What is it? It checks the interest rate at which the BOE lends to financial institutions overnight.

Short term interest rates are the paramount factor in currency valuation - traders look at most other indicators merely to predict how rates will change in the future.

When? April 9th at 7:00am Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the GBP to rise.

 

Ask us about our FREE financial advice program: 

 

Other top stories:

All Your Brokers and Signals in 1 Place - Binary Trade Center

Countless Already Joined and Made a Profit - What About You?

How I Made Over $30,000 a Year by Investing in Binary Options

 

Follow us and SHARE this story on Facebook:  

 

 

 

During the early trading session the Yen rose against the Dollar following the Bank of Japan press conference. BoJ officials kept its stimulus program unchanged as board members stated that “Japan’s economy is expected to continue its moderate recovery trend”. Furthermore, the Nikkei share average rose to its highest level in 15 years, closing at 19.789, as the BoJ kept its stance to expand the monetary base at an annual pace of 80 trillion Yen. The Nikkei has so far gained 3% this month, with a majority of investment coming from two new equity investment trusts.

The Euro gained ground against the Dollar following yesterday’s plunge. The previous day the EUR/USD dropped to 1.08 as the deadline for Greece to reach an agreement with their creditors nears, furthermore, positive mixed European PMI data and a positive U.S. JOLTs Job Openings report continued to weigh on the Euro. The pair reached oversold territory and is now rebounding slightly, testing resistance at 1.089.

During early U.S. trade, the Dollar Index declined as market spectators await the FOMC Meeting Minutes taking place later today at 19:00 GMT. Negative sentiment weighs over whether the Fed will wait longer before implementing an interest rate hike. weak Nonfarm Payrolls on Friday highlighted earlier comments made by Fed Chair Janet Yellen that a future rate hike will be based on an improving labor market.

Oil continues to move close to yesterday’s high but with bearish sentiment following a 6% surge in price. The commodity is currently trading above $52/barrel as Saudi Arabia pushed up the price over increased demand from Asia. However, the price could decline following a U.S. API Weekly Crude stock report which showed that inventory levels of US Crude oil rose 12.200M. Later today the U.S. will release another report for Crude oil inventories.

 

Ask us about our FREE financial advice program: 

 

Other top stories:

All Your Brokers and Signals in 1 Place - Binary Trade Center

Countless Already Joined and Made a Profit - What About You?

How I Made Over $30,000 a Year by Investing in Binary Options

 

Follow us and SHARE this story on Facebook:  

 

 

Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:

 

1. Big deal for Big Oil

Shares in oil major Royal Dutch Shell (RDSB) are dropping by about 6% in London after the company said it inked a $70 billion deal to buy British oil and gas firm, BG Group (BRGYY). Shell is offering a 50% premium for the purchase.

Traders reacted by bidding up BG shares by about 38%.

Shares in BG have fallen by about 30% over the past year, tracking a sharp drop in crude oil prices. Shell clearly saw this as an opportunity to snap up a smaller company for a better price.

"The imperative now becomes for management to convince the market of the financial implications: near term earnings dilution; a significantly more levered balance sheet; and a higher priority for debt reduction versus dividends," wrote analysts at Jefferies International.

 

2. Focus on the Fed

U.S. investors are eagerly awaiting the 2 p.m. ET release of the Federal Reserve's minutes from its latest meeting. Wall Streeters like to parse through the details of the document in an effort to get a better sense of when the Fed may begin raising interest rates.

Meanwhile, the Bank of Japan was in the spotlight Wednesday after it left monetary policy unchanged.

"Governor Kuroda indicated that the Board doesn't see the need for additional stimulus at the moment," said Capital Economics' Marcel Thieliant. "However, Mr Kuroda has a record of springing surprises and we still expect policymakers to step up the pace of easing at the end of the month."

The Bank of Japan is currently in the midst of a massive stimulus program that is pumping the economy with cash, deflating the currency and aiming to boost inflation.

 

3. Global market overview

U.S. stock futures are looking solid, European markets are mostly rising in early trading, and Asian markets ended with mixed results.

Crude oil futures are dipping by about 2% to trade around $53 per barrel.

Investors in Europe are continuing to watch the ongoing Greek drama as they worry the country may be on the brink of default.

Greece's prime minister is heading to Moscow Wednesday to meet with Russian President Vladimir Putin and there's a chance Putin might offer help in the form of cheaper gas. Greece is facing a big debt payment this week, but the government has reassured markets that it has the money to pay and avoid default.

 

4. Earnings

A trickle of earnings are set to come through Wednesday. Family Dollar (FDO) and Rite Aid (RAD) are reporting quarterly results ahead of the open.

Alcoa (AA) and Bed Bath & Beyond (BBBY) will report after the close.

The earnings will really start flowing next week when we'll hear from big banks including Citigroup (C) and Goldman Sachs (GS).

 

Ask us about our FREE financial advice program: 

 

Other top stories:

All Your Brokers and Signals in 1 Place - Binary Trade Center

Countless Already Joined and Made a Profit - What About You?

How I Made Over $30,000 a Year by Investing in Binary Options

 

Follow us and SHARE this story on Facebook:  

 

 

 

What is it? It's a detailed record of the FOMC's most recent meeting, providing in-depth insights into the economic and financial conditions that influenced their vote on where to set interest rates.

When? April 8th at 2:00pm Eastern Time.

Trading Tip: If the announcement will hint towards higher interest rates, you can expect the USD to rise.

 

Ask us about our FREE financial advice program: 

 

Other top stories:

All Your Brokers and Signals in 1 Place - Binary Trade Center

Countless Already Joined and Made a Profit - What About You?

How I Made Over $30,000 a Year by Investing in Binary Options

 

Follow us and SHARE this story on Facebook:  

 

 

Subcategories

Please publish modules in offcanvas position.