U.S. Fed committed to its accommodative monetary policy stance
The U.S. Federal Reserve ended a two-day meeting on Wednesday with a commitment to stick with its easy monetary policy in order to bring down long-term unemployment. Despite recent economic data pointing towards steady economic recovery, Fed's decision to keep its accommodative monetary stance pointed towards still higher unemployment rate and risk to the ongoing economic recovery. During the press conference, Fed Chairman Ben Bernanke said the central bank could...
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Fundamental Analysis
Euro seems vulnerable to further weakness - A look at the important market-mover in the week ahead
March 19, 2013 - 14:30
Important Market-Movers - The Week Ahead
Most of the economic data last week from the U.S. continued to point towards steady economic recovery. The upcoming U.S. economic calendar features important Housing data, Philly Fed Manufacturing Index and FOMC economic projections along with the rate decision.
U.S. Housing Data - Data from U.S. housing sector this week starts with Building Permits and Housing Starts on Tuesday. Permits in January had jumped to an annual rate of 925,000 and a further improvement to 930,...
Major Economic Events For The Week
March 12, 2013 - 16:16
The U.S. Dollar last week rose marginally against Euro after the February non-farm payroll report smashed expectation as the U.S. economy created 236,000 jobs and the unemployment rate also fell to 7.7%, the lowest level since December 2008.
Key events featuring in the upcoming U.S. economic calendar include Retail Sales data, Inflation data and UoM Consumer Sentiment.
Retail Sales - The pace of consumer spending will take center stage this week with U.S. retail sales for February scheduled for release on Wednesday. After...
Important Market Movers - The week ahead
March 05, 2013 - 16:52
Busy week of Major Central Bank meetings
A series of central bank policy meetings this week kicked off with the Reserve Bank of Australia. The RBA on Tuesday decided to leave its benchmark interest rates
unchanged at 3%. The RBA last lowered its interest rate in December by 25bps to 3% and has lowered rates by 1.75% since November 2011.
Investors now look ahead to other Major Central Bank decisions (Bank of Japan, European Central Bank and Bank of England) later this week and the keenly watched U.S. monthly employment report...
MPC willingness to ease further could weaken British Pound
March 05, 2013 - 15:32
Bank of England (BoE)
Also on Thursday, the Bank of England is scheduled to announce its latest monetary policy decision. The BoE is expected to keep its key interest rate unchanged at 0.50%. However, following the credit rating downgrade from Moody's and manufacturing PMI data showing contraction, a growing number of MPC officials may show willingness to further ease monetary policy and expand the asset purchase program that currently stands at 375 billion Pounds a month.
Should the BoE show willingness to further expand its...
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