The Bank Of England Preview
The Bank Of England Preview The Bank of England has a decision to make tomorrow. It is not “to hike or not to hie”. It is to hike by 25 or 50bps, that’s the question. As well as the rate decision itself, the BoE’s comments on the economic outlook and future tightening, as well as […]
Currency Pair of the Week: EUR/USD
Currency Pair of the Week: EUR/USD The pair started on a positive note thanks for Spain’s Harmonized CPI, which came in at +5.8 YoY vs 4.7% YoY expected and +5.5% YoY last. Today, Markets will get a look at CPI from France and Germany, ahead of the Eurozone January Preliminary CPI tomorrow. Expectations are for […]
Australian Dollar Bright Start in 2023
Australian Dollar Bright Start in 2023 The Australia dollar has started 2023 strongly, rising above 70 cents to highs since August. A softer USD and improved China sentiment have been key. This week’s highlights include Australia’s jobs data, the Bank of Japan decision and US retail sales. The SUD has risen about 1.6 cents or […]
Decent US Data ahead of Payrolls | Xtreamforex
Decent US Data ahead of Payrolls | Xtreamforex Today brings this week’s most important data releases both from the Euro area and the US. In Euro area, flash inflation print for December will be released. Individual country data released thus far suggest that while headline inflation probably continued to decline in December, underlying price pressures […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
US CPI Preview: CPI To Remain Elevated
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 […]
Bank Of Canada’s hikes interest rate 50 basis points
Bank Of Canada’s hikes interest rate 50 basis points BoC hikes by 50 bps to 4.25%, bringing cumulative tightening to 400 bps this year. Slightly hawkish surprise, consensus was split between 25 and 50 bps. Soft tightening bias opens the door to a January pause. The BoC lifted its overnight rate by 50 bps […]
The Australian Q3 GDP Economy | Xtreamforex
The Australian Q3 GDP Economy | Xtreamforex Australian economy expands by 0.6%, a little softer than expected. The impacts of high inflation and higher interest rates are becoming apparent – notably, the real estate sector on lower turnover subtracted 0.2ppts from activity in the period. The Australian economy expanded by 0.6% in the September quarter. […]
Gold Falls Victim to Strong US Data
Gold Falls Victim to Strong US Data Gold has sold off thanks to a rebound in US dollar and bond yields. The fact that the yellow metal has turned lower from a key level makes today’s reversal eye-catching as the chart suggests that at least a temporary top may be in for now. Gold fell […]
Consensus is for the RBA to hike by 25bp tomorrow
Consensus is for the RBA to hike by 25bp tomorrow What has happened since the last RBA meeting:- 10th November: Australia’s Central Bank says nearer to point when it can wait on rates. CPI fell to 6.9% y/y, down from 7.4% and beneath the 7.5% – suggesting inflation has peaked. Governor Lowe reiterated his belief […]