General information
The European Central Bank is set to announce its rate decision at 13:15 GMT today (Thursday, March 16th). In short, EURUSD is perhaps likelier to react to market sentiment, rather than the fundamental actions of the ECB today.
16 March 11:14
More tightening would be good for the dollar which has struggled with the banking contagion issues.
15 March 10:53
All eyes were on Fed Chair Powell and his semi-annual testimony to the Senate Banking Committee on Tuesday. And he grabbed the headlines big time as he chose to go large on his inflation-fighting credibility.
8 March 12:26
Get ready for a rollercoaster ride across global FX markets this week! The calendar in focus for investors and traders is packed with central bank meetings and rate decisions, a semi-annual Congress appearance from the most powerful banker in the world, and the latest US jobs report.
6 March 10:42
Last month was strong on upbeat US economic data and hawkish Fedspeak, with some officials putting 50bp rate hikes back on the table at their meeting in a few weeks’ time. Money markets have strongly repriced the Fed rate hike cycle with the peak rate up towards 5.50% seen in the summer.
1 March 11:20
We get fresh inflation numbers out of the eurozone on Thursday with the headline reading expected to reveal a modest slowdown.
27 February 10:49
The latest theme in FX markets has been characterised by the recent big bounce back in both nominal and real USD rates and the general re-tightening of global financial conditions.
22 February 11:42
Amid a holiday-shortened week for US equities, FX markets will continue looking out for the latest clues surrounding the Fed’s intentions for raising US interest rates.
20 February 10:52
The latest US CPI data showed us that the headline rate for prices rose 6.4% in January – a small slowdown from the prior month but higher than economists had predicted.
15 February 11:05
The recent move higher in the greenback for dollar bulls has stalled after Fed Chair Powell offered little new to his previous comments from last week’s FOMC meeting.
8 February 12:17
The Reserve Bank of Australia’s policy meeting on Tuesday is expected to see another 25bps hike which takes the benchmark cash rate to 3.35%.
6 February 10:36
All eyes are on the FOMC later today. A 25bp rate hike is nailed on so the focus will be on what Chair Powell has to say, both in the statement and his press conference.
1 February 11:16
Strap yourselves in for a pivotal week in financial markets as we get rate decisions by the Fed, ECB and the BOE all within 18 hours or so of each other.
30 January 08:59
The world’s premier reserve currency continues to languish near its recent lows with price action remaining relatively rangebound and choppy so far this year.
25 January 12:21
Although USD/JPY is now trading back above the psychologically-important 130 level, at least Yen bulls may take heart from the fact that this FX pair remains firmly in the downtrend that began back in October.
18 January 11:06
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