forex news

ECB monetary easing warranted, flash GDP growth and inflation eyed next – Forex News Preview

Posted on July 30, 2019 at 12:32 pm GMT

The Flash Harmonized Consumer Price Index (HCPI) and initial GDP growth estimates will be on the watchlist early on Wednesday. Following a dovish policy meeting by the European Central Bank last week, the data could assure markets that further monetary easing is the right choice for the months coming ahead. What markets don’t know yet though is the size and the duration of the upcoming stimulus package, with investors and hence the euro eagerly waiting this week’s data to give [..]

ECB to guide on more stimulus – Forex News Preview

Posted on July 23, 2019 at 12:18 pm GMT

Three months before Draghi’s departure, chances for a looser monetary policy are rising higher as heightening global risks are threatening to keep the European Central Bank (ECB) on guard. Nevertheless, more stimulus will likely be a matter of guidance for the future at Thursday’s policy meeting rather than an order for execution despite expectations for a weaker flash composite PMI. Eurozone flash Composite PMI to inch lower The ECB is struggling as Eurozone economic indicators have yet to show any sign of improvement, while [..]

RBA minutes suggest interest rates set to remain lower for longer

Posted on September 20, 2016 at 1:55 pm GMT

The Reserve Bank of Australia released minutes on Tuesday of the latest policy meeting two weeks ago. Markets watched to see if they provided more clues as to the current outlook of the central bank on the economy. However, there was not much new from the RBA’s decision statement on September 6. At least the minutes were not dovish and indicated that more easing was off the table for now and probably until next year. The RBA was optimistic about [..]

FX Daily Outlook| 20-11-15

Posted on November 20, 2015 at 9:46 am GMT

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Chinese October trade data disappoint, add to case for stimulus

Posted on November 10, 2015 at 9:21 am GMT

Chinese October trade numbers, out on Sunday, were disappointing for those that expected that Chinese growth should be picking up. In fact, there was disappointing news both regarding domestic as well as external demand. Analysts were expecting exports to fall by 3% year-on-year (compared to the previous month’s 3.7% drop), whereas imports were anticipated to be 16% lower compared to the previous month’s big 20.4% reduction. In fact, the drop in exports was a more severe 6.9% and the reduction [..]

Swiss Franc rises after SNB maintains negative rates

Posted on September 17, 2015 at 9:53 am GMT

At its quarterly policy meeting on Thursday, the Swiss National Bank left the target range for the three-month LIBOR unchanged, between −1.25% and – 0.25%. The interest rate on sight deposits with the SNB remains at –0.75%. These rates were in line with expectations and the Swiss Franc strengthened after the announcement. In reaction to the news, the euro dropped to 1.0945 francs after having reached a high of 1.0976. The dollar fell to 0.9666 from 0.9718 francs. In a [..]

Forex News – Yen rallies after Bank of Japan keeps stimulus at 80 tln yen

Posted on September 15, 2015 at 10:05 am GMT

The Bank of Japan kept its current loose monetary policy on hold today despite weak Japanese economic data over recent weeks. This means that the Bank’s annual asset-buying scheme worth 80 trillion yen remains unchanged. Some analysts had expected further policy easing given that data showed Japan’s economy shrank 0.3% in the three months to June. In addition there were concerns over a slowdown in China and an impending rate hike in the US. Despite these worries, the Bank was [..]

China’s industrial output misses forecasts, raising concern over health of economy

Posted on September 14, 2015 at 10:19 am GMT

Data out of China over the weekend suggest that the economic slowdown is deepening in the world’s second largest economy, thereby increasing the chance of more stimulus. On Sunday, data showed China’s factory output and fixed-asset investment were both weaker-than-expected in August. While retail sales were the bright spot, overall it could be seen that the Chinese economy faces headwinds and that the foundation for high economic growth is not solid. This puts pressure on the government to seek further stimulus [..]

Bank of England minutes reveal gradual turn towards rate hike- as expected

Posted on July 22, 2015 at 9:35 am GMT

The minutes from the Bank of England meeting of 8 July, showed that Monetary Policy Committee members were unanimous in their decision to keep interest rates unchanged at 0.50%. Although on its own this might have disappointed sterling longs, the other details contained in the minutes were positive for the pound as they were in the direction of higher interest rates in the future. There was some speculation that a 7-2 vote could arise (i.e. 7 members in favor of [..]

Forex News – Bank of Japan holds stimulus steady, warns of negative inflation

Posted on March 17, 2015 at 10:05 am GMT

The Bank of Japan announced today that it left its monetary policy unchanged. After concluding up a two-day policy meeting which began on Monday, the BoJ refrained from expanding its stimulus program under which it pumps 80 trillion yen into the financial system annually. The central bank’s policymakers maintained their view that Japan’s economy has “continued its moderate recovery trend.” Speaking at press conference in Tokyo following the policy announcement, BoJ Governor Haruhiko Kuroda said the following: “There’s absolutely no change [..]

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