Share: Christine Lagarde, President of the European Central Bank (ECB), explains the ECB’s decision to leave the key interest rates unchanged in October and responds to questions from the press. ECB press conference key quotes “The economy is likely to remain weak for the rest of the year.” “The economy should strengthen over
BANK OF CANADA DECISION: Bank of Canada holds rates steady at 5.00% for the second month in a row, in line with expectations The bank says that inflationary risks have increased and that it is prepared to raise borrowing costs further if needed USD/CAD rises after BoC’s decision, but fails to break out decisively Trade
EUR/USD OUTLOOK: The euro falls sharply against the U.S. dollar, failing to sustain Monday’s breakout Weak economic data in Europe weighs on the common currency The ECB’s policy decision may set the tone for the euro later this week Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from
The announcement is coming at 0100 GMT, which is 2100 US Eastern time. The RBNZ is widely expected to leave its cash rate target on hold, but: The Reserve Bank of New Zealand is likely to want to see Q3 inflation data, which will be released on 16 October, and labour market data on the
Market Recap Recommended by Jun Rong Yeap Get Your Free Equities Forecast Another push higher in Treasury yields kept risk sentiments broadly in check, as the US 10-year yields surged to touch another new high since 2007 at 4.68%. A lesser-than-expected contraction in US manufacturing purchasing managers index (PMI) reading (49 vs 47.8 est), along
Gold (XAU/USD) Analysis, Price, and Chart US 2yr yields near highs last seen in 2007. Gold unable to break resistance ahead of the latest Fed decision. Learn How to Trade Gold Recommended by Nick Cawley How to Trade Gold US Treasury yields are pressing against multi-year highs as markets continue to price in higher inflation
Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nasdaq 100, Nikkei 225 Analysis and Charts Dow slumps following Fed decision The index saw a substantial reversal yesterday and has moved back towards the lows of last week.The 100-day SMA could now provide some support, but below this,the 34,000 level and the 200-day SMA
Pre-QA comments from chair Powell: Fed is squarely focused on dual mandate Fed has covered a lot of ground, full of facts have yet to be felt We can proceed carefully Our decisions will be based on assessments of data and risks Growths in real GDP has come in above expectations Consumer spending particularly robust
© Reuters. Investing.com – The U.S. dollar traded in a steady fashion in Europe Wednesday ahead of the conclusion of the latest Federal Reserve policy meeting, while sterling weakened after a surprise drop in the headline U.K. inflation rate. At 03:10 ET (07:10 GMT), the Dollar Index, which tracks the greenback against a basket of
US Dollar Scenarios Ahead of FOMC – Price Setups: The US dollar’s short-term uptrend remains intact ahead of the FOMC meeting. The Fed is highly likely to keep rates unchanged. The Statement of Economic Projection could be particular interest. How is the greenback likely to react? Recommended by Manish Jaradi Trading Forex News: The Strategy
