Market News | Merit Forex

FOMC minutes: Most Fed officials viewed cut as mid-cycle adjustment Several Officials Favored Keeping Rates on Hold FOMC Minutes show some members ex...

The FOMC meeting notes will be important releases in the US.  The Federal Reserve cut interest rates by 25 basis points in their last meeting and they announced it will end the balance sh...

Actual: -2.732M Forecast: -1.889M Previous: 1.580M

US Crude oil stocks are expected to decline by -1.889M this week. Note that oil stocks rise by 1.580M barrels in last week.

Actual: 5.42M Forecast: 5.39M Previous: 5.29M

We will get an update on the health of the U.S. housing market from reports on existing home sales and the house price index. On average, economists expect that sales of existing homes in...

US President Donald Trump said that the US is doing great with China and other trade deals while repeating that the Federal Reserve and Chairman Powell are the only problems they are facing. ...

TRUMP SAYS U.S. WILL HAVE BIG ECONOMIC GROWTH IF POWELL 'DOES THE RIGHT THING' AND MAKES BIG INTEREST RATE CUT

Actual: 2.0% Forecast: 1.7% Previous: 2.0%

Argues to not only cut rates in September but also use forward guidance to provide even more of a boost to the economy than a rate cut alone can deliver The Fed can influence long-term ra...

German President Steinmeier: Not likely that negotiations on backstop will get going again All backstop scenarios have already been discussed

1. Canada Inflation Data The Canada CPI is expected to come out at 0.1% m/m and y/y inflation is expected to ease to 1.7% in July from 2.0%. 2. U...

Merkel says on backstop issue it's a question of the political declaration, not withdrawal agreement. There's no need to re-open deal.

We are ready to negotiate, in good faith, an alternative to the backstop Until the agreement is reopened and backstop abolished, there is no chance of a deal

UK PM Johnson says the UK will be ready to come out of the EU on October 31st, deal or no deal

Will delay ban for some businesses But US had added more than 40 Huawei subsidiaries to entity list

The report says that the government is preparing fiscal stimulus measures that could be triggered by a deep recession. Adding that the program would be designed to bolster the domestic ec...

Actual: 1.0% Forecast: 1.1% Previous: 1.3%

The Eurozone will publish inflation figures for July. On the year-on-year basis, the Eurozone CPI is expected to stay at 1.1%. The core figure, without volatile energy and food prices, is...

CHINA GENG SAYS US SHOULD IMMEDIATELY CANCEL ARMS SALES TO TAIWAN OR BEAR CONSEQUENCES

The Euro was under selling pressure last week despite mounting evidence that the German economy is heading toward a recession. The US dollar rose versus the Euro after the release of US i...

German government is getting prepared for deficit spending in case of recession

Actual: 92.1 Forecast: 97.2 Previous: 98.4

Actual: 1.191M Forecast: 1.257M Previous: 1.241M