Archive for Economics & Fundamentals

This week in monetary policy: Ghana, Kenya, Japan, Nigeria, Argentina, Paraguay, Fiji, Malaysia, Norway, Ukraine, euro area and Malawi

By     This week (January 21 through January 27) central banks from 12 countries or jurisdictions are scheduled to decide on monetary policy: Ghana, Kenya, Japan, Nigeria, Argentina, Paraguay, Fiji, Malaysia, Norway, Ukraine, the euro area and Malawi.     Following table includes the name of the country, the date of the next policy […]

USD sinks as politicians cut it close to avoid government shutdown

By Orbex Blog Daily Forex Market Preview, 19/01/2018 The U.S. dollar was drifting lower as the dollar index weakened due to U.S. politicians cutting it close with passing the spending bill to avoid a government shutdown. While the House passed the bill yesterday, the Senate must now approve the spending bill in order to avoid […]

USD surges on positive risk sentiment

Article by ForexTime The USD surged back into focus today as markets were more upbeat about the USD and the prospects for the future. This came on the back of a crypto currency pullback that sent some investors panicking, but for the majority of traders the USD was the big winner today when it came […]

What Really Happens in Iran?

US New Sanctions amid Iran’s Transition and Pivot to the East By Dan Steinbock Iran’s recent volatility reflects US effort to undermine the nuclear accord as Iran is amid economic transition and increasingly looking toward the East. At the end of December, a series of protests against economic policies erupted in Iran. As they spread, […]

Kazakhstan cuts rate 50 bps, open about further cuts

By        Kazakhstan’s central bank lowered its base rate by 50 basis points to 9.75 percent, saying this was  “based on the lower level of the actual inflation rate by the end of 2017 in contrast to the forecasted trajectory, the estimates of further deceleration of the inflationary processes, the continuing weak […]

USD falls to a 3-year low. CPI data doesn’t help

By Orbex Blog Daily Forex Market Preview, 15/01/2018 The U.S. dollar plunged to a three year low on Friday as investors flocked to the euro amid rising optimism of accelerated growth. The U.S. dollar index closed last week at 90.60. The declines came following the BoJ’s surprise announcement to reduce its longer dated bond purchases […]

Despite expectations of further tightening, bruised dollar not finding support

Article by ForexTime Many traders have been caught by surprise by the extent of the dollar’s decline over the last week. The USD index fell below 91 for the first time since January 2015, and Friday’s 0.96% drop was the second biggest since January 2017. More surprisingly, the U.S. data released over the last week […]

This week in monetary policy: Kazakhstan, Canada, South Korea, Indonesia, Turkey & South Africa

By     This week (January 14 through January 20) central banks from 6 countries or jurisdictions are scheduled to decide on monetary policy: Kazakhstan, Canada, South Korea, Indonesia, Turkey and South Africa.     Following table includes the name of the country, the date of the next policy decision, the current policy rate, the […]

UPDATE – 2018 Global Central Bank Monetary Policy Calendar

By      (Following item is updated with the central banks of Indonesia, Israel, Kyrgyz Republic, South Africa, South Korea and Turkey)     Herewith the 2018 calendar for meetings by central bank committees that decide monetary policy.    This following table includes scheduled meetings for more than 35 of the world’s central banks. In the event that […]

Will December’s US inflation report rescue the Dollar?

Article by ForexTime The Dollar sharply depreciated against a basket of major currencies on Friday after weaker-than-expected U.S. factory inflation data doused market optimism over inflation accelerating in 2018. U.S. producer prices dished out a downside surprise by falling 0.1 in December which was the first decline in nearly 18 months. With yesterday’s soft factory […]

EUR/USD long close to the target, eyes on U.S. CPI data now

By Macroeconomic overview: The European Central Bank should revisit its communication stance in early 2018, accounts of its December meeting showed, suggesting that policymakers could soon start preparing markets for the end of the bank’s massive stimulus scheme. With the euro zone seeing its best growth in a decade, the ECB should gradually shift […]

ECB minutes stall euro’s declines

By Orbex Blog Daily Forex Market Preview, 12/01/2018 The ECB meeting minutes from the December monetary policy meeting released yesterday came with some hawkish surprises. According to the minutes, ECB officials discussed about tweaking its forward guidance during the coming months, depending on the economic data. The markets reacted with the euro being bid higher […]

Peru lowers rate another 25 bps, may cut further

By        Peru’s central bank continued its easing campaign by cutting its monetary policy rate by another 25 basis points to 3.0 percent, repeating its recent guidance that it is paying close attention to inflation and would consider further changes to its policy stance if necessary.       The Central Reserve Bank […]

Serbia maintains rate, still sees easing inflation in H1

By      Serbia’s central bank kept its key policy rate at 3.50 percent, as expected, confirming that it still expects inflation to move within its target tolerance band although it is likely to drop below the midpoint in the first half of this year due to the comparison with petroleum products that saw […]

Fixed income markets to dominate FX & equities moves

Article by ForexTime The outstanding performance for equities which sent many major indices to record highs may have just paused. Asian stocks were trading broadly lower on Thursday after Wall Street notched its first daily decline in 2018.  It was neither economic data nor earnings that prompted the declines, but rather the selloff in U.S. […]

Yen extends gains as investors digest BoJ’s announcement

By Orbex Blog Daily Forex Market Preview, 11/01/2018 The Japanese yen continued to strengthen significantly across the board and investors digested news about the potential tapering. On Tuesday, BoJ announced that it would reduce its bond purchases on the longer term 20 and 40 year bonds. This led the markets to react to the news […]