ECB meeting minutes paint a dovish picture

The European Central Bank released its monetary policy meeting minutes last week for the meeting that was held earlier in March this year. Policymakers expressed concerns on the risks of a full fledged trade war against the United States and also showed concern on the rising exchange rate. The ECB's meeting minutes covered the monetary policy...

2018-04-19 John Benjamin Read more
RBA holds cash rate unchanged

The Reserve Bank of Australia held its monetary policy meeting last week. As widely expected, the central bank did not surprise as it left interest rates unchanged at 1.50% for 18 months in a row. The RBA said in its monetary policy statement that based on the available information, the board judged that keeping monetary policy unchanged at i...

2018-04-13 John Benjamin Read more
BoE signals May rate hike

The Bank of England's monetary policy meeting last week saw the central bank leaving interest rates unchanged in a widely expected move. The BoE however signaled that it would stick to its previous plan of another rate hike in the May monetary policy meeting. The central bank held the interest rates unchanged at 0.50% at the meeting last week...

2018-04-02 John Benjamin Read more
Canada holds interest rates steady

The Bank of Canada held its monetary policy meeting last Wednesday. As widely expected, the central bank of Canada holds interest rates steady at 1.25%. The central bank cited uncertainty related to trade factors as one of the reasons for keeping interest rates unchanged. Reiterating the statement from January which was largely unchanged, the...

2018-03-23 John Benjamin Read more
RRBA leaves monetary policy unchanged

Summary: RBA leaves interest rates unchanged at 1.50% Central bank expects wage pressures to build over time Unemployment rate expected to fall further leading to higher wage growth RBA expects GDP to grow at a faster pace in 2018 Fourth quarter GDP showed a 0.4% increase, slower than expected Annual GDP growth rate in 2017 w...

2018-04-10 John Benjamin Read more
Economic Releases

With the vast flow of daily economic releases that affect the FX market place, it can be difficult to know which readings are most important and how best to interpret them. Understanding the relevance of economic releases is a crucial step towards success in Forex trading so, read on to find out what the top 5 Forex economic releases are and how...

2018-03-23 James Harte Read more
ECB tweaks policy guidance

Summary: ECB removes easing bias from its forward guidance 2018 real GDP forecast to rise 2.4% and 1.9% in 2019 Draghi downplays the hawkish statement during the press conference Euro currency posts losses following Draghi’s comments S. tariffs on steel and aluminum stokes fears of a full-fledged global trade war Mexico and C...

2018-03-23 John Benjamin Read more
March ECB Monetary Policy

The European Central bank will be meeting for its monetary policy meeting later today. According to the economists polled, the central bank is expected to put its monetary policy unchanged with interest rates and the repo rates staying the same while also maintaining the QE purchases at a steady pace of 30 billion euro per month. The QE progr...

2018-03-23 John Benjamin Read more
March 2018 Monthly Outlook

The U.S. dollar was seen making a comeback in the month of February as the once deemed to be weak currency was seen making signs of a temporary bottom. The sentiment in the U.S. dollar was lifted by a mix of broad fiscal and monetary policy signals. Although no major changes were seen in the month of February, the potential talks of President...

2018-03-23 John Benjamin Read more
Fed meeting minutes and US inflation

The markets head into a busy week that sees some of the major central bank monetary policy meetings lined up. This week, the RBA, the Bank of Japan, the ECB and the BoC will be holding their monetary policy meetings. Despite the line up of the central bank meetings, no major changes are expected from either of the central bank monetary policy de...

2018-03-23 John Benjamin Read more