Trading the News: Federal Open Market Committee (FOMC) Federal Funds Rate Decision Even though the Federal Open Market Committee (FOMC) is widely expected to retain its current policy in March, the updated forecasts for growth, inflation and the interest rate may instill a bullish outlook for the U.S. dollar should the central bank stay on course to implement higher borrowing-costs in 2016. What’s Expected: ...
John Lennon's first known letter is set to hit the auction block. The letter was penned by Lennon in 1951 when he was 11 and it was sent to his aunt. In the letter he thanks his aunt for a Christmas present which included a monogrammed towel and book about ships. While the letter is expected to take in more...
The euro shouldn’t be kicking around U.S. companies’ earnings any more. It caught fire on Thursday, jumping 1.8% against the dollar after the European Central Bank announced a fresh round of stimulus measures while playing down the potential for more rate cuts. That caught traders who had forecast a widening divergence between ECB and Federal Reserve policies off guard, making for a violent swing. ...
Trading the News: U.K. Jobless Claims Change Another 9.1K decline in U.K. Jobless Claims paired with signs of stronger wage growth may heighten the appeal of the British Pound and spur a near-term advance in GBP/USD as it puts increased pressure on the Bank of England (BoE) to normalize monetary policy sooner rather than later. What’s Expected: Even though the EU referendum clouds the economic outlook for the ...
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