Forex Market Commentaries From FXCC – Daily Commentaries on the biggest stories from the world of Forex Trading & Currency Exchange.
Fears over the strength of the Japanese economy and doubts regarding its ability to weather the storm caused by China’s economy slipping, reappeared during the Asian session, as the latest machine tool orders fell sharply, whilst missing the forecast by some distance. In the month of February (YoY), the orders figure fell by -29.3%, after […]
At 9:30am U.K. time on Tuesday March 12th, the official U.K. statistics agency, the ONS, will reveal the latest data regarding U.K. GDP growth. The forecast from the Reuters news agency, after they’ve polled their panel of leading economists, is for the monthly GDP figure for the final quarter of 2018 to come in at
The trading week ending March 8th, finished with a shock statistic; the latest NFP jobs data for February (from the USA’s BLS), revealed that only 20,000 jobs were created during the month. The main USA equity indices sold off on the news, capping a week of losses, with all sessions, from Monday to Friday, closing
China’s authorities published desperately poor: import, export and trade balance data during the Asian trading session, leading to a significant sell off in Chinese equity markets and a rush into yen, as a safe haven option. China’s exports fell by -20.7% year on year up to February, imports fell by -5.20%, whilst the trade balance
China’s poor trade figures sends shockwaves through equity and currency markets Read More »
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
