FX Daily Outlook| 16-12-15
Posted on December 16, 2015 at 10:49 am GMT[..]
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Asian Session – Dollar off highs as attention turns to FOMC announcement
Posted on December 16, 2015 at 9:05 am GMTThe dollar climbed to one-week highs yesterday in anticipation of an expected Fed rate hike later today. Slightly better-than-expected inflation data and 2-year US treasury yields rising to 5-year highs also helped the greenback on Tuesday. The dollar extended its gains against the yen today to climb to 121.90 yen in late Asian trading. The euro also fell against the dollar and hit a low of 1.0904 dollars yesterday but was up at 1.0935 dollars today. US inflation came in [..]
European Session – Euro falls below 1.10; dollar strengthens ahead of FOMC
Posted on December 15, 2015 at 3:57 pm GMTThe euro was unable to remain above $1.1000 as the market focus shifts to the Federal Reserve policy meeting which is being held over two days and concludes with an announcement on Wednesday. The dollar has been gaining across the board in the past session as a rate hike by the Fed is a likely scenario. The dollar rose against the yen to a high of 121.53. The rate increase itself is more or less full priced in at this [..]
Asian Session – Oil steadies but dollar under pressure ahead of inflation data and FOMC
Posted on December 15, 2015 at 8:49 am GMTOil prices rebounded yesterday from 2009 levels after US oil futures hit a fresh intra-day low of $34.52 a barrel. US futures were slightly below earlier highs at $36.08 in today’s Asian session, while Brent crude was trading at $37.82 a barrel. Oil prices are expected to remain under pressure as a mild winter is likely to hit demand further in the coming months. The Australian dollar received a boost from the RBA’s latest meeting minutes, which said that low [..]
Week Ahead – Fed lift-off could finally arrive; China, Japan and UK also in focus
Posted on December 11, 2015 at 12:44 pm GMTThe US Federal Reserve is expected to take centre stage next week as it meets for its December FOMC meeting and is likely to announce its first rate hike since 2006. However, China, Japan and the UK should not go unnoticed as key economic indicators are released for the respective countries. China will release its latest industrial production and retail sales data on Saturday even before the week has started. Industrial production is forecast to stay unchanged at 5.6% y/y [..]
FX Daily Outlook| 19-11-15
Posted on November 19, 2015 at 9:36 am GMT[..]
FX Daily Outlook| 29-10-15
Posted on October 29, 2015 at 10:39 am GMT[..]
Asian Session – Dollar up on FOMC statement but eases against yen on strong Japan data
Posted on October 29, 2015 at 8:33 am GMTThe US Federal Reserve surprised markets on Wednesday when the FOMC statement sounded more hawkish than what analysts were expecting. The statement specifically referred to what information the committee will be assessing at its next meeting, suggesting that a move in December is a strong possibility. The dollar index jumped by 1.5% after the statement as many investors had ruled out a rate rise this year. In the statement, the FOMC said that the risks to economic outlook and the [..]
Fed hints at possible December rate hike; dollar jumps
Posted on October 28, 2015 at 7:28 pm GMTThe Federal Open Market Committee (FOMC) concluded its two-day meeting today and as expected, voted to keep the federal funds rate unchanged with one dissenter voting against the decision. Richmond Fed President Jeffrey Lacker once again voted to raise rates by 0.25% but the FOMC’s statement suggests he may not be outvoted at the next meeting. The committee sounded more upbeat than at the previous meeting, noting that the risks to the outlook for economic activity and the labor market [..]
European Session – Dollar weak ahead of Fed, oil and gold rally
Posted on October 28, 2015 at 4:26 pm GMTThe US dollar remained weak against most major currencies due to low demand ahead of the FOMC policy announcement due later in the day. The Federal Reserve is expected to keep interest rates unchanged near zero percent. A recent spate of weak US economic data has led to most economists forecasting that the US central bank would hold fire at this meeting and keep rates where they have been since 2008. The dollar was steady against the yen, trading above [..]
