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Trading the News: U.S. Non-Farm Payrolls A 160K expansion in U.S. Non-Farm Payrolls (NFP) paired with a downtick in the jobless rate may boost the appeal of the greenback and spur a larger pullback in EUR/USD as it fuels expectations for an imminent Fed rate-hike. What’s Expected: Why Is This Event Important: The Federal Open Market Committee (FOMC) may implement higher borrowing-costs over ...
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,’ ...
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