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Trading the News: Canada Consumer Price Index (CPI) A pickup in Canada’s Consumer Price Index (CPI) may heighten the appeal of the loonie and fuel a larger pullback in USD/CAD as it encourages the Bank of Canada (BoC) to retain a wait-and-see approach in 2016. What’s Expected: Why Is This Event Important: With the BoC largely endorsing a neutral outlook for monetary policy, it seems as ...
Trading the News: European Central Bank (ECB) Interest Rate Decision Despite the ongoing easing cycle in the euro-area, the fresh rhetoric coming out of the European Central Bank (ECB) may spur a similar market reaction to the December interest rate decision as the Governing Council takes a more cautious approach in pushing monetary policy into uncharted territory. What’s Expected: Why Is This Event Important: ...
The U.K. jobless rate fell to its lowest level since early 2006, while the employment rate hit a record high in the three months ended November, and wage growth remained subdued suggesting more time for the Bank of England to decide on a rate hike. In the three months to November, the ILO unemployment rate was 5.1 percent versus 5.8 percent in the same period the previous year. more...
Consumer prices in New Zealand slid 0.5 percent on quarter in the fourth quarter of 2015, Statistics New Zealand said on Wednesday - marking the largest quarterly decline since 2008. more...
Trading the News: U.K. Jobless Claims Change A 2.8K rise in U.K. Jobless Claims accompanied with another slowdown in wage growth may generate fresh 2016 lows in GBP/USD as it raises the Bank of England’s (BoE) scope to further delay its normalization cycle. What’s Expected: Why Is This Event Important: The recent comments from BoE Governor Mark Carney suggests that the Monetary Policy Committee ...
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