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An unexpected decline in output in the United States prompted the International Monetary Fund to lower the global growth forecast for this year, while warning that the uncertainty in Greece and re-balancing in China could pose risks to the outlook. More...
Trading the News: U.S. Consumer Price Index (CPI) A meaningful pickup in the U.S. Consumer Price Index (CPI) may boost the appeal of the greenback and spur fresh monthly lows in EUR/USD as it fuels speculation for a Fed rate hike in 2015. What’s Expected: Why Is This Event Important: Signs of stronger price growth may encourage the Fed to adopt a more hawkish tone for monetary policy, and we may ...
Eurozone leaders unanimously reached an agreement early Monday to start talks with Greece for a EUR 82-86 billion third bailout programme after hours of negotiations, empowering the country to battle a severe economic crisis and remain in the single currency bloc. more...
Trading the News: U.K. Consumer Price Index A further slowdown in the U.K. Consumer Price Index (CPI) may generate a near-term pullback in GBP/USD as it puts increased pressure on the Bank of England (BoE) to retain its current policy throughout 2015. What’s Expected: Why Is This Event Important: However, the stickiness in the core rate of inflation may limit the downside risk for ...
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: ...
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