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Russian authorities said on Thursday that the country's currency crisis was over, but its economic problems are yet to be resolved. The ruble has recovered sharply in response to the steps taken by Russian authorities to prevent further declines in the currency and to slow inflation. The currency slumped to record lows in the backdrop of falling oil prices. Last week, the Bank of Russia unexpectedly raised its key rates sharply ...
- Canada Consumer Price Index (CPI) to Hold Above 2% Target for Eighth Consecutive Month. - Core Inflation to Climb Annualized 2.5% to Mark the Fastest Pace of Growth Since February 2012. 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) remains reluctant to further normalize monetary policy. What’s Expected: ...
The U.K. unemployment rate fell less than expected in the August to October period, data from the Office for National Statistics showed Wednesday. The jobless rate fell to 6 percent during August to October, down from 6.2 percent seen in the May to July period. Economists had forecast a rate of 5.9 percent. During August to October, there were 1.96 million unemployed, 63,000 fewer than in the May to July period. This was ...
Trading the News: U. of Michigan Confidence Another uptick in the U. of Michigan Confidence survey may spur a further decline in the EUR/USD amid growing speculation for a Fed rate hike in mid-2015. What’s Expected: Why Is This Event Important: Positive data prints coming out of the U.S economy should continue to fuel interest rate expectations and heighten the bullish sentiment surrounding the greenback ...
- Will Seasonal Factors Spur Better-Than-Expected Retail Sales Report? Trading the News: U.S. Advance Retail Sales A pickup in Advance U.S. Retail Sales may generate short-term decline in EUR/USD as stronger consumption raises the growth and inflation outlook for the world’s largest economy. What’s Expected: Why Is This Event Important: Indeed, an ...
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