April BoC meeting

The week ahead is somewhat quiet on the economic front, but the FOMC meeting that is due this Wednesday will dominate the news wires. Heading into the meeting, the market expectations are high that the Federal Reserve will hike interest rates by 25 basis points at this week's meeting. This would mark the first rate hike for this year. Simultaneo...

2018-03-23 John Benjamin Read more
November FX Preview

Politics continued to remain in the forefront for the month of October. This time, however, focus turned to Asia as the Japanese Prime Minister Shinzo Abe called for snap elections. Japan held the elections on the weekend of October 24 which saw the incumbent win with a strong majority. In New Zealand, after a long wait, the election results th...

2018-01-25 John Benjamin Read more

The Bank of England will be meeting today for its monthly monetary policy review. Based on the economists poll, no changes to interest rates are expected, which remain at 0.25%, a historical low. However, some institutions are not ruling out the scope for a rate hike today. This hawkish scenario comes from the fact that in the July MPC meeting,...

2017-08-03 John Benjamin Read more
US Flag_Department of Commerce

The week ahead will mark the start of a new trading month. With the summer period kicking in, trading is expected to remain subdued. Still, the week ahead is packed with a list of tier-one economic data that will no doubt keep the markets busy. The Bank of England and the Reserve Bank of Australia will be holding their monetary policy meetings...

2017-07-31 John Benjamin Read more
RBNZ_Forex_0805

The week will see a continuation of the key economic indicators from across the world. The week starts off with the French election results in the main backdrop, and the baton will be passed on to Germany which will be holding elections next. On the economic front, China will be reporting the monthly inflation figures on Wednesday while it will...

2017-05-08 John Benjamin Read more
FOMC

The first trading month of the year is now history as traders shift focus to a busy week. Among the central bank meetings, the FOMC and the BoE meetings are likely to overshadow the Bank of Japan's meeting this week. Still, no changes to monetary policy are expected this week from either of the central banks. In the UK, the Brexit bill is likely...

2017-01-30 John Benjamin Read more
Carney_BOE Meeting

BOE Backs Down From Easing Bias Ahead of the November monetary policy meeting BOE governor Mark Carney noted that there are limits to the bank’s willingness to look through inflation. The sharp decline of Sterling over the last two months alongside an aggressive move higher in gilt yields seemed to unsettle the BOE who have since backed down fr...

2016-12-13 James Harte Read more
Federal Reserve_Fed_FOMC

The U.S. Federal Reserve meeting on Wednesday is likely to overshadow all other economic events over the week. After nearly a month of the markets rallying in anticipation of a Fed rate hike, the markets are geared up for a second rate hike in almost a year after the initial 25 basis points increase. Across the Atlantic, the Bank of England’s me...

2016-12-12 John Benjamin Read more
Bank_of_England_Orbex

The Bank of England will be meeting tomorrow on August 4, 2016, where the central bank is expected to cut rates by 25bps, lowering the benchmark interest rate to 0.25%, a new record low. The BoE maintained interest rate steady at 0.50% since March 2009. The OIS markets are currently pricing in a 100% probability for a rate cut at tomorrow's meet...

2016-08-03 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