BoE to Strike Cautious Tone as Brexit Uncertainty Reigns
The BoE is widely expected to keep policy unchanged via a unanimous 9-0 vote on Thursday, at 1200 GMT. Focus will be on the updated economic forecasts, the likelihood for rate hikes – or cuts – this year, and Governor’s...
Australia Dollar Crashes After Dovish Statement By The RBA
The Australian dollar declined sharply after the central bank introduced the probability of a rate cut. In a statement, the governor said that there were scenarios where the next move in interest rates was up and other scenarios where it...
Little News In Trump’s State Of The Union Speech
Market movers today In the euro area, German factory orders for December will be in focus after last months’ marked declines. Markets will especially keep an eye on whether orders from car manufacturers, which declined by -8.8% y/y in November,...
New Zealand Jobs Growth Likely Slowed in Q4; May Put Kiwi Rebound at Risk
Employment data out of New Zealand will be watched on Thursday (Wednesday, 21:45 GMT) as investors try to gauge the Reserve Bank of New Zealand’s next move ahead of the central bank’s policy meeting the following week. Recent economic indicators...
MARKET WRAP: Bond Yields Dropped And Stocks Moved Higher
Risk on trade was the most popular trade once again and this pushed the equity markets higher. However, we also saw the gold price and Japanese yen moving higher as well. Stocks The S&P 500 index jumped 0.2 percent as...
Aussie Jumps After Hawkish RBA Statement
The Japanese yen was little moved against the USD in the Asian session as the country’s service PMI numbers came out better than expected. The numbers from Nikkei-Markit showed that the services PMI were at 51.6 in January, up from...
Trump And Powell Meet In The White House
Market movers today In the UK, the PMI services index for January will give us a first glimpse into how the economy started out in 2019. Amid the ongoing Brexit uncertainty, we think the index will be broadly unchanged around...
RBA to Tell the Same Story But With Different Language
Following the Fed, the RBA comes next in line to decide on monetary policy. The first meeting of 2019 at 0330 GMT on Tuesday is expected to extend the historic period of inaction to 29 months, though with the Fed, the world’s...
USD/JPY – Dollar Punches Past 110 as Yen Slips
USD/JPY has posted considerable gains in the Monday session, continuing the upward trend seen on Friday. In North American trade, the pair is trading at 109.95, up 0.41% on the day. It’s a quiet day on the release front, with...
Aussie Drops As Investors Wait For Government Report On Banks
The USD was little moved in the Asian session. This comes after the Labor department released jobs numbers that were better than expected. In January, the economy created more jobs than had earlier been expected. For a second month in...
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