Archive for Economics & Fundamentals – Page 2

Poland holds rate as H1 growth seen down from H2 2017

By       Poland’s central bank left its benchmark reference rate at 1.50 percent, as widely expected, saying the country’s economy will continue to face favorable conditions in coming quarters although growth in the first half of 2018 will probably be lower than in the second half of 2017.      The National […]

Yen strengthens on rumors of BoJ tightening

By Orbex Blog Daily Forex Market Preview, 10/01/2018 The U.S. dollar was seen extending it’s gains from the previous day. The lack of economic data on the day saw the markets focusing on rumors that the Bank of Japan could be reducing its bond purchases. The Japanese yen strengthened significantly across the board, rising 0.34% […]

Argentina cuts rate 75 bps as disinflation seen continuing

By       Argentina’s central bank lowered its monetary policy rate by 75 basis points to 28.00 percent to prevent “a contractionary bias of monetary policy” as the disinflationary process is persisting despite expectations that inflation in December will reflect a strong rise in the regulated prices of gas and electricity.      […]

The Way to the New Cold War

By Dan Steinbock Despite continued nuclear threats, all US postwar presidents have failed to reset relations with Russia. Why? The “New Cold War” between the US and Russia began a decade ago. The elevated tensions in the Korean Peninsula are only a part of the collateral damage around the world. But what led to the […]

Romania hikes rate for first time since Aug. 2008

By        Romania’s central bank raised its monetary policy rate by 25 basis points to 2.0 percent, a move that was largely expected, citing rising inflation in coming months from faster-than-expected economic growth, tax cuts and lower administered prices.       It is the National Bank of Romania’s (NBR) first change in […]

A critical week for the US Dollar after a fragile start

Article by ForexTime After having the worst annual performance since 2003, the dollar continued to struggle in the first trading week of 2018. The dollar index fell to a three-and-a-half-month low to trade below 92, leaving many traders wondering whether this year will be another devastating one for the greenback. When looking at the Commitment […]

This week in monetary policy: Romania, Argentina, Poland, Israel, Serbia and Peru

By     This week (January 7 through January 13) central banks from 6 countries or jurisdictions are scheduled to decide on monetary policy: Romania, Argentina, Poland, Israel, Serbia and Peru.     Following table includes the name of the country, the date of the next policy decision, the current policy rate, the result of […]

Robust ADP payrolls raises the bar for December NFP

By Orbex Blog Daily Forex Market Preview, 05/01/2018 Data from the UK saw the services PMI edging slightly higher. The services sector activity rose 54.2, beating estimates of 54.1 and ending up slightly higher than November’s 53.8 reading. Private payrolls hiring was seen rising robustly on the back of the holiday season. Data from ADP/Moody’s […]

Australasian currencies fly high on USD weakness

Article by ForexTime The commodity currencies have leapt into action with the Australasian ones being the dominate players in today’s market. With the USD weakness continuing in the new year climate, traders have been quick to benefit and they are capitalising at a rather ferocious pace. But what is most surprising is that US economic news […]

Robust economic growth & loose monetary policy remains the central theme

Article by ForexTime Equity investors across the globe are finding no reasons to take profits after an excellent performance in 2017. Asian stocks are trading at record highs after Japan kicked off the first trading day of 2018, European markets are poised for a higher open today despite cautiousness amid the launch of new market […]

UPDATE – 2018 Global Central Bank Monetary Policy Calendar

By      (Following item is updated with the Central Bank of Sri Lanka)     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 meetings by monetary policy committees take […]

FOMC minutes give some life back to dollar bulls

Article by ForexTime The latest FOMC minutes have given the bulls something to be happy about, as the FED once again looked to keep the pace of rate hikes in the near future. There were some key takeaways from the meeting and the most pressing was that FED officials expect inflation to rise to 2% […]

FOMC minutes under the spotlight; Will dollar bulls attack?

Article by ForexTime Investors kicked off 2018 on a positive note sending U.S. stocks to fresh highs on the first trading day. The optimistic approach on day one was supported by encouraging economic data from China, where the Manufacturing Purchasing Managers’ Index for December beat expectations by coming in at 51.5 versus expectations of 50.6.  […]

Dominican Rep. maintains rate, sees higher 2018 growth

By        The Central Bank of the Dominican Republic (BCRD) maintained its monetary policy rate at 5.25 percent and forecast that economic growth would accelerate to between 5.0 and 5.5 percent in 2018 from around 4.5 percent by the end of 2017 as monetary conditions are expected to remain favorable.       The BCRD reiterated […]

We expect further EUR/USD rise in 2018

By Macroeconomic overview: 2017 has seen a downward correction in the USD. It has been aided by the US administration’s ongoing messy handling of politics and the pickup in growth in the rest of the world, but the fact of the matter is that the greenback had long been substantially and stubbornly overvalued. In […]

Markets open to a new trading week and a new year!

By Orbex Blog Daily Forex Market Preview, 02/01/2018 The markets opened after the holiday season with a relatively quiet trading scene. The euro managed to post some gains on the last trading day of the year, as the U.S. dollar weakened into the final trading hours. The weaker greenback led to the commodity markets holding […]