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3 Main Themes To Watch In Next Week FOMC - BofA Merrill First, there is a likely to still be a sense of caution hanging over the meeting, helping to justify why the Fed did not hike. The sharp tightening of financial conditions has started to ease and market nervousness over the global growth backdrop has abated, but we expect the FOMC statement will continue to state that the Committee is still closely monitoring global developments and ...
Forex Weekly Outlook Feb 29-Mar 4 Rate decision in Australia, GDP data from Canada and Australia, Manufacturing PMI and Trade balance in the US as well as important employment data, including the monthly US jobs report. These are the highlights for this week. Australian rate decision: Tuesday 3:30. Economists still believe the RBA will cut rates in the coming months.Canadian GDP data: Tuesday, 13:30. Canadian GDP is ...
Monthly price is on breakdown with possible bearish reversal: the price is breaking Ichimoku cloud on open monthly bar together with descending triangle pattern for the breakdown to be continuing with the possible reversal of the price movement from the primary bullish to the primary bearish market condition. The price is ranging within the following key support/resistance lines: 195.86 key resistance level located above Ichimoku cloud in the the bullish area of ...
Next Week's February NFP by BofA Merrill "In the February employment report, we anticipate a pick-up in the pace of nonfarm payroll growth to 175,000, with government payrolls accounting for 5,000.""We look for the unemployment to hold steady at 4.9%. It will be interesting to see if the labor force participation rate continues to increase, following the uptrend over the prior four months. If so, this could reflect some discouraged ...
Week Ahead: High volatility, limited GBP downside, the JPY lower, and more What we’re watching: USD – Next week’s PCE data will be key. Only a considerably weaker than expected outcome may lower rate expectations further. GBP – Growth data should become a more important currency driver anew. Hence next week’s GDP data will be closely watched. We see limited GBP downside risk from the current levels. ...
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