US Housing data, Core PCE inflation
US Housing data, Core PCE inflation The slowing US housing market is making alive some memories from the 200—2009 great recession but there is some confusion about whether it’s a red flag for the economy these days. New home sales have been trending downwards so far this year and the August reading is expected to […]
Upcoming Market Updates: GBP, JPY, NZD, EUR, CHF, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: GBP, JPY, NZD, EUR, CHF, USD GBP: BRC Shop Price Index y/y, it measures Change in the price of goods purchased at BRC-member retail stores. JPY: Monetary Policy Meeting Minutes, It’s a detailed record of the BOJ Policy Board’s meeting, providing in-depth insights into the economic conditions that influenced their […]
EUR/USD approaches 0.9600 lows as recovery loses
EUR/USD approaches 0.9600 lows as recovery loses There was a sharp movement in euro which may be missed. The single currency dropped to a fresh low on the year against the greenback, reaching a low of 0.9551 before bouncing back to hit 0.9700, from where it has since drifted back lower. The EUR/USD has now […]
Upcoming Market Updates: JPY, EUR, USD, GBP
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: JPY, EUR, USD, GBP JPY: SPPI y/y, It’s a leading indicator of consumer inflation – when corporations pay more for services the higher costs are usually passed on to the consume. EUR: M3 Money Supply y/y, it measures Change in the total quantity of domestic currency in circulation and deposited […]
Upcoming Market Updates: GBP, JPY, EUR, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: GBP, JPY, EUR, USD GBP: Rightmove HPI m/m, It’s a leading indicator of the housing industry’s health because rising house prices attract investors and spur industry activity. JPY: Flash Manufacturing PMI, it measures Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry. EUR: German Buba […]
GBP down during Asian Trade
GBP down during Asian Trade The pound was aggressively lower during Asian trade. CME stopped trading of GBP futures. GBP/USD touched a record low. Combination of the UK’s mini budget and flight to the dollar weigh on sterling. The GBP was already facing heavy selling pressure on Friday when the UK’s new chancellor unveiled his […]
BOE: Another 50bp hike and we expect more to come
BOE: Another 50bp hike and we expect more to come The BOE hiked policy rates by 50bp, bringing the bank rate to 2.25. The extent to which fiscal policy is set to boost demand and hence impact policy setting is still highly uncertain. Call for a 50bp hike in November and December and 25bp in […]
Upcoming Market Updates: AUD, GBP, EUR, CAD, CHF, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: AUD, GBP, EUR, CAD, CHF, USD AUD: Flash Manufacturing PMI, it measures Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry. AUD: Flash Services PMI, it measures Level of a diffusion index based on surveyed purchasing managers in the services industry. GBP: GfK Consumer Confidence, […]
Upcoming Market Updates: NZD, JPY, CHF, EUR, GBP, CAD, USD, EUR
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: NZD, JPY, CHF, EUR, GBP, CAD, USD, EUR NZD: Westpac Consumer Sentiment, it measures Level of a diffusion index based on surveyed consumers. NZD: Trade Balance, it measures Level of a diffusion index based on surveyed consumers. JPY: BOJ Core CPI y/y, it measures Change in the price of goods […]
How Much FOMC Interest Rate Hike By Fed?
How Much FOMC Interest Rate Hike By Fed? The Federal Reserve Open Market Committee lifted the federal funds rate to the 3.0% to 3.25% range and reaffirmed a continuation of its balance sheet runoff. The Fed updated its language stating the “recent indicators point to modest growth in spending and production. Job gains have been […]
SNB could surprise (again) with a larger than expected hike
SNB could surprise (again) with a larger than expected hike The central bank entered ZIRP between 2011-2015 before switching to NIRP with a rate of -0.75%, where it remained until June this year. And with seemingly few paying attention, they not only hiked rates but came out swinging with a 50 bp hike and sent […]
Upcoming Market Updates: AUD, NZD, GBP, USD, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: AUD, NZD, GBP, USD, USD AUD: MI Leading Index m/m, it measures Change in the level of a composite index based on 9 economic indicators. AUD: RBA Deputy Gov Bullock Speaks, She’s responsible for advising Reserve Bank Board members – who decide where to set the nation’s key interest rates […]
Reserve Bank Of Australia Raises Rates Again
Reserve Bank of Australia raises rates again The Reserve Bank Board should slow the pace of rate increases once it reaches its assessment of neutral. That is particularly because of the treacherous lags that will have built up as the inevitable result of such a sharp rate increase in rates, from 0.1% back in May. […]
Upcoming Market Updates: JPY, AUD, CHF, EUR, CAD, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: JPY, AUD, CHF, EUR, CAD, USD JPY: National Core CPI y/y, it measures Change in the price of goods and services purchased by consumers, excluding fresh food. AUD: Monetary Policy Meeting Minutes, It’s a detailed record of the RBA Reserve Bank Board’s most recent meeting, providing in-depth insights into the […]
Upcoming Market Updates: NZD, GBP, CAD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: NZD, GBP, CAD NZD: Business NZ Services Index, it measures Level of a diffusion index based on surveyed purchasing managers in the services industry. GBP: Rightmove HPI m/m, it measures Change in the asking price of homes for sale. CAD: IPPI m/m, it measures Change in the price of goods […]
USD Index COT Data from the commitments of traders report
USD Index COT Data from the commitments of traders report US bond yields have continued to rise in an almost parabolic fashion, with 1 year note now just shy of 4%, and the 2-year at 3.8% with an increasingly inverted yield curve. And large speculators are not shy in capitalizing on these lower bond prices- […]
US Dollar Japanese Yen (USD JPY) Analysis | Xtreamforex
US Dollar Japanese Yen (USD JPY) Analysis | Xtreamforex The Japanese Yen is on a wild ride lately. But there were some surprise moves earlier, an explanation of these moves could give some explanation on whether or not the USDJPY has hit a ceiling. There are some important implications for the future of the yen, […]
Upcoming Market Updates: NZD, GBP, EUR, CAD, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: NZD, GBP, EUR, CAD, USD NZD: Business NZ Manufacturing Index, it measures Level of a diffusion index based on surveyed manufacturers. GBP: Retail Sales m/m, it measures Change in the total value of inflation-adjusted sales at the retail level. EUR: Italian Trade Balance, it measures Difference in value between imported […]