monetary policy

The much anticipated Jackson Hole Symposium that began on Thursday last week ended without a bang. While investors were hopeful that the central bankers would address monetary policy, it was indeed the opposite. Both Yellen and Draghi…
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After five months of consecutive declines, reaching the lowest level since April of last year around 92.50’s, the US Dollar has been trading within a very tight range, with no clear break to the upside or the downside. Long-Term Support…
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Despite the lack of fundamentals during the Asian and the European sessions today, volatility seems to be picking up at the European session opening bell. The US Dollar is broadly lower across the board, leading safe haven assets higher,…
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The EURUSD closed another week with some modest gains as the common currency managed to capture the 1.1800 price handle. By last Friday's close, 12 August, the euro closed at 1.1820 against the U.S. dollar. With last week's gains, the euro…
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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…
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Traders will be looking at the consumer price index data to be released today. According to economists polled, consumer prices are expected to rise 0.1% on the month. This would reverse the 0.1% decline seen in the previous month. On a year…
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The monthly jobs report from the UK was a mixed bag with the unemployment rate falling to a 42-year low at 4.5%, down from 4.6% previously. Despite the solid headline, wages continued to disappoint. The unemployment rate fell to 4.5% and…
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Summary: US nonfarm payrolls increased 222k in June. This was above estimates of 178k April and May NFP numbers revised to show a net gain of 47k US unemployment rate ticked higher to 4.4% from 4.3% previously Average hourly…
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Officials at the Banco de Mexico, the Mexican central bank hiked interest rates on Thursday by 25 basis points as widely expected by economists. This pushed the interest rates to 7% in Mexico. Policy makers said that the borrowing costs…
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Summary: RBNZ’s June monetary policy meeting saw no changes to the OCR, which remains steady at 1.75% RBNZ leaves forecasts unchanged from the May policy meeting Expects further cooling in home prices Inflation expected to…
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