Every week we expect many interesting events that can shake the market.
Long-term yield target won’t be raised by BOJ in 2018
The vast majority of financial experts surveyed by Reuters are assured that the Bank of Japan is going to keep its long-term interest rate objective intact in 2018, although 40% hope for a lift, reflecting the soaring speculation because Japan's economy keeps strengthening.
Haruhiko Kuroda is widely anticipated to be asked to keep ruling the BOJ.
A great number of financial experts didn't predict the BOJ unwinding its huge stimulus in 2018, although 16 did.
2 were assured that the Bank of Japan could start cutting back already in April, while 2 told it could take place in September. Additionally, 8 experts chose October, while 4 picked up December.
Aside from that 17 experts hoped the wind down would burst out in 2019 or a bit later.
Market experts also thought the country’s major bank would continue targeting an annual soar in its bond holdings of about 80 trillion yen.
However, some experts told the target happens to be a pure facade because the BOJ’s actual buying has dived to half that pace.
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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.