Archive for Economics & Fundamentals

UPDATE-This week in monetary policy: Ghana, Hungary, Nigeria, Argentina, Paraguay, South Korea, South Africa, Ukraine, Pakistan & Colombia

By     (Following item is updated with Pakistan’s central bank, the State Bank of Pakistan (SBP), which will announce its monetary policy for the next two months on Friday, May 25.)      This week – May 20 through May 26 – central banks from 10 countries or jurisdictions are scheduled to decide […]

EUR and NZD come under pressure

Article by ForexTime The Euro has been having a bad couple of weeks recently as political uncertainty continues to weigh heavily on the Euro, and a resurgent USD has caused some weakness as well. The main focus over the last few weeks has been the recent Italian elections with the five star party coming to […]

How TIME’s Bremmer Got Duterte Wrong

By Dan Steinbock Today, global dominant media is often exploited as a tool of coercive diplomacy. The recent Time commentary on the Philippines president is a case in point. The real story is behind the story. In early May, Time magazine released the feature story, “The Strongmen Era,” by Ian Bremmer, the venerable president of […]

Pound finds a friend in BoE’s Vlieghe, Gold gains

Article by ForexTime The battered Pound was thrown a temporary lifeline on Tuesday, after hawkish remarks from MPC committee member Gertjan Vlieghe slightly stimulated UK rate hike expectations. Vleighe stated during his parliamentary reappointment hearing that interest rates could rise up to six times over the next 36 months. Sterling jumped to an intraday high […]

U.S. – China trade truce optimism fades in Asia

Article by ForexTime U.S. investors got overexcited on Monday after Treasury Secretary, Steven Mnuchin, announced over the weekend that the trade war with China was “on hold.” The relief over trade concerns sent stocks sharply higher, particularly the heavyweight industrial stocks. Boeing, United Technologies, Caterpillar and General Electric were the best-performing stocks on the Dow […]

Intraday Analysis 22nd May 2018 – USD maintains gains as trade tensions ease

By Orbex Daily Forex Market Preview, 22/05/2018 The U.S. dollar continued to strengthen on Monday. The gains came as the markets opened to the weekend news reports about the U.S. Treasury Secretary announcing that the U.S. had put on hold its trade war against China. Both administrations are expected to chalk out a mutually beneficial […]

AUD lifts on positive risk sentiment

Article by ForexTime It has been a positive day for the Australian dollar today as the markets were buoyed by increased risk sentiment. Clearly markets have been enjoying the strong USD over the last few weeks, but are looking to expand their horizons and the Australian dollar has come back into focus as a result. […]

Ghana cuts rate 100 bps on subdued risks to inflation

By       Ghana’s central bank lowered its monetary policy rate by a further 100 basis points to 17.0 percent on subdued risks to the inflation outlook and “while global and domestic developments do not yet pose a threat to inflation in the near term, recent changes in global financing conditions and its […]

Dollar strengthening slows on tepid inflation

By IFCMarkets US dollar net short bets declined to $9.80 billion from $10.84 billion against the major currencies during the previous week , according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to May 15 released on Friday May 18. The dollar strengthening slowed as the consumer price index rose 0.2% on month […]

Key market events to watch this week

Article by ForexTime Trade war on hold  – for now Asian stocks gained on Monday morning as investors learned that the U.S. and China agreed to drop the tariff threats against each other while they continue to work out an agreement. This was the second round of trade negotiations without clearly defined targets, suggesting that […]

This week in monetary policy: Ghana, Hungary, Nigeria, Argentina, Paraguay, South Korea, South Africa, Ukraine & Colombia

By     This week – May 20 through May 26 – central banks from 9 countries or jurisdictions are scheduled to decide on monetary policy: Ghana, Hungary, Nigeria, Argentina, Paraguay, South Korea, South Africa, Ukraine and Colombia.     Following table includes the name of the country, the date of the next policy decision, the […]

Markets cautious on US – China trade talks

Article by ForexTime Investors have entered today’s trading session adopting a cautious stance thanks to conflicting reports over the progress of high-level trade talks between the US and China. Sentiment was initially boosted following reports of China proposing to purchase $200 billion worth of American goods in a bid to reduce its trade surplus with […]

Canada inflation and retail sales in focus

By Orbex Blog Daily Forex Market Preview, 18/05/2018 The U.S. dollar was seen maintaining steady ground on Thursday. Economic data for the day saw the release of the weekly unemployment claims which rose higher than expected to 222k. The Philly Fed manufacturing index post strong gains, rising to 34.4 beating estimates of 21.1. The euro […]

AUD struggles in market enviroment

Article by ForexTime The Australian dollar got some positive news for a change as it faced off against the USD and won a round for the bulls after a month of bearish pressure. This has been positive on the fact that the Australian economy in the employment sector has performed better than most expected with […]

Unstoppable USD hammers Gold & Yen; China trade talks in focus

Article by ForexTime The ongoing relentless rally in the US Dollar has yet to show any convincing signs that it is running out of steam.  The Greenback maintained its level close to its 2018 high during trading on Thursday and the current forecast is that the unexpected turnaround in fortunes in the US Dollar could […]

US – China trade talks in focus, Gold hammered

Article by ForexTime Asian stocks closed mostly mixed, while European shares have struggled for direction ahead of today’s high-level trade talks between the US and China. Global sentiment could receive a boost if there are any signs of the two sides finding a middle ground through trade negotiations. While another “no deal” scenario has the […]