As widely predicted, the ECB announced on Thursday that the key interest rate would remain at 0.00%, with the deposit rate remaining locked in NIRP territory, at -0.4%. During the President of the ECB (Mario Draghi’s) press conference, he outlined how the central bank would continue to provide monetary stimulus, through subsidised investment bank lending, […]
On Friday March 8th, at 13:30pm U.K. time, one of the main American statistics agency, the BLS (Bureau Of Labor Statistics), will publish its latest data concerning jobs numbers. Referred to as the NFP data, non farm payroll numbers, this metric is one of the most closely watched data series on the economic calendar, pertaining
The latest NFP jobs number, is expected to fall back dramatically, from January’s figure Read More »
Australia’s trade surplus surged to $4.55 billion in January 2019, from an upwardly revised $3.77 billion registered in the previous month of December 2018. Beating the market forecast of a surplus of $3 billion, whilst printing the largest trade surplus in Australian history. Exports leapt by 5% MOM, to print a record all-time high of
As widely expected, the BOC, Canada’s central bank, announced on Wednesday afternoon, that they’d held the key interest rate at 1.75%. Maintaining their highest rate since 2008. The BOC stated there was “increased uncertainty” around future rate hikes, as it held the interest rates steady, diverting from the previous strategy; to engage in rate rises
At 12:45pm U.K. time, on Thursday March 7th, the Eurozone central bank, the ECB, will announce its latest interest rate decision. The widely held consensus is for the current key rate to be maintained at 0.00%, where it’s remained since July 2016, with the deposit rate held at -0.40%. After holding the rate steady in
The latest GDP growth figures for the Australian economy, missed the news agency forecasts, causing a sudden sell off in the Aussie dollar versus its peers, during the Sydney and Asian trading sessions. Reuters had forecast a 0.5% rise for Q4 2018, the figure came in at 0.2%, whilst annually the year on year growth
With all the geo political tensions taking centre stage over recent days and weeks, FX traders could be forgiven for taking their collective eyes off the ball, in relation to the economic calendar. The issues for the USA concerning: the North Korea summit ending in failure, the China-USA trade talks fading and Trump’s personal lawyer
At 15:00pm U.K. time on Wednesday March 6th, Canada’s central bank, the BOC, will announce its decision regarding its latest interest rate decision. The current interest rate for the globe’s eleventh largest economy is 1.75%, a level which has been maintained since the BOC wrong footed analysts and FX traders in October 2018, as they
During the Asian session, the Chinese authorities at the annual Chinese National People’s Congress, announced a fall in the projected rate of annual GDP growth, from 6.5% to 6.0%, the lowest growth rate projected since 1990. The Chinese government announced a massive fiscal stimulus to counter the pressures, including: lowering corporate tax rates, reducing VAT
The main equity indices in America sold off, during the mid point of the New York trading session, as investors appeared to suddenly take cover, due to the progress regarding the ongoing trade agreement talks between China and the USA, apparently stalling. The inference appeared to suggest that the previous market optimism has been overdone,
