Market News

We just watched the BOE Gov. Carney speech in the press conference


The BOE Governor Carney responded to questions from the press conference, with key headlines, found below: Economic growth remains sluggish, to pick up later on investment. Some tightening needed in next three years Rates may need to rise more than markets currently...

03 Aug 17 (Thu)

12:40 pm

The BoE Monetary Policy Decision


The BOE holds benchmark interest rate at 0.25 % and asset purchase plan at 435 bln GBP, as expected. BoE keeping rates at 0.25% by 6-2. Awaiting Carney now

03 Aug 17 (Thu)

11:00 am

The BOE Monetary Policy Decision will be announced in 15 minutes


The market does not expect a change in either 0.25% policy rate or 435 bln GBP bond buying program however a surprising revision would lead to a volatility in GBP/USD. Governor Mark Carney will also hold a press conference.

03 Aug 17 (Thu)

10:44 am

U.K Services PMI (July)


Actual:  53.8 Forecast:  53.6 Previous:  54.3

03 Aug 17 (Thu)

08:30 am

Euro Zone Services PMI (July)


Actual:  55.4 Forecast:  55.4 Previous:  55.4

03 Aug 17 (Thu)

08:00 am

German Services PMI (July)


Actual:  53.1 Forecast:  53.5 Previous:  53.5

03 Aug 17 (Thu)

07:55 am

Services PMI data will be announced in Europe


We will follow the German Service PMI today which is expected to stabilize at 53.5 according to preliminary numbers. A better than expected realization will point to a slight recovery in the German economy. This may also support EURUSD pair. In the UK, Services PMI for July wi...

03 Aug 17 (Thu)

07:16 am

Turkey CPI Inflation (YoY)


Actual:  9.79 % Forecast:  9.90 % Previous:  10.90 %

03 Aug 17 (Thu)

07:00 am

Super Thursday in UK, Monetary Policy Decision, and Inflation Reports


In the UK, Bank of England will announce its monetary policy decision today. The market does not expect a change in either 0.25% policy rate or 435 bln GBP bond buying program however a surprising revision would lead to a volatility in GBP/USD. Governor Mark Carney will also hold a press con...

03 Aug 17 (Thu)

06:55 am

Turkey CPI Inflation will be published in 20 minutes


In Turkey, CPI inflation will be the main market mover of today. Market consensus for July inflation is 0.15% which stands for 9.90% in y-o-y terms. June inflation was 10.90%. There is no consensus for PPI inflation, however, it will be quite important as cost push factors have carried domestic P...

03 Aug 17 (Thu)

06:39 am

US Crude Oil Inventories


Actual:  - 1.527 M Forecast : - 2.957 M Previous:  - 7.208 M

02 Aug 17 (Wed)

02:30 pm

US Crude oil stocks will be announced in 10 minutes


It is expected to decline by 2.96 M this week. It may be important for oil prices which tumbled within the week. Note that oil stocks declined by 7.20M barrels in last week.

02 Aug 17 (Wed)

02:22 pm

US ADP Nonfarm Employment Change (July)


Actual:  178K Forecast: 185K Previous:  158K

02 Aug 17 (Wed)

12:15 pm

Headlines the Economic Calendar on Wednesday


In the UK, Construction PMI for July will be announced today and is expected to ease slightly to 54.5 from 54.8 a month ago. Any weakening in the index would be considered negative for the British economy and hurt GBP/USD. Employment data out of the US will start pouring in today with t...

02 Aug 17 (Wed)

06:33 am

US ISM Manufacturing PMI (Jul)


Actual:  56.3 % Forecast:  56.5 % Previous:  57.8 %

01 Aug 17 (Tue)

02:00 pm

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