News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Real Time News
  • ECB's Muller - Given the currently very favourable financing conditions and the solid recovery, I am not sure if increasing the volume of APP purchases in the Spring is the best way to avoid a cliff effect
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here: https://t.co/Yl9vM73cHA https://t.co/qwLAWMpCGn
  • 🇺🇸 MBA Mortgage Applications (17/SEP) Actual: 4.9% Previous: 0.3% https://www.dailyfx.com/economic-calendar#2021-09-22
  • Heads Up:🇺🇸 MBA Mortgage Applications (17/SEP) due at 11:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-09-22
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here: https://t.co/CNtqrLeetw https://t.co/fs0ldanq41
  • Forex sentiment analysis can be a useful tool to help traders understand and act on price behavior. Learn how to get the most out of understanding trader sentiment here: https://t.co/rJznrX2BzZ https://t.co/Wfr6fQ9PTr
  • Of note, worth being cautious on the authenticity of this report given the source https://t.co/i9jcU0OQF4
  • Sources close to the Chinese Government have told Asia Markets a deal that will see China Evergrande (3333 HK) restructured into three seperate entities is currently being finalised by the Chinese Communist Party and could be announced within days.
  • Shadow MPC as hawkish as ever - They have been calling for the BoE to end QE early since June - Often a big difference in what people think a central bank should do and will do https://t.co/RAakSI8gI6
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here: https://t.co/rz7fqi8ZEe https://t.co/XfrcQXJu0Z
IMF Cuts Its Global Growth Outlook, USD Traders Poised for Fed Minutes

IMF Cuts Its Global Growth Outlook, USD Traders Poised for Fed Minutes

Baruch Spier,

Talking Points:

  • IMF cuts the global growth forecast for 2014
  • IMF forecast comes in one day ahead of Fed minutes
  • Emerging markets growth outlook cut by 0.2%

Want to trade with proprietary strategies developed by FXCM? Find out how here.

April Forecast

January Forecast

IMF 2014 Global Growth Outlook

3.6%

3.7%

IMF 2014 US Growth Outlook

2.8%

2.8%

IMF 2014 Advanced Economies Growth Outlook

2.2%

2.2%

IMF 2014 Emerging Markets Growth Outlook

4.9%

5.1%

IMF 2014 Euro-zone Growth Outlook

1.2%

1%

IMF 2014 Japan Growth Outlook

1.4%

1.7%

The International Monetary Fund downgraded its 2014 growth outlook in an April forecast, particularly slicing its GDP expectations for Japan and cutting the emerging markets forecast amid Russia headwinds. However, the IMF did raise its growth outlook for the Euro-zone by .2 percentage points since its last January forecast.

The IMF also noted US growth as a major impulse for the global economy in the Tuesday release. The organization called for more monetary easing in the Euro-zone and said there is a 20% chance for Euro-zone deflation by year’s end.

The IMF announced its forecast just one day ahead of the release of the minutes from the March Fed meeting. Fed Chair Yellen said at the end of March that the economy will need extraordinary support for some time, but those comments contradicted her previous comments that a rate hike may come as soon as six months after a possible end to quantitative easing this fall. Therefore, US Dollar traders may look to the minutes for clarity on the Fed’s outlook on a rate hike.

Currency Analyst Christopher Vecchio said a bullish accelerant is much needed by the US Dollar right now and a hawkish Federal Reserve will do the trick.

-- Written by Baruch Spier, DailyFX Research. Feedback can be sent to instructor@dailyfx.com .

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES