All Articles Tagged - Fed

Week Ahead – China PMI and US jobs in focus, plus more from Yellen

Posted on September 25, 2015 at 11:32 am GMT

The US economy is likely to remain in the spotlight for a second week as key data on employment and consumption expenditure is out, and a number of Fed officials are due to speak including Yellen herself. Data from Japan and China will also come into focus as markets watch for signs of a slowdown in the region’s two largest economies. US personal spending and personal income is released along with the PCE price index on Monday. Personal consumption expenditure, [..]

Markets await Yellen speech for clarity but ECB dampens hopes of immediate easing

Posted on September 24, 2015 at 11:27 am GMT

ECB President Mario Draghi on Wednesday dampened expectations that the European Central Bank will announce further stimulus measures anytime soon saying it was “too early to judge”. While Draghi acknowledged the downside risks to Eurozone growth and inflation outlook posed by the recent developments in China and in financial markets, he said more time would be needed to assess their full impact. The slowdown in China and other emerging economies, the recent appreciation of the euro and falling commodity prices [..]

Dollar boosted after Fed policymakers raise prospects of 2015 rate increase

Posted on September 22, 2015 at 10:57 am GMT

After last week’s much-anticipated FOMC meeting struck a surprisingly more dovish tone than markets had expected, Fed officials have since been signalling that the decision to keep rates unchanged was a close call and a rate hike later this year remains a likelihood. The dollar index, which measures the value of the dollar against a basket of major currencies, fell to a 3½-week low following the FOMC statement last Thursday. The statement cited the downward pressure on inflation in the [..]

European Session – Euro rises above 1.14, sterling rally halted by dovish BoE Haldane

Posted on September 18, 2015 at 1:55 pm GMT

The euro continued to trade above 1.1400 on Friday as the dollar still suffered losses following the Fed’s decision to leave interest rates unchanged on Thursday. The single currency reached a three-week high of 1.1459. It faded some gains to 1.1409 after dovish comments from European Central Bank Executive Board member Benoit Coeure who was speaking today in Paris. Coeure’s comments indicated some discomfort with the recent strength in the euro. He also mentioned the downside risks to the Eurozone [..]

Asian session – Dollar cements losses after surprisingly dovish Fed

Posted on September 18, 2015 at 7:44 am GMT

The US dollar was left nursing its losses during Friday’s Asian session, after the Federal Reserve kept interest rates at zero and adopted a more cautious tone with respect to future rate moves. The Fed cited global economic and financial developments in keeping interest rates at zero and forecast an even lower trajectory for future interest rate moves. Low inflation also played a role in the Fed’s decision. Weakness in emerging market economies and particularly China was specifically mentioned by [..]

Dollar drops on dovish Fed, rates kept unchanged

Posted on September 17, 2015 at 7:27 pm GMT

The Federal Reserve left interest rates unchanged at record lows amid increasing uncertainty in the global economy and stubbornly low interest rates in the US. The Fed statement was quite dovish as it lowered its long-term outlook for the US economy. Its forecasts for GDP growth in 2016 and 2017 were downgraded, while the Fed’s Funds Rate forecasts were also lowered to 3.5% compared to 3.75% at the previous policy meeting. Despite a resilient US recovery, the Federal Reserve Open [..]

FX Daily Outlook

Posted on September 17, 2015 at 9:02 am GMT

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Asian Session – Dollar mixed ahead of key Fed rate decision

Posted on September 17, 2015 at 7:20 am GMT

The dollar was trading mixed during the Asian session, as it was weak against currencies such as the euro and the pound, but positive risk sentiment and rate hike expectations – eventually if not today – boosted it against the yen. The market appeared to be going into the Fed meeting expecting that rates will remain at zero. Even if the Fed refrains from raising interest rates however, a rate hike is highly likely before the end of the year. [..]

FX Daily Outlook

Posted on September 16, 2015 at 8:02 am GMT

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Asian Session: Antipodean currencies climb ahead of key UK employment numbers

Posted on September 16, 2015 at 7:21 am GMT

It was a strong session for the New Zealand and Australian dollars, as the US dollar also held to gains and risk sentiment was positive after a significant rally on Wall Street overnight. The aussie climbed to as high as 0.7167 as the RBA’s Debelle did not sound worried about recent developments in China and played down the importance of the yuan depreciation. The kiwi also rose after rising prices at a global dairy auction. The kiwi climbed to as [..]

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