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," ...
The Fed’s June statement and press conference failed to provide a catalyst for renewed USD gains and the currency has weakened in the aftermath of the meeting, notes BNP Paribas. "Market participants seemed to focus on the shift lower in the Fed’s projection for the Fed funds rate, with the average “dot” for end 2015 falling to 57bp from 77bp. In her press conference, Chair Yellen noted that the conditions for justifying policy tightening ...
Police in Greece
New Zealand's gross domestic product gained just 2.6 percent on year in the first quarter of 2015, Statistics New Zealand said on Thursday. More...
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