On Wednesday August 9th at 21:00 hrs (GMT), the RBNZ will announce its interest rate decision. Thereafter, immediately after the announcement, the governor of the bank, Mr. Wheeler, will discuss the central bank’s decision in a news conference, during which he’ll outline the bank’s position and the overall management of the monetary policy which is […]
The week commencing Sunday August 6th is a relatively quiet week for high impact news events, however, traders need to maintain a high level of concentration during an extremely busy week for news releases. China releases a raft of data throughout the week, the stand out release is Wednesday’s CPI print and on Thursday the
With the USA close to what economists term “full employment” (the unemployment level is currently at 4.4%), “NFP day” has failed to create much activity in the forex markets, over recent months. However, with the U.S. dollar at recent lows versus its major peers and the current “risk on” mood of Wall Street, a significant
Tuesday’s high impact news events begin with the RBA (Reserve Bank of Australia) announcing their interest rate decision. Currently at 1.5% there is little expectation for a rise or cut, despite August representing the annual anniversary of the record low 1.5% rate. In the last monetary policy statement (accompanying the rate hold in July), the
The week ends with the infamous NFP jobs print. Which no longer provides the fireworks of previous years, given the relative stability of USA employment; many Fed officials consider unemployment at circa 5% to be relative “full employment”. However, the data release can still move markets, if a shock print is published. The ADP data
On Friday afternoon, attention will focus on two GDP figures from North America; both Canada’s and the USA’s latest GDP growth figures are published at GMT 12:30pm. The forecasts, from the various economists polled by Reuters and Bloomberg, predicts GDP growth in both countries. Canada’s growth is predicted to come in 0.2% for May, maintaining
USA and Canadian GDP figures may reveal where the wider North American economy is headed Read More »
On Monday the IMF published fresh data with its projections for 2017 global growth, it revised its prediction for the UK’s growth, down from 2% to 1.7%. It must be noted that the IMF are notoriously over optimistic with regards to international growth and that the UK’s Q1 official ONS growth figure came in at
Will the ECB maintain its zero rate policy, when it announces its rate setting decision on Thursday, or will Mario Draghi raise rates, from the floor they’ve been on since early 2016? Will the ECB also begin to taper further its asset purchase scheme, currently running at €60b per month? These questions will be answered
The upcoming French presidential election, what you need to know and how it may affect the euro and European markets. When The first round of the French presidential election takes place this Sunday, April 23rd, the second and final round two weeks later, on May 7th. Although technically a candidate could win by securing 50%
FXCC Explains The French Presidential Election Read More »
The U.S. currency kept its momentum to a 7th week gain when it rose above 120 yen on Thursday for its 1st time since 2007 July as economist in the U.S. estimated job growth has accelerated all the while Japan finds itself in a recession and the EU struggles on. The American dollar has climbed
Dollar on a seventh week rally Read More »
