Trading the News: U.K. Gross Domestic Product (GDP) An upward revision in the U.K. 1Q Gross Domestic Product (GDP) report 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: Why Is This Event Important: Signs of a stronger recovery ...
Greece and its creditors are holding crucial talks in Brussels on Wednesday to reach an agreement over new reform proposals to be presented for approval at a meeting of Eurozone finance ministers later in the day that could unlock financial aid for the country and help it avoid a default and an eventual exit from the euro. More...
Trading the News: U.S. Gross Domestic Product (GDP) Another upward revision to the 1Q U.S. Gross Domestic Product (GDP) report may boost the greenback’s appeal and spark a larger decline in EUR/USD as it fuels speculation for the Federal Open Market Committee (FOMC) to remove the zero-interest rate policy (ZIRP) at the September meeting. What’s Expected: Why Is This Event Important: Even though ...
Trading the News: U.S. Durable Goods Orders Another 1.0% contract in demand U.S. Durable Goods may dampen the appeal of the greenback and generate a near-term advance in EUR/USD as ongoing slack in the real economy raises the risk for a further delay in the Fed’s liftoff. What’s Expected: Why Is This Event Important: Fears of a slower recovery may encourage a growing number of Fed officials to ...
The World Bank downgraded its global growth outlook, as developing countries face tough transition with high borrowing costs and lower commodity prices in 2015. The organization also urged the Federal Reserve to hold off raising rates until the next year, citing the risks it may pose to emerging markets. "Developing countries were an engine of global growth following the financial crisis, but now they face a more difficult economic environment," ...
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