On Tuesday, the US Consumer Price Index was released. Monthly inflation in the US was revealed to be at 1.2%. Due to the news, the value of the USD plummeted, as the markets interpreted the news as a signal of incoming US monetary tightening.
The second week of April is set to be busy, as US Consumer and Producer Price Index data will be published. In addition, the central banks of New Zealand, Canada and Euro Zone are set to make rate statements. On Tuesday, at 12:30 GMT, the US Consumer Price Index will reveal, how the US inflation has continued to grow, as some
On April 5, the Reserve Bank of Australia published its Rate Statement. The central bank kept the Australian base interest rate at 0.10%. Meanwhile, the central bank revealed that due to the ongoing surge in commodity prices, the Australian economy is doing very good. Quoting the statement: "The Australian economy remains resilient and spending is picking up following the Omicron setback. Household
During the week, almost all attention will be paid to the US Federal Reserve Federal Open Market Committee Meeting Minutes on Wednesday at 19:00 GMT. The meeting minutes are a protocol of the central bank's committee, which decides US and, subsequently, global monetary policy. The document is set to reveal, what the committee talked about and detailed information about their
There are nine sets of data being released this week, which might cause an impact on currency valuations. Five of the nine are US employment datasets. The week's notable publications will start on Wednesday at 13:15 GMT, as the ADP Non-Farm Employment Change is set to be published. Also on Wednesday, at 13:30 GMT, the US Final GDP might cause minor
On March 24, the Swiss National Bank issued its Monetary Policy Assessment and revealed Policy Rate. In general, monetary easing is set to continue, as the rate remains at -0.75%. Moreover, the bank has clearly stated that it is going to get involved in the Forex markets and will push the Swiss Franc down. Quoting the statement: "The SNB is retaining
The top events during the week will be the UK CPI, the German PMIs and the Swiss National Bank Policy Rate and Monetary Policy Assessment release. On Wednesday, the weeks notable events will start at 07:00 GMT, as the UK Consumer Price Index is set to be published. Later on, on the same day, note the US weekly crude oil inventory
At 12:00 GMT on Thursday, March 17, the Bank of England hiked its Official Bank Rate by 0.25%, increasing rates to 0.75%. The bank also published its Monetary Policy Summary. Quoting the statement: "The MPC sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 16
On Wednesday, March 16, the US Federal Reserve issued a monetary policy statement and hiked interest rates. The central bank hiked interest rates, as forecast by the markets by only 25 base points. In addition, the bank revealed that it would reduce its balance sheet at one of the upcoming meetings. Quoting the statement: "Indicators of economic activity and employment have
The top events of the week will be the US Federal Reserve Statement and the Bank of England's release of Monetary Policy Statement. However, take into account that inflation and retail sales data might cause notable moves. On Tuesday, at 12:30 GMT, the US Producer Price Index data will be out. Expect minor moves on USD charts. On Wednesday, Canadian Dollar pairs
On Thursday, March 10, the European Central Bank published its Monetary Policy Statement. In general, the bank kept its interest rates unchanged. However, the bank announced that it would end the Pandemic emergency purchase programme and slow down the Asset purchase programme. The bank revealed also that interest rates could be changed only after the programs have been shut down.
There are only three notable times to watch the calendar scheduled for the week. Moreover, there is nothing noteworthy until Wednesday. On Wednesday, at 15:30 GMT, crude oil prices are expected to react to the publication of the weekly US Energy Information Administration crude oil inventories data. On Thursday, at 12:45 GMT the European Central Bank will release its Main Refinancing Rate.
On Wednesday, March 2, the Bank of Canada hiked its Overnight Rate from 0.25% to 0.50%. The rate hike was expected by the markets. Meanwhile, the central bank announced that it would keep its holdings of government bonds unchanged. In addition, the bank announced that it would implement more monetary tightening in the future. Quoting the statement: "The Bank of
On Tuesday, March 1, at 03:30 GMT the Reserve Bank of Australia published its Monetary Policy Decisions. In general, the central bank kept its cash rate at 0.10%. Meanwhile, the bank commented on the global economy and the conflict ongoing in Ukraine. Quoting the statement: "The global economy is continuing to recover from the pandemic. However, the war in Ukraine
As the headline states, during the week central banks and US employment data is set to be in focus. Namely, the Bank of Canada and Reserve Bank of Australia are scheduled to make rate statements. On Tuesday, at 03:30 GMT, the Reserve Bank of Australia is set to publish its Rate Statement. The central bank is expected to keep its interest
During this week, there are various types of events, which could impact different currencies. However, among the events it is clear that the top one is the quarterly US Preliminary Gross Domestic Product data release on Thursday at 13:30 GMT. The week's notable events will start on Monday at 08:30 GMT, as the German Markit Manufacturing and Services Purchasing Managers Index
At 19:00 GMT on Wednesday, the US Federal Reserve's Federal Open Market Committee published its meeting minutes from January. The document revealed that the Committee agreed upon that, if inflation does not decrease as expected, the Fed would tighten policy more than planned. The EUR/USD reacted to the news with a 22 base point surge over the span of 23 minutes.
During the week, the US, UK and Canada will release various inflation and retail sales data sets, which are set to reveal how consumers have been spending and how prices have changed in the top economies. On Tuesday, at 13:30 GMT, the US Producers Price Index data will reveal, how high is the inflation at the production level. On Wednesday, at 07:00
At 13:30 GMT, the US government released the monthly Consumer Price Index data. US month-on-month inflation was revealed to be higher than forecast, as the CPI came in at 0.6% instead of 0.4% The value of the US Dollar immediately surged, as the higher than expected inflation strengthened the case of the US Federal Reserve for monetary tightening. Namely, hiking interest
There will be one notable event during the week. On Thursday, the publication of the US Consumer Price Index and US Core Consumer Price Index data at 13:30 GMT is set to impact the value of the US Dollar. Note that at the same time, the weekly US Unemployment Claims will be published. Meanwhile, crude oil traders are set to watch the
On Thursday, at 12:45 GMT, the European Central Bank published its Main Refinancing Rate and Monetary Policy Statement. In general, the bank kept its rate at 0.00%, but revealed that it would end its quantitative easing policy. Quoting the statement: "In the first quarter of 2022, the Governing Council is conducting net asset purchases under the PEPP at a
On February 3, the Bank of England published its Monetary Policy Summary. The bank hiked its interest rate by 0.25% to 0.50%. In addition, the central bank Monetary Policy Committee voted unanimously to start to reduce its stock of bonds. Namely, the bank is starting quantitative tightening. Quoting the statement: "At its meeting ending on 2 February 2022, the
On February 2, the Reserve Bank of Australia revealed its future monetary policy by issuing a statement. In general, the bank revealed that it would end its quantitative easing program via bond buying. Meanwhile, interest rates were left unchanged. Quoting the statement: "At its meeting today, the Board decided to maintain the cash rate target at 10 basis points and
This week, the central banks of Australia, the United Kingdom and the European Union are set to reveal their monetary policy by issuing statements and setting interest rates. The Reserve Bank of Australia is set to publish its interest rate on Tuesday at 03:30 GMT. On the same day, at 13:30 GMT, the Canadian GDP data will be released. Also on