As the US / China trade war rolls on, the effects on both economic sentiment and outlook in China are becoming clearly visible. Indeed, leaders in China are starting to show stronger signs of concern regarding the situation. Over the last few days, the Commerce Ministry alongside the police and other agencies have been asking exporters to inquir...

2018-08-15 James Harte Read more
federal reserve

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...

2018-08-10 John Benjamin Read more
uk

The Bank of England (BoE) held its monetary policy meeting last week on Thursday. As widely expected, the central bank raised the key lending rate by 25 basis points to 0.75%. This was the second interest rate hike since November 2017. [shortcode-variables slug="learn-forex-basics"] However, the central bank signaled that it was not in a h...

2018-08-07 John Benjamin Read more
ecb

The European Central Bank held its monetary policy meeting last week on Thursday. As widely expected, the central bank did not make any changes to its monetary policy, leaving interest rates and QE purchases unchanged. [shortcode-variables slug="learn-forex-basics"] The base deposit rate was left untouched at -0.40%, while the central bank...

2018-08-03 John Benjamin Read more
Bank of England Building

The Bank of England will be meeting this week for its monetary policy decision. According to the economists polled, the central bank is widely expected to hike rates by 25 basis points this Thursday. The overnight index swaps markets are assigning an 80% probability of a rate hike this week. The rate hike comes as many policymakers at the ...

2018-08-03 John Benjamin Read more
united states

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...

2018-07-25 John Benjamin Read more
BoC

The Bank of Canada was seen hiking interest rates at its monetary policy meeting on Wednesday in what was a close call. However, economists were expecting the BoC to hike rates. The BoC signaled that there was room for more rate hikes and the hawkish forward guidance comes amid mounting trade tensions with the United States. The Bank of Canad...

2018-07-19 John Benjamin Read more
ECB minutes

The European Central Bank released the minutes of the meeting held in June last week. The minutes covered the monetary policy meeting where the ECB announced its forward guidance. This included tapering the current bond purchases to 15 billion euro from September and an eventual end to QE by December 2018. The minutes showed that interest rat...

2018-07-18 John Benjamin Read more
usa cpi

Consumer prices as well as producer price index for the month of June showed a strong pace of gains. The data suggested that the underlying momentum is only going to get stronger. Both consumer and producer prices were seen rising to a six year high. The data comes as Fed officials continue to tighten monetary policy. U.S CPI at 2.9% in June...

2018-07-17 John Benjamin Read more
sweden bank

Sweden’s central bank held its monetary policy meeting last week and as widely expected the policy makers at the central bank left the key interest rate unchanged at -0.50%. However, officials guided investors toward a possible rate hike at the end of the year. Policy makers left interest rates unchanged with but with two dissenting votes whi...

2018-07-13 John Benjamin Read more