The Swiss National Bank has reduced its Policy Rate from 1.25% down to 1.00%. The rate cut was expected. Due to this reason, the Swiss Franc did not lose value. Moreover, algorithmic traders sold off the rate after the announcement. However, an hour after the rate reveal, the rate returned to trade near 0.8500.
The publication of the US Consumer Board Consumer Confidence index has caused a minor market reaction, despite the survey results showing a bleak picture. The survey results were forecast to show a positive future outlook with a reading of 103.9. However, actual survey results showed a reading of 98.7. The US Dollar index reacted to the news by declining just 28
During the morning hours of Monday, S&P Global published one by one the results of the Manufacturing and Services sector Purchasing Managers Indices for European Union countries. In general, the survey results are worse than the markets expected. The gradual data releases caused a 76 point or -0.68% decline of the Euro against the US Dollar. French Flash Manufacturing PMI
The Bank of Japan has kept its Policy Rate at 0.25%. Meanwhile, the central bankers have published their Monetary Policy Statement. In general, the bank has revealed that it has observed a moderate increase in consumption. The increasing consumption might eventually cause rising prices, which would then devalue the Yen. In this case scenario, the central bank would have to
At 11:00 GMT, Bank of England in its Monetary Policy Committee has decided to keep interest rates unchanged. GBP is reacting to the upside. Also, the Committee voted to reduce government bond purchases, reducing purchases by 100 billion pounds over the next 12-month period. As forecasted, official Bank rate of GBP has not changed. It remains at 5 .00%. Predictable
The United States Federal Reserve has cut interest rates more than the markets expected. The Fed has cut 0.50% instead of 0.25%. The larger than expected USD rate cut initially caused a USD decline, as the demand for USD to pay off loans is set to decrease. Afterwards, the Dollar recovered as soon as the press conference of the Chairman
The United Kingdom's Office for National Statistics has published the country's monthly Consumer Price Index data. Annual inflation in the UK remains at 2.2%, which indicates that the Bank of England has to keep monetary policy tight. This fact caused an appreciation of the GBP. The target of the BoE for annual inflation is 2.0%. Inflation had been decreasing over
The publication of the monthly US Retail Sales data has caused a market move. In general, Retail Sales have slightly increased not declined, which indicates that the US Fed can keep policy tighter for longer. The data release has caused a slight surge of the value of the US Dollar. The Retail Sales and Core Retail Sales which exclude auto
The US Bureau of Labor Statistics has published the monthly Producer Price Index data sets. In general, the data revealed higher than expected price growth at the producer level. The US Dollar is reacting to the news by surging. Market consensus forecast was that the US Producer Price Index will increase on a month-to-month basis by 0.1%. Actual price growth
The European Central Bank has cut its Main Refinancing Rate, which is the base rate for all Euro debt. Namely, the rate is the base borrowing cost for the European currency. The rate has been reduced from 4.25% to 3.65%, as expected by market analysts. The Euro is reacting to the news by increasing volatility, but the rate remains at
The United States Bureau of Labor Statistics has published the US monthly inflation data, the Consumer Price Index. In general, the inflation data met market expectations. Markets are reacting to the news by buying the US Dollar in favour of other assets. The Consumer Price Index month on month change was forecast to show an increase of 0.2%. Actual released
The publication of the UK Unemployment Claimant Count Change number and the change of the Average Earnings index for the last three months have shown mixed data. Due to this reason, the rate increased volatility by initially moving up, but then suddenly retracing back down. The Claimant Count Change was expected to show 95,500 new unemployed people in the UK.
At 12:30 GMT, Bureau of Labor Statistics has published monthly unemployment rate. Reported Unemployment rate is at 4.2%, same as forecasted. Although unemployment came out as expected and by 0.1% lower than in previous month, market is still hesitant to confirm strength of the US economy and the US dollar. Forecasted Unemployment data has strong impact on US dollar price.
The Institute for Supply Management has published the United States Manufacturing Purchasing Managers Index survey results on Services. The results are near the forecast, but still were enough to cause a surge of the US Dollar. The survey results were expected to show a reading of 51.3, but the actual number is slightly higher- 51.5. In general, a reading below
At 12:15 GMT, Automatic Data Processing, Inc. reported monthly changes in employment, excluding farming industry. Current macroeconomic data suggests, that employee hiring process in having a slowdown. Forecasted number was 144 thousand, actual number came in lower-at 99 thousand. Non-Farm Employment change has an important role as a leading indicator for the US economy, consumer spending in the economy is
The monthly publication of the Bureau of Labor Statistics Job Openings and Labor Turnover Survey results have moved the financial markets via the US Dollar's value. Namely, the survey has revealed that there are 7.67 million available jobs in the United States. However, the markets expected the reading to show 8.09 million available jobs. Due to this reason, the
At 13:45 GMT, Bank of Canada has decided that base interest rate will be decreased.BoC decision has created strong impulse to the CAD. Strong upside movement against the US dollar has been anticipated. Previous base interest rate was 4.50%, new interest rate is lower by 0.25 basis points, as forecasted- 4.25%. Most likely central planner intentions with this decision is
The Institute for Supply Management has published the United States Manufacturing Purchasing Managers Index survey results. The results are near the forecast, but still were enough to cause a surge of the US Dollar The survey results were expected to show a reading of 47.5, but the actual number is 47.2. In general, a reading below 50.0 is seen as
The Swiss Federal Statistics Office has published the Swiss monthly inflation data. Inflation in Switzerland has stalled. The Swiss Franc is reacting to the news by declining. Instead of the expected Consumer Price Index increase of 0.1%, the actual data showed a 0.0% change. The lower inflation indicates that the Swiss National Bank can cut interest rates and reduce monetary
The US Bureau of Economic Analysis has published the Core Personal Consumption Expenditures index data. In general, the release confirmed the market expectations and the Dollar remained flat. The data was forecast to show an increase of 0.2%. The forecast was correct. Month on month inflation is 0.2%.
The United States statisticians have just released the Preliminary quarterly GDP and weekly Unemployment Claims. The GDP was forecast to show an increase of 2.8%. Actual number is 3.0%. The Unemployment Claims were expected to show 232,000 claims. The forecast was almost exact, as 231,000 people have claimed unemployment benefits. The US Dollar initially reacted to the news with a minor
On Thursday morning, a previously not noted macroeconomic data release caused a major Euro decline. The publication of the Spanish Flash CPI revealed information that inflation in the Euro Zone might be far below what was previously assumed. The Spanish Flash CPI was expected to show a stunning decline of inflation, down to 2.4% from the previous 2.8%. The actual
At 08:30 GMT, S&P Global published its Purchasing Managers Indices for the United Kingdom. The survey results were better than expected, which caused a surge of the Pound against peer currencies. A PMI is a diffusion index derived from a survey. In general, a reading below 50 is seen as bad. A reading above 50 is seen as good for
During Thursday's morning hours, S&P Global published its Purchasing Managers Indices for the European countries. These data sets moved the Euro by revealing how the services and manufacturing sectors are doing in the eurozone. A PMI is a diffusion index derived from a survey. In general, a reading below 50 is seen as bad. A reading above 50 is seen