FX Daily Outlook| 14-12-16
Posted on December 14, 2016 at 9:10 am GMT[..]
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Asian Session – Dollar sidelined ahead of highly anticipated Fed meeting
Posted on December 14, 2016 at 7:14 am GMTThe US dollar remained sidelined ahead of the Federal Reserve’s monetary policy announcement later today. The consensus is for a rate hike of at least 25 basis points to bring the Fed funds rate to a range of 0.5 percent to 0.75 percent. This would be the first interest rate increase this year and just the second since the financial crisis. A rate hike by the Fed is mostly already priced in by the markets, so what will be more [..]
FX Daily Outlook| 13-12-16
Posted on December 13, 2016 at 9:47 am GMT[..]
Week Ahead – All eyes on Fed; Bank of England, SNB and Norges Bank meet too
Posted on December 9, 2016 at 1:30 pm GMTAfter this week’s surprise actions by the ECB, markets will be hoping that central bank meetings over the next seven days won’t stray too far from expectations. Apart from the Fed’s much anticipated FOMC meeting, central bankers from the UK, Switzerland and Norway will also be gathering for their regular policy meetings. In terms of data, inflation and retail sales figures for the UK and the US will be the main highlight. Japanese business outlook expected to improve in Q4 [..]
Asian Session – Sterling hits new 3-week high; dollar drops below 103 yen on US election jitters
Posted on November 3, 2016 at 7:32 am GMTAfter a two-day meeting, the Federal Reserve announced on Wednesday that it held interest rates steady again. No rate hike by the Fed was widely expected by the markets because of the growing uncertainty around the upcoming US election. The Fed released a statement that acknowledged the case for a rate hike is getting stronger and left the door open for a move in December. They indicated that they would prefer to wait for further evidence of progress in the [..]
Fed holds rates but sees increased case for rate hike
Posted on November 2, 2016 at 7:44 pm GMTThe US Federal Reserve announced no change to its benchmark rate on Wednesday as it concluded its two-day policy meeting. The Federal Open Market Committee kept the target range for the federal funds rate unchanged at 0.25% to 0.50%, as expected, but signalled it was getting closer to achieving its objectives of maximum employment and inflation of 2%. In its statement, the Fed said the case for a rate rise “has continued to strengthen” but has decided to wait for “some” further [..]
European Session – Sterling rallies on UK construction PMI, dollar weakness persists on US election worries
Posted on November 2, 2016 at 3:06 pm GMTRisk aversion continued to grip the markets in today’s European session as US election worries grow, lending support to safe haven assets. The dollar extended losses against many counterparts while gold was bid. Economic data released during the European session were on PMI surveys for the Eurozone manufacturing and UK construction sectors but these were a temporary distraction for the markets as the focus was elsewhere, primarily on the US elections. Sterling received an added boost after UK construction PMI [..]
FX Daily Outlook| 02-11-16
Posted on November 2, 2016 at 10:30 am GMT[..]
FX Daily Outlook| 22-09-16
Posted on September 22, 2016 at 8:21 am GMT[..]
Asian Session – Dollar weakens, gold rallies as Fed sees no rush to hike rates
Posted on September 22, 2016 at 5:27 am GMTThere was broad dollar weakness during Asian trading on Thursday which followed through from the late US session when the greenback softened after the Federal Reserve’s decision to delay a rate hike. The FOMC concluded a two-day meeting on Wednesday with a decision to hold the federal funds rate unchanged between 0.25%-0.50%. While the Fed was in no rush to hike rates in September it did however suggest that further rate hikes were to come soon and gave strong hints [..]
