The Latest in Forex News & Analysis.

July 23 week

By CR | July 19, 2018 7:03 pm | 0 Comments

Somewhat light event/economic data schedule for July 23 week after G20 Finance Minsters & Central Bank Governors meeting in Buenos Aires, Argentina over the weekend.

ECB meeting on Thursday expected to keep rates unchanged.

July 16 week

By CR | July 13, 2018 4:53 pm | 0 Comments

Econ data release for the week of July 16,

There will be a G20 meeting of Finance ministers and Central Bank Governors in Buenos Aires, Argentina on July 21 and 22.

BOC rate decision

By CR | July 11, 2018 1:13 pm | 0 Comments

Bank of Canada raised its official interest rate by 25bp to 1.50% as expected.

Not much change in the statement except for some lines mentioning about increasing risk from trade tensions.

$CAD dropped to 1.3065 low before recovering all the way back up to mid 1.31, BOC Governor Poloz press conference also reiterated trade tensions and NAFTA uncertainties.

July 9 week schedule

By CR | July 9, 2018 1:13 pm | 0 Comments

Bank of Canada is expected to raise its official rate by 25bp this Wednesday, OIS market has priced in 91% chance of a 25bp hike.

Thursday’s US June CPI could see some stronger reading on the back of recent higher Oil price, while core CPI is expected to be +0.2% mom.

FOMC Minutes

By CR | July 5, 2018 3:07 pm | 0 Comments

FOMC Minutes from June meeting is out, modestly hawkish tone overall;

  • Price moves support 2% inflation outlook.
  • Gradual hikes needed amid very strong economy.
  • Gradual hikes could take FF rate above the neutral level sometime next year
  • Important to watch yield curve slope
  • Concerned by risks from a trade war

July 2 week schedule

By CR | June 27, 2018 7:11 pm | 0 Comments

Quite a busy week except Wednesday July 4th US holiday,

Main focus should be US NFP number on Friday, market forecasting 198k NFP and 3.8% unemployment rate.

 

ECB decision and press conference

By CR | June 14, 2018 3:17 pm | 0 Comments

ECB left rates unchanged as expected, announced tapering from October to December then end QE by the end of December.

ECB President Draghi’s press conference were more dovish with main comments below;

  • See increasing uncertainties from risks
  • Dont’ want to underplay risks
  • Softer patch seemed to extend into 2nd quarter
  • Expect rates to remain unchanged to at least summer of 2019
  • Did not discuss about the timing of a rate hike

June 11 week schedule

By CR | June 8, 2018 3:32 pm | 0 Comments

Extremely busy week with several important events across the globe.

Tuesday June 12: US-North Korea Summit in Singapore

Wednesday June 13: FOMC meeting

Thursday June 14: ECB meeting, and World Cup Soccer open

NO NAFTA IS BETTER THAN BAD NAFTA

By CR | May 29, 2018 4:03 pm | 0 Comments

Canadian Prime Minister Trudeau said “No NAFTA is better than a bad deal and we’ve made that very clear to the (US) president”.

$CAD onto 1.30 handle for the first time since early March.

May 28 week schedule

By CR | May 27, 2018 7:46 pm | 0 Comments

Monday May 28 is a holiday in both UK and USA

Main event would be Friday’s US Labor data, market consensus +190k NFP and 3.9% unemployment

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