The United States Advance Gross Domestic Product publication has surprises the financial markets, as a major beat of forecast has occurred. Markets expected GDP to have increased by 2.0%. Instead the US economy has grown by staggering 3.3%. The event caused a surge of US stock indices and the US Dollar. The USD surged due to the data indicating
The European Central Bank has just published its Main Refinancing Rate. As expected, the ECB has kept the interest rate at 4.50%. The EUR/USD currency exchange rate reacted to the news by surging only ten points and testing the resistance of the 1.0900 mark.
The monthly US Retail Sales data has been published. Markets expected Retail Sales to have increased by 0.4%. The actual released number revealed an increase of 0.6%. The US Dollar reacted to the news with a sharp surge up. The surge is attributed to the factor that higher retail sales are bound to boost inflation that would force the Federal
The United States Producer Price Index shows the inflation level at the business level. Data for December has just been released. The monthly data revealed that prices have declined. The PPI was forecast to show an increase of 0.1%. Published month-on-month PPI is -0.1%. The Core PPI which excludes food and energy was expected to be at 0.2%. Actual released
The United States Bureau of Labour Statistics has published the United States Consumer Price Index data. The data revealed that inflation in the United States is higher than expected. The month on month change of the index was expected to be an increase of 0.2%. Actual number is 0.3%. The monthly Core CPI change was forecast to be at
The United States Bureau of Labor Statistics has just published the US monthly employment data sets. The Dollar jumped against all other assets due to the data being overwhelmingly positive. Average Hourly Earnings were expected to have increased by 0.3% over the month. Actual growth was 0.4%. Non-Farm Employment Change or the number of new employed people was forecast to be
The publication of the US Federal Reserve Meeting Minutes has reminded the world that the Fed is debating a reduction of interest rates and a stop to the reduction of the central bank's balance sheet. The reminder caused a decline of the US Dollar's value.
On Wednesday, at 07:00 GMT, the United Kingdom Office for National Statistics released the country's Consumer Price Index data. The event caused a major drop of the Pound against peer currencies. The market consensus forecast was that inflation in the United Kingdom had declined from 4.6% to 4.3%. However, the actual inflation was even lower, as CPI had increased by
The Japanese central bank has announced that it would continue with its ultra-loose monetary policy despite a widely discussed expectations of an end to the stimulus. Governor of the BoJ Ueda stated that the policymakers were waiting for more evidence of wage and price increases that would justify a change of policy. The Japanese Yen's value adjusted to the announcement
On Thursday, at 13:15 GMT, as it was expected by market analysts, the European Central Bank has kept its base interest rate at 4.50%. In general, the ECB has continued to follow the example of the US Federal Reserve. The initial rate announcement did not cause a notable market reaction. However, the follow up press conference by the President and
On Thursday, at 12:00 GMT, the United Kingdom's central bank announced the Official Bank Rate and released the Monetary Policy Summary. As forecast by the market consensus, the bank kept the rate at 5.25%. In the meantime, the Monetary Policy Committee was expected to vote with two members voting for an increase and seven for keeping the rate intact. However,
As it was expected by market analysts, the Swiss National Bank has kept its SNB Policy Rate at 1.75%. However, despite the flat rate, the Swiss Franc lost value, as the central bank announced a change of future inflation forecasts. Namely, the SNB revealed that it expects lower than previously forecast inflation throughout 2024 and up to 2026. In general,
On Wednesday, at 19:00 GMT, the US Fed Funds Rate was released. The event rocked the financial markets causing major volatility. The market consensus forecast was that the US Fed would keep its Federal Funds Rate at 5.50%. As expected, the rate was kept at that level. The US Dollar index reacted to the initial rate announcement with a sharp
The release of the US Producer Price Index has caused a minor 23 point decline in the US Dollar index. The move occurred due to the lower than expected Core PPI at 0.0% instead of 0.2%, which caused downwards pressure on the USD. However, at the same time the Dollar strengthened due to a revision downwards of the previous
The United States have just released the monthly Consumer Price Index data sets. In general, the event caused large volatility of the Dollar, as the released data was mixed. United States annual inflation has decreased from 3.2% to 3.1%. This data set caused an initial drop of the USD. Meanwhile, the US month on month CPI had increased by 0.1%
The US Bureau of Labor Statistics has published the monthly employment data. The US Dollar reacted to the news with an initial spike upwards above the 104.00 mark. The monthly change of Average Hourly Earnings was forecast to be an increase of 0.3%. The publication revealed that wages had increased by 0.4%. Market analysts expected the Non-Farm Employment Change to show
At 13:30 GMT, the United States Bureau of Economic Analysis published the US Preliminary Gross Domestic Product data. The initial reaction to the publication was a US Dollar decline. The markets expected the US GDP to have increased by 5.0% on a quarter to quarter basis. However, the actual number turned out to be 5.2%. The US Gross Domestic Product
It appears that a sharp move of the Pounds value at 09:30 was caused by the publication of better than expected United Kingdom Purchasing Managers Indices of the Services and Manufacturing sectors. The Markit Services and Manufacturing sector Purchasing Managers Index survey results revealed better than expected situations in the two economic sectors. The Manufacturing PMI was forecast to be
As the markets expected, the Bank of England has kept the Official Bank Rate at 5.25%. The GBP/USD initially reacted with a 21 point or 0.17% surge and reaching above the 1.2200 mark. The surge was attributed to how the monetary policy committee voted for the keeping of the rate unchanged. It was expected that 2 members would vote for
The United States Federal Reserve has just revealed that it will keep the Federal Funds Rate unchanged at 5.50%. The news caused a 0.15% drop of the US Dollar index from 107.00 down to 106.82. The event was followed by the press conference of the Chairman of the Federal Reserve Jerome Powell. His initial talk caused a boost of
The Bank of Japan has kept its policy rate at -0.10%. Namely, the BoJ is not going to use interest rates as a tool. Meanwhile, the central bank has re-defined its 10-year bond yield 1.00% target from a rigid limit to a reference. The BoJ could allow the rate to reach above the 1.00% mark. In theory, the redefining should
At 12:30 GMT the US Core Personal Consumption Expenditures Index revealed that month on month the inflation that affects the consumers had increased by 0.3%. The high reading was expected, due to which the US Dollar reacted with a slight decline from 106.65 down to the 106.35 mark.
The publication of the United States monthly Retail Sales data has caused a surge of the US Dollar. In less than five minutes after the publication, the US Dollar index gained 28 points or 0.26%. US monthly core retails sales change was expected to be an increase of 0.2%. Instead the actual number is a 0.6% growth. Meanwhile, the Retail Sales
The monthly publication of the United States Consumer Price Index has revealed that inflation remains at previous levels, despite the markets expecting a slight decrease. US Dollar index reacted to the news with an immediate spike upwards. However, note that the yesterday's higher than expected Producer Price Index also caused an initial move upwards. After the publication, the USD