Make use of this tidy little table (see screen capture below) that shows critical information for enterprises:

1. Domestic interest rates
2. Exchange rates
3. Interest rates of banks and finance companies
4. Singapore overnight rate average

MAS Financial Database

The fundamental arguments are compelling. The technical picture irresistable. Bulls have their say. Bears polish their claws.

One thing the candlesticks tell us: both sides are willing to stay on the sidelines until a clearer picture emerge.

Bank of Japen Monetary Policy Meeting Announcments can be found here.

Interest rate decisions affect currencies in a big way. The Bank of England or BOE is the central bank of the United Kingdom. Its interest rates decisions naturally reflect the Sterling. On April 10, 2008, the BOE reduced the official Bank Rate to 5.0% from 5.25%.

According to the Bank of England, “The Bank sets interest rates to keep inflation low, issues banknotes and works to maintain a stable financial system.”