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
canada unemployment rate

Canada’s monthly jobs report showed that the economy added a healthy gain of 31,800 jobs in the month of June. But this wasn’t enough to keep the unemployment rate steady. Canada’s unemployment rate jumped two percentage points to 6.0%. In May, the unemployment rate held steady at 5.8%. This was the first time that Canada’s unemployment rate ...

2018-07-09 John Benjamin Read more
bank of canada

While until recently, economists were hawkish on the Bank of Canada and preparing for a rate hike as early as July, the prospects of a rate hike are starting to diminish if recent data is anything to go by. Last week, data from Canada covered the retail sales and inflation reports. An unexpected dip in Canada's retail sales in April and a rat...

2018-06-29 John Benjamin Read more

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, ...

2018-06-13 Richard Tataru Read more
Mester aims to maintain Fed's course

The President of The Cleveland Federal Reserve Bank, (known to be a hawk in the FOMC) Loretta Mester aims to maintain Fed's course, stating that the central bank must continue its gradual approach to raising interest rates as the inflation rate still did not reach the central bank's 2% inflation target rate. She spoke on Monday in Paris, amid a ...

2018-05-21 John Benjamin Read more
GBP Down as BOE Keeps Rates Unchanged

BOE Votes 7 - 2 For Rates Unchanged The Bank of England’s “Super Thursday” meeting (rate decision, inflation report and meeting minutes) saw the GBP down as BOE keeps rates unchanged, widely disappointing the BOE bulls. The decision was widely expected following comments by BOE governor Carney last week who said that a May rate hike was looking...

2018-05-10 James Harte Read more

In Wednesday’s Federal Reserve policy statement, the US central bank indicated that: “Inflation on a 12-month basis is expected to run near the committee’s symmetric 2 percent objective over the medium term”. The reference to symmetric objective means the US central bank anticipates inflation to reach the 2.0% target and is willing to allow i...

2018-05-10 Ashraf Laidi Read more
BOE May Rate Hike Looks Doubtful

Carney Crushes May Rate Hike Hopes GBP has been under heavy selling pressure over the last two weeks following comments from BOE governor Mark Carney who surprised the market by unexpectedly dashing hopes of a May rate hike. During comments made as part of an interview with a UK broadcaster, intended for a non-market audience, the BOE chief sai...

2018-05-02 James Harte Read more
TRY Craters Despite CBRT Rate Hike

CBRT Lifts Rates 0.75% As downward pressures on price has continued over recent months, Turkey’s central bank today took action to address the situation by lifting its headline interest. While a rate was widely signalled at today’s meeting, in line with central bank commentary and the wider industry view on the Turkish economy, the CBRT took th...

2018-04-25 James Harte Read more
AUD Under Heavy Selling Pressure

AUD bulls were at last given some hope this week as Australian CPI finally reached the RBA’s 2% target. CPI for the March quarter rose 0.52% to mark an annual reading of 1.98%. This was well above the median forecast of 1.85% and well above the RBA’s own projection of 1.75%, forecast in February, expected to run through to mid-2019. AUD under he...

2018-04-25 James Harte Read more