The last NFP left markets reeling – or at least USD traders. With hurricane Harvey decimating the Gulf Coast disrupting oil refineries and displacing hundreds of thousands of people – a 33,000 drop shouldn’t have been a surprise…
On a day of announcements involving the Federal Reserve it was a keyword used that fueled speculation of who the new Fed chairman will be catching the attention of the markets. First up was the Fed base…
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The post “Solid” and a new chair: Fed base rate decision and the new Fed Chairman? appeared first on Forex news forex trade.
The CAC index is showing little movement in the Thursday session. Currently, the CAC is trading at 5,507.80, down 0.12% on the day. On the release front, French Final Manufacturing PMI remained unchanged at 56.1, missing the estimate of 56.7 points. Eurozone Final Manufacturing PMI improved to 58.5, just shy of the forecast of 58.6 […]
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BOE Nov Minutes: MPC Voted 7-2 to Raise Bank Rate to 0.5% BOE Nov Minutes: 2 Voted to Keep Rate Unchanged BOE Nov Minutes: 7 Voted to Increase Rate BOE Deputy Governors Ramsden and Cunliffe Voted To Leave Rate At 0.25% BOE Rate Rise Is First Since Global Financial crisis BOE Cites Lowered Economic “Speed […]
Jerome Powell, said to be President Donald Trump’s pick to be the next Federal Reserve chairman, is set to take the reins of the world’s most important central bank at a time when the U.S. economy is on a roll. Keeping it going will be his biggest challenge.Growth is accelerating, inflation is tame and unemployment […]
The Canadian dollar is showing little movement in the Thursday session. Currently, USD/CAD is trading at 1.2849, down 0.13% on the day. In economic news, there are no Canadian events on the schedule. The US will release unemployment claims, which is expected to tick upwards to 235 thousand. Traders should be prepared for some movement […]
The post USD/CAD – Canadian Dollar Steady, US and Canadian Job Numbers Next appeared first on Forex news forex trade.
The DAX has posted considerable gains in the Wednesday session. Currently, the DAX is at 13,442.00, down 0.21% on the day. On the release front, German numbers were within expectations. Final Manufacturing PMI remained unchanged at 60.5, just shy of the estimate of 60.6 points. Unemployment Change declined by 10 thousand, close to the estimate of -11 […]
The euro continues to have a quiet week. In the Thursday session, EUR/USD is trading at 1.1647, up 0.24% on the day. On the release front, there were a host of Manufacturing PMIs out of the eurozone. German Final Manufacturing PMI remained unchanged at 60.5, just shy of the estimate of 60.6 points. Eurozone Final Manufacturing […]
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Thursday November 2: Five things the markets are talking about In the U.K the Bank of England (BoE) is expected to hike interest rates for the first time in more than a decade (+0.25 bps to +0.5% at 08:00 am EDT) on the back of inflation running well ahead of the central banks +2% target. […]
Despite improvement in some economic indicators, the Australian economy’s progress lags that of most other developed countries. In view of this, the International Monetary Fund (IMF) reduced its growth forecast for Australia’s economy to 2.2% in October, from…