Morgan Stanley expect the Federal Reserve to pause at the March meeting – ‘disinflation’
At his press conference following the Federal Open Market Committee (FOMC) statement on Wednesday Federal Reserve System Chair Powell mentioned the “disinflation” word 13 times. After the December FOMC meeting, at his presser, Powell said that word, let me count, zero times. For those divining nuance from the words of a Fed Chair this is […]
US Federal Reserve, ECB and BoE likely to raise interest rates
The attention of investors and traders will be drawn to the US Federal Reserve (Fed), European Central Bank (ECB) and Bank of England (BoE) monetary policy meetings scheduled for today and tomorrow. Market analysts suggest that the three central banks are likely to raise their benchmark interest rates in order to reduce inflationary pressures. On […]
ForexLive Asia-Pacific FX news wrap: Awaiting the Federal Open Market Committee (FOMC)
Major forex rates traded in limited ranges during the session here with traders awaiting the Federal Reserve statement and Powell’s following news conference. ICYMI, previews posted already: News flow of any relevance was basically absent. We did get some data flow though. The New Zealand labour market report for Q4 2022 (official NZ jobs data […]
XAU/USD bulls could emerge ahead of Federal Reserve
Gold price hourly chart shows that the price is being jammed into the lows of the day. Gold price could see a short squeeze for the day ahead as traders get set for the Federal Reserve. The Gold price has drifted lower for a third day and is testing structure as we head towards key […]
Canadian federal government budget deficit shrinks dramatically
The Canadian government is out with its latest budget numbers and they’re stark, thanks to much lower spending and a boost from resource revenues. The April-November budget deficit is C$3.55 billion compared to C$73.7 billion a year ago. To be clear, a decade ago a year-long deficit of $10 billion was seen as a large […]
No Federal Reserve speakers today. ECB President Lagarde is speaking.
At 1745 GMT, which is 1245 US ET ECB President Christine Lagarde is speaking at the Deutsche Börse Annual Reception. Lagarde has been hawkish: As have some of her underlings: And: ADVERTISEMENT – CONTINUE READING BELOW Tags ADVERTISEMENT – CONTINUE READING BELOW Most Popular ADVERTISEMENT – CONTINUE READING BELOW ADVERTISEMENT – CONTINUE READING BELOW Source […]
XAU/USD bulls move in ahead of key events and pending Federal Reserve
Gold price runs higher within the consolidation and towards recent bull cycle highs. Gold price will now depend on key United States economic events ahead. The Federal Reserve is looming and all will be revealed at the start of February. Gold price has been a touch higher at the start of the week, digging into […]
BoA say US federal government will forced to default on a portion of its daily obligations
Bloomberg (gated) have the report of comments from BoA concerning US politics. Specifically the potential for a Reepublican controlled House of Representatives to refuse funding on debt ceiling negotiations “We think it is likely that by late summer or early fall, the federal government will temporarily be forced to default on a portion of its […]
Anticipating Federal Reserve Policy via Labor Market Reporting
The Job Openings and Labor Turnover Summary (JOLTS) numbers were released on Wednesday and the employment situation report is due on Friday. The impact of these reports on upcoming Federal Reserve guidance is something for traders to closely monitor as it carries implications for potential trading opportunities. Jim Iuorio joined NinjaTrader’s Jim Cagnina on a […]
Dollar hands back gains ahead of release of Federal Reserve minutes By Investing.com
© Reuters. By Peter Nurse Investing.com – The U.S. dollar weakened Wednesday, handing back some of the previous session’s outsized gains, with traders looking for fresh clues on future U.S. monetary policy from the minutes of the Federal Reserve’s December meeting. At 02:55 ET (07:55 GMT), the , which tracks the greenback against a basket […]