The U.S. Federal Reserve held its two-day monetary policy meeting last week which concluded on Wednesday. The central bank left interest rates unchanged as widely expected but said that the U.S. economy was "strong" maintaining the course for a further rate hike in September. [shortcode-variables slug="learn-forex-basics"] By noting that U...
Daily Forex Market Preview - 08/08/2018 The U.S. Dollar was trading mixed on Tuesday as the Euro posted a strong rebound. Economic data was sparse. Canada’s Ivey PMI report showed that the index increased to 61.8, missing estimates of 64.2 and down from the previous 63.1. [shortcode-variables slug="learn-forex-basics"] New Zealand’s infla...
Daily Forex Market Preview, 01/08/2018 The markets were busy with lots of economic data on the tap. In the Eurozone, the flash inflation estimates showed that headline consumer prices increased 2.1% on the year ending June. This was above expectations and even the core inflation rate was seen to have increased by 1.1% on the year. On the dow...
The economic calendar for the week ahead is a busy one with lots of reports coming out during the latter part of the week. Among the high ticket events, the FOMC is expected to meet this week. No changes are expected to the monetary policy but investors will be clued into the Fed's statement as the markets expect the next rate hike due in Sep...
The economic data over the week was supportive of the fact that the U.S. economy may have advanced at a strong pace in the second quarter of the year. Reports over the week included the retail sales figures and industrial production numbers. Data from the U.S. Department of Commerce showed that retail sales got a boost from consumer spendi...
The Fed: Gradual Policy Tightening In Full Swing The Fed has reaffirmed its commitment to sticking to its plan of “gradual” policy normalisation with two more hikes forecast this year. The economic outlook is good, with the economy on track to grow by around 4% in Q2 2018, boosted by tax cuts with inflation continuing to creep higher. Employmen...
Gold The yellow metal rose slightly this week, taking its cues from a weakened US Dollar which fell in response to the June FOMC meeting. The sell-off came despite the Fed raising rates as expected and upgrading its rate hike forecast for the rest of the year from one hike previously to two hikes. The weakness is reportedly due to President Tru...
Inflation Rises In Line With Expectations USD bulls were given some encouragement this week as the latest data showed May inflation in the US printing in-line with expectations, with the headline measure rising 0.2% month-over-month. This latest increase raises the inflation rate to 2.8% from 2.5% in April, marking the fastest increase since 20...
The Federal Reserve is widely expected to raise the Federal Funds Rate today, from 1.75% towards 2.00% benchmark points. Exactly at 18:00 GMT the FED will issue a statement, which will contain the interest rate outlook, along with its latest economic forecasts. At this stage, the Market already priced in the June Fed rate hike, therefore, ...
With Trump and Kim meeting this Tuesday, UK Unemployment rate, US CPI, UK CPI, FOMC meeting, ECB meeting, the BOJ monetary policy meeting and so much more this week, what could be in store for the FXMajors? [shortcode-variables slug="go2_tradeideas"]
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