Eurozone leaders unanimously reached an agreement early Monday to start talks with Greece for a EUR 82-86 billion third bailout programme after hours of negotiations, empowering the country to battle a severe economic crisis and remain in the single currency bloc. more...
Trading the News: U.K. Consumer Price Index A further slowdown in the U.K. Consumer Price Index (CPI) may generate a near-term pullback in GBP/USD as it puts increased pressure on the Bank of England (BoE) to retain its current policy throughout 2015. What’s Expected: Why Is This Event Important: However, the stickiness in the core rate of inflation may limit the downside risk for ...
Trading the News: Bank of England (BoE) Interest Rate Decision The Bank of England (BoE) interest rate decision may offer little relief to recent decline in GBP/USD as the central bank is widely expected to retain its current policy in July, and the committee may continue to endorse a wait-and-see approach amid the growing threat of a Greek exit. What’s Expected: Why Is This Event Important: ...
Another 230K rise in U.S. Non-Farm Payrolls (NFP) along with a downtick in the jobless rate may heighten the appeal of the greenback and trigger a near-term sell-off in EUR/USD should the data put increased pressure on the Federal Open Market Committee (FOMC) to remove the zero-interest rate policy (ZIRP). What’s Expected: Why Is This Event Important: A further improvement in the labor market may boost ...
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 ...
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