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  1. GBP/USD Fails to Retain Opening Range- Needs Hawkish BoE for 1.7000+

    by , 05-14-2014 at 05:57 AM
    - Bank of England (BoE) to Provide Updated Growth & Inflation Forecast
    - Will BoE Comment on the British Pound?

    Trading the News: Bank of England Inflation Report

    The Bank of England’s (BoE) Inflation Report may generate fresh highs in the GBP/USD should the central bank show a greater willingness to normalize monetary policy sooner rather than later.

    What’s Expected:

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    Why Is This ...
  2. India's forex reserves up $1.94 billion

    by , 05-10-2014 at 07:42 PM
    India's forex reserves up $1.94 billion

    India's foreign exchange (forex) reserves rose by $1.94 billion to $311.85 billion for the week ended May 2, led by a sharp jump in overseas currency assets, Reserve Bank of India (RBI) data showed.

    The reserves had gained $499.8 million to reach $309.91 billion for the week ended April 25.

    According to the RBI's weekly statistical supplement, foreign currency assets, the biggest component of the forex reserves, jumped ...