Several months ago Mark Carney decided to abandon his unemployment threshold and focus on eliminating the remaining slack in the economy.
Surprise surprise. The world's largest economy appeared to be not so resilient to harsh winter conditions, as first quarter's growth missed forecasts dramatically.
Over the last several weeks analysts were hoping April's inflation will pick up and Draghi will postpone the decision to launch the U.S.-style quantitative easing programme.
Another set of upbeat statistics was published this week, as Statistics New Zealand showed trade surplus widened further in March, as strong dairy volumes pushed exports receipts to its highest level ever.
Japan's trade deficit quadrupled over the last month, while a significant drop in the Yen does not help to boost exporters' profits, but is weighing on the import costs, as the world's third largest economy is highly dependent on the energy.
The cable has been moving in a strong uptrend for the last several months. As long as the pair holds above the 1.68-mark, the outlook will remain bullish.
All meetings under Janet Yellen's leadership were dragging investors into the drowsy state. This week's meeting is also unlikely to offer any surprises, however, there are four major things you should keep in mind during the meeting.
Interesting how sentiment can change over the day. First, Mario Draghi claimed that the ECB is still far from engaging in the U.S.-style bond purchases in order to bolster bloc's economic recovery and inflation.
Despite hawkish RBNZ, it was a very quiet end of the week for the kiwi. The NZD/USD pair closed at 0.8580, while over the period the pair was trading in a fairly tight range, fluctuating between 0.8550 and 0.8640.
Japan's central bank and government will be constantly monitoring each set of fundamental data and every piece of puzzle will have a strong impact on markets as officials are assessing the potential impact of the tax hike on the economy.
The Sterling has a great chance to extend this year's rally this week, as GDP, manufacturing and construction PMI as well as consumer confidence can add more pressure on Mark Carney to consider making a rate hike earlier than it was pledged.
Housing and labour markets are considered by the Fed as key indicators of economic health. At least Ben. S. Bernanke was constantly citing them as main drivers of economic growth.
Over the last several weeks we have been monitoring statistics from Europe's powerhouse very carefully, as the whole region is highly dependent on its largest economy.
The cost of living in Japan's capital soared 2.7% this month from the same period a year earlier, hitting the highest since 1992 and accelerating from a 1% increase a month earlier.
The cable refuse to move above 1.69-mark and perform another impressive rally. Moreover, investors are constantly making gloomy forecasts about each piece of fundamental data, citing the slowdown in the first half of this year.
U.S. consumer confidence rose more-than-expected in April compared to the previous month, hitting the highest level in nine months as views on current and short-term conditions surged, the University of Michigan Consumer Sentiment survey showed.
Amid rising tensions in Ukraine and as a reaction to the Crimean crisis in particular, the European Union followed the U.S. example and imposed its own sanctions on Russia.
The New Zealand Dollar performed another rally this week, with NZD/USD soaring to 0.8636, and hitting the highest since April 17.
Vast majority of analysts believe the Bank of Japan will continue its money printing extravaganza soon, as economy is projected to lose some momentum due to the latest sales tax hike.
The U.K. economy is building up steam, data showed this week, as the central bank revised its growth outlook for the second time.
It is still difficult to say whether the world's largest economy is on the mend or it still suffers from the winter and last year's upheavals.
The single currency erased its gains that were made on the back of stronger than expected German Ifo business climate as Mario Draghi reiterated his pledge to pull the trigger in case the single currency continue climbing higher.
We should definitely forget about the rate hike from the RBA. Despite neutral or even slightly hawkish bias from Australian central bank in the recent weeks, the latest inflation report is diminishing any hopes for a tightening of the monetary policy any time soon.
What if? Such a question arises too often when it comes to Japan.