AUD/USD After RBA Meeting
AUD/USD After RBA Meeting Policy rate as expected by RBA was raised by 50 bps to 1.85% last Tuesday. This is the fourth consecutive hike and steepest in almost 30 years. This helped a little to raise AUD/USD, which was down by almost 1% from the beginning of this week. This release leaves the pair […]
Swiss National Bank, CHF
Swiss National Bank, CHF A message from Swiss National Bank was sent to markets last week which was that it may take monetary policy measures at any time between regular assessment dates if circumstances require that. Last meeting of SNB on 16th June surprised markets and hiked interest rates by 50bps from record low of […]
Upcoming Market Updates: AUD, NZD, USD, NZD, AUD, CNY, CHF, GBP
Upcoming Market Updates: AUD, NZD, USD, NZD, AUD, CNY, CHF, GBP AUD: AIG Construction Index, it measures level of a diffusion index based on surveyed construction companies. NZD: Employment Change q/q, it measures change in the number of employed people. NZD: Unemployment Rate, it measures percentage of total work force that is unemployed and actively […]
The Reserve Bank of Australia (RBA) Monetary Policy Meeting
The Reserve Bank of Australia (RBA) Monetary Policy Meeting Australia dollar got strong yesterday and AUD/USD was trading at 0.7030 which was up 0.57% on the day. Reserve Bank of Australia is having a meeting today and it is expected that it will deliver an increase of 0.50%bp, which will bring the Cash rate to […]
Upcoming Market Updates: JPY, AUD, GBP, CHF, EUR, CAD, USD
Upcoming Market Updates: JPY, AUD, GBP, CHF, EUR, CAD, USD 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. AUD: Building Approvals m/m, it measures change in the number of new building approvals issued. JPY: 10-y Bond Auction, it measures […]
Upcoming Market Updates: JPY, AUD, EUR, CHF, GBP, CAD
Upcoming Market Updates: JPY, AUD, EUR, CHF, GBP, CAD JPY: Prelim Industrial Production m/m, It’s a leading indicator of economic health – production reacts quickly to ups and downs in the business cycle and is correlated with consumer conditions such as employment levels and earnings. JPY: Retail Sales y/y, It’s the primary gauge of consumer […]
The FOMC raised rates by 75 bps which was widely expected
The FOMC raised rates by 75 bps which was widely expected As widely expected, the Federal Open Market Committee raised the range of its target for the the federal funds rate by 75 bps, which brings the top end of the range to 2.50%. There was widespread support for another supersized rate increase-the FOMC raised […]
Upcoming Market Updates: NZD, AUD, EUR, USD
Upcoming Market Updates: NZD, AUD, EUR, USD NZD: ANZ Business Confidence, it measures level of a diffusion index based on surveyed manufacturers, builders, retailers, agricultural firms, and service providers. AUD: Import Prices q/q, it measures change in the price of goods purchased by importers. AUD: Retail Sales m/m, it measures change in the total value […]
AUD Second Quarter Increase | Xtreamforex
AUD Second Quarter Increase | Xtreamforex In the second quarter of 2022 Australian inflation data has increased to 6.1%, but below the agreed expectations relaxing the fear of a surprising 75bp rate increase when the RBA has a meeting next week. CPI rose by 1.8% Quarter On Quarter(QoQ) and 6.1% Year On Year(YoY). This was […]
Upcoming Market Updates : JPY, GBP, USD
Upcoming Market Updates : JPY, GBP, USD JPY: Monetary Policy Meeting Minutes, It’s a detailed record of the BOJ Policy Board’s meeting, providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates. JPY: SPPI y/y, It’s a leading indicator of consumer inflation – when corporations pay more for […]
This Weeks’s currency pair, EURUSD
This Weeks’s currency pair, EURUSD The ECB hike of last week is the highest hike in past 11 years which brought the interest rate from -0.50% to 0.00%. Further normalization of interest is appropriate, indicating that there will be another hike from ECM on their next meeting on 8th September. Another new program was introduced […]
EUR/USD – Euro US Dollar
EUR/USD – Euro US Dollar Last week the European currency showed a slight growth to a high of 1.0272. Reason behind this was the most banal corrective rebound of EUR/USD breaking the equality level of 1.0000, the bottom at 0.9951 on 14th of July, the resumption of Russian gas supplies to Europe and the most […]
Upcoming Market Updates : EUR, GBP
Upcoming Market Updates : EUR, GBP EUR: German info Business Climate, It’s a leading indicator of economic health – businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment. GBP: CBI Industrial Order Expectations, It’s a leading indicator of […]
European Central Bank Interest Rates
European Central Bank Interest Rates The European Central Bank also joined the global rate hike on yesterdays announcement, announcing a larger then expected 50 bps deposit rate increase, to 0.00%. The ECB said a further normalization of interest rates could be expected at upcoming meetings. ECB also approved the Transmission Protection Instrument, a tool aimed […]
Upcoming Market Updates : AUD, JPY, GBP, EUR, USD, CAD
Upcoming Market Updates : AUD, JPY, GBP, EUR, USD, CAD 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 […]
Signs of Disinflation Continue
Signs of Disinflation Continue There are some promising signs on the inflation data which is released today for UK and Canada. UK producers lower the prices to 1.8%, which is the disinflation in the third consecutive month. Core CPI also showed to 0.4$ m/m which is also its third straight month on disinflation. Canada’s producer […]
What we can expect from European Central Bank Meeting
What we can expect from European Central Bank Meeting Scarring affects from a pandemic, energy crisis, Italian politics, and unprecedented inflationary pressures, ECB has a very difficult job. We are definitely expecting a rate hike on Thursday, which will be the first since 2011. What will be the size of that hike, no one knows. […]
Upcoming Market Updates : AUD, CHF, GBP, EUR, USD
Upcoming Market Updates: AUD, CHF, GBP, EUR, USD Time 04:30 AM GMT+3 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 conditions that influenced their decision on where to set interest rates. Time 05:00 AM GMT+3 AUD: RBA Deputy Gov […]