A key factor influencing the foreign exchange (forex) market is interest rate changes made by major central banks such as the Federal Reserve of the United States, the Bank of England (BoE) and the European Central Bank ( ECB). Interest rate changes are made as part of their monetary policy in response to a number of economic factors including inflation and growth.
In addition to an increase in the number of mortgage holders, the census revealed a further increase in the number of renters. More than 30% of the population rents today compared to 26% at the beginning of the century. This means that the number of Australians who own their homes remains well below its 2001 […]
Gold prices will plunge in the coming weeks, according to one of the strongest correlations ever seen in the markets. Except you shouldn’t put any weight on that correlation. That doesn’t mean gold won’t decline. But a proper assessment of gold’s outlook must be based on more than a statistical model that has no theoretical […]
Banks raise interest rates to attract depositors Notably, a number of commercial banks are beginning to join the race to raise deposit interest rates with small and medium banks, they have adjusted a deposit interest rate of more than 7 % for a period of 12 months. Specifically, customers who deposit money at CBBank for […]