click the small green arrow above and below the table to see the rate decisions of the past.

0.125% †

 

on 2009-08-12 by 0%

Federal Reserve System

 

1.25%

 

on 2011-11-03 by 0.25%

European Central Bank

 

0.50%

 

on 2009-10-08 by 0%

Bank of England

 

0.10%

 

on 2009-05-22 by 0%

Bank of Japan

 

1.00%

 

on 2010-09-08 by 0.25%

Bank of Canada

 

4.50%

 

on 2011-11-04 by 0.25%

Reserve Bank of Australia

 

2.50%

 

on 2011-03-10 by 0.50%

Reserve Bank of New Zealand

 

0.125% *

 

on 2011-08-03 by 0.25%

Swiss National Bank

 

5.50%

 

on 2010-11-10 by 0.50%

South African Reserve Bank

 

5.25%

 

on 2011-06-14 by 0.25%

Central Bank of Chile

 

1.20%

 

on 2011-11-04 by 0.35%

Danmarks Nationalbank

 

2.25%

 

on 2011-05-13 by 0.25%

Norges Bank

 

2.00%

 

on 2011-07-06 by 0.25%

Riksbank

 

11.50%

 

on 2011-10-19 by 0.50%

Banco Central do Brasil

 

0.75%

 

on 2010-05-07 by 0.25%

Czech National Bank

 

6.00%

 

on 2011-01-25 by 0.25%

Magyar Nemzeti Bank

 

3.50%

 

on 2010-03-24 by 0.50%

Bank of Latvia

 

4.50%

 

on 2011-06-08 by 0.25%

National Bank of Poland

 

8.25%

 

on 2011-05-02 by 0.25%

Bank of Russia

 

3.25%

 

on 2011-06-10 by 0.25%

Bank of Korea

Note: Not all the 'no change' central bank decisions included in the table above. 
† Federal Reserve set the range of interest rates since December 16, 2008. The average rate shown. 
* The Swiss National Bank's interest rate is presented as the average speed range. 
TopForexNews.com not responsible for the accuracy of the data presented.

Chinese Yuan - The Biggest Decline Since July 2010

The Chinese yuan went to third weekly drop today, showing the biggest decline since July 2010, on speculation that slower economic growth will make China, to cut the currency gains to protect exporters the nation. 

The government report showed that exports grew 15.9 percent in October, showing the slowest growth rate in almost two years. Data from HSBC Holdings Plc and Markit Economics, said China's manufacturing industry could slow this month. The currency may weaken further requiring importers dollars at the end of the year.

How News Impact on Forex and Stock Market?

News and rumors are the main elements for the Forex trading or for the stock market.The global financial markets are interconnected and depend greatly on the financial and macroeconomic statistics. The Forex market is not an exception. Currency rates — the basic instruments of the foreign exchange market — are affected by the by major financial news, fundamental statistical reports and important geopolitical events. But nothing compares to seeing the actual effects of the news on the Forex market. Here you will find three major examples of such influence.

Monetary Actions

Such news as monetary policy decisions by the major central banks have an immediate impact on the currency pairs. If the interest rate is changed too fast or too slow, or an unexpected comment is made about the future interest rate changes, the currency pairs rally or fall with a speed of light. When the Federal Open Market Committee (FOMC) of the U.S. Federal Reserve announced its first rate cut from 5.25% to 4.75% on September 18th, 2007, after a long series of the rate hikes, it pushed EUR/USD up. On the EUR/USD hourly chart below you can see a jump in the rate as the dollar lost a part of its attractiveness with the lower interest rate and the euro advanced. The reaction has been instant and a strong bullish trend has followed afterwards:

As you see, the impact of the news on the Forex market can’t be ignored. Whether you trade intraday or long-term, your currency positions will be affected by the Forex news. That’s why it’s important for the currency traders to monitor all the related news and make the market decisions in relation to them.

US Dollar Position in Forex Trading

Forex trading revolve against US dollar in all over the world.Lets see its position in Forex market and how it effects of the trading value.A bi-partisan committee designed to find a solution to the debt crisis in the US has failed. As a result, US stocks are in free fall today. The US dollar, though, is mostly higher in Forex trading.

US dollar is gaining in Forex trading as concerns about world events catch up with investors and traders. Risk aversion is a major part of financial market proceedings today, and that means that Forex traders are looking for stability. Even with the budget woes in the US, the dollar is considered the most stable currency in the world.

Plus, what other currency is going to be considered a better choice? It’s true that the yuan is supposed to move toward more flexibility, but it will be years before the yuan is in a position to to take over as the de facto global currency. The eurozone is in such a mess that euro can’t be relied on right now. Even the yen is down against the US dollar today.

For now, the US dollar is gaining, even on the uncertain economic and budgetary future for the US. Things could change, but, for now, with all of the economic concerns and uncertainty, safe haven status is likely to help the greenback.

At 16:26 GMT EUR/USD is lower at 1.3509, down slightly from the open at 1.3515. GBP/USD is lower, dropping to 1.5651 from the open at 1.5793. USD/JOY is higher at 76.9640, up from the open at 76.8820.

Euro Starts Boosting with Debt Problem

17 nations currency Euro is now boosting little bit but debt problem still exist. Euro has been remain a high value currency but situation in Greece and Italy has disrepute this unique currency.

Euro is higher right now, gaining as some Forex traders engage in short covering. However, the 17-nation currency is still vulnerable to debt problems — in the eurozone and in the US.

For now, euro is getting a bit of a boost after some choppy trading yesterday, and a flight to safety for markets. Middle East demand has helped support the euro up until now in today’s Forex trading, but that could easily fade. Indeed, many expect that as the US session approaches, the euro will find it harder and harder to hold on to gains.

The biggest issue, as one might expect, is sovereign debt. Euro zone debt remains out of control, and there is no good plan to solve the debt crisis. On top of that, budget concerns in the US have many worried about what’s next for the world’s largest economy. All of this uncertainty means that the short covering that is helping the euro is unlikely to last as Forex traders look for safe haven soon. With politicians in Europe and the US refusing to get serious about debt issues, it will be awhile before Forex traders feel really safe.

At 14:07 local time, EUR/USD is up slightly from the open at 1.3490, moving to 1.3503. EUR/GBP is higher, up to 0.8653, up from the open at 0.8624. EUR/JPY is also higher, moving up to 104.0900, from the open at 103.7095.

If you have any questions, comments or opinions regarding the Euro, feel free to post them using the commentary form below.