Bank Of Canada Hike Rate by 75 BPS
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Bank Of Canada Hike Rate by 75 BPS The Bank of Canada interest rate decision meeting will be held on Wednesday, October 26th. BOC Governor Macklem will follow with a press conference beginning at 11:00 ET. BOC hiked rates by 75bps at their last meeting in September. This was the fifth consecutive rate […]
Upcoming Market Updates: JPY, EUR, GBP, USD
Upcoming Market Updates: JPY, EUR, GBP, USD JPY: BOJ Core CPI y/y, it measures Change in the price of goods and services purchased by consumers, excluding food and energy. EUR: German ifo Business Climate, it measures Level of a composite index based on surveyed manufacturers, builders, wholesalers, services, and retailers. GBP: MPC Member Pill Speaks, […]
Upcoming Market Updates: AUD, JPY, EUR, GBP, USD
Upcoming Market Updates: AUD, JPY, EUR, GBP, 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. AUD: RBA Assist Gov Kent Speaks, He’s […]
Canadian Inflation Higher than Expected
Canadian Inflation Higher than Expected Canadian CPI for September was 6.9% YoY vs and expectation of 6.8% YoY and an August reading of 7%. The headline number was higher than expectations, it was the third straight month the inflation reading has declined since reaching a 39 year high in June. However, the core CPI increased […]
Upcoming Market Updates: USD, JPY, AUD, CHF, EUR
Upcoming Market Updates: USD, JPY, AUD, CHF, EUR USD: FOMC Member Bullard 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. JPY: Trade Balance, Export demand and currency demand are directly linked because foreigners […]
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 […]
Upcoming Market Updates: AUD, GBP, CAD, USD
[vc_row full_width=”stretch_row” el_id=”extra_class”][vc_column][vc_column_text] Upcoming Market Updates: AUD, GBP, CAD, USD AUD: MI Leading Index m/m, it measures Change in the level of a composite index based on 9 economic indicators. GBP: CPI y/y, it measures Change in the price of goods and services purchased by consumers. GBP: Core CPI y/y, it measures Change in the […]
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, GBP, JPY, USD, CAD, EUR
Upcoming Market Updates: NZD, GBP, JPY, USD, CAD, EUR NZD: Business NZ Manufacturing Index, it measures Level of a diffusion index based on surveyed purchasing managers in the services industry. GBP: Rightmove HPI m/m, it measures Change in the asking price of homes for sale. JPY: Revised Industrial Production m/m, it measures Change in the […]
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, USD, GBP, JPY, AUD, EUR, CHF, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: NZD, USD, GBP, JPY, AUD, EUR, CHF, USD NZD: FPI m/m, it measures Change in the price of food and food services purchased by households. USD: FOMC Member Bowman Speaks, Federal Reserve FOMC members vote on where to set the nation’s key interest rates and their public engagements are often […]
AUD/USD falls to new 18-month low
AUD/USD falls to new 18-month low AUD/USD continues to lose ground and can’t find its footing. The Aussie started the week on the wrong foot, with a decline of 1.0% on Monday. AUD/USD is trading at 0.6266 down 0.52%. Earlier the day, the Australian dollar fell to 0.6247, its lowest level since April 2020. Australia […]
Currency Pair of the Week: GBP/USD
Currency Pair of the Week: GBP/USD GBP/USD is one of the most popular pairs to discuss over the last month. When Chancellor Kwasi Kwarteng announced the plans for Prime Minister Truss’s new mini-budget program, markets were concerned as to where the money would come to fund it. The Bank of England had been slowly raising […]
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 […]
Upcoming Market Updates: AUD, EUR, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: AUD, EUR, USD AUD: AIG Services Index, it measures Level of a diffusion index based on surveyed service-based companies. EUR: Sentix Investor Confidence, it measures Level of a diffusion index based on surveyed investors and analysts. USD: FOMC Member Brainard Speaks, Federal Reserve FOMC members vote on where to set […]
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 […]