Daily Outlook for 18th March 2022
Daily Outlook for 18th March 2022
Yen left behind as Fed begins hiking
By Tom Westbrook SINGAPORE (Reuters) – The yen was pinned to a six-year low on the dollar and struggled against crosses on Thursday, as a rate hike with a hawkish outlook from the U.S. Federal Reserve underscored just how far the Bank of Japan is likely to lag worldwide policy tightening. The Fed…
Daily Outlook for 17th March 2022
Daily Outlook for 17th March 2022
Fed Liftoff Begins Tomorrow – How to Trade It
By Kathy Lien, Buckle up – the next 24 hours will be a busy one for investors! U.S. retail sales, Canadian inflation, Australian jobs and New Zealand GDP numbers are scheduled for release but the main event will be the Federal Reserve’s monetary policy announcement. Liftoff is coming with the Fed expected to…
Daily Outlook for 16th March 2022
Daily Outlook for 16th March 2022
BoE to lift Bank Rate on Thursday, inflation to peak in Q2
By Jonathan Cable LONDON (Reuters) – The Bank of England is almost certain to increase borrowing costs on Thursday, nearly all economists polled by Reuters said, marking the third consecutive meeting where it has raised Bank Rate as it continues its exit from pandemic-related support. Like most central banks the BoE slashed interest…
Daily Outlook for 15th March 2022
Daily Outlook for 15th March 2022
Euro zone to back broadly neutral, but flexible 2023 fiscal stance amid Ukraine war
By Jan Strupczewski BRUSSELS (Reuters) – Euro zone finance ministers are likely to endorse on Monday the European Commission’s view that fiscal policy should move from supportive to neutral in 2023, but that they must be ready with more cash should the war in Ukraine make it necessary. Finance ministers from the 19…
Why Euro Tanked After ECB Rate Decision
By Kathy Lien The euro staged a dramatic intraday reversal today on the back of the European Central Bank’s monetary policy announcement. Having jumped as high as 1.1120 after the ECB, EUR/USD ended the New York session below 1.10. The central bank surprised the market with the decision to phase out its bond-buying…
ECB seeks to reconcile soaring inflation with war risks
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – The European Central Bank is likely to make as few policy commitments as possible on Thursday as the shock of Russia’s invasion of Ukraine up-ends its expectations for the economy and leaves policymakers grappling with new realities. With inflation in the euro zone at…
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