Fed Maintains Neutral Stance, BoE To Follow
The Fed finally sounded less concerned than many market participants had thought initially. The buck has been surging against most peers while safe haven JPY and CHF also appreciated following the announcement. However, things appear to be turning now: the...
Fed Remains on Hold; Cuts IOER; Maintains Patient Pledge
The Fed kept rates interest rates steady and stuck to the patient script. The Fed reiterated that they will be patient as it determines what future adjustments to the target range for the federal funds rate may be appropriate to...
Japanese Yen Gains Ground, Investors Eye FOMC Rate Statement
USD/JPY continues to lose ground this week. In Wednesday’s North American session, the pair is trading at 111.16, down 0.24% on the day. On the release front, there are no Japanese events this week, so U.S. indicators will have a...
Pound Punches to 2-Week High, BoE Decision Looms
GBP/USD continues to move higher this week. In North American trade, GBP/USD is trading at 1.3070, up 0.28% on the day. On the release front, British BRC Shop Price Index slowed to 0.4% in April, after a strong gain of...
Pound Finds Renewed Strength Ahead Of FOMC, BoE And NFP
The British pound, which has so far outperformed its major rivals in 2019, has found renewed strength over the past couple of days. At the time of writing, the GBP/USD was hitting new highs on the week at 1.3075, while...
FOMC Preview: IOER Cut Possible, But Neutral Outlook Likely For Another Month
Last month, the Federal Reserve made a major shift toward neutral policy, with 11 of the 17 FOMC members anticipating no further interest rate changes this year. Against that backdrop, this month’s meeting is more likely to provide an update...
New Zealand Employment to Bounce Back in Q1 but May Fail to Lift kiwi
Labour market indicators will be published in New Zealand on Wednesday at 10:45 local time (Tuesday, 22:45 GMT), in what will be the last major release before the Reserve Bank of New Zealand’s policy meeting on May 8. With rate...
“Tarrified” Part III: European Union The Next Target of U.S. Tariffs
Highlights With the USMCA awaiting ratification and trade talks with China nearing conclusion, the U.S. administration has turned its attention to other trade imbalances. The European Union and Japan – partners that have maintained persistent merchandise trade surpluses – are...
Fed Meets as Rate-Cut Bets Mount
The Fed will announce its policy decision on Wednesday at 18:00 GMT. No action is expected, so Chair Powell’s remarks in the subsequent press conference (18:30 GMT) will likely steal the show. Inflation has cooled lately, which combined with still-elevated...
Euro-Zone’s M3 Money Supply Climbed To Its Highest Level In 14-Months In March
For the 24 hours to 23:00 GMT, the EUR rose 0.30% against the USD and closed at 1.1184. On the macro front, the Euro-zone’s M3 money supply advanced to 14-month high of 4.5% on an annual basis in March, surpassing...
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