FOMC Meeting, Expected Hike 75bps
FOMC Meeting, Expected Hike 75bps The FOMC will conclude it’s monetary policy today. The expectation is that traders are pricing in nearly 90% odds of a 75bps interest rate hike, an expectation that was supported by the Wall Street Journal’s. Traders are currently pricing in a peak Fed Funds rate around 4.9% in May 2023, […]
Upcoming Market Updates: NZD, CAD, JPY, GBP, AUD, EUR, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: NZD, CAD, JPY, GBP, AUD, EUR, USD NZD: RBNZ Gov Orr Speaks, As head of the central bank, which controls short term interest rates, he has more influence over the nation’s currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle […]
Euro area annual inflation up to 10.7% – European Union
Euro area annual inflation up to 10.7% – European Union Eurostat’s preliminary estimate indicated an acceleration of annual inflation in the euro region from 9.9% immediately to 10.7%. Economists are expecting no change, and the difference of 0.8 points is one of the most prominent indicators economists predict quite accurately on average. But it’s not […]
Upcoming Market Updates: JPY, AUD, EUR, GBP, CHF, CAD, NZD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: JPY, AUD, EUR, GBP, CHF, CAD, NZD JPY: Final Manufacturing PMI, it measures Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry. AUD: Cash Rate, it measures Interest rate charged on overnight loans between financial intermediaries. AUD: RBA Rate Statement, It’s among the primary tools […]
Upcoming Market Updates: JPY, AUD, CHF, EUR, GBP, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: JPY, AUD, CHF, EUR, GBP, USD JPY: Prelim Industrial Production m/m, it measures Change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities. JPY: Retail Sales y/y, it measures Change in the total value of sales at the retail level. AUD: MI Inflation Gauge m/m, it […]
Upcoming Market Updates: JPY, AUD, EUR, CHF, CAD, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: JPY, AUD, EUR, CHF, CAD, USD JPY: Tokyo Core CPI y/y, it measures Change in the price of goods and services purchased by consumers in Tokyo, excluding fresh food. JPY: Unemployment Rate, it measures Percentage of the total work force that is unemployed and actively seeking employment during the previous […]
EUR USD | Euro US Dollar News
EUR USD | Euro US Dollar News EUR/USD continues to power forward and has breached the parity line for the first time since 20th September. The euro is red hot, having gained 2.1% this week, as the USD has hit a dump in the road and is lower against all major currencies. In the North […]
The Contrarian Case for a EUR/USD Rally if Rates Can Break Above
The Contrarian Case for a EUR/USD Rally if Rates Can Break Above It’s not particularly hard to make a bearish case for the European economy, especially relative to the US. Between a war in it’s backyard, energy shortages, and an imminent economic recession, it would be hard for the outlook for the Eurozone to look […]
NZ CPI Review: OCR Now Expected to Peak at 5%
NZ CPI Review: OCR Now Expected to Peak at 5% It is expected that the official Cash Rate to reach a peak of 5% for this cycle and also a 75 basis point hike to 4.25% at the upcoming November Monetary Policy Statement, a step up from the 50 basis point increases in the last […]
Upcoming Market Updates: NZD, AUD, EUR, CAD, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: NZD, AUD, EUR, CAD, USD NZD: CPI q/q, it measures Change in the price of goods and services purchased by consumer. AUD: RBA Deputy Gov Bullock Speaks, She’s responsible for advising Reserve Bank Board members – who decide where to set the nation’s key interest rates – on matters relating […]
EUR/USD displays a rangebound structure around 0.9700 ahead of US Inflation
EUR/USD displays a rangebound structure around 0.9700 ahead of US Inflation EUR/USD moved sideways along the 0.9700 horizon as markets waited for the release of US inflation data last week. October 14th the Department of Labor Statistics of the country published fresh values of the Consumer Price Index, which exceeded the forecast values. In monthly […]
Upcoming Market Updates: NZD, JPY, EUR, GBP, CAD, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text][vc_row][vc_column width=”1/1″][vc_column_text] Upcoming Market Updates: NZD, JPY, EUR, GBP, CAD, USD NZD: Business NZ Manufacturing Index, it measures Level of a diffusion index based on surveyed manufacturers. JPY: M2 Money Stock y/y, it measures Change in the total quantity of domestic currency in circulation and deposited in banks. EUR: German WPI m/m, it measures […]
FOMC Minutes show Fed is serious about inflation
FOMC Minutes show Fed is serious about inflation The September 21st FOMC meeting chose to hike the Fed Funds rate by 75bps for the third consecutive meeting to bring the key rate to 3%-3.25%. The Minutes from that meeting noted that the cost of doing too little outweighed the cost of doing too much. They […]
Upcoming Market Updates: NZD, AUD, JPY, GBP, EUR, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: NZD, AUD, JPY, GBP, EUR, USD NZD: Visitor Arrivals m/m, it measures Change in the number of short-term overseas visitors who arrived in the country. AUD: RBA Assist Gov Ellis Speaks, She’s responsible for advising Reserve Bank Board members – who decide where to set the nation’s key interest rates […]
Upcoming Market Updates: GBP, AUD, JPY, GBP, EUR, USD, CHF
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: GBP, AUD, JPY, GBP, EUR, USD, CHF GBP: BRC Retail Sales Monitor y/y, it measures Change in the value of same-store sales at the retail level. AUD: Westpac Consumer Sentiment, it measures Change in the level of a diffusion index based on surveyed consumers. JPY: Current Account, it measures Difference […]
EUR/USD trades below 0.9535 as US dollar recovers
EUR/USD trades below 0.9535 as US dollar recovers EUR/USD updated another 20 years low last month, lowest at 0.9535. This was followed by a correction, and the pair came close to the equality level on Tuesday, October 04, rising to 0.9999. However, the happiness of the bulls was short, followed by another reversal to the […]
Upcoming Market Updates: USD, JPY, AUD, CHF, EUR, GBP, CHF, CAD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: USD, JPY, AUD, CHF, EUR, GBP, CHF, CAD USD: FOMC Member Waller Speaks, Federal Reserve FOMC members vote on where to set the nation’s key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy. USD: FOMC Member Mister Speaks, Federal Reserve FOMC […]
Upcoming Market Updates: AUD, NZD, EUR, GBP, USD, CAD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: AUD, NZD, EUR, GBP, USD, CAD AUD: AIG Construction Index, it measures Level of a diffusion index based on surveyed construction companies. NZD: ANZ Commodity Prices m/m, it measures Change in the global price of exported commodities. AUD: Trade Balance, it measures Difference in value between imported and exported goods […]