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Pound Sterling In Precarious Position

What is going to happen to the Pound Sterling?One of the top things to look out for over the coming weeks in the world of Forex trading is the relationship between the British pound sterling and the euro. Those in positions of authority with the pound have stated that there is a strong potential for a currency “shock” to occur within the next week or so, and this could lead to a profound drop in the pound’s strength against major currencies. The euro is a prime candidate for which currency that shock will be felt hardest against, and as such, this is a pair that has had a lot of our attention devoted to recently. [Read more…]

Fed’s Decision Moves Gold Up

Gold Can Make Big MovesIf you are looking for further proof that economic policy decisions have a bearing on fluctuations in asset prices, here it is. Very recently, the U.S. Federal Reserve decided to hold off on raising interest rates for borrowing the U.S. dollar. This has a direct impact on the ability of U.S. based companies to borrow money, and it signals that the dollar isn’t quite as strong yet as it could be. While the Fed did cite that the dollar was growing closer to where they wanted it to be, and that the economy is headed in the right direction, overall, things are not quite as strong as they would like them to be at this point in the year. [Read more…]

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