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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: ...
Trading the News: U.K. Industrial & Manufacturing Production A rebound in U.K. Industrial & Manufacturing Production may boost the economic outlook for the U.K. economy and spur a near-term rebound in GBP/USD as it raises the scope for a stronger-than-expected recovery. What’s Expected: Why Is This Event Important: Beyond the looming U.K. Referendum in June, positive data prints coming out of ...
Employment in the U.S. climbed by much less than expected in the month of April, the Labor Department revealed in a closely watched report on Friday. The report said non-farm payroll employment rose by 160,000 jobs in April compared to economist estimates for a jump of about 200,000 jobs. more...
The unemployment rate in New Zealand climbed to a seasonally adjusted 5.7 percent in the first quarter of 2016, Statistics New Zealand said on Wednesday. more...