Archive for Economics & Fundamentals – Page 2

EUR/USD: Long for 1.1960

By Macroeconomic overview: The euro rose to a more than two-week high on Tuesday as investors resumed buying risky assets in Europe on growing expectations that economic growth will remain strong against a backdrop of record low interest rates. Eurostat confirmed that the Eurozone economy advanced 0.6% on quarter in the three months to September […]

UK Inflation Expected To Accelerate

By Orbex Blog Daily Forex Market Preview, 14/11/2017 The markets were seen trading a bit subdued in yesterday’s session. The US dollar managed to hold its ground amid a quiet trading day. Oil prices were seen trading mixed as OPEC reported that crude oil supply declined 0.46% during the month of October. The report showed […]

Sterling slides, Bitcoin tumbles & Investors seeking more clarity on tax reforms

Article by ForexTime Sterling fell more than 0.5% early Monday, after the Sunday Times reported yesterday that 40 Conservative Party MP’s agreed to sign a letter of no confidence in the Prime Minister, Theresa May. While this remains short of the 48 votes needed to force a new leadership, it still creates much frustration amongst […]

Street Talk: What are the Top Performing Cryptocurrencies?

By Adinah Brown In this article we take to the “streets”, or rather the trading chat sites, to ask those on the coal face, i.e. the traders, what are the cryptocurrencies that they think show the most promise? By that we mean a return of 100% growth within the course of one year. This is […]

This week in monetary policy: Chile, Iceland, Indonesia and Egypt

By     This week (November 12 through November 18) central banks from 4 countries or jurisdictions are scheduled to decide on monetary policy: Chile, Iceland, Indonesia and Egypt.     Following table includes the name of the country, the date of the next policy decision, the current policy rate, the result of the last […]

Delay in corporate tax cuts pulls equities and the dollar

Article by ForexTime President Donald Trump and corporate America may not be satisfied with the revised Senate Republican tax plan. The dollar and global equities received a hit on news that Republican senators are likely to delay the introduction of corporate tax cuts until 2019. The reaction in markets wasn’t a surprise given that investors […]

US-China Trade at Global Crossroads

By Dan Steinbock Despite “America First” policies, President Trump’s economic agenda needs expanding trade with China. President Donald Trump began his grueling 12-day Asia tour amid US Special Counsel’s first indictments, which cast a shadow over the White House’s future. Nevertheless, Trump and President Xi Jinping were able to sign deals worth US$253 billion, which […]

Dollar sentiment hurt on delays to tax reforms

By Orbex Blog Daily Forex Market Preview, 10/11/2017 The lack of any clear macroeconomic drivers has kept the markets broadly subdued. Investors sold off the US dollar as the proposed tax reforms were rumored to be delayed. The US Senate Republican plan for delaying the corporate tax cuts to 2019 saw even the equities falling […]

Peru cuts rate 25 bps, will consider more cuts if needed

By       Peru’s central bank cut its monetary policy rate for the fourth time this year, a move that was expected by some but not all analysts, and again said it would pay close attention to new information about inflation to consider, if necessary, further changes in its monetary policy stance.    […]

Mexico holds rate, NAFTA poses risk to inflation, growth

By       Mexico’s central bank maintained its benchmark at 7.0 percent, as widely expected, saying uncertainty from the renegotiation of North American Free Trade Agreement (NAFTA) poses an upside risk to inflation and a downside risk to economic growth.       But the Bank of Mexico (Banxico), which had kept its rate […]

Philippines maintains rate, inflation seen in target

By        The Philippines’ central bank kept its key overnight reverse repurchase rate (RRP) at 3.0 percent, as expected, saying inflation is still expected to remain within the government’s target range for 2018 and 2019 despite trending upwards on higher utility rates and fuel prices.        But Bangko Sentral ng Pilipinas […]

Malaysia keeps rate but may review easy policy stance

By       Malaysia’s central bank left its benchmark Overnight Policy Rate (OPR) at 3.0 percent but took the first step toward tighter monetary policy by saying it “may consider reviewing the current degree of monetary accommodation” given strong strong global and domestic economic conditions.       Voicing confidence about the outlook for […]

RBNZ keeps interest rates on hold

By Orbex Blog Daily Forex Market Preview, 9/11/2017 The Reserve Bank of New Zealand left the overnight cash rate unchanged at its monetary policy meeting. The central bank acknowledged that the outlook for the economy was somewhat improving. The Kiwi dollar was seen posting some modest gains on the back of the interest rate decision. […]

Hawkish hold by RBNZ sends NZD higher

Article by ForexTime It’s rate day for the Reserve Bank of New Zealand (RBNZ) and as expected the official cash rate (OCR) was held at 1.75%. Markets had not expected any change as the RBNZ continues to look at the impact of a change in government and inflation starting to taper off. One thing was […]

Thailand holds rate, monitors inflation, domestic demand

By       Thailand’s central bank kept its policy rate steady at 1.50 percent, as widely expected, but said the “strength in the recovery of domestic demand and inflation developments must be monitored” although the overall outlook for economic growth continued to improve due to strong exports.       The reference by the […]

USD/CAD: Poloz neutral on rates. Short for 1.2550

By USD/CAD: Poloz neutral on rates Macroeconomic overview: Bank of Canada Governor Stephen Poloz defended the use of inflation targets and reiterated that policymakers will be cautious about future interest rate moves even as encouraging signs of wage growth show up. With two rate hikes behind him, Poloz said the central bank had a good understanding […]