FxWirePro: The Day Ahead- 13th July 2017

Jul 13, 2017 04:37 am UTC| Commentary Central Banks

Lots of economic data and events scheduled for today and some with high volatility risks associated. Data released so far: China: Trade balance for June came at $42.77 billion. Imports are up 17.2 percent, while...

Bank of Canada hikes key interest rate by 25 bps, another hike likely in October

Jul 12, 2017 22:08 pm UTC| Commentary Central Banks

The Bank of Canada hiked its key monetary policy interest rate by 25 basis points to 0.75 percent on Wednesday. The central bank upgraded the growth outlook again, expecting the economy to expand 2.8 percent in 2017 and 2...

UK employment hits record high, but wage growth falls further behind inflation

Jul 12, 2017 12:13 pm UTC| Insights & Views Economy Central Banks

UKs already impressive unemployment rate took another dip in the three months to May, data from the Office for National Statistics showed on Wednesday. UK ILO jobless rate came in at 4.5 percent in three months to May...

FxWirePro: Streaks of signals pop up to short EUR/CZK – Falling wedge, whipsaws with bearish EMA crossover indicate extreme weakness

Jul 12, 2017 11:44 am UTC| Technicals Central Banks

EURCZK spot prices slide in falling wedge formation, as and when the abrupt upswings are observed the bears have been active at 21DMA (on the daily chart). Very recently, you could very well observe the failure swings...

FxWirePro outlook: Euro likely to rise further towards 1.19 against dollar

Jul 12, 2017 10:03 am UTC| Commentary Central Banks

The hawkish commentaries from the European Central Bank (ECB) are pushing the single currency higher as the data continue to indicate a stronger economic recovery in the monetary Union. The euro is currently trading at...

Fed Hike Aftermath Series

Fed Hike Aftermath Series: Key comments from Lael Brainard

Jul 12, 2017 08:58 am UTC| Commentary Central Banks

Lael Brainard, the member of the Federal Reserve Board of Governors and a permanent member of the rate hike committee indicated that while she supports the beginning of the trimming of the Federal Reserves $4.5 trillion...

FxWirePro: Two currencies among EMFX lure on monetary policy stimulus and current account surplus

Jul 12, 2017 08:14 am UTC| Central Banks Research & Analysis Insights & Views

CNBs latest board minutes, from June, portray an increasingly confident central bank, convinced that all domestic macroeconomic parameters are now consistent with (gradual) normalization of monetary policy. The main...