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19:00 h (London time) > FED Interest Rate Decision!!! > Current 0.5%, Consensus 0.5%. Update 0.5%!!! 19:00 h (London time) > FED’s Monetary Policy Statement!!! There was not much of expectations from FED today, everything stays the same.
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Euro bulls are chasing Mr.Draghi each time in 2016. when he anounce some specific easing monetary measures from the ECB, or when he try to weaken the euro by dovish talk. Let’s see how will this ended today!? At first, we have a rates decision and 45 minutes latter Monetary policy statement and press conference and that will be more important for the market moves!
Read moreLike there is not enough crazy moves today, we still have FOMC minutes in about an hour. What could we expect from the officials today? Same old stance and dovish statements or something more hawkish? Who could tell that in a times like this one, when even they don’t know what to do with rates and monetary policy after Decembers
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And we can see that from yesterday FED’s decision to leave all rates unchanged. I was sure that the FED will hike yesterday, because all FED’s conditions (data-depended) have been fulfilled. Long-term unemployment forecats is 4.7-5.0%, right where the official unemployment rate is currently, while the Core PCE of 1.7% is already higher than the high range of the FED’s 2016 year
Read moreCan we see another surprise in March after ECB’s from the last week? Why not!? The market reaction was strong, but totaly oposite from the expectation. Whether it was preparing for today’s surprise from FED? It’s possible. If FED raise rates today, the US dollar gain could be limited, if we take a look where it was on end of February.
Read moreAs usual, there is no fixed time, this is the expected time of announcement. There is no expectation of a change of policy from BOJ, that’s why the focus will be on the press conference early in the morning. High volatility at the JPY pairs is expected! 03:00 h (GMT) – Interest rate decision!!! 》 Current -0.1%, expectation -0.1%. 》Update
Read moreCan we see more stimulans from the ECB today? As I see it, it’s more likely to see an aditional stimulans from Draghi, then not. He promised for several times to do whatever it takes to keep the economy in good shape, with the likelihood of more stimulus to be announced. Let’s face it, the economy is far away from
Read moreGold buyers are trying to push the price up, but strong daily down trend line is holding on the way up at 1247 today. You can see on my chart that the gold is moving true the daily triangle in the last two weeks, after the precious metal has reached Monthly MA100 on February 11. It’s bullish in the last
Read moreIn about 15 minutes, the Federal Open Market Committee will publish the minutes of its January 26./27. meeting. Market players will be focused on the language, as they will search for clues on whether the FED could hike rates again in the next meetings. Mrs. Janet Yellen is aware of the current global problems, which directly are connected with the US economy and growth and
Read moreIn about 1 hour and 30 minutes, BoE interest rate decision is coming up. The market expectation is from BoE to stay with rates unchanged at 0.5%. 45 minutes latter, BoE’s governor Carney have speech and that will be important for the Pound furder move, which is extremely bullish vs US dollar in the last two days. Low inflation and weak
Read moreThe AUD is wating for the interest rate decision tonight. The market expectation is that, the Reserve Bank of Australia will stay with rates at 2%. What will be important is the Govenor Glenn Stevens statement. What he wants is for AUD to stay low, that’s for sure. Recent AUD’s fall gives boost to the economy and govenor will try
Read moreMr.Draghi will speech today in front of the European Parliament about ECB’s annual report for 2014. During it, the President will answer on questions from the Parliament members and that could be the interesting point for the market and possible moves. Mr.Draghi will give some points to the current outlook and certainly will look at the effectiveness of current measures from ECB’s QE.
Read moreBank of Japan Interest rate decision and Monetery policy statement is coming up at 03:00 h (GMT). The market is expecting from BOJ to keep the rates unchanged, as policy makers are belive that underlying inflation is improving. Altough, the low oil price and lower consuption is continues to push inflation away from the target of 2%, easing is not
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