Canadian Dollar Lifted by CPI, Markets Stabilizing after Panic Selloff
After steep selloff in the Asian markets, sentiments stabilized mildly in European markets. At the time of writing, DAX is trading down -1.45%, CAC down -1.2 and FTSE down only -0.25%. US futures also point to a flat open, and...
How the Fed’s outlook could be worrisome for markets
There’s a deeper hawkish tilt to the Federal Reserve’s outlook for interest rates that could be worrisome for markets. Federal Reserve officials, in their first meeting chaired by Jerome Powell, raised their median forecast for the funds rate for 2019...
Yen Steals the Show on Trade War Worries, Sterling Reversed after Brief BoE Spike
Sterling attempts to rally after BoE rate decisions but failed to sustain gain. On the other hand, Yen is quietly stealing the show on risk aversion. Investors are worried that the world is finally entering into the phase of trade...
BOE Voted 7-2 to Leave Bank Rate Unchanged at 0.50%
BOE voted 7-2 to leave the Bank rate at 0.50%. The members voted unanimously to leave to asset purchase program unchanged at 435B pound. The members were generally positive over the economic outlook, noting that “recent data releases are broadly...
CFETS ramps up its tech partnership with NEX
China Foreign Exchange Trade System (CFETS) is a sub-institution directly affiliated to the People’s Bank of China. Under the strategic objective of becoming the leading global trading platform and pricing centre for renminbi and related products, it provides a series...
Dollar Broadly Pressured after FOMC, Sterling Strong ahead of BoE
Dollar stays broadly pressured today as post FOMC selloff extends. While Fed delivered the widely anticipated rate hike, it maintained the forecast of a total of three hikes in 2018 only, not four. Aussie is the only failing to join...
Fed still expects 3 rate hikes this year, but will pick up the pace in 2019
The Federal Reserve said Wednesday that it sees the federal funds rate at 2.1 percent by the end of 2018, unchanged from its December forecast. But the central bank raised its 2019 projection, saying it sees the benchmark rate at...
USD and NZD Weak ahead of FOMC and RBNZ, Sterling lifted by Job Data
Sterling is staying in the spotlight today as the set of job and wage data boosts the chance of a May BoE hike. The central bank’s announce tomorrow is now rather important as some hawks could come back flexing their...
UK And EU Reached Transition Deal, Erasing Key Uncertainty Of BOE’s Rate Hike Path
Despite initial rally following the announcement of a Brexit transition deal, British pound has retraced much of its gains. Both UK and EU officials have hailed the agreement. While UK’s Brexit negotiator Davis David noted that the deal contains ‘a...
Dollar Turns Soft as Markets Await FOMC Hike, Sterling Looks into Job Data
Dollar trades broadly softer in Asian session today as yesterday’s rebound attempt lost steam. Traders are also turning more cautious ahead of FOMC rate decision. While Fed is widely expected to hike, the main question remains on whether there will...
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