Francis Dogbe / Blog
The ECB's massive policy announcement did not receive the desired fall in the euro, and the US dollar lost ground in an exciting week. Rate decisions in Japan the US, the UK and Switzerland, Employment data from the UK, the US and Australia, US inflation, manufacturing and sentiment figures...
The nascent recovery in risk sentiment has entered a more mature phase on the back of the fresh easing measures by the ECB and the indications of additional stimulus at the National People’s Congress, China’s legislature...
1 Retail Resurgence? Consumer spending will come into focus Tuesday with the release of February’s retail spending report from the Commerce Department. January spending surged after a lackluster finish to 2015...
The euro is paring the recovery that began in the middle of the ECB's press conference yesterday. The markets had reacted as one intuitively would expected to broad easing of interest rates and credit conditions...
The market reaction to Draghi's indication, once again, that interest rate policy has run its course, will be debated for some time. Draghi delivered the goods that many investors said was lacking last December. The ECB policy was more than anyone expected. All the boxes were checked...
Here are the three big surprises on yet another notable day for central banks and markets, and what they may imply for the future: • The European Central Bank went beyond expectations by deploying a full range of policy instruments, including a more negative deposit rate and increased asset purch...
The strong dollar is no longer an excuse not to raise rates. Shortly before the Federal Reserve raised interest rates in December, Fed governor Lael Brainard gave a speech about why it should proceed cautiously...
It has long been argued that the strength or weakness of the U.S Dollar depends largely on the Interest rate cycle that the FED is operating on. The theory being: • A rate lowering cycle drives down interest cost to borrow the Dollar...
The British Chambers of Commerce (BCC) has downgraded its growth forecast for the UK economy, blaming "global headwinds and uncertainty". It now expects the UK's economy to grow by 2.2% this year, down from a previous estimate of 2.5%. The BCC also cut its growth forecast for 2017 to 2.3% from 2...
A spelling mistake in an online bank transfer instruction helped prevent a nearly $1 billion heist last month involving the Bangladesh central bank and the New York Fed, banking officials said...