Tag Archives: FOMC

16 June: Forecast: FX: US$/Majors

  EURUSD: 1.1146 EurUsd has been under pressure as the dollar continues its recovery following the FOMC decision, assisted by today’s firm US data, with the pair finishing the session just above the Thursday lows of 1.1131. With the 4 hour/daily momentum indicators looking heavy further losses look likely, which could see a decline to 1.1100/10 and possibly… Read More »

25 May: Cautious FOMC Minutes pressure US$. Stocks, commodities firm. NZ Budget, UK Q1 GDP & secondary US data ahead.

  Having shrugged off the China downgrade by Moody’s yesterday and then having traded steadily through Mario Draghi’s speech, in which he pretty much maintained the status quo as far as the ECB is concerned, the dollar ended the day weaker after the release of the cautious FOMC Minutes, which were taken by traders as being slightly dovish.… Read More »

4 May: Fed on hold. US$ mildly firmer, stocks steady. Services/Composite PMIs in focus today. NFP tomorrow.

  The dollar is a little higher, while US stocks are unchanged after the Fed left interest rates unchanged at 1%, signaling the recent slowing in economic growth during Q1 as likely to be transitory. The statement also noted that the Fed will remain on a gradual path of policy tightening although it provided little direction on when… Read More »

4 May: Forecast: Stock Indices, Commodities

  S&P: 2382 US stocks are steady on Wednesday, largely unaffected by the outcome of the FOMC Meeting, with the S+P pretty much confined within recent parameters and leaving the outlook unchanged. (Range; 2375/85) As before, the momentum indicators still look mixed and another rangebound session would not really surprise while waiting on Friday’s NFP. The dailies still… Read More »

3 May: Forecast: FX: US$/Majors

  EURUSD: 1.0929 EurUsd has had another rangebound session, rising slowly from the lows to the highs, where it currently sits at 1.0925. Technically, further choppy trade appears likely but possibly with a slight upside bias, which may continue to underpin the Euro in the next couple of days although the FOMC statement will decide the direction from… Read More »

6 Apr: A volatile ride but FOMC minutes send dollar/stocks lower. Trump-Xi meeting ahead today.

  It has been a fairly quiet session for the most-part on Thursday, at least until the release of the FOMC Minutes, which confirmed that the Fed is considering letting the balance sheet start to run off, without explaining how it will do it. The reaction was mixed, with stocks showing the most interest by spiking higher before… Read More »