RBA Extends Asset Purchases of AUD 100B Until September
RBA announced to extend the asset purchase program by an additional AUD100B as the current program ends in mid- April. Meanwhile, it has turned more upbeat about the global and domestic economic outlook, and upgraded GDP and employment forecasts. RBA...
Australian Dollar Softens after RBA Expands QE, Euro Pressing Key Support Again
Australian Dollar softens mildly after RBA expands asset purchases by another AUD 100B. Also, it pledges to keep interest rate unchanged at current level until at least 2024. On the other hand, New Zealand Dollar and Canadian Dollar are the...
BOE Preview – Awaiting Updates on Negative Rate Policy and Economic Projections
There are several things to watch for this week’s BOE meeting: 1) updates on the review of negative interest rate; 2) adjustment to QE; 3) economic projections. All policy measures will stay unchanged this week with the Bank rate unchanged...
China Monetary Tightening? Not so Fast
Summary For the past week or so, the People’s Bank of China (PBoC) seems to have engaged in sporadic operations that effectively tighten monetary policy in China. Pulling liquidity out of China’s financial system has pushed short-term borrowing rates higher,...
Fed’s Bostic says economy could recover more quickly than expected
Atlanta Federal Reserve President Raphael Bostic said Monday that he’s not worried about the U.S. economy overheating, though he does think growth could happen faster than many expect. In an estimate well ahead of most of his colleagues, Bostic, a...
CBO sees rapid growth recovery, labor force returning to pre-pandemic level by 2022
A worker uses a hoist to assemble a car seat at the Lear Corp. manufacturing facility in Hammond, Indiana. Jim Young | Bloomberg | Getty Images U.S. economic growth will recover “rapidly” and the labor market will return to full...
Upbeat RBA Could Lift Aussie, But All Eyes on Stocks
The Reserve Bank of Australia (RBA) will wrap up its latest meeting at 03:30 GMT Tuesday. No policy changes are on the menu, so any reaction in the aussie will come down to the signals in the accompanying statement and...
Turkish Lira Rises to Five-Month High vs Dollar on Break of Key Barriers and Upbeat Data
The Turkish lira is among top gainers on Monday, advancing 1.6% against the US dollar since opening in Asia and on track for further advance. Last week’s break of pivotal 200DMA generated positive signal, with fresh acceleration through next key...
Currency pair of the week: GBP/AUD
One month after the Brexit trade deadline, Britain is already looking to join a new trading bloc, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which includes countries such as Japan, Australia and Canada. This would allow the UK...
Swiss in Broad Based Selloff While Silver Steals the Show
Swiss Franc’s selloff is a major focus in the forex markets today, in particular, as it breaks through a key support level against Sterling. The development somewhat drags down the Euro too. The Pound and Dollar are currently the stronger...
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