HYCM Forex Weekly Market Overview: the trading week has come to an end, where the US Iran tensions dominated the markets. What can we expect for next week?
U.K’s annual Consumer price index dropped to 0.3% in January, data released yesterday showed as British inflation hits record low.
Australian Inflation, MPC Official Bank Rate Votes and more on the calendar
Bank of England's Carney upbeat about UK economy, pointing to the strong recovery of UK manufacturing over the past year – with growth stronger than at any point in the decade prior to the crisis – is a testament to the sector’s focus on continual improvement.
For the day, we have the ECB Press Conference, US ADP Non-Farm Employment Change, US and CAD Trade balance and more
ADP NFP disappoints, US Trade balance in view and unemployment claims due.
FEDs express concern over raising rates too soon as they showed willing to keep interest rates low for longer than expected, due to risks to the U.S. economy
The market certainly took this as good news with the pound rallying after the release and ending the day higher. 10-year government bond yield also climbed 15bp, to 1.71% marking the highest since March 13 following anticipation that BOE interest rate hikes may come soon
Will Yellen forward guidance continue? as hinted in her testimony in Capitol Hill on a possible removal of forward guidance in the March meeting. We will wait to see.
The AUD fell about 40 pips against the USD immediately after Australia retail sales and trade balance disappointed.