The markets were relatively weak last week. However, the exception was the Canadian dollar, which was pressured by the drop in oil prices and the sharp rise in the BoC. The loonie closed slightly higher against the yen, which was almost flat. The Swiss franc,
what you read here:1 FOMC2 BoE3 ECB The Week Ahead: FOMC, BOE, ECB and CPI A Busy Week Ahead of the Christmas Holidays FOMC Federal Reserve meets this week on Wednesday. According to the CME FedWatch tool, markets are expecting a 75 percent chance of a 50
Christine Lagarde, president of the European Central Bank (ECB) gave a speech at 3:30 pm. on Dec. 8. As head of the European Central Bank, which sets short-term interest rates, he has a major impact on the value of the euro. Traders follow his speeches
Gross domestic product (GDP) measures annual changes in the inflation-adjusted value of all goods and services produced by the economy. It is the most comprehensive measure of economic activity and the primary indicator of economic health. A release of higher
The Bank of Canada’s interest rate statement is the Bank’s primary tool for communicating its monetary policy to investors. It contains the outcome of their interest rate decision and an explanation of the economic conditions that influenced their
The Reserve Bank of Australia’s (RBA) monthly interest rate statement contains the outcome of the Bank’s interest rate decision and explains the economic conditions that influenced the decision. It may also provide investors with guidance on the
The Institute for Supply Management (ISM) Non-Manufacturing Purchasing Managers’ Index (PMI), also known as the ISM Services PMI, is a business report which is calculated as an indicator of the overall health of the non-manufacturing economy. These
The employment report has always been one of the three most significant reports of the United States and the forex market. This data assesses the number of people employed in the past month other than in the agricultural industry, government employees,
Gross Domestic Product (GDP) measures the annual changes in the inflation-adjusted value of all goods and services produced in the economy. This is the most extensive measure of economic activity and the primary indicator of economic health. Canada releases
The dollar index fell by 5% last month and at the same time, it dropped by more than 10% against the euro in the same period. The pair was trading at 0.9541 on October 28 and continued to hit a highest level of 1.0544 on December 2. Federal Reserve’s