Archive for Economics & Fundamentals – Page 2

Hungary slashes overnight deposit rate, deposit limit

By       Hungary’s central bank left its base rate steady at 0.90 percent but lowered its overnight deposit rate and slashed the amount of funds banks can park at the central bank to counter tighter monetary conditions as it once again pushed back the date for meeting its inflation target.      […]

What will Yellen say?

By Gabriel Ojimadu, Alpari Investors across the world tended towards riskier assets last week. This tendency could extend into the beginning of this week, which would be good for stock indices as well as the euro. It’s worth noting that the losses incurred on assets due to North Korea’s missile launch over Japan were quickly […]

Azerbaijan holds rate, expects no change to stance

By Azerbaijan’s central bank kept its benchmark refinancing rate at 15.0 percent and said an analysis of short and medium-term risks to inflation implied there was no need for any significant correction to its monetary policy. The Central Bank of the Republic of Azerbaijan (CBA), which has maintained its rate since raising it in […]

Your Weekly Fundamental View (Sep 18–22)

By Admiral Markets Need to Know This week is abundant with strong economic data. FOMC and BOJ rate decisions are in focus and traders should be well aware that both the actual data and press releases and/or statements regarding their respective monetary policies should move both the USD and YEN currency basket. Let’s take a […]

EUR/USD: Long at 1.1950, target 1.2250

By EUR/USD: Investors shrugged off weaker U.S. retail sales and industrial output data Macroeconomic overview: U.S. retail sales unexpectedly fell in August and industrial output recorded its biggest drop since 2009 as Hurricane Harvey disrupted activity, suggesting the storm could dent economic growth in the third quarter. Harvey, which lashed Texas in the last week […]

How to Maximize the Value of your Economic Calendar

By Adinah Brown One of the main arguments between fundamental and technical traders is the use and relevance of the economic calendar. Fundamental traders consider it key to much of their trading activities, as it’s a tool for reporting fundamental information. Technical traders have a different interest in economic calendars. Because they don’t trade on […]

FX market: markets await the Federal Reserve’s meeting

By Veselin Petkov, Alpari On Friday the 15th of September, the euro/dollar rate closed slightly up. The US dollar index continued its slide on the back of weak retail sales data for August coming out of the US. Month on month, retail sales fell by 0.2% in August, while the readings for June and July were […]

Monetary policies to remain at center stage

Article by ForexTime Sterling surged above $1.36 last week, reminding investors that central banks remain the strongest drivers of currency markets. GBPUSD has risen 3% in two days, to trade at a 15-month high after the Bank of England signaled to lift rates from record lows. Investors had to adjust their positions aggressively, after realizing […]

This week in monetary policy: Azerbaijan, Kenya, Hungary, Mongolia, USA, Japan, Philippines, Norway, South Africa, Paraguay, Indonesia and Ghana

By     This week (September 17 through September 23) central banks from 12 countries or jurisdictions are scheduled to decide on monetary policy: Azerbaijan, Kenya, Hungary, Mongolia, United States, Japan, Philippines, Norway, South Africa, Paraguay, Indonesia and Ghana.     Following table includes the name of the country, the date of the next policy […]

Global credit markets continue to boom with risk on – BIS

By        Subdued volatility in financial markets, low inflation and a simultaneous expansion in advanced and emerging market economies that has not been seen for a long time continues to boost international bank credit and thus debt, raising the question of how vulnerable balance sheets may be to higher interest rates, according […]

Trump’s Path to IP Wars

By Dan Steinbock As the White House is about to escalate trade friction in intellectual property, it has opted for a flawed, partisan approach.   In mid-August, President Trump asked U.S. Trade Representative Robert Lighthizer, a veteran Reagan administration trade hawk, to open an investigation into China’s intellectual property (IP) practices. The first public hearing […]

Russia cuts rate another 50 bps and expects further cuts

By      Russia’s central bank cut its policy rate for the fourth time this year, as almost universally expected, and held out the prospect of further cuts in the next two quarters depending on inflation.     The Bank of Russia cut its key rate by 50 basis points to 8.50 percent and has […]

Peru cuts rate another 25 bps, next move tied to inflation

By       Peru’s central bank lowered its monetary policy rate for the third time this year and said it would keep an eye on inflation to decide if further changes to the monetary policy stance are necessary.       The Central Reserve Bank of Peru (BCRP) cut its policy rate by 25 […]

BOE maintains policy but prepares to withdraw stimulus

By      The Bank of England (BOE) left key interest rate and its stock of assets unchanged but took a major step toward tightening monetary policy as a majority of its policy makers now judge that “some withdrawal of monetary stimulus is likely to be appropriate over the coming months in order to […]

Hawkish rate “hold” elevates Sterling

Article by ForexTime Investors who were anticipating that soaring inflation in the UK would convert some BoE doves, were left slightly disappointed on Thursday, after the MPC voted 7-2 in favor of keeping the rate unchanged. The initial disappointment triggered a knee-jerk reaction lower on the GBPUSD, before prices rebounded higher, as market players digested […]

The German Federal Election 2017 Explained

By Admiral Markets New elections are just around the corner! Germany will hold its federal elections on 24 September, when members of the Bundestag will be directly elected, and the chancellor (Head of State), indirectly. On the face of it, the German election seems to be generating less attention than the dramatic elections in the […]