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Trading the News: Bank of England (BoE) Interest Rate Decision The Bank of England (BoE) interest rate decision may offer little relief to recent decline in GBP/USD as the central bank is widely expected to retain its current policy in July, and the committee may continue to endorse a wait-and-see approach amid the growing threat of a Greek exit. What’s Expected: Why Is This Event Important: ...
Another 230K rise in U.S. Non-Farm Payrolls (NFP) along with a downtick in the jobless rate may heighten the appeal of the greenback and trigger a near-term sell-off in EUR/USD should the data put increased pressure on the Federal Open Market Committee (FOMC) to remove the zero-interest rate policy (ZIRP). What’s Expected: Why Is This Event Important: A further improvement in the labor market may boost ...
Trading the News: U.K. Gross Domestic Product (GDP) An upward revision in the U.K. 1Q Gross Domestic Product (GDP) report may heighten the appeal of the British Pound and spur a near-term advance in GBP/USD as it puts increased pressure on the Bank of England (BoE) to normalize monetary policy sooner rather than later. What’s Expected: Why Is This Event Important: Signs of a stronger recovery ...
Greece and its creditors are holding crucial talks in Brussels on Wednesday to reach an agreement over new reform proposals to be presented for approval at a meeting of Eurozone finance ministers later in the day that could unlock financial aid for the country and help it avoid a default and an eventual exit from the euro. More...
Trading the News: U.S. Gross Domestic Product (GDP) Another upward revision to the 1Q U.S. Gross Domestic Product (GDP) report may boost the greenback’s appeal and spark a larger decline in EUR/USD as it fuels speculation for the Federal Open Market Committee (FOMC) to remove the zero-interest rate policy (ZIRP) at the September meeting. What’s Expected: Why Is This Event Important: Even though ...
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