Upcoming Market Updates: JPY, EUR, CHF, GBP, CAD, USD
Upcoming Market Updates: JPY, EUR, CHF, GBP, CAD, USD JPY: Average Cash Earnings y/y, it measures Change in the total value of employment income collected by workers. EUR: German Factory Orders m/m, it measures Change in the total value of new purchase orders placed with manufacturers. EUR: German Retail Sales m/m, it measures Change in […]
The Minutes from the December FOMC meeting
The Minutes from the December FOMC meeting The Minutes from the December FOMC meeting showed that Fed members observed that a slowing of interest rate increases would allow the central bank to assess the progress on inflation and employment. Recall that the FOMC slowed the pace of interest rates increase to 50bps from 75bps the […]
Upcoming Market Updates: JPY, EUR, GBP, USD, CAD
Upcoming Market Updates: JPY, EUR, GBP, USD, CAD JPY: Monetary Base y/y, it measures Change in the total quantity of domestic currency in circulation and current account deposits held at the BOJ. JPY: 10-y Bond Auction, it measures Average yield on 10-year bonds the government sold at auction, and the bid-to-cover ratio of the auction. […]
EUR/USD Slides to three week low
EUR/USD Slides to three week low The US dollar is showing strong gains against the majors yesterday, with the exception of the Japanese yen. EUR/USD has tumbled by 1.27% and is trading at 1.0528 in Europe. EUR/USD is sharply lower, despite a very light economic calendar. The only release of note is German CPI, which […]
Upcoming Market Updates: GBP, JPY, EUR, CHF, USD
Upcoming Market Updates: GBP, JPY, EUR, CHF, USD GBP: BRC Shop Price Index y/y, it measures Change in the price of goods purchased at BRC-member retail stores. JPY: Final Manufacturing PMI, it measures Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry. EUR: German Import Prices m/m, it measures Change […]
USD/JPY:- Christmas Week Recovery Rally May Soon Stall Out
USD/JPY:- Christmas Week Recovery Rally May Soon Stall Out Beginning of last week, forex traders were expecting to ease into the holidays with relatively low volatility trade until BOJ Governor Kuroda fired off big of a monetary policy decision, tweaking the central bank’s yield curve control program and effectively raising interest rates by 25bps. This […]
The Euro:- An Uncertain Path
The Euro:- An Uncertain Path Euro fell below parity with the USD in October. Since then, it has rebounded, but hasn’t returned to the levels at the start of the year. Naturally, the question is whether the pair will continue the trend higher, or turn around for another run at parity. And what does this […]
Japanese Yen Steady Ahead of CPI
Japanese Yen Steady Ahead of CPI The Japanese yen has edged higher on Thursday. In the European session, USD/JPY is trading at 132.09, down 0.27%. The dust has settled after Tuesday’s dramatic events, when the yen shot up 3.7%. This followed the Bank of Japan’s shocking announcement that it would widen its yield curve control […]
Canada:- Inflation Tiptoes in the Right Direction in November
Canada:- Inflation Tiptoes in the Right Direction in November Consumer price inflation took a small step down in November, to 6.8% YoY, after holding steady at 6.9% through September and October. Canadians got some relief at the pumps in November, with prices down 3.6% m/m, after prices surged 9.2% in October. However, gasoline prices are […]
Upcoming Market Updates: AUD, NZD, EUR, GBP, CAD, CHF, CNY, USD
Upcoming Market Updates: AUD, NZD, EUR, GBP, CAD, CHF, CNY, USD AUD: MI Leading Index m/m, it measures Change in the level of a composite index based on 9 economic indicators. NZD: Credit Card Spending y/y, it measures Change in total spending facilitated with a credit card. EUR: German GfK Consumer Climate, it measures Level […]
RBA Board Considered Stop in December
RBA Board Considered Stop in December The Reserve Bank Board considered three options in its deliberations at the December Board meeting. The options were: 50 basis point increase in the cash rate; 25 basis point increase; or no increase. This contrasts with recent meetings when only the 50 basis point and 25 basis point options […]
Upcoming Market Updates: NZD, AUD, CHF, EUR, CAD, USD
Upcoming Market Updates: NZD, AUD, CHF, EUR, CAD, USD NZD: ANZ Business Confidence, it measures Level of a diffusion index based on surveyed manufacturers, builders, retailers, agricultural firms, and service providers. AUD: Monetary Policy Meeting Minutes, It’s a detailed record of the RBA Reserve Bank Board’s most recent meeting, providing in-depth insights into the economic […]
Bank Of Japan Could keep same Policy
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] 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 […]
Upcoming Market Updates: AUD, GBP, JPY, EUR, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: AUD, GBP, JPY, EUR, USD AUD: Flash Manufacturing PMI, it measures Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry. AUD: Flash Services PMI, it measures Level of a diffusion index based on surveyed purchasing managers in the services industry. GBP: GfK Consumer Confidence, it […]
USD/CHF Could Extend Losses
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 […]
Upcoming Market Updates: JPY, AUD, EUR, CHF, GBP, CAD, USD, NZD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: JPY, AUD, EUR, CHF, GBP, CAD, USD, NZD JPY: Trade Balance, it measures Difference in value between imported and exported goods during the reported month. AUD: MI Inflation Expectations, it measures Percentage that consumers expect the price of goods and services to change during the next 12 months. AUD: Employment […]
Bank of England’s Monetary Policy Committee Preview
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 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 […]