Central Banks
All Eyes on Jackson Hole Economic Symposium
All Eyes on Jackson Hole Economic Symposium The annual Jackson Hole Economic Symposium is sponsored by the Federal Reserve of Kansas City and is annually held in Wyoming. It is an exclusive central bank conference which fosters open discussions on global policy matters. The event is closely watched by market participants and has the potential to af...
RBA August Statement
The Main Headlines of the RBA August Statement By Philip Lowe, Governor: Monetary Policy Decision The Board decided to leave the cash rate unchanged at 1.00 per cent. The outlook for the global economy remains reasonable. The persistent downside risks to the global economy combined with subdued inflation have led a number of central ban...
Dissecting the FOMC Statement
Dissecting the FOMC Statement The US Federal Reserve cut interest rates overnight by 25 basis points, taking the US Federal Funds rate to 2.25%. The rate cut was mostly seen as a hawkish one. In the press conference, Chair Powell said that the central bank’s rate cut was a “mid-cycle adjustment to policy” rather than “the beginning of a ...
Fundamental Analysis: Macro Factors
Fundamental Analysis: Macro Factors The rapidly growing global interconnectedness means that the health of one country's economy can impact the world markets. As a result, traders generally follow the economic calendar to ensure that they do not miss out on any relevant indicators that may signal a move in the financial markets. In this article, ...
Deutsche Bank Revives The Failure of Lehman Brothers
Deutsche Bank Revives The Failure of Lehman Brothers Deutsche Bank’s woes dominated headlines this week. On Sunday, the multinational investment bank announced 18,000 job cuts around the globe by 2022 and shut down its global stock trading business as part of a sweeping overhaul. It was reported that the cuts had been anticipated for weeks. We...
Preview: The Bank of Canada Rate Decision
One of the must-watch economic events this week will be the Bank of Canada interest rate decision. The decision is scheduled to be announced on Wednesday 29th May at 15:00 PM London time. Why Is The Announcement Important? A bank interest rate is a rate at which a countries central bank lends money to local banks. The interest rate is charged by ...
“Will China Dump US Treasuries?”
“Will China Dump US Treasuries?” A tweet from Hu Xijin, editor-in-chief of the Global Times grasped attention on Tuesday morning, and even Bloomberg reported that it had triggered a readership surge on its Terminal. It came at a time when China responded to the additional tariffs by increasing duties on $60 billion worth of US goods. T...
Preview: Bank of England Rate Decision
Brexit has been dominating the news flow in the United Kingdom for a long time, but on Thursday all eyes will be on the latest Bank of England rate decision. The decision is set to be announced at 12 PM London time. About Interest Rates Interest rates are set by the Bank of England’s Monetary Policy Committee which is made of nine members ...
Central Bank Interest Rates
Today, the Bank of Canada announced its decision to leave interest rates unchanged at 1.75% and with other major central bank policy meetings due to take place in the coming weeks, there is no better time to look at the current interest rates of some of the major central banks from around the world. About Interest Rates A bank interest rate is a ...
Up Next: The Bank of Canada Rate Decision
One of the must-watch economic events this week will be the Bank of Canada interest rate decision. The decision is scheduled to be announced on Wednesday 24th April at 15:00 PM London time. Why Is The Announcement Important? A bank interest rate is a rate at which a countries central bank lends money to local banks. The interest rate is charged b...
Federal Budget – “Back in the Black”
Federal Budget - "Back in the Black" "Returning the budget to surplus, delivering more jobs, providing lower taxes, guaranteeing essential services." We are in the election year, and the government needed a budget that will please voters. Treasurer Josh Frydenberg delivered his first federal budget and conveyed his plans for a stronger economy....
Hawkish & Dovish Explained!
Hawkish and Dovish are two crucial words widely used in our industry whenever there are central bank speeches or talks about monetary policies. But what does it mean? Central banks are more transparent than ever and forex analysts or traders try to dissect the overall tone and language used when central bankers speak to see: How the economy...
The Less-Dovish Central Bank
The Reserve Bank of New Zealand (RBNZ) made its first interest rate decision and monetary policy, but it was not what the market participants expected. The Central Bank did not follow the same dovish theme seen by other central banks. The Official Cash Rate (OCR) was left at 1.75%, as widely expected, and the RBNZ expects to keep the OCR at this ...
Reserve Bank of New Zealand – First 2019 Policy Statement!
The Reserve Bank of New Zealand (RBNZ) will make its first interest rate decision for the year 2019. We will see the Press Conference, Rate and Monetary Policy Statement on Wednesday. Market participants are expecting the RBNZ to adopt the same dovishness seen lately by major central banks The Reserve Bank of Australia The Federal Reserve B...
Bank of England Synopsis
Thursday the 7th of February saw Bank of England Governor, Mark Carney, stepped back up to the mark to take on a barrage of Brexit related economic questions after giving a speech about the BoE’s stance on their current assessment of the negotiations. Economy The speech started not looking so good for the UK economy, with the Governor stating t...
