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…
Unloved euro catches a breath ahead of ECB
By Tom Westbrook SINGAPORE (Reuters) – The euro took a breather on Wednesday ahead of this week’s central bank meeting, while commodity currencies eased from recent peaks as investors reckoned war-driven surges in energy, grains and metals could end up crimping demand in the long run. The euro was steady in early trade…
Euro slides as war in Ukraine stokes inflationary shock
By Tom Westbrook SINGAPORE (Reuters) – The euro tumbled to a fresh 22-month low on the dollar and hit multi-year troughs on the yen, Swiss franc and sterling as war in Ukraine drove up commodity prices and stoked fears of a stagflationary shock that would hurt Europe most of all. The common currency…
Euro pinned as war stokes stagflation fears
By Tom Westbrook SINGAPORE (Reuters) – The euro was pinned near a 21-month low on Thursday by worries that Russia’s invasion of Ukraine will hurt European growth, while commodity currencies hit multi-week highs as export prices surged. The euro recovered to $1.1111 early in the Asia session from an overnight trough of $1.1058,…
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