Japan GDP

Bank of Japan April Meeting Summary: Interest rates left unchanged at -0.10% QQE purchases unchanged at 80 trillion yen 2017 – 2018 GDP forecasts increased from 1.5% to 1.6% 2017 – 2018 (core) inflation forecasts reduced from 1.5% to 1.4% Inflation goal expected to be reached by April 2018 As widely expected, the Bank of Ja...

2017-04-27 John Benjamin Read more
japan

The Bank of Japan, in its monetary policy meeting today, left interest rates and the monetary base unchanged at -0.10% and 80 trillion Yen while revising down its view on the economy, highlighting the difficulty as the bank struggles to revive growth. The decision to hold policy unchanged was widely expected among the analysts surveyed but the m...

2016-03-15 John Benjamin Read more
Market news

The Sterling pound enjoys both technical and fundamental elements that favor the ascending trend. The Monetary Policy Committee unanimously decided to maintain the interest rate and the settings of the Asset Purchase Facility program, while the Retail Sales index was reported above estimates at 1.2%. Technically speaking, the GBPUSD quotation is...

2015-05-25 Orbex Read more
Market news

The EURUSD advance was temporarily disrupted in yesterday's session as the Unemployment Claims were reported down to 264k. This data came as a relief for the American dollar which is currently struggling at the three months low versus the euro. The U.S.' economy started the second quarter with the wrong foot as the Retail Sales were reported low...

2015-05-18 Orbex Read more
ECB QE

ECB Chief, Mario Draghi and Bank of Japan Governor Kuroda gave a speech in two separate meetings with the common underlying theme being that of their respective Central Bank's decisions on launching the Quantitative Easing program. ECB Chief, Mario Draghi was in New York and gave a speech on the sidelines of a meeting with IMF head Christine ...

2015-05-18 John Benjamin Read more
ECB

The much anticipated FOMC statement for April saw no significant shifts in the Fed's narrative for the interest rate lift off. US Dollar bears that were looking for a more dovish tone from the Fed were left disappointed while there was equally not much of fodder for the US Dollar bulls. The Fed merely made a passing remark to the recent economic...

2018-01-24 Orbex Read more
Market news

Negotiations between Greek officials and the euro zone colleagues in Riga on Friday have not yielded any result. Behind are lagging promises of staying in touch to reach a debt deal, to hold a teleconference today and a call on Wednesday to speed up negotiations. Maybe these are the hopes left for the Euro which is still holding above the suppor...

2016-07-13 Orbex Read more