March 26, 2023
Central Banks Meetings
Fundamental

BoE Preview | March 2023

After a 50 bps rate hike in January, while we had some signs of lowering inflation and slower economic growth, some economists supported ending the rate hike cycle. However, Wednesday’s published inflation numbers changed the market sentiment, and now we have even some whispers about a 50 bps hike. The Bank of England’s (BoE) policy […]

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Fundamental

The New Economic Outlook with More Uncertainties

Recently seen banking crises, increased market uncertainties, and changed the analysts’ market outlook. Some analysts now believe that central banks will not need to try to cool down the economy, and it has enough reason to slow down, especially with the fear of banking bankruptcy. Nevertheless, ahead of next week’s Fed meeting, ECB had no […]

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Fundamental

ECB Preview | March 2023

While on Thursday, March 16, eyes will be on the ECB interest rate decision, and we are waiting for a 50 bps rate hike, I must emphasize that the liquidity position of the Eurozone banking sector appears to have improved in recent years, suggesting more of a balance between banks’ deposits base and loans extended […]

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Monthly Outlook

Global Economic Outlook | March 2023

With China reopening, lower energy prices, the strong job market in most developed economies, and the relative growth of retail sales, our global economic outlook changed. Now we are less worried about the severity of the upcoming economic recession. Gas prices helped the Europeans fulfill their storage and replenish the gas crisis. Also, lower energy […]

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Forex

BoC and Oil sent the Loonie deeper!

On Wednesday, the Bank of Canada held its monetary policy and interest rate decision meeting. After eight straight months of rate hikes totaling 425 basis points, interest rates rose to 4.5%; this pause was read as a signal of the end of contractionary policies by market participants. As the first major Central bank, BoC ended […]

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Forex

The expected decision sent the Aussie down almost 1%

As was widely expected, the Reserve bank of Australia raised the rates by only 25 bps but signaled more hikes in following meetings. Bringing the rates to 3.60%, RBA raised interest rates to over a 10-year high, but it is not the end of the cycle, as they still needed to combat runaway price pressures. […]

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Weekly Outlook

Weekly Economic Outlook, 6-10 March

March uncertainty start t increase even more with three major central banks’ interest rate decisions and US labor market data, but still, we have many other numbers to watch. However, the focus still will be on Friday’s US non-farm payrolls, where labor market conditions will tell us what exactly we have to expect from the […]

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Fundamental

RBNZ Preview | February 2023

Reserve Bank of New Zealand will hold its first monetary policy meeting this year on February 22. In its last meeting in November 2022, with a 75bp rate increase, Central Bank in New Zealand raised its primary interest rate to 4.25%. With a significant upward revision to the Official Cash Rate (OCR), it reacted to […]

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Weekly Outlook

Weekly Economic Outlook | 20-24 February

Uncertainty is the most certain thing. Uncertainty is the most certain thing seen in the financial markets these days. Economic data and outlook, inflation numbers, and central banks’ decisions create a chaotic situation. In the week ahead, with central banks meeting in China and New Zealand, PMI numbers from European countries, and Personal Spending data […]

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Fundamental

BoE Preview | February 2023

BoE will acknowledge that high inflation could be prolonged. Compared to other central banks, policymakers in BoE’s MPC have the most disagreements with each other. While MPC members are divided into three groups, and one part believes that current interest rates are good enough to control inflation, market participants still believe that on Thursday, February […]

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Fundamental

ECB preview | February 2023

Euro stock markets can still have difficult days in the following weeks. While the ECB policy meeting and interest rate decision will be held on Thursday, February 2, the Eurozone economy has improved amid a warm winter and sufficient natural gas reserves. However, still, it is far from what it has to be. While improving […]

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Fundamental

Fed preview | February 2023

The hope of a faster inflation reduction can be an illusion. Federal Reserve Open Markets Committee will end its 2023’s first meeting on Wednesday, February 1. Recently published economic data were mixed; inflation progress has been encouraging, but the labor market is still strong, which means members will have a hard job making decisions. While […]

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Daily Market Review

Market update | 20 December 2022

Tuesday started with a focus on three central banks in Asia. In Australia, Reserve Bank released its meeting minutes, the Bank of Japan surprised investors, and PBoC was predicted. Minutes of the Australian Reserve bank December meeting show that there is no consensus for further decisions. However, most RBA members still support the pause in […]

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Fundamental

BoJ Preview | December 2022

Bank of Japan (BoJ) started its two-day meeting today, and tomorrow, Tuesday, December 20, will publish its announcement. The consensus expectation is that the central bank will maintain its current policies, holding the -0.1% target for short-term rates and a 0% cap for the 10-year bond yield under its yield curve control (YCC) policy. Consensus […]

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Fundamental

BoE preview | December rate hike meeting

BoE is due to raise the rates for the ninth consecutive meeting later today. The consensus estimate is another 50 bps hike. However, it is expected to see more disagreements between MPC members, which would be the leading market driver, as the market already priced in the 50 basis points rate hike. BoE also has […]

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Fundamental

Fed preview – The last meeting of this year | December 2022

It is predicted that Federal Reserve will slow its interest rate hikes at the end of its two-day policy meeting on Tuesday and Wednesday. The latest inflation data published Tuesday shows that consumer prices have lowered faster than expected. The consensus estimate is that the central bank to raise its benchmark interest rate by 50 […]

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Post Analysis

Sterling after upbeat UK data

GBPUSD is supposed to have a volatile week, as central banks in the US and UK will have a monetary policy meeting. The week started with upbeat data in the UK. GDP raised 0.5% monthly and 1.5% annually, higher than estimates and the previous month. Industrial production in October was unchanged and less than 0.1% […]

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Monthly Outlook

Global Economic Outlook | December 2022

Everything is about Inflation and Interest Rates!  Fears over a deep recession have made policymakers think twice before going towards more tightening policies. Therefore, the outlook of less hawkish policies changed the market sentiment at the end of November. Many analysts and market participants believe that Fed will likely slow its rate hike pace by […]

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Weekly Outlook

Weekly Outlook, 5-9 December

Beginning of the last meetings of Central banks in 2022. After many ups and downs, last week ended with a mixed sentiment after NFP numbers. On top of that, geopolitical tensions in the energy market increased with the setting of a price cap for Russian Oil. In the week ahead, we have to see the […]

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Fundamental

Fed preview | Calm before the storm?

Federal Open Market Committee (FOMC) will raise interest rates by another 0.75 percentage points for the fourth straight meeting. When Fed started raising the rates by 75 basis points, they did not want that it becomes a norm. However, by repeating it four times, the Federal Reserve is apparently going to break its promise. Don’t […]

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