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Trading the News: Canada Consumer Price Index (CPI) Despite forecasts for a rebound in Canada’s Consumer Price Index (CPI), a marked slowdown in the core rate of inflation may drag on the loonie and spark a further advance in USD/CAD as it dampens interest-rate expectations. What’s Expected: Why Is This Event Important: Even though the Bank of Canada (BoC) has turned upbeat on the economy in ...
The unemployment rate in Australia was steady at a seasonally adjusted 5.7 percent in April, the Australian Bureau of Statistics said on Thursday. more...
Trading the News: U.K. Jobless Claims Change What’s Expected: Why Is This Event Important: The BoE looks poised to retain its current policy ahead of the U.K. Referendum on June 23, but the central bank may show a greater willingness to remove the record-low interest rate over the coming months as Governor Mark Carney and Co. remain adamant that the next move will be to implement higher borrow-costs. ...
Trading the News: U.S. Consumer Price Index (CPI) What’s Expected: Even though Fed officials see scope for two rate-hikes in 2016, signs of a slower-than-expected recovery may push the Federal Open Market Committee (FOMC) to further delay the normalization cycle amid the external risks surrounding the real economy. However, stronger wage growth paired with the rebound in private-sector spending may boost consumer ...
Trading the News: Bank of England Interest Rate Decision Even though the Bank of England (BoE) is widely anticipated to retain its current policy in May, a downward revision in the central bank’s growth and inflation forecast may dampen the appeal of the British Pound and spur a bearish reaction in GBP/USD as it drags on interest-rate expectations. What’s Expected: Why Is This Event Important: ...
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