Economic News Category

Bank Of Japan Could keep same Policy The Bank of Japan kept the same outlier as compared to the other major central banks which have been raising interest rates at a fast pace throughout this year in a synchronized attempt to bring the inflation down. This resulted in a down yen and fording Japanese authorities

USD/CHF Could Extend Losses USD/CHF declined below the 0.9400 and 0.9350 support levels. A major bearish trend line is forming with resistance near 0.9320 on the 4-hours chart. The Fed increased interest rate by 0.50 percentage point. The BoE interest rate decision is scheduled today. The USD started a fresh decline from well above the

Bank of England’s Monetary Policy Committee Preview The Bank of England’s Monetary Policy Committee will meet tomorrow to decide on interest rates. The MPC meeting will be sandwiched between FOMC rate decision that will have taken place today, and the ECB rate decision that would follow an hour and a bit later. The GBP/USD, EUR/GBP

The Federal Reserve’s Open Market Committee Preview The Federal Reserve’s Open Market Committee will complete its two-day meeting tomorrow. The committee will release its monetary policy statement and Summary of Economic Projections at 2:00pm ET, with Fed Chairman Jerome Powell’s press conference starting 30mins later at 2:30pm ET. Most traders expect the central bank to

US CPI Preview: CPI To Remain Elevated On Tuesday, December 13th , the US will release its CPI reading for November. Expectations are for the headline print to come in at 7.6% YoY after a surprisingly lower than expected October print of 7.7% YoY. If the print is in-line with expectations, it would be the