Post Tagged with: "interest rate"
More Strong Vigilance? ECB Preview
The ECB is expected to leave the interest rate unchanged after the hike last month. The big question is which code words will Jean-Claude Trichet use at the press conference. Here are three factor pushing for a hawkish stance, and three factors pushing for a dovish one. ECB Preview. After two years, the European Central
Don’t Rule Out an Australian Rate Hike
Australia’s central bank faces a tough dilemma as it needs to tackle rising inflation on the background of a soaring currency. Here’s a preview for the Australian rate decision. The Reserve Bank of Australia will release the new interest rate on Tuesday, May 3rd, at 4:30 GMT. There is a wide market consensus that Glenn
FOMC Statement Fails To Lift Dollar
The FOMC Statement contains no surprises. There’s no mention of what will happen after QE2 ends. Without a clear commitment to stop printing dollars, the greenback slides against other currencies, but ranges aren’t broken, as the market awaits the press conference. EUR/USD is at 1.47, USD/JPY stops the rally it had earlier in the day,
Forex Daily Outlook – April 27 2011
British GDP, inflation data in Europe and the historic press conference by Ben Bernanke which accompanies the decision about QE2 are the highlights of a very busy day. Let’s see what awaits us today. In the US, Fed Governor Ben Bernanke is about deliver a press conferences regarding the US economy and USD Value
USD/CAD Edges Up After Rate Decision
As expected, the Bank of Canada left the Overnight Rate unchanged. This decision, that contained concerns about the strength of the Canadian dollar, was widely expected by the markets. USD/CAD is trading slightly higher, under the resistance line. The rate statement that was released with the rate decision, talks about inflationary pressures from commodity prices,
AUD/USD – Too Good To Be True?
AUD/USD closes the week at 1.0560, breaking every record, every resistance line and also gravity on the way. There are many good reasons for a stronger Aussie. Here’s a nice list of 5 major factors. There may be even more. But there are signs that the pair is running out of air. Will we see
Trichet Is Less Hawkish – EUR/USD Falls
Jean-Claude Trichet talks about the rate decision and keeps the tension high. He is slightly less hawkish and doesn’t hint about future moves. Update. EUR/USD is now below the critical line, after very choppy trading. Wrap up The press conference has ended. All in all, Trichet hinted that no rate hike is coming in the
The FX significance of higher ECB rates
Much has been made of the economic implications of today’s anticipated ECB interest rate increase, not least the fact that it’s likely to make matters worse for the periphery, rather than better. Nevertheless, there are two reasons why at least in the short-term, it’s of significance for FX. Guest post by FXPro Firstly, the ECB
Buy the Rumor, Sell the Fact? ECB Preview
EUR/USD enjoyed the implicit and explicit talks about a rate hike in the Euro-zone. But now, as the moment of truth has arrived, the outcome for the common currency could be very different. Here’s a preview for the ECB rate decision, with 5 scenarios. Rate Hike vs. Debt Crisis In the previous press conference that
The worsening debt threat under the euro
Of course, one of the more remarkable aspects of the past week has been the resilience of the euro in the face of the underlying developments of the sovereign debt crisis. This could well be repeated later today when Ireland publishes the results of the latest stress tests on its banking sector, where nationalisation of