A Pyrrhic victory is a victory that inflicts such a devastating toll on the victor, it’s tantamount to suffering an actual defeat. Someone who obtains a Pyrrhic victory has been victorious, although the heavy toll negates any true sense of achievement, or profit. Whilst not (by definition) a Pyrrhic victory, Angela Merkel, the current and […]
Japan publishes a vast amount of economic data on Thursday evening and Friday morning, which should be closely monitored by traders who specialise in (or who favour) trading yen. In terms of its safe haven appeal to position traders, or as a major currency pair versus the U.S. dollar, the Asian currency can react to
In January 2017, the Fed chairperson Janet Yellen, delivered a fairly hawkish statement, indicating that the Fed would raise the key interest rate three times during the year, if both herself and her committee, felt the USA economy was robust enough to cope with the rises. True to her commitment, the rate was duly raised
Undoubtedly, the key economic calendar event for the coming week, is the FOMC decision on interest rates, which will be revealed on Wednesday. Currently at 1.25%, the FOMC/Fed rate has increased twice in 2017 and the FOMC did suggest earlier in the year, with the usual caveats and sophist language allowing adequate room to grow
On Thursday morning, the UK’s central bank the Bank of England, via its MPC (monetary policy committee), will reveal its latest decision regarding interest rates. On Tuesday the UK’s official statistics body, the ONS, announced that the (CPI) annual inflation figure for the U.K. came in at 2.9%, missing the forecast. The monthly figure for
In our industry it always pays to expect the unexpected and to be aware how fundamental news drives our FX markets. A perfect illustration of the phenomena of calendar news moving markets, came our way on Wednesday, as Canada’s central bank raised the interest rate by 0.25%, causing a spike in the value of the
On Tuesday morning at 04:30am (GMT) September 5th, a highly significant, economic calendar event takes place; Australia’s central bank the RBA (Reserve Bank of Australia), will be revealing its decision regarding its main interest rate, which is currently 1.5%. Several Australian based economists and analysts are calling for the rate to be lowered, suggesting various
Australia’s GDP and the RBA’s interest rate decision will be carefully monitored this week, as will the Swiss GDP number. Various PMIs for: Europe, the Eurozone, Japan, China and the USA will provide leading indicators of where many sectors are headed. The bank of Canada’s interest rate decision and the unemployment rate in the country
Friday September 1st witnesses the latest report from the BLS (Bureau Of Labour Statistics) concerning the NFP data (non Farm payroll). For the uninitiated amongst us, this data release, generally published on the last Friday of the month, reveals how many jobs the USA economy has officially created during the month in which the report
Non Farm Payrolls; is the USA’s recent positive employment data likely to continue? Read More »
It’s a busy week for high impact, economic calendar events, with the main focus on the USA. The week ends with the NFP data. A fall in the job creation numbers is expected, as the USA now begins to reach what’s being (theoretically) termed “full employment”; the unemployment rate fell back to its sixteen year
