# Central Banks

#Central Banks

Federal Reserve

US Dollar holds gains

The dollar held on to big gains on Wednesday ahead of today's Federal Reserve's minutes. The Fed releases the minutes of its July policy meeting at 1800 GMT, after European markets have...
Bank Of England

Is the BoE ready to hike rates?

Sterling held above 1.32 against the dollar early Thursday as traders eagerly await the  Bank of England's policy meeting today. Bond yields declined from July highs but remained elevated, as some...
Bank of England

Bank of England unlikely to hike

To hike or not to hike: What chance is there the Bank of England will raise interest rates at this month’s policy meeting? Markets are pricing in very little chance of rates...
Bank Of England

Cable Likely to be Buoyant as Bank of England Set to Meet

The Cable experienced another week in the green as the pair reacted to both the U.S. FOMC and UK GDP results. However, it was largely the FOMC’s lack of hawkishness that...
Euro Dollar

Dollar hits 31-month low against euro; aussie gains following RBA statement

The US dollar hit a more than two-and-a-half-year low against the euro during yesterday’s late session, with the euro breaching the 1.18 mark. The dollar index fell to its lowest level since...
Australia

Phillip Lowe fails to pull back the Aussie

As widely anticipated the Reserve Bank of Australia kept its cash rate unchanged at 1.5%. Traders who were positioned for a dovish statement were disappointed despite the central bank saying that a...
Australian Dollar Currency

RBA reiterate currency concerns whilst avoiding a classic jawbone

It’s well known that a higher exchange rate is a headache for the RBA, so AUD’s break of 80c made this a core focus of today’s statement. The higher AUD was clearly...
Reserve Bank of Australia

Post RBA Rate Decision

As widely expected no policy change and as equally anticipated the RBA  did mention that the exchange rate is providing headwinds on growth, but current price action is the key. AUDUSD has...
Euro Currency

July FOMC: A Minor Dovish Twist Completes A Perfect Storm For EUR/USD

Danske Bank Research comments on today's July FOMC policy statement. "As expected, the Fed maintained the target rate at 1.00%-1.25%. As this was a small meeting without updated projections and a press conference,...
New Zealand Dollar Currency NZD

Fed’s inflation concern weakens dollar; aussie, kiwi at two-year high

It was a relatively quiet data day in forex markets prompting traders to dwell over yesterday’s events, namely the Federal Open Market Committee (FOMC) meeting. As a result of the Federal Reserve’s...
FOMC - Janet Yellen

Dollar bruised by Fed caution

The Dollar tumbled to fresh 13-month lows against a basket of currencies during early trading on Thursday, after July’s Federal Reserve policy statement was presented with a dovish touch. Although the...
Janet Yellen - Federal Reserve

Dollar resumes the unwind as Fed fail to impress

Despite the mention of balance sheet reduction beginning 'relatively soon' markets sent the Dollar to fresh lows as they continue to doubt fed's ability to raise once more this year. Summary of...
Federal Reserve FOMC Stocks

US dollar slides on Fed statement

Investors continued to exude positivity as markets in Europe closed higher yesterday, boosted by more gains in commodity prices. Copper prices hitting two-year highs, while crude oil touched their highest levels in...
Bank of Japan

Central Banks Back in Focus on Tuesday

A relatively subdued session in Asia overnight is providing little direction ahead of the European open on Tuesday, with indices currently seen opening a little higher. Divisions Within The BoJ The summer period...
Europe

Euro surges despite efforts to calm markets, EURGBP, CAD

The Euro moved to a 2-year high following the ECB meeting, despite their being no changes to policy or real indication and refusal to discuss stimulus. In an apparent effort to calm...
Mario Draghi

Euro shrugs off Draghi’s dovish narrative

Despite all the central bank focus yesterday European and US equity markets finished the day on a rather mixed note. While the FTSE 100 closed strongly higher, due to the weak pound,...
Mario Draghi

No Muss no fuss

No Muss no fuss While the ECB’s guidance remains unchanged, the central bank lack of concern on the surging euro was a strong enough signal to send traders scrambling for top side...
European Central Bank

Why The ECB Should Prepare the Market For Tapering

For the first time in nearly six quarters, we have seen some life coming back in the lending survey. Although the numbers are not extraordinarily outstanding, at the same time,  they do...
Japanese Yen

Yen weakens following BoJ meeting; aussie gains on healthy job market

Forex markets experienced more volatility today as it was busier one compared to others this week. The yen weakened against the dollar following the release of the Bank of Japan monetary...
Mario Draghi

ECB the main event after Bank of Japan holds

While most of the focus this week has been on today’s European Central Bank rate meeting, the Bank of Japan also met earlier today, and unsurprisingly left policy unchanged, though they...
Mario Draghi

Will Draghi Drop Any Tapering Clues?

It’s been a busy start to trading in Asia on Thursday and that’s not expected to ease up, as we get the ECB monetary policy decision this afternoon followed by what...
European Central Bank

Eurozone inflation cools ahead of ECB meeting

Eurozone inflation was softer in June but core inflation managed to pick up ahead of the European Central Bank policy meeting later this week. Inflation dropped to 1.3% from 1.4% the preceding...
Canadian Dollar

USD/CAD: Loonie Strength To Send BoC To The Sidelines; Where To Target?

CIBC FX Strategy Research argues that while CAD strength could extend towards a temporarily closing in on 1.25, it will also be a key factor in sending the BoC to the sidelines, letting a...
Mario Draghi

Markets calm ahead of ECB, BoJ meetings; oil pressured on US inventories

It has been a quiet overnight session ahead of what could be a stormy Thursday with the European Central Bank and the Bank of Japan holding their policy meetings. Most majors traded in a narrow range,...
Australian Dollar Currency

Is a Higher Aussie Dollar Complicating Rebalancing?

The Australian Dollar has seen a stunning run over the past few weeks as the currency pair has been buoyed by a range of increasingly negative U.S. economic data. In particular,...
Australia

Dollar pressured against all majors; RBA minutes push aussie to 2-year high

As the Asian trading session was about to close, the US dollar was trending downward against most currencies on overnight news that the repeal of Obamacare is getting another push-back. The...
Mario Draghi

The week ahead: Draghi’s turn to drag the Euro?

Last week the greenback was the biggest loser among all major currencies. The dollar index slipped to a 10-month low, while the Euro, the Pound, the Lonnie, and the Aussie all...
Mario Draghi

EU inflation in focus ahead of this week’s ECB rate meeting

While last week saw new records for US markets and a positive week for European stocks, the US dollar finally gave up all of its post-Trump gains, as investors weighed up...
Federal Reserve

US Data Eyed After Yellen’s Comments

European futures are pointing to a slightly higher open on Friday, adding to gains from earlier in the week which have broadly been triggered by the possibility of slower tightening from...
FOMC - Janet Yellen

Yellen sends dollar low against majors; euro recovers; aussie firms

The dollar eased against the yen on Wednesday, following Federal Reserve Chair Janet Yellen’s dovish speech. The dollar index fell 0.23% during the Asian session today, confirming weakness in the US...

LATEST

GBP recovers to 1.29 on surprise UK wages data

Great British Pound Currency
The UK wages growth surprised on the upside, as the British households saw their average earnings improved...

UK unemployment falls again to lowest since 1975, wage growth still lacklustre

Employee at Steel Plant China
Britain's unemployment labour market bucked tepid economic growth in the second quarter as the unemployment rate unexpectedly...

US Dollar holds gains

Federal Reserve
The dollar held on to big gains on Wednesday ahead of today's Federal Reserve's minutes. The Fed releases...

Dollar Torpedos Gold Whilst Oil Checks Its Inventory

Gold Commodity
Huge inventory draw saves crude’s blushes as a stronger dollar twists the knife in gold’s side. The American...

EUR/CHF: Limited Downside Risks From Current Levels; Staying Long

SWISS FRANC
Credit Agricole CIB FX Strategy Research argues that EUR/CHF faces limited downside risks from current levels on the ground that...
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