June FOMC Expected to Stay Unchanged, But Still Fluid Ahead of US Employment Data
Yesterday, market sentiment shifted towards a majority expectation of the June FOMC remaining unchanged. This change was in response to the support for holding off on rate hikes from a Jefferson Fed Board member and the President of the Philadelphia Federal Reserve, Harker. Prominent Fed watchers had also indicated a possibility of no rate hike. […]
How will today’s ECB fare as the How will today’s ECB fare as the US FOMC’s rate hike pause approaches?’s rate hike pause approaches?
As expected by the market, yesterday’s US FOMC announced a 25bp rate hike. However, while it suggested the possibility of keeping rates unchanged (pausing rate hikes) at the next June meeting, it did not explicitly say so. Chairman Powell denied the speculation of an early start to rate cuts that had been spreading in […]
what is the credit criteria in bank lending survey from the European Central Bank (ECB)?
The credit criteria in the bank lending survey from the European Central Bank (ECB) are an important indicator for forex traders, as they provide insights into the lending environment within the Eurozone. The survey assesses the lending standards applied by banks, which include the requirements and conditions that borrowers must meet to qualify for a […]
What is ECB?
The ECB, or European Central Bank, is the central bank for the euro and administers the monetary policy of the 19 European Union (EU) countries that have adopted the euro as their official currency. These countries are collectively known as the Eurozone. Established in 1998, the ECB is headquartered in Frankfurt, Germany, and is one […]
What about the ECB Governing Council raising interest rates by 50bp at the timing of financial instability?
Today’s announcement of the results of the ECB Governing Council has attracted more attention than usual. Deep-rooted inflation is observed in Europe, and measures to curb inflation are urgently needed. The hawkish members’ calls for a 75 basis point hike were quelled by Lagarde’s message of a series of 50 basis point hikes. However, the […]
The US, UK, and European central bank events have passed, and the US employment statistics are announced today
This week is full of notable events. The monetary policy announcements of the US, UK, and European central banks have passed without incident. The US FOMC hiked interest rates by 25bp, while the UK MPC and ECB hiked by 50bp each, in line with market expectations. Despite the nervous price movements, there seems to be […]
There are also reports that the ECB is about to return to normal interest rate hikes after raising interest rates by 0.50%
ECB governors are beginning to consider raising interest rates at a slower pace than indicated by ECB President Lagarde in December. Bloomberg reported, citing people familiar with the matter. A 0.50 percentage point hike in February remains likely, but the prospect of a 0.25 percentage point hike at the next March meeting is gaining […]
Following the US FOMC, the Bank of England and the ECB announced monetary policy today
Following yesterday’s US FOMC, today the Bank of England and the ECB will announce their monetary policies. The FOMC raised interest rates by 50 basis points, as many expected. The pace eased after four consecutive 75 basis point hikes. However, this has already been factored into the market. The key terminal rate level was […]
Pay attention to the lectures of ECB officials today, ahead of next week’s ECB Governing Council meeting
The flow of the dollar market has stagnated this week. Observing the dollar index chart, the downward trend since November continues. However, this week has seen a lull in price fluctuations. Next week, the US FOMC, the UK Monetary Policy Committee (MPC), the ECB Governing Council and other major central bank policy-making meetings are lined […]
Today’s ECB Governing Council announcement, but the market is progressing from the perspective of the dollar exchange rate
The dollar is weakening this week. Markets are increasingly talking about the possibility that the pace of US interest rate hikes will slow down. This view is underpinned by a range of weak U.S. economic data. Sentiment indicators fell short of expectations, and the weekly U.S. mortgage application index fell for the fifth straight […]