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Trading the News: U.S. Non-Farm Payrolls Another 180K expansion in U.S. Non-Farm Payrolls (NFP) accompanied by a downtick in the jobless rate may boost the appeal of the greenback and trigger further losses in EUR/USD as it puts pressure on the Federal Open Market Committee (FOMC) to further normalize monetary policy in 2016. What’s Expected: Why Is This Event Important: Even though Fed Funds ...
Trading the News: Federal Open Market Committee Interest Rate Decision Another unanimous vote by the Federal Open Market Committee (FOMC) to retain the current policy may dampen the appeal of the greenback and spark a near-term advance in EUR/USD as market participants push out bets for the next rate-hike. What’s Expected: Why Is This Event Important: With Fed Funds Futures reflecting limited ...
Trading the News: Canada Consumer Price Index (CPI) Another downtick in Canada’s headline & core Consumer Price Index (CPI) may push USD/CAD to fresh weekly highs as it puts pressure on the Bank of Canada (BoC) to further embark on its easing cycle. What’s Expected: Why Is This Event Important: Even though BoC Governor Stephen Poloz largely endorses a wait-and-see approach for monetary policy, ...
Trading the News: U.K. Jobless Claims Change Even though U.K. Jobless Claims are projected to increase 4.0K in June, another pickup in household earnings may generate a bullish reaction in GBP/USD as it highlights an improved outlook for growth and inflation. What’s Expected: Why Is This Event Important: Signs of stronger wage growth may prompt the Bank of England (BoE) to retain its current ...
Trading the News: U.K. Consumer Price Index (CPI) GBP/USD may stage a larger recovery over the next 24-hours of trading as market participants forecast the headline & core U.K. Consumer Price Index (CPI) to uptick in July. Indeed, signs of stronger inflation may undermine expectations for a material shift in the monetary policy outlook amid the rift within the Bank of England (BoE). What’s Expected: Why Is ...
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