With all the "talk" of diverging paths of monetary policy... one could be forgiven, if glancing at the chart above, for thinking the inevitable endgame of Keynesianism is very much at hand as first The BoJ, then The Fed, then Europe all enter ZIRP... and now NIRP... the source
Trading the News: U. of Michigan Confidence Another uptick in the U. of Michigan Confidence survey may spur a further decline in the EUR/USD amid growing speculation for a Fed rate hike in mid-2015. What’s Expected: Why Is This Event Important: Positive data prints coming out of the U.S economy should continue to fuel interest rate expectations and heighten the bullish sentiment surrounding the greenback ...
2014-10-29 18:00 GMT (or 19:00 MQ MT5 time) | [USD - Federal Funds Rate] past data is 0.25%forecast data is 0.25%actual data is 0.25% according to the latest press release if actual > forecast (or actual data) = good for currency (for USD in our case) [USD - Federal Funds Rate] = Interest rate at which depository institutions lend balances held at the Federal Reserve to other depository institutions overnight. Short term interest rates are the ...
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