Trading the News: European Central Bank (ECB) Interest Rate Decision Even though the European Central Bank (ECB) is widely expected to retain its current policy in September, the fresh updates coming out of the Governing Council may trigger a selloff in EUR/USD should the committee show a greater willingness to expand/extend its quantitative easing (QE) program. What’s Expected: Why Is This Event Important ...
Trading the News: U.S. Gross Domestic Product (GDP) What’s Expected: Why Is This Event Important: The Fed may stay on course to normalize monetary policy in 2015 as the central bank still anticipates a stronger recovery to materialize over the coming months, and data prints encouraging an improved outlook for growth & inflation may spur a greater dissent within the committee as the economy gets on a ...
Trading the News: U.S. Consumer Price Index (CPI) A meaningful pickup in the U.S. Consumer Price Index (CPI) may boost the appeal of the greenback and spur fresh monthly lows in EUR/USD as it fuels speculation for a Fed rate hike in 2015. What’s Expected: Why Is This Event Important: Signs of stronger price growth may encourage the Fed to adopt a more hawkish tone for monetary policy, and we may ...
FED, ECB, Greece: "The Greek Referendum will drive headlines for the near-term. We believe that divergence of monetary policies is a more powerful EUR driver than Greek risks. In this context, the timing of the first Fed rate hike (September is our call) and the ECB’s tone (the market misread the ECB’s message to get used to volatility) are more important for the euro than Greek headlines. Whilst Greek headlines and deadlines are clearly ...
"Despite a dovish market reaction to this week’s FOMC statement, the Fed’s message remains focused on data dependency, and our economists continue to believe that conditions will be met for policy tightening to start in September. Accordingly, markets should remain focused on upcoming US economic releases. In the week ahead, a rebound in May core durable goods orders would be encouraging after a downward revision to April data, while the personal income and spending report should ...
Recent Comments