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 […]
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 […]
Upcoming Market Updates: AUD, NZD, EUR, GBP, CAD, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: AUD, NZD, EUR, GBP, CAD, USD AUD: MI Inflation Gauge m/m, it measures Change in the price of goods and services purchased by consumers. NZD: ANZ Commodity Prices m/m, it measures Change in the global price of exported commodities. AUD: ANZ Job Advertisements m/m, it measures Change in the number […]
Powell’s Brooking November 2nd FOMC Press Conference
Powell’s Brooking November 2nd FOMC Press Conference In Fed Chairman Powell’s press conference after the FOMC meeting on 2nd November, he said that incoming data suggests that the ultimate level of rates will be higher than previously anticipated. In addition, he noted that, how high rates rise is more important than the pace of tightening. […]