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Trading the News: Federal Open Market Committee Interest Rate Decision Even though the Federal Open Market Committee (FOMC) is widely anticipated to preserve its current policy in June, the updated economic projections coming out of the central bank may drag on the greenback and spark a near-term rebound in EUR/USD should Chair Janet and Co. curb their outlook for growth and inflation. What’s Expected: Why ...
Trading the News: U.K. Consumer Price Index (CPI) A pickup in the headline & core U.K. Consumer Price Index (CPI) may spark a near-term rebound in GBP/USD as it puts pressure on the Bank of England (BoE) to normalize monetary policy sooner rather than later. What’s Expected: Why Is This Event Important: Even though the economic outlook remains clouded by the U.K. Referendum on June 23, signs ...
Industrial output in China was up 6.0 percent on year in May, the National Bureau of Statistics said on Monday - in line with expectations and unchanged from the previous month. more...
Trading the News: Canada Net-Change in Employment Despite forecasts for an uptick in the jobless rate, a 1.8K rebound in Canada Employment may heighten the appeal of the loonie and spur a near-term decline in USD/CAD as the data highlights an improved outlook for growth and inflation. What’s Expected: Why Is This Event Important: Even though the Bank of Canada (BoC) retains a cautious outlook ...
Trading the News: Reserve Bank of New Zealand (RBNZ) Interest Rate Decision According to a Bloomberg News survey, 10 of the 17 economists polled anticipate the Reserve Bank of New Zealand (RBNZ) to retain its current policy in June, but more of the same from Governor Graeme Wheeler and Co. may encourage a further recovery in NZD/USD should the central bank largely endorse a wait-and-see approach for monetary policy. What’s Expected: ...
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