At 19:00 pm GMT, on Wednesday December 13th, the FOMC will reveal its latest decision on the key interest rate for the USA. Currently at 1.25% the general consensus opinion, gathered from the economists polled by news agencies Reuters and Bloomberg, is that the key rate (upper bound) will rise to 1.5%. A third rise […]
At 13:30pm GMT on Wednesday 29th, the latest quarterly figure for annualized GDP in the USA, will be published. The last quarterly figure produced a growth figure of 3%, the consensus opinion, gathered from the economists polled by Reuters, suggests a rise to 3.2% for the latest QoQ annual growth. With investors in the USA
At 9:30am GMT, on Thursday November 23rd, the U.K. statistics agency the ONS will reveal both the latest monthly and yearly GDP figures for the U.K. economy. The forecast is for no change; 1.5% growth annually and 0.4% for quarter 3, matching the 0.4% reported for Q2. Whilst such figures are less alarming than many
On Wednesday November 22nd at 12:30pm GMT, the U.K. Chancellor will present his Budget to Parliament. It’s generally accepted that Philip Hammond botched his first budget last November, announcing a significant and surprise tax increase for the self-employed. He then immediately drew criticism from conservative supporters and his fellow M.P.s, who were both angered and
Can Philip Hammond, the U.K. chancellor, deliver a budget to calm Brexit nerves? Read More »
Tuesday morning is an incredibly busy session for high impact economic calendar releases. Before moving onto the key release of the day; Eurozone GDP, it’s essential that we quickly cover all the other releases which occur on, or before 10:00am GMT. Germany’s latest GDP figure is published, expected to come in at 2.3% YoY growth
The Eurozone GDP figure released on Tuesday, could direct ECB policy in 2018 Read More »
The September NFP (non-farm payroll) number was forecasted to be poor, due to the various hurricanes and tropical storms, which battered certain parts of the USA in September. Analysts and investors were therefore not shocked, when the number missed the forecast; coming in at -33k for the month. The first negative reading recorded since the
On Thursday November 2nd the U.K.’s Bank of England, through its monetary policy committee, will announce its decision regarding the base interest rate. Currently at 0.25%, the general consensus, from the economists polled by the leading news agencies Bloomberg and Reuters, is for a rise to 0.5%. Despite the potential rise representing the first increase
In their final meeting of 2017, which will conclude on Wednesday November 1st, the FOMC (the chairs of all the regional Feds), will end their meeting by announcing their decision regarding the key current interest rate for the USA. The announcement is generally followed by a press conference and/or a document, outlining the reasons why
Will the FOMC follow through on their commitment; to raise rates three times in 2017? Read More »
On Thursday October 26th, at 11:45 GMT, the Eurozone central bank, the ECB, will reveal its decision with regards to the single currency bloc’s interest rate. The current key borrowing rate is zero percent, with the deposit rate below zero, at -0.40%. These emergency rates are still a legacy of the recession the Eurozone found
There are two high impact, economic calendar news events, which traders need to monitor carefully on Wednesday October 25th. The first concerns the U.K., whose official statistics body the ONS, will be publishing the latest Q3 quarter’s GDP growth figure. The second involves Canada’s central bank, who will be revealing their interest rate decision. Both
