All Articles Tagged - FOMC

Asian Session – Dollar rebounds after Fed but Kiwi slumps on dovish RBNZ

Posted on January 28, 2016 at 8:58 am GMT

Asian stocks started the day positive after the Fed’s slightly dovish statement but gave up earlier gains to turn negative in late Asian trading. China’s Shanghai Composite index closed lower for a third straight day, ending the day down 2.9%. The US dollar rebounded from yesterday’s lows when it dropped immediately after the FOMC statement. The Fed kept rates unchanged but said it is “closely monitoring” the developments in global financial markets and acknowledged that US growth had slowed towards [..]

Fed slightly more cautious as it keeps rates on hold

Posted on January 27, 2016 at 8:20 pm GMT

The Federal Open Market Committee concluded its two-day policy meeting today and kept interest rates unchanged as expected at its first policy decision of the year. In December, the FOMC decided to raise the federal funds rate for the first time since 2006, increasing it by 25bps to a range of 0.25-0.50%. A tightening labor market and a sustained economic recovery since the financial crisis had prompted the Fed to start the normalization of interest rates even as inflation remains [..]

European Session – Weak dollar ahead of FOMC, euro hits 1 year high versus Swiss Franc

Posted on January 27, 2016 at 3:30 pm GMT

The market’s attention was on the Federal Reserve today and the release of the Federal Open Market Committee (FOMC) statement after a policy meeting that began on Tuesday. In anticipation of the policy announcement, there was little risk off in the currency markets as there are expectations of a somewhat more dovish tone from the Fed today as it takes into account the turbulence in global markets since the start of the year. Such economic conditions would not give the [..]

FX Daily Outlook| 27-01-16

Posted on January 27, 2016 at 9:41 am GMT

[..]

Asian Session – Aussie up on strong inflation data; dollar steady ahead of FOMC

Posted on January 27, 2016 at 8:34 am GMT

Asian stocks were mixed on Wednesday with Tokyo gaining 2.7% following a strong close on Wall Street yesterday. But shares in China failed to rebound from Tuesday’s big slump to drop another 0.5% in today’s Asian session on fears of margin calls triggering further losses. The yen was firmer in Asian trading as risk sentiment weakened slightly on Wednesday. The dollar hit a low of 118.03 yen before rebounding slightly to 118.19 in late session. The euro also came off [..]

European Session – Loonie bounces along with oil prices, sterling rallies

Posted on January 26, 2016 at 3:48 pm GMT

Risk sentiment turned in the European session, leading to a recovery in equity markets and a bounce in risk assets. Oil prices bounced back above the key $30 a barrel level, mainly due to hopes that a deal may be edging closer for OPEC and non-OPEC producers to cut the output of oil. This optimism came about after Iraqi Oil Minister Adel Abdel Mahdi said he saw “some flexibility” for a deal, suggesting that Saudi Arabia and Russia could be [..]

FX Daily Outlook| 17-12-15

Posted on December 17, 2015 at 11:01 am GMT

[..]

Asian Session – Dollar makes modest gains after historic rate hike

Posted on December 17, 2015 at 8:53 am GMT

The US dollar rose across the board in currency markets after the Fed announced its first rate hike in almost a decade yesterday. The FOMC raised the Fed funds target range by 25bps to between 0.25-0.50% in a widely telegraphed move. The US currency initially dipped against other currencies after the announcement but later rebounded. The dollar index hit a two-week high of 99.0 but had eased slightly in late Asian trading today. The greenback was back above 122 yen [..]

Fed raises rates by 0.25% but dollar fluctuates on accommodative policy

Posted on December 16, 2015 at 9:18 pm GMT

The US Federal Reserve announced its first increase in the Fed funds rate since June 2006, raising the target range from 0-0.25% to 0.25-0.5%. The move, which was widely expected and carefully telegraphed by the Fed, signals the end of ultra-low interest rates that have been in place since the financial crisis. The decision was unanimous by the Federal Open Market Committee (FOMC) and comes after signs of division within the committee on the appropriate timing for lift-off following the [..]

European Session – Sterling falls on weak UK wage data; dollar subdued ahead of Fed

Posted on December 16, 2015 at 3:46 pm GMT

The wait for the Federal Reserve policy announcement today limited any big moves in the currency market as investors took on a cautious mood. Markets have priced in a 78% chance of a rate hike today. A 25 basis point increase in the Fed funds target range to 0.25 – 0.50% is widely expected at this December meeting after much speculation over the past year. This would be the first time the Fed would raise the key rate in nine [..]

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.

FOMC

XM Live Chat