All Articles Tagged - Fed

Asian Session – Global stocks recover but yen on the rise again as markets still nervous

Posted on June 29, 2016 at 8:15 am GMT

Global stocks attempted a strong rebound yesterday as the immediate shock of the UK vote to leave the EU appeared to dissipate. However, risk sentiment was still very weak as the pound made only a modest recovery and the yen was back on the rise again today. The S&P 500 in the US closed 1.8% higher on Tuesday, while in Europe, London’s FTSE 100 closed up 2.6%. Asian stocks on Wednesday were mostly positive too but currency markets remained uneasy. [..]

US Q1 GDP revised up again but Fed looking less likely to budge after Brexit

Posted on June 28, 2016 at 2:26 pm GMT

Economic growth in the United States was revised higher for a second time in the third estimate of GDP for the first quarter. US GDP grew by 1.1% at an annualized rate between the fourth quarter of 2015 and the first three months of 2016. This represents an upward revision from the 0.8% rate in the second estimate, which itself was revised up from 0.5% in the preliminary estimate. Expectations were for a slightly smaller upward revision to 1.0%. On [..]

European Session – Euro tumbles to two-week low in $1.11 handle; sterling falls as Brexit risk weighs

Posted on June 16, 2016 at 2:46 pm GMT

Major central bank policy meetings were the main driver of currency market moves today. The dovish tone of the Federal Reserve statement after its policy meeting on Wednesday, combined with a steady Bank of Japan today, kept risk appetite damp and led to an impressive gain in the safe haven yen. The Bank of England and Swiss National Bank also met today and they too kept policy unchanged. The fact that all these central banks remained on hold was an [..]

FX Daily Outlook| 16-06-16

Posted on June 16, 2016 at 9:10 am GMT

[..]

Asian Session – Dollar slips below 104 yen after cautious Fed and steady BoJ

Posted on June 16, 2016 at 8:01 am GMT

The US dollar hit a 22-month low against the yen in Asian trading on Thursday as the Fed failed to signal a July rate hike, while the Bank of Japan held off from further easing. The greenback dropped to levels last seen in August 2014, touching a low of 103.54 yen. The euro was steadier though at around 1.1267 dollars. The Fed kept interest rates unchanged yesterday as expected, but sounded more dovish than in the last FOMC meeting in [..]

Fed keeps rates unchanged; still expects two hikes in 2016

Posted on June 15, 2016 at 8:39 pm GMT

The US Federal Reserve delivered no surprises today as it kept its benchmark interest rate unchanged at the end of its two-day policy meeting. As expected, the Federal Open Market Committee (FOMC) kept the federal funds rate unchanged at between 0.25%-0.50% for the fourth straight month. Market expectations of a rate hike in June had risen sharply after the release of the April meeting minutes in mid-May, which were surprisingly hawkish. However, expectations were pared back drastically after hugely disappointing [..]

European Session – Dollar slips below 106 yen as focus turns to Fed

Posted on June 15, 2016 at 3:11 pm GMT

Markets are steadier overall on the day and are now shifting their focus on the Federal Reserve which concludes a two-day meeting today with a policy announcement followed by a press conference with Chair Janet Yellen. There are no expectations of a rate hike at this FOMC meeting. The Fed raised its key overnight lending rate in December for the first time in nearly a decade to the current range of 0.25% to 0.50%. All eyes will be on the [..]

Asian Session – Yen pulls back as risk-off eases ahead of FOMC; euro pressured by negative bund yields

Posted on June 15, 2016 at 8:24 am GMT

Risk appetite improved in Asian trading on Wednesday, though Brexit fears continued to weigh on market sentiment. Asian equities attempted a rebound as most major indices shrugged off sharp losses in European stocks yesterday to turn positive in late Asian session today. The yen fell back against its peers as safe-haven demand eased but it remained not too far from Tuesday’s lows. The dollar edged up to 106.25 yen, having touched a low of 105.62 yen yesterday. Stronger-than-expected retail sales [..]

Solid US retail sales fail to move the dollar

Posted on June 14, 2016 at 2:24 pm GMT

Retail sales in the United States rose more than expected in May, easing fears that the surge seen in April would be a short-lived improvement. May retail sales were up 0.5% month-on-month according to the advance report, beating estimates of 0.3%. It follows a jump of 1.3% in the previous month, which broke a series of weak readings since the end of 2015. On a 12-month basis, sales were 2.5% higher than in May 2015. The biggest monthly gain came [..]

Week Ahead – Central bank policy to drive the markets as Fed, BoJ, BoE and SNB meet

Posted on June 10, 2016 at 11:53 am GMT

Key data releases next week out of China, the UK and the US will likely struggle to get much attention as monetary policy takes center stage. The US Federal Reserve will hold its highly anticipated FOMC meeting but the Bank of Japan’s meeting may be the one to watch out for, while the Bank of England and the Swiss National Bank are unlikely to produce any surprises. Main China indicators to hold steady in May Data out of China is [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

Fed

XM Live Chat