FX Daily Outlook| 27-07-16
Posted on July 27, 2016 at 9:25 am GMT[..]
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Asian Session – Aussie down on weak inflation; Stimulus expectations push yen lower again
Posted on July 27, 2016 at 7:57 am GMTHopes of fiscal and monetary stimulus in Japan raised risk sentiment in Asian trading on Wednesday as the yen reversed yesterday’s gains to head lower again. Markets were boosted after Japan’s Prime Minister, Shinzo Abe, reportedly said today that the planned fiscal stimulus package will total more than 28 trillion yen. The figure is higher than earlier reports of 20 trillion yen and is said to include measures to counter the negative impact from Brexit. There were also rumours that [..]
Week Ahead – Hopes high for BoJ stimulus; FOMC and Q2 GDP also eyed
Posted on July 22, 2016 at 1:48 pm GMTExpectations have been mounting that the Bank of Japan will launch fresh stimulus measures next week but the Fed will likely stay put. It will also be busy on the data front for Japan and the US, while second quarter GDP data for the Eurozone, the UK and the US should also attract attention. Will the BoJ pull the trigger? Starting the week on Monday, trade figures for Japan are expected to show a further deterioration in exports in June. [..]
FX Daily Outlook| 07-07-16
Posted on July 7, 2016 at 9:46 am GMT[..]
Asian Session – Major currencies steadier but aussie under pressure from rating downgrade
Posted on July 7, 2016 at 7:38 am GMTMajor currencies were steadier in Asian trading on Thursday following some risk-off moves yesterday. The FOMC minutes of the Fed’s June meeting helped calm market nerves as they suggested that the Fed will likely stick to its cautious approach for the time being. The minutes, which were released yesterday, confirmed that Fed policymakers were concerned about the slowing pace of jobs growth as well as the uncertainty of the outcome of the UK’s referendum on membership of the EU. Speaking [..]
Asian Session – Pound slides below $1.30, yen surges as risk-off intensifies
Posted on July 6, 2016 at 8:23 am GMTThe pound maintained its downtrend in Asian trading today as the British currency comes under renewed pressure on fears of capital outflows following the UK’s vote to leave the EU. The concerns intensified yesterday after several UK property funds suspended trading of their real estate funds due to large withdrawals. The UK property market is expected to be one of the biggest casualties of Brexit as it relies heavily on foreign investment. Bank of England Governor Mark Carney added to [..]
Week Ahead – US jobs expected to bounce back; RBA to stand pat
Posted on July 1, 2016 at 2:32 pm GMTFed rate hike expectations may have eased following the shock Brexit vote but US non-farm payrolls will still be closely watched next week as it’s an important barometer for the US economy. Also to keep an eye on are central bank meetings in Australia and in Sweden. Fed speeches and non-farm payrolls in focus After a quiet start to the week as Americans celebrate Independence Day on Monday, things will get busier from thereon with plenty of economic data to [..]
FX Daily Outlook| 16-06-16
Posted on June 16, 2016 at 9:10 am GMT[..]
Asian Session – Dollar slips below 104 yen after cautious Fed and steady BoJ
Posted on June 16, 2016 at 8:01 am GMTThe US dollar hit a 22-month low against the yen in Asian trading on Thursday as the Fed failed to signal a July rate hike, while the Bank of Japan held off from further easing. The greenback dropped to levels last seen in August 2014, touching a low of 103.54 yen. The euro was steadier though at around 1.1267 dollars. The Fed kept interest rates unchanged yesterday as expected, but sounded more dovish than in the last FOMC meeting in [..]
Fed keeps rates unchanged; still expects two hikes in 2016
Posted on June 15, 2016 at 8:39 pm GMTThe US Federal Reserve delivered no surprises today as it kept its benchmark interest rate unchanged at the end of its two-day policy meeting. As expected, the Federal Open Market Committee (FOMC) kept the federal funds rate unchanged at between 0.25%-0.50% for the fourth straight month. Market expectations of a rate hike in June had risen sharply after the release of the April meeting minutes in mid-May, which were surprisingly hawkish. However, expectations were pared back drastically after hugely disappointing [..]
