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Trading the News: European Central Bank (ECB) Interest Rate Decision The European Central Bank (ECB) interest rate decision may fail to generate a meaningful market reaction as the Governing Council is widely anticipated to retain the zero-interest rate policy (ZIRP) in June, but the fresh batch of central bank rhetoric may drag on EUR/USD should President Mario Draghi and Co. keep the door open to implement more non-standard measures. What’s Expected: ...
Australia posted a seasonally adjusted merchandise trade deficit of A$1.579 million in April, the Australian Bureau of Statistics said on Thursday - marking a decrease of 20 percent on the deficit in March. more...
The total number of building approvals issued in Australia climbed unexpectedly in April, the Australian Bureau of Statistics said on Tuesday. more...
Trading the News: U.S. Gross Domestic Product (GDP) An upward revision in the preliminary 1Q Gross Domestic Product (GDP) report may trigger near-term selloff in EUR/USD as signs of a stronger recovery provide the Federal Open Market Committee (FOMC) with greater scope to implement higher borrowing-costs. What’s Expected: Why Is This Event Important: With the U.S. economy approaching ‘full-employment,’ ...
Partly reflecting a jump in orders for commercial aircraft and parts, the Commerce Department released a report on Thursday showing that new orders for U.S. manufactured goods surged up by much more than expected in April. The Commerce Department said durable goods orders shot up by 3.4 percent. EUR/USD M5: 47 pips price movement by Durable Goods Orders news event: more...
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