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Trading the News: U.S. Gross Domestic Product (GDP) The advance U.S. 4Q Gross Domestic Product (GDP) report may generate a larger rebound in EUR/USD should the fresh batch of data highlight a slowing recovery in the world’s largest economy. What’s Expected: Why Is This Event Important: Even though the Federal Open Market Committee (FOMC) is widely expected to raise the benchmark interest rate in mid-2015, ...
- Canada Consumer Price Index (CPI) to Slip Below 2% Target for First Time Since March 2014. - Core Inflation to Uptick to Annualized 2.3%- Highest Print for 2014. Trading the News: Canada Consumer Price Index (CPI) A slowdown in Canada’s Consumer Price Index (CPI) may spur fresh monthly highs in USD/CAD especially as the Bank of Canada (BoC) reverts back to its easing cycle. What’s Expected: ...
The manufacturing sector in New Zealand expanded at an accelerated pace in December, the latest survey from Business-NZ revealed on Thursday, with a PMI score of 57.7. NZDUSD M5: 11 pips price movement by NZD - Performance of Manufacturing Index news event : More...
EUR/USD may face fresh monthly lows over the next 24-hours of trade as the European Central Bank (ECB) is widely expected to announce more non-standard measures to further mitigate the risk for deflation. What’s Expected: Why Is This Event Important: Despite headlines for a EUR 50B/month asset-purchase program, the details surrounding the new initiative may play a greater role in driving EUR/USD especially ...
Despite an uptick in developing countries and strong momentum in the United States, the World Bank downgraded its global economic forecast citing weak prospects for the euro area and Japan. In its biannual report 'Global Economic Prospects' released Tuesday, the World Bank said global gross domestic product is expected to grow 3 percent in 2015, slower than the 3.4 percent estimated in June. For 2016, the economy is projected ...
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