Market News | Merit Forex

Actual: 0.4% Forecast: 0.2% Previous: -0.2%

Turkish Central Bank removes pledge for further tightening if needed

Actual: 24.00% Forecast: 24.00% Previous: 24.00%

There is no market consensus regarding rate change. Any surprising revision would lead to volatility in USDTRY.

Global headwinds continue to weigh on Euro-zone growth. Ample degree of accommodation is still needed. Risks to Euro-zone growth outlook remain tilted to the downside.

The Japanese central bank made no changes to its monetary policy settings at its April meeting but modified its forward guidance on the interest rates by finally providing a timeline for lo...

1. Pay Attention To Turkey Rate Decision In Turkey, the CBRT will hold its monetary policy council meeting, There is no market consensus regarding rate change however the...

Poloz adds: Right now we believe this set of rates will give us positive outlook, that growth picks up in Q2 and gathers pace in Q3 If everything turns out perf...

Actual: 5.479M Forecast: 1.255M Previous: -1.396M

Saudi Arabia energy minister says no need to take actions in the crude market and Saudi Arabia will stay within its OPEC production limit for now.

Bank of Canada: Growth during the first half of 2019 is now expected to be slower than was anticipated in January. Last year’s oil price decline and ongoing transportati...

Bank of Canada leaves interest rate unchanged at 1.75% BoC removes language referring to future rate hikes

Actual: 1.75% Forecast: 1.75% Previous: 1.75%

U.S. does not need a 'new' negotiating table, nuclear agreement 'was the best deal that we could achieve'. U.S. sanctions will not change Iran policy. Doubts that President Dona...

The Bank of Canada will announce the results of its latest monetary policy meeting in 30 minutes and is expected to keep interest rates on hold. We might see some fluctuations in the Canadian Dollar.

We expect to appoint next BOE Governor for an 8yr term. If an outstanding candidate could not commit for an 8yr term, we could consider. Very much in the UK interest to have BOE...

But escalating trade tensions could have grave consequences for the global economy Eurozone car industry would incur losses of 4% on US tariffs, simulation shows Consequences of...

Actual: 99.2 Forecast: 99.9 Previous: 99.6

1. German IFO Business Climate the German IFO Business Climate Index will be published today The index based on a survey of manufacturers, builders, wholesalers and retai...

Actual: 4.5% Forecast: -3.0% Previous: 5.9%

 1. US Service PMI We will focus on a report on activity in the service sector from the US today. US Service PMI will be announced and it is expected to rise to 56.0 in A...

Actual: -4.9% Forecast: -3.8% Previous: 11.2%

Existing Home Sales measure monthly sales of previously owned single-family homes and is expected to fall by -3.8% m/m in March. If the data post a weak reading, it would be negative for the greenback...

A sharp drop in the Euro supported the US dollar last week. The EURUSD pair broke down 1.1285 and then moved down towards the daily support level of 1.1219. Concerns that the Eurozone Economy is sl...