Trading the News: European Central Bank (ECB) Interest Rate Decision The European Central Bank (ECB) interest rate decision may fail to generate a meaningful market reaction as the Governing Council is widely anticipated to retain the zero-interest rate policy (ZIRP) in June, but the fresh batch of central bank rhetoric may drag on EUR/USD should President Mario Draghi and Co. keep the door open to implement more non-standard measures. What’s Expected: ...
Trading the News: U.S. Gross Domestic Product (GDP) An upward revision in the preliminary 1Q Gross Domestic Product (GDP) report may trigger near-term selloff in EUR/USD as signs of a stronger recovery provide the Federal Open Market Committee (FOMC) with greater scope to implement higher borrowing-costs. What’s Expected: Why Is This Event Important: With the U.S. economy approaching ‘full-employment,’ ...
Partly reflecting a jump in orders for commercial aircraft and parts, the Commerce Department released a report on Thursday showing that new orders for U.S. manufactured goods surged up by much more than expected in April. The Commerce Department said durable goods orders shot up by 3.4 percent. EUR/USD M5: 47 pips price movement by Durable Goods Orders news event: more...
Trading the News: U.S. Durable Goods Orders Another 0.5% expansion in orders for U.S. Durable Goods may heighten the appeal of the greenback and spur a near-term decline in EUR/USD as it puts increased pressure on the Federal Open Market Committee (FOMC) to further normalize monetary policy. What’s Expected: Why Is This Event Important:Even though Fed Chair Janet Yellen remains in no rush to implement higher ...
Trading the News: U.S. Consumer Price Index (CPI) What’s Expected: Even though Fed officials see scope for two rate-hikes in 2016, signs of a slower-than-expected recovery may push the Federal Open Market Committee (FOMC) to further delay the normalization cycle amid the external risks surrounding the real economy. However, stronger wage growth paired with the rebound in private-sector spending may boost consumer ...
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