Category: Featured

Key risk events today: Australia Employment Change and Unemployment Rate; BoJ Monetary Policy Statement; BoJ Press Conference; SNB Monetary Policy Assessment and Policy Rate; UK Retail Sales m/m; MPC Official Bank Rate Votes; BoE Monetary Policy Summary; BoE Official Bank Rate; BoE Asset Purchase Facility; Philly Fed Manufacturing Index. EUR/USD: The Federal Reserve, as expected, … Continue reading Thursday 19th September: Slew of Central banks take centre stage today – remain vigilant.

The British pound overturned Monday’s dip to sub-1.24 and refreshed tops beyond 1.25 to 1.2526 Tuesday. Renewed dollar weakness, despite upbeat industrial production data (low impact expected), helped regain traction.

The euro lost out to the dollar on safe-haven grounds after the weekend oil site attacks in Saudi Arabia, aided also by dovish comments from ECB’s Lane who underscored the reasons behind last week’s multi-pronged policy easing.

The post-European Central Bank (ECB) advance ran into fresh headwinds off the 1.11 handle Friday, withdrawing to a low of 1.1061 into the closing bell. Retail sales data out of the US favoured the greenback and sent US yields further to the upside.

The European Central Bank (ECB) went above and beyond on Thursday in rolling out an enormous stimulus package. The central bank unveiled fresh stimulus measures to bolster the eurozone,