Australian CPI (Consumer Price Index), which is released each quarter, measures the change in the price of goods and services charged to consumers. A reading which is higher than the market forecast is bullish for the Australian dollar. Here are all the details, and 5 possible outcomes for AUD/USD. Published on Wednesday at 1:30 GMT. … “AUD/USD: Trading the Australian CPI”
Month: April 2016
Japanese Yen Gains Ahead of BOJ Meeting
Japanese yen is heading higher today, gaining ground ahead of an upcoming Bank of Japan meeting. There is a bit of uncertainty about what’s next for the Japanese economy, and what policymakers will do about it. Japanese yen is moving off its recent lows today, heading a little bit higher against its major counterparts as Forex traders look forward to an upcoming Bank of Japan meeting. Yen has … “Japanese Yen Gains Ahead of BOJ Meeting”
EUR/GBP: Market Poll?
The Bank of England decided to leave its current policy unchanged at the most recent Monetary Policy Committee meeting of 14 April. The BOE remained focused on the British economy. The statement referred to low food and energy prices which the bank expects to increase over the course of the year. In particular, it referred … “EUR/GBP: Market Poll?”
US Dollar Slightly Lower Ahead of Fed Meeting
Greenback is slightly lower today, giving up some of its recent gains as Forex traders consolidate their positions. Many analysts and traders are looking forward to the Federal Reserve meeting later this week, trying to gauge what the next move will be. Most of the focus the first part of this week will be on the two-day Federal Reserve meeting. Many wonder if the Fed will use rhetoric to test … “US Dollar Slightly Lower Ahead of Fed Meeting”
USD: FOMC To Turn Less Dovish Next Week? – Credit
The Federal Reserve is expected to leave policy unchanged in April but this doesn’t mean no market moves. Can the Fed lift the dollar? Here is their view, courtesy of eFXnews: Our economist remains of the view that the next policy move is most likely to occur at the June meeting. Financial conditions have fully … “USD: FOMC To Turn Less Dovish Next Week? – Credit”
JPY: Trading BoJ: Preview, Strategy, Risk – BofA Merrill
Tension is much higher after the recent reports that the BOJ could be willing to pay banks for them to lend. What’s in store for the April 28th meeting? Here is a preview from Bank of America Merrill Lynch: Here is their view, courtesy of eFXnews: The BoJ is scheduled to hold its Monetary Policy Meeting … “JPY: Trading BoJ: Preview, Strategy, Risk – BofA Merrill”
Euro Ends Trading Weak, Keeps Ground vs. Safe Currencies
The euro fell against most of its major peers this week as the outlook for the monetary policy of the European Central Bank remained dovish. The currency showed better performance against safe currencies like the Japanese yen and the Swiss franc. Whatever chances the euro had for a rally, they were evaporated after the ECB meeting. The central bank did not make a move just yet, but remarks from President Mario Draghi were … “Euro Ends Trading Weak, Keeps Ground vs. Safe Currencies”
Oil Gives Canadian Dollar a Bump
Canadian dollar is getting a bit of a bump against its major counterparts today, thanks in large part to higher oil prices. With oil prices gaining again, that is helping the loonie, and should provide some support for the economy, although more swings are likely. The story of the Canadian dollar the last few months has been tied to oil, and its swings in the market. Canada relies heavily on oil, and the recent market … “Oil Gives Canadian Dollar a Bump”
3 Reasons To Stay Bearish EUR/USD M/T Targeting Parity –
EUR/USD is sliding to lower levels within recent ranges, a day after the ECB’s move, but perhaps there’s much more in store. Here is their view, courtesy of eFXnews: In a note today, Deutsche Bank outlines 3 reasons behind maintaining its medium term bearish EUR/USD view: First, despite recent Fed dovishness, the real rate differential … “3 Reasons To Stay Bearish EUR/USD M/T Targeting Parity –”
Australian Dollar Gains amid Confused Market Sentiment
Commodity currencies were mixed today as disappointing earnings of US companies did little to help in buoying the investors’ sentiment, but the rally of crude oil was lending support. The Australian dollar was the strongest among most-liquid commodity currencies, gaining on its major rivals. Quarterly earnings of US companies were mixed. Among losers were Alphabet, Microsoft, Visa and Starbucks. This soured the mood of investors. At the same time, oil prices … “Australian Dollar Gains amid Confused Market Sentiment”