The Federal Reserve (FOMC), US central bank, will publish its December meeting minutes on Wednesday, January 5, at 21:00 GMT+2 (MetaTrader time).
Japan February exports are seen surging at fastest pace since 2015
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday.
However, uncertainty over probable trade protectionist moves by America is still clouding revival prospects for the world's number three economy.
In February, exports leapt 10.6% from a year earlier, which would be the biggest revenue since January 2015 when they inched up 16.9%.
The number were probably flattered by a rebound in Asian demand, after Japan's shipments tumbled in January because of the long Lunar New Year holidays in China as well as other parts of the region. Apparently, in January, shipments had soared 1.3%.
Imports acquired 0.6% from a year earlier, dipping steeply from surge of 8.5% in January, which marked their first growth in two years.
It’s expected to produce a trade surplus of 822.0 billion yen, compared with January’s outcome of 1.09 trillion yen, as the survey of 20 analysts revealed.
April seasonal patterns weren’t supposed to work, but somehow they did. Even a strong fundamental issue such as the global recession amid the coronavirus couldn’t overwhelm it. That’s why May seasonal patterns may work as well.
The Federal Reserve cut federal funds rate by 50 basis points to a target range of 1.00% to 1.25%.
As Europe moves into recession, next week may provide us with some amazing trading opportunities. Here they are!
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.