April BoC meeting

The markets were witness to another week of volatility with various themes playing out. The uncertainty surrounding trade wars finally eased after the Chinese Premier was seen softening his stand last week in a speech where he promised to open the doors to China's markets. The week ahead will continue to see the volatility especially in Syria...

2018-04-18 John Benjamin Read more
BOC_Poloz

The Bank of Canada will be meeting tomorrow for its monthly monetary policy review. According to the economists polled, the central bank is expected to hold back from hiking interest rates any further. Thus, the BoC's overnight cash rate is expected to remain steady at 1.0%. The BoC had previously surprised the markets with a back to back rate ...

2018-01-25 John Benjamin Read more
ECB Draghi

The week ahead will be marked by central bank meetings that include the BoC, the Swedish Riksbank, and the ECB. The ECB's meeting will, however, dominate the wires. On the economic front, the US and the UK's advance GDP reports will be coming out alongside the quarterly inflation data from Australia. Here's a quick recap into this week's econo...

2017-12-12 John Benjamin Read more
Crude Oil_OPEC

The week ahead is likely to turn busy with the focus shifting back to the economic and monetary policies. Coming up this week, the key events include the OPEC meeting in Vienna, where the question is whether OPEC members will extend production cuts. In the US the FOMC meeting minutes from the May FOMC meeting will be released. The minutes could...

2017-07-26 John Benjamin Read more
UK Inflation

The second week of April will see the inflation theme taking over the markets with data expected from the U.S., China, and the UK. Inflation in the U.S. and the UK is expected to rise at a slower pace, while consumer prices in China are expected to accelerate at a pace of 1.1%, following a 0.8% increase previously. Fed chair, Janet Yellen is d...

2018-02-14 John Benjamin Read more
april forex outlook

The month of March passed off uneventfully as the markets weathered the risks from a Fed rate hike that saw U.S. short-term interest rates being hiked by 25 basis points to 0.75% - 1.0%. On the political front as well, the general elections in the Eurozone kicked off with the Dutch elections resulting in the incumbent Mark Rutte winning a majori...

2017-03-31 John Benjamin Read more
ECB

After a rather quiet trading week, the economic data picks up steam with inflation figures due for release across the US, UK, and the Eurozone. The monthly labor market data from Australia and the UK will be coming out this week including the central bank meetings from the ECB and the Bank of Canada. Among other things, the British Prime Minster...

2017-01-16 John Benjamin Read more
BoE

The Japanese yen was the top performing currency last week, gaining 2.09% to the US dollar. The risk aversion sentiment last week was clear with Gold prices also seen gaining strongly. The AUD and the NZD interestingly also gained. [caption id="attachment_18091" align="aligncenter" width="431"] Weekly Spot FX Performance – 08/07/2016[/capti...

2016-07-11 John Benjamin Read more