The Week Ahead – Euro PMIs, RBNZ Rate Statements and US Inflation Reports In Focus
The market started the new week on risk aversion – exactly where it left it last week. The dollar continues to dominate against its peers while equities look vulnerable. Eurozone PMIs, Kiwi monetary policy statements, US GDP, Inflation reports and the FOMC will ensure another volatile week. Last Week Recap The dollar was the strongest […]
Daily Update and Forecast – Post-FOMC, BoE and OPEC in focus
Wednesday FOMC statement included a $15 billion monthly cut from its current quantitative easing programs starting this month. Nothing out of the ordinary was noticed. Coming up today is its counterpart in the UK and of course, the OPEC+ meeting. What did FOMC conclude? On Wednesday, the Fed Reserve was hawkish about the US economy […]
FOMC Preview and USD Analysis- Will the Fed quicken the dollar rise with a big taper?
It’s a big day for the US markets. It’s a big day for the dollar. The US monetary policymakers will reveal the pace of their asset tapering, the current status of inflation and when it could start hiking rates. Meanwhile, the dollar remains upbeat as the index stays firm above 94. During and after the […]
Chinese market plunges, dollar recovers slightly ahead of FOMC
The market ended the Asian session in a mixed mood. The S&P 500 sheds some profit while the dollar is recovering a little of Tuesday’s net loss. Bitcoin returns to $40,000, leading the pace again. The focus will be on the FOMC report coming later today. Chinese market plunged China is feeling the biggest Covid-19 […]
The Week Ahead (June 14 -18)- Important Market Themes to watch out for
Another very interesting week ahead as the market looks forward to the FOMC monetary policy update following the last NFP miss and rising inflation figures. Also, important Aussie employment figures will be released before the SNB and BoJ rate statements later in the week. Traders will also watch out for the Canadian inflation report following […]
FOMC maintains strict support citing sharp but uneven recovery – what next for dollar?
The FOMC on Wednesday kept the federal fund rate unchanged at 0-0.25%. Its refusal to taper the current asset purchase values drag the dollar lower and pushed S&P 500 to a fresh record high. Fed went dovish, no taper yet until targets are met The Fed Chair Powell said although the economy is recovering at […]
FOMC Wednesday: How will the dollar react across the major FX?
The market continues to swing its mood almost on a daily basis this week. The dollar is reclaiming some ground on Wednesday a few hours before New York as participants await the FOMC. Just as we expected at the start of the week, the sentiments driving the market prior to FOMC are not consistent enough […]