Trading the News: U.S. ISM Non-Manufacturing A rebound in the U.S ISM Non-Manufacturing survey may fuel the near-term strength in the greenback and spark a selloff in EUR/USD should the report boost expectations for a 2016 Fed rate-hike. Why Is This Event Important: It seems as the Federal Open Market Committee (FOMC) is taking a similar path to 2015 as a growing number of officials endorse higher borrowing-costs, and the central bank may continue to ...
New Zealand posted a merchandise trade deficit of NZ$1.265 billion in August, Statistics New Zealand said on Monday - representing 37 percent of exports. more...
Trading the News: Canada Consumer Price Index (CPI) Despite forecasts for a uptick in Canada’s Consumer Price Index (CPI), a marked slowdown in the core rate of inflation may drag on the loonie and spur a near-term rebound in USD/CAD as it puts pressure on the Bank of Canada (BoC) to further support the real economy. What’s Expected: Why Is This Event Important: Easing price pressures may push ...
The unemployment record in Australia came in at a seasonally adjusted 5.6 percent in August, the Australian Bureau of Statistics said on Thursday. more...
Trading the News: Bank of England Interest Rate Decision The Bank of England (BoE) interest rate decision may trigger a short-squeeze in British Pound and generate a relief rally in GBP/USD should the central bank talk down bets for an imminent rate-cut. What’s Expected: Why Is This Event Important: Even though the Monetary Policy Committee (MPC) warns ‘a majority of members expect to support ...
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