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A 0.4% rebound in U.K. Retail Sales may heighten the appeal of the British Pound and fuel the near-term breakout in GBP/USD as it puts increased pressure on the Bank of England (BoE) to raise the benchmark interest rate off of the record-low. What’s Expected: Why Is This Event Important: Positive data prints coming out of the U.K. economy may highlight a tightening race between the BoE/Fed to normalize monetary ...
Members of the Reserve Bank of Australia's monetary policy board said that the country's economy continues to recover, minutes from the central bank's August meeting revealed on Tuesday. more...
- U.S. Non-Farm Payrolls (NFP) to Expand 200+K for Third Consecutive Month. - Unemployment Rate to Hold at Annualized 5.3%- Lowest Since 2008. Trading the News: U.S. Non-Farm Payrolls Another 225K expansion in U.S. Non-Farm Payrolls (NFP) may spur greater demand for the greenback and spark a near-term sell-off in EUR/USD should the fresh batch of data heighten speculation for a Fed rate hike at the September 17 meeting. What’s Expected: ...
Confidence among U.S. consumers has seen a substantial deterioration in the month of July, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index tumbled to 90.9 in July from a downwardly revised 99.8 in June. more...
The International Monetary Fund slashed the growth forecast for this year on Thursday, citing sluggish economic activity in the U.S. during the first quarter, and continued slowdown in the emerging market economies. More...
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