Global growth will be driven this year by a rebound in advanced economies that benefit from lower oil prices, while the economic situation will remain sluggish in the emerging market and developing economies, the International Monetary Fund said in a repor. In its twice-yearly World Economic Outlook, the IMF retained the world growth forecast for this year at 3.5 percent. The lender raised the growth forecast for next year to 3.8 percent ...
Trading the News: U.K. Jobless Claims Change Another 30.0K decline in U.K. Jobless Claims paired with a hawkish Bank of England (BoE) Minutes may spark a near-term rebound in GBP/USD should the fundamental developments boost interest rate expectations. What’s Expected: Why Is This Event Important: At the same time, Average Weekly Earnings are projected to increase an annualized 2.2% after climbing 2.1% ...
- Canada Employment to Contract for Third Time in Last Six-Months. - Jobless Rate to Pick-Up From Lowest Level Since 2008. Trading the News: Canada Net Change in Employment A 5.0K contraction in Canada Employment paired with an uptick in the jobless may drag on the loonie and produce fresh 2015-highs in USD/CAD as it fuels speculation for a further reduction in the Bank of Canada’s (BoC) benchmark interest rate. What’s Expected: ...
A rebound in U.S. Retail Sales may heighten the bullish sentiment surrounding the greenback and spur a further decline in EUR/USD as it fuels speculation for higher borrowing-costs in the world’s largest economy. What’s Expected: Why Is This Event Important: The Fed may stay on course to normalize monetary policy in mid-2015 as the central bank anticipates lower energy prices to boost private-sector consumption ...
- U.S. 4Q GDP to Expand 2.0%- Slowest Pace of Growth Since the Contraction in 1Q 2014. - Personal Consumption to Grow 4.3% - Fastest Pace of Growt5h Since 1Q 2006. Trading the News: U.S. Gross Domestic Product (GDP) A marked downward revision in the U.S. growth rate may generate a short-term rebound in EUR/USD should the preliminary 4Q Gross Domestic Product (GDP) report dampen bets for a mid-2015 Fed rate hike. What’s Expected: ...
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