UK Inflation Readings Nothing to Worry About for the BoE
UK CPI readings were a mixed bag. Headline CPI came in at 2.2%, exactly in line with expectations.
Thu, 19 Sep 2024 02:00:00 -0400
Bank of England Preview: No Change in Rates, November Hints will Limit Pound Support
There are strong expectations that the Bank of England will hold interest rates at 5.00% at this week's policy meeting. - Markets are pricing in around a 75% chance of rates being held at 5.00%.
Thu, 19 Sep 2024 02:00:00 -0400
BoE expected to keep interest rate unchanged at 5% as price pressures persist
After a close call in August, the Bank of England's (BoE) September interest rate decision is keenly awaited for fresh cues on the bank's future policy action and the pace of its bond sales.
Thu, 19 Sep 2024 02:00:00 -0400
Switzerland August trade balance CHF 4.56 billion vs CHF 4.89 billion prior
Prior CHF 4.89 billion; revised to CHF 4.88 billion This article was written by Justin Low at www.forexlive.com.
Thu, 19 Sep 2024 02:00:00 -0400
The central bank bonanza continues with the BOE today
The Fed gave market players what they wanted with a 50 bps rate cut yesterday. And the aftermath so far has been.
Thu, 19 Sep 2024 01:46:38 -0400
Fed outsized rate cut draws muted reaction, but calm may not last
Investors who anticipated furious market swings following the U.S. Federal Reserve's bumper rate cut saw more of a muted reaction. That may be fleeting.
Thu, 19 Sep 2024 01:06:05 -0400
After jumbo Fed rate cut, market hopes ride on US soft landing
One of the most consequential Federal Reserve meetings in recent history has put investors' focus squarely on one question: whether the central bank has kicked off its rate cutting cycle in time to keep the economy from slowing too rapidly.
Thu, 19 Sep 2024 01:03:28 -0400
Rupee rises to six-week high after Fed rate cut, importer dollar bids pick up
The Indian rupee rose to its strongest level in over six weeks on Thursday after the Federal Reserve kicked off policy easing with a 50-basis-point rate cut, but traders expect importer dollar bids to limit the currency's immediate gains.
Thu, 19 Sep 2024 00:59:29 -0400
Goldman Sachs now sees Fed cutting by 25 bps at each meeting until June next year
The firm is changing up their call after the Fed moved more aggressively to start things off with a 50 bps rate cut here. Their previous call was for the Fed to only perform quarterly cuts in 2025.
Thu, 19 Sep 2024 00:59:27 -0400
Markets continue to digest Fed decision as central bank gives in to 50 bps calls
The kneejerk reaction was for a weaker dollar as yields came off slightly as well. But all that didn't last too long as the yields bounced back alongside the dollar.
Thu, 19 Sep 2024 00:56:57 -0400
Morning Bid: UK inflation to keep BoE on cautious path
A look at the day ahead in European and global markets from Rae Wee
Thu, 19 Sep 2024 00:38:00 -0400
No Fireworks After Fed Cut, Attention Turns to BoE
Market reactions were indecisive after Fed's much-anticipated rate cut overnight. The initial optimism that sparked a rally in US stocks quickly fizzled out, with major indexes closing in the red, while Treasury yields staged a recovery.
Thu, 19 Sep 2024 00:33:38 -0400
Netherlands, The Unemployment Rate s.a (3M) rose from previous 3.6% to 3.7% in August
Netherlands, The Unemployment Rate s.a (3M) rose from previous 3.6% to 3.7% in August
Thu, 19 Sep 2024 00:30:50 -0400
Rupee rises 6 paise to 83.70 against US dollar in early trade
The rupee appreciated by 6 paise to 83.70 against the US dollar, driven by positive investor sentiment following the US Federal Reserve's interest rate cut. Lower crude oil prices, strong domestic equity markets, and foreign fund inflows also supported the rupee.
Thu, 19 Sep 2024 00:29:13 -0400
Japanese Yen remains subdued as Fed's Powell says 50 bps cuts are not a new pace
The Japanese Yen (JPY) has trimmed its intraday losses but remains weaker against the US Dollar (USD) on Thursday. Despite the US Federal Reserve's (Fed) aggressive 50 basis point (bps) interest rate cut on Wednesday, the risk-sensitive JPY continued to depreciate.
Thu, 19 Sep 2024 00:13:41 -0400
Indonesia's parliament passes Prabowo's maiden budget
Indonesia's parliament on Thursday passed President-elect Prabowo Subianto's maiden budget for 2025, with spending set at 3,621.3 trillion rupiah ($237 billion) and the fiscal deficit projected to be 2.53% of gross domestic product.
Thu, 19 Sep 2024 00:08:08 -0400
Australia's August Labor Market Data Shows Strength Despite High Interest Rates
Better-than-expected Australian labor market data are supporting RBA's hawkish stance and has put the Aussie in the green against its counterparts.
Thu, 19 Sep 2024 00:00:00 -0400
Australia's employment grows 47.5k in Aug, labor market remains tight
Australia's employment grew by a robust 47.5k in August, significantly exceeding expectations of 25.3k. While full-time employment declined slightly by -3.1k, part-time jobs saw a sharp increase of 50.6k, boosting the overall figure.
Wed, 18 Sep 2024 23:46:53 -0400
New Zealand GDP contracts – 0.2% qoq in Q2, manufacturing offers some resilience
New Zealand's GDP contracted by -0.2% qoq in Q2, slightly better than the expected -0.4% qoq decline. Despite the overall negative figure, 7 out of 16 industries posted increases, with manufacturing leading the growth.
Wed, 18 Sep 2024 23:37:30 -0400
Fed sees higher 'terminal' rate, reached sooner: McGeever
Beyond the immediate headlines generated by the Fed's 50 basis point interest rate cut, it is policymakers' revised outlook for the fed funds rate's eventual destination, and how soon it takes to get there, that matters more.
Wed, 18 Sep 2024 23:33:42 -0400