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Three Things To Watch Out in Today’s Fed Decision

At 1800 (GMT), the Fed will release its interest rates decision. The bank is expected to raise interest rates for the third time this year. This will be the eighth interest rates hike since 2015 when the bank started a gradual tightening process. 30 minutes after the rate hike, the Fed chair, Jerome Powell will […]

What to Expect from Palladium As It Hikes 25% Since August

Last year, palladium was the best-performing metal, rising by more than 40%. This year, it lost the momentum and dropped sharply. The decline was mostly because of the ongoing trade war between the United States and China. Since palladium is used in the automotive industry, its price is often seen as an indicator of vehicle […]

Weekend Review: Oil Rises After OPEC Meeting as China Halts Trade Talks

This weekend, China announced that it would halt all trade negotiations with the United States. This happened after the US issued sanctions on China for its purchases of Russian military equipment. This was a blow to free traders who hoped that the two countries would come to a deal. Over the weekend, China summoned its […]

Weekly Review: US-China Tariffs, BOJ and SNB, and Brexit News Take Center Stage

The biggest news this week was about trade. On Tuesday, the US moved to apply a ten percent tariff to imported Chinese goods worth more than $200 billion. While this was an anti-trade move, the markets reacted in awe because the tariffs were less than the 25% traders were expecting. The decision by Trump came […]

Yen Falls as BOJ Commits to Low Interest Rates

The Japanese yen continued falling against the US dollar after the BOJ concluded its monetary policy meeting. As expected, the bank left interest rates unchanged making it the 32-straight month of no monetary policy changes. In the August meeting, the bank left rates unchanged but tweaked the forward guidance. The bank said that it would […]

Week Ahead: Trade War, Inflation Data, and BOJ Decision to Remain in Focus

The biggest news this week will be about trade. On Saturday, the Wall Street Journal reported that the Trump administration was ready to implement fresh tariffs on Chinese goods worth $200 billion. The news dashed the hopes of a compromise deal between the US and China that rose last week. In response to the threat, […]

What to Expect From Today’s Decision by BOE and ECB

Today will be a big day for the currencies market. This is because the ECB and BOE will deliver their interest rates decision. Shortly afterwards, the US will release the inflation and consumer confidence numbers. Therefore, we expect major moves in all the major currency pairs. BOE Bank of England will be the first to […]

Is Donald Trump Losing His Trade War? Data Suggests Soo

In 2016, Donald Trump ran the most unconventional campaigns in recent memory. He campaigned mostly on immigration and trade. On immigration, he promised to build a wall between the US and Mexico and to ban refugees. On trade, he ridiculed the United States for the previous trade deals. He called NAFTA the worst trade deal […]

Week Ahead: BOE and ECB To Dominate in a Busy Week

On Friday, the US Labour department released impressive jobs numbers. The numbers showed that more than 203K jobs were created in August, with the unemployment rate remaining at 3.9%. Perhaps, the biggest data was the improving wages. In August, wages grew by 0.4%, which was higher than the expected 0.3%. This was a huge improvement […]

Weekly Review: Truce Between UK and Germany on Brexit Was the Biggest News

The biggest news this week in the market was the truce between the United Kingdom and Germany. On Wednesday, it was reported that Germany had agreed to remove some of the hard-line positions it had on Brexit. On its part, the UK agreed to accept a narrowed approach that will extend the negotiations until after […]