- Canada Headline Inflation to Hold Above 2.0% for Fifth Consecutive Month. - Core Consumer Price Index of 1.9% Would Mark Fastest Pace of Growth Since June 2012. Trading the News: Canada Consumer Price Index (CPI) Despite expectations for a downtick in Canada’s Consumer Price Index (CPI), the stickiness in core inflation may spur a larger decline in the USD/CAD as it puts increased pressure on the Bank of Canada (BoC) to move away from its neutral policy ...
- U.K. Retail Sales to Increase for Second Consecutive Month. - Private Sector Spending to Rise for Fifth Time in 2014. Trading the News: U.K. Retail Sales A pickup in U.K. Retail Sales may spur a more meaningful rebound in the GBP/USD as it raises the prospects for a stronger recovery in the second-half of 2014. What’s Expected: Why Is This Event Important: The growing ...
- U. of Michigan Confidence Survey to Rebound Following Unexpected Decline in July. - Expected to Hold Above 80.0 for Ninth Consecutive Month. Trading the News: U. of Michigan Confidence A rebound in the U. of Michigan Confidence survey may generate a bullish reaction in the U.S. dollar (bearish EUR/USD) as it raises the outlook for growth and inflation. What’s Expected: Why Is ...
German economic confidence weakened sharply to the weakest level since December 2012 as geopolitical tensions weighed on analyst expectations, the results of a closely watched survey from the Mannheim-based Centre for European Economic Research/ZEW showed Tuesday. The indicator of economic sentiment plunged by 18.5 points to 8.6 in August, while it was forecast to drop to 17. More...
- Federal Open Market Committee (FOMC) to Reduce QE by Another $10B. - Fed Chair Janet Yellen to Hold Press Conference at 18:30 GMT. Trading the News: Federal Open Market Committee Meeting and Federal Funds Rate Despite expectations for another $10B reduction in the Federal Open Market Committee’s (FOMC) asset-purchase program, the central bank’s updated forecasts (growth, inflation & interest rate) may have a greater impact in driving the U.S. dollar as ...
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