Draghi ; He sees rates at the present level well past the end of QE QE will run until ECB sees sustain inflation pickup Monetary policy has continued to secure very favorable financing conditions needed Draghi says risks to growth are broadly balanced...
Actual: 19.5 Forecast: 24.0 Previous: 27.6
The European Central Bank left interest rates unchanged, as expected. We will follow Governor Draghi speech in the press conference.
No rate change is expected from the ECB, however, Governor Draghi's statements about the fate of quantitative easing in Eurozone will be quite important for EURUSD. Recall that ECB has extended QE program until December 2017 with monthly asset purchases of €60 bln. Any hint regarding a chang...
Actual: 3.0 % Forecast: 2.5 % Previous: 0.6 %
Actual: 71.3 Previous: 70.0
The key Policy Balance Rate remains at -0.1%, the ten-year government bond yield target is still an unenticing 0.0%. Heavy bond-buying also remains in place, at an annual pace of JPY80 trillion (US$720 billion). However, the BOJ now sees consumer prices rising by 1.1% this fiscal year, rather tha...
U.K. Retail Sales excluding fuel to be announced and it is expected to rise to 2.5% expected y/y growth in June, following 0.6% expansion a month ago. Any realization signaling a weakness in growth performance would be considered negative for the GBPUSD pair. All eyes will be on ECB Int...
German Producer Price Index was just published. PPI inflation (YoY) came out at 2.4% which is better than expected. Note that It was at 2.8% a month ago.
Actual: - 4.727 M Forecast: - 3.214 M Previous: - 7.564 M
It is expected to decline by 3.214 M this week. It may be important for oil prices which tumbled within the week. Note that oil stocks declined by 7.564 M barrels in last week.
Actual: 1.254 M Forecast: 1.200 M Previous: 1.168 M
Actual: 1.215 M Forecast: 1.555 M Previous: 1.092 M
U.S Housing starts will be announced today. It is a critical indicator of economic strength which reflects the number of privately owned new houses on which construction has been started is an important ingredient in market players expectation of next Fed move. The market expects housing starts t...
Bank of England Governor Mark Carney did not comment on the monetary policy nor the current state of the economy.
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