All Articles Tagged - Fed

Asian Session – Yen pulls back from lows on profit-taking ahead of important week

Posted on April 25, 2016 at 7:31 am GMT

The US dollar made a fresh 3-week high of 111.85 yen in early Asian trading on Monday but then pulled back to the 111.20 yen area as there was profit-taking on the yen’s more than 2% slide since Friday. The move was sparked by reports that the Bank of Japan would decide to apply negative interest rates on loans it makes to banks after its meeting on Thursday. These reports as well as the yen’s reaction will make Thursday’s meeting [..]

Week Ahead – Fed and BoJ to set the tone; RBNZ and preliminary GPD also eyed

Posted on April 22, 2016 at 12:44 pm GMT

It will be a busy seven days in the coming week as the Fed and the Bank of Japan hold their respective monetary policy meetings. The US and Japan will also dominate the economic calendar with some key indicators expected next week, while UK GDP, Eurozone flash inflation and the RBNZ’s policy meeting will also be watched. Eurozone inflation in focus post ECB German Ifo data will start the week on Monday and after this week’s disappointing Markit PMI surveys, [..]

US housing recovery steadies in Q1 in line with economy

Posted on April 21, 2016 at 1:03 pm GMT

The US housing market has been on a steady recovery path since the end of the financial crisis as the economy continues to grow at a moderate pace. Housing in the United States contributes to around 18% of GDP, through private residential investment and via related consumption spending on housing services. With recent data suggesting that the US economy went through a soft patch in the first three months of the year, the housing market also saw some mixed numbers [..]

Stock market rally despite oil deal collapse could reinvigorate US dollar at some point

Posted on April 19, 2016 at 9:51 am GMT

The collapse of the deal to freeze oil output at the Doha meeting on Sunday came as a big surprise to market participants, as major producers such as Russia and Venezuela had invested significant efforts and political capital into it. In the end, it looked like Saudi Arabia was still not on board, as they blamed their foe Iran for not signing up to the deal but this might have been just a pretext for the Saudis to keep the [..]

Week Ahead – Euro and ECB back in limelight; UK jobs also eyed

Posted on April 15, 2016 at 2:36 pm GMT

After falling out of the limelight the past few trading sessions, the focus will turn again on the euro as the European Central Bank meets on Thursday and important sentiment surveys are due on Tuesday and Friday. UK employment numbers will also attract attention, while some housing data out of the US and more Fed speakers, will likely keep traders busy. Key week for euro with ECB meeting and Markit PMIs In the Eurozone, the action will probably start on [..]

US retail sales disappoint again; dollar rise capped

Posted on April 13, 2016 at 3:07 pm GMT

Retail sales in the United States ended the first quarter in a downbeat mode as they declined by 0.3% between February and March. Expectations were for retail sales to rise by 0.1% month-on-month in March. An upward revision to February’s figure was not enough to lift the gloom for the first quarter as it was only revised up from -0.1% to 0.0%, while January’s reading was revised down from 0.2% to -0.4%. March retail spending was dragged lower by a [..]

Quarterly Market Review – Q1 2016

Posted on April 5, 2016 at 2:31 pm GMT

The first three months of 2016 saw the unwelcome return of the turbulence that had marred financial markets in the summer of 2015. Equity indices across the globe saw sharp losses accompanied by high volatility. Major currencies were also exposed to unusual fluctuations as safe-haven currencies were back in demand. It was also a busy quarter for central bank activity, particularly from the European Central Bank and the Bank of Japan. But it was the changing tone of the Fed [..]

FX Daily Outlook| 04-04-16

Posted on April 4, 2016 at 8:51 am GMT

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Asian Session – Yen gains despite positive risk mood

Posted on April 4, 2016 at 8:00 am GMT

The Japanese yen seemed to be the main beneficiary of today’s Asian session, as traders were still adjusting to Fed Chair Janet Yellen’s message that caution was required in raising interest rates higher than their present 0.50% in the United States. Friday’s strong employment report was insufficient at this point to sway the Fed to change its mind, according to the prevailing market view. Yellen’s remarks continued to weigh on the US dollar, which traded near a 15-month low versus the Japanese [..]

Asian Session – Dollar sell-off stalls; aussie and kiwi ease from 9-month highs

Posted on March 31, 2016 at 8:17 am GMT

Global equities continued to make gains following Yellen’s dovish outlook on Tuesday, which boosted risk-on sentiment. The Dow Jones and the S&P 500 indices in the US both closed at a new high for 2016 on Wednesday, while in Europe, shares in London and Frankfurt rallied to end the day 1.6% higher. However, stocks in Asia were mixed on Thursday with Tokyo and Hong Kong giving up earlier gains. The US dollar paused its three-day slide on Thursday to stand [..]

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