FX Daily Outlook
Posted on July 29, 2015 at 9:03 am GMT[..]
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Asian Session – Dollar edges up ahead of FOMC statement; China stocks stage a late rally
Posted on July 29, 2015 at 8:05 am GMTShares in China were heading for a fourth-day of losses but staged a late rally to turn positive. The Shanghai SE Composite jumped by 3.5% in late Asian session and the Shenzen CSI 300 index was up by 3%. Equity prices appear to be stabilizing after China’s regulator said it would be buying more shares and has hinted at additional measures to boost liquidity. In Wall Street, investors put aside concerns over China as shares closed higher on Tuesday for [..]
European Session – Dollar mixed ahead of Fed decision; Pound boosted by strong GDP data
Posted on July 28, 2015 at 2:28 pm GMTThe dollar made steady gains in European session but fell back in late trading as markets await tomorrow’s FOMC statement by the Fed, which kicks off its two-day policy meeting today. The greenback was trading 0.5% higher against the yen at 123.60, having touched a low of 123.07. Investors are hoping that Wednesday’s FOMC statement will provide more precise clues on when the Fed will raise rates, which is widely expected in September, though December also remains a strong possibility. [..]
FX Daily Outlook
Posted on July 27, 2015 at 8:43 am GMT[..]
Yellen reiterates expectations of rate hike this year in Congressional testimony
Posted on July 16, 2015 at 11:32 am GMTFederal Reserve Chair, Janet Yellen, provided an upbeat assessment of the US economy in her semi-annual testimony before the Committee on Financial Services in the US House of Representatives on Wednesday. There were no surprises in the speech as much of the outlook was unchanged from that provided in the Fed’s June meeting minutes. Yellen said that the pace of economic growth should be moderate in the second quarter, mostly due to higher consumer spending and a recovering housing market. [..]
Week Ahead – Focus on Greek referendum but industrial output should also draw attention
Posted on July 3, 2015 at 12:24 pm GMTImportant data scheduled to come out next week run the risk of becoming overshadowed by the outcome of Greece’s referendum on the bailout program. Key data on industrial production, trade balance and employment could get sidelined whatever the outcome of the referendum. Negotiating efforts are likely to get stepped up as both the Eurozone and the ECB will be faced with a dilemma if the outcome is a “No”. While a “Yes” vote could lead to political instability as the [..]
Half-year review: Dollar rally stalls; euro resilient as Asian majors fall
Posted on July 1, 2015 at 3:06 pm GMTThe US dollar gave up some of its gains in the second quarter of the year after rising sharply in the first quarter. The dollar index, which measures the average value of the dollar against a basket of currencies, had risen by around 10% on rising expectations that the Fed would raise interest rates in the first half of the year. But the greenback lost momentum after the Fed removed the word “patient” from its FOMC statement in March. Although [..]
US consumer spending jumps in May; points to accelerating growth
Posted on June 25, 2015 at 2:35 pm GMTConsumer spending in the US rose at the fastest rate in May since August 2009 as consumers benefited from falling unemployment and rising incomes. Personal spending rose by 0.9% on the month after an upwardly revised 0.1% rise in April. Estimates were for an increase of 0.7%. Personal income also continued to grow, rising by 0.5% on the month, which was within forecasts. Disposable income was up by just 0.2% after a 0.4% rise in April. The strong personal spending [..]
FX Daily Outlook
Posted on June 18, 2015 at 8:12 am GMT[..]
Fed on track to raise rates but cut in growth outlook signals slower rise
Posted on June 17, 2015 at 8:17 pm GMTThe Federal Reserve’s Federal Open Market Committee concluded its two-day meeting today, keeping policy unchanged as expected. Markets have been keenly waiting for the details of the FOMC statement as slower than expected economic growth since the start of the year has pushed back initial expectations that the Fed would begin tightening monetary policy as early as June. This has led to increased speculation over the timing and the pace of any interest rate rise with the Fed acknowledging that [..]
