by Ntombi Malatsi | Feb 4, 2017 | ECONOMIC NEWS
Economic news to watch this week
We had such a busy week last week. We kicked if off with the Bank Of Japan (BOJ) leaving their policy rate unchanged at -0.10%. European Central Bank (ECB) President Mario Draghi also delivered his speech on the 31st which was followed by UK GDP stats which came out above by 0.1% increasing from expected 0.3% to 0.4%. Bank Of Canada (BOC) Gov Poloz also had his speech on the day. UK Manufacturing PMI held steady at 55.9. ADP Non-Farm Employment change increased to 246K from expected 165K. The Feds held their rates steady at <0.75%. UK Construction PMI also dropped. Unemployment claims decreased from expected 251K to 246K . Lastly on Friday we had Non-Farm Payroll (NFP) which got a very positive print, increased by 57K from expected 170K to 227K. The NFP results got so many traders confused and messed up because everyone is only looking for the NFP outcome and overlooking the Earnings. Read more about how to trade the NFP properly Here. Below are the economic news to watch this week.
by Ntombi Malatsi | Jan 29, 2017 | ECONOMIC NEWS
Consumer Price Index 2017 dates
Last year I wrote a blog post about Consumer Price Index (CPI). If you want to know about it and what it is all about you can check my previous post Here. This year I have decided to post a series of important economic news. I have posted about NFP 2017 dates, get them Here. I also did all FOMC dates for 2017, you can read all about it Here. Today is all about the CPI, Core CPI and Trimmed Mean CPI. Below are the Consumer Price Index dates for 2017. Thank you for making this blog alive. Without your subscription and shares, this blog is just a content.
by Ntombi Malatsi | Jan 29, 2017 | ECONOMIC NEWS
Economic news to watch this week ahead of NFP. Get all NFP dates for 2017 Here. Also learn how to trade the NFP Here.
by Ntombi Malatsi | Jan 22, 2017 | ECONOMIC NEWS
The Federal Open Market Committee (FOMC), a committee within the Federal Reserve System (the Fed), is charged under the United States law with overseeing the nation’s open market operations (i.e., the Fed’s buying and selling of United States Treasury securities). This Federal Reserve committee makes key decisions about interest rates and the growth of the United States money supply.
The FOMC is the principal organ of United States national monetary policy. The Committee sets monetary policy by specifying the short-term objective for the Fed’s open market operations, which is usually a target level for the federal funds rate (the rate that commercial banks charge between themselves for overnight loans).
The FOMC also directs operations undertaken by the Federal Reserve System in foreign exchange markets, although any intervention in foreign exchange markets is coordinated with the U.S. Treasury, which has responsibility for formulating U.S. policies regarding the exchange value of the dollar. SOURCE ~Wikipedia.
FOMC Current Board Members
- Janet L Yellen, Chair, Board of Governors
- William C Dudley, Vice Chairman, New York
- Lael Brainard, Board of Governors
- James Bullard, St. Louis
- Stanley Fischer, Board of Governors
- Esther L George, Kansas City
- Loretta J Mester, Cleveland
- Jerome H Powell, Board of Governors
- Eric Rosengren, Boston
- Daniel K Tarullo, Board of Governors
Alternate Members
- Charles L Evans, Chicago
- Patrick Harker, Philadelphia
- Robert S Kaplan, Dallas
- Neel Kashkari, Minneapolis
- Michael Strine, New York, First Vice President
Below are the dates for the actual meetings in 2017. You can print them. Please note that you have to confirm your subscription by clicking on the link that is sent to your email soon after you entered your email address and clicked on “Subscribe”. Thank you for stopping by, we are preparing ourselves for all major economic news.
by Ntombi Malatsi | Jan 22, 2017 | ECONOMIC NEWS, UNCATEGORIZED
Economic news to watch for this week
Highlights: On the 24th of January the United Kingdom’s High Court is due to announce a ruling regarding the government’s ability to bypass parliament and initiate the Brexit by triggering Article 50, it is all happening in London at the Royal Courts of Justice. This will also have a direct impact on GBP, watch out for GBP pairs. On another news it has been said that UK Prime Minister Theresa May will fly to Washington DC to have her talks with the U.S President Donald Trump as early as Thursday. Dispite the fact that May was criticizing Trump during his campaigns in 2016, she will be one of the first leaders to hold talks with the new president. Below are the economic news to watch this week.
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