Dollar recovers mildly today but there is apparently no follow through buying for a turn around. The greenback is still feeling heavy on dovish Fed which opened the door for rate cut at this week’s FOMC meeting. Weakness in Dollar is also apparent in the strength of Gold, which breaches 1400 handle
The Bank of Japan will on Thursday wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity.
The central bank is expected to keep its benchmark lending rate steady at -0.1 percent, although as always it may be
A 5 part series
During this week I am in Dubai teaching a course on FX trading and I thought this would be a good time to have a series. imaginatively titled, 5 trading mistakes to avoid. So, over the course of the next 5 days there will be a short mini series covering the following five topics:
Euro strengthens broadly in mixed forex markets today. Record wage growth in Q1 is a factor under-pinning the common currency. Poor US economic data also helps. But at this point, strength mainly centers in crosses, against Aussie most notably. Meanwhile, New Zealand Dollar is the second strongest o
Will the Fed pave the way for a cut in July?
The big event this week, will be the FOMC decision and presser on Wednesday (at 2:00 AM ET/1800 GMT). The Fed will also release it's dot plot and expectation for growth, inflation and employment. The market has taken down the expectations for a cut to
BOJ monetary policy meeting coming up on June 19 and 20.
Announcement on June 20 (d'uh) - time, as always, unscheduled (0230 to 0330GMT is a good bet)
There are plenty of mutterings about the place that the Bank will be forced to ease even more this year, but expectations for that at this meeting
ECB releases a report highlighting an increase in the global use of the euro currency from record lows last year
The central bank noted that the rise came mainly due to volatility of US politics and concerns about rising US interest rates, while also attributing the demand for the euro to growing c
Looking ahead, we anticipate the Fed will know more
Greg Ip is out with a very good column about the Fed in the WSJ. The main point he makes is that the Fed's responsibility is to react to events that are beyond its control. They surely hate the idea of a trade war with China but if it happens, the
Couple of brief previews of the US data due 12 June 2019 - CPi for May
CPI could mildly decelerate after a couple of months in which the year-ago rate picked up.
On its own, a change in base effects should drive CPI down to 1.6% y/y.
Seasonal price pressures should be fairly
The Australian stock market, which resumed trading on Tuesday after a holiday in the previous session, is advancing following the positive cues overnight from Wall Street as trade tensions eased after the U.S. and Mexico struck a deal to avoid tariffs being implemented.
The benchmark S&P/ASX 200