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Fed meeting: Justifying the paradigm shift – Forex News Preview

Posted on September 15, 2020 at 2:06 pm GMT

The Fed will conclude its policy meeting at 18:00 GMT Wednesday, ahead of Chairman Powell’s regular press conference half an hour later. The central bank is certain to use this meeting to explain its new inflation-overshooting regime in more detail. What is less certain is whether it will also deliver new measures to lift inflation. Considering the strength of recent data, there’s little urgency to do so. Policymakers can afford to wait until after the US election, which may give [..]

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FOMC minutes: Setting the stage for September – Forex News Preview

Posted on August 18, 2020 at 12:50 pm GMT

The minutes of the latest Fed meeting will hit the markets at 18:00 GMT Wednesday. Investors will look for any hints as to the Fed’s next move, which will probably be to strengthen the forward guidance. Clear signals that this might be announced in September could weigh on the dollar and boost stocks, albeit not much, as this is the consensus view. Overall, the dollar’s path will be decided mostly by what Congress does and how the virus picture evolves. [..]

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Fed meeting: A more cautious message – Forex News Preview

Posted on July 27, 2020 at 11:56 am GMT

The Federal Reserve will wrap up its latest meeting at 18:00 GMT Wednesday. No change in policy is expected, so the focus will be on Chairman Powell’s press conference at 18:30 GMT. With signs that the US recovery has flattened lately, Powell could adopt a more cautious tone, opening the door for more action in September. If so, that might be enough to accelerate the dollar’s freefall, though Thursday’s GDP numbers could provide some support.   Under pressure The US [..]

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Fed minutes could upset markets – Forex News Preview

Posted on June 30, 2020 at 9:50 am GMT

It’s a packed week in America, where Fed Chairman Powell will testify at 16:30 GMT Tuesday, ahead of the minutes of the latest FOMC meeting at 18:00 GMT Wednesday. The crucial jobs numbers for June will follow Thursday. In a nutshell, the minutes could show a Fed that’s still hesitant towards yield curve control, much like Powell seemed back at that meeting. If so, that might lift the dollar and hurt stocks a little, but in the bigger picture, how [..]

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Fed meeting: Taking a breather – Forex News Preview

Posted on April 28, 2020 at 10:40 am GMT

The Fed concludes its meeting at 18:00 GMT on Wednesday and having thrown everything including the kitchen sink to protect the US economy in the battle against the virus, no action is expected this time. As such, the market reaction may depend mainly on Chairman Powell’s remarks half an hour later. From a risk-management perspective, Powell has more incentive to soothe investors’ nerves and hint that more stimulus is possible, which could briefly hurt the dollar. Preventing a financial crisis [..]

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US Open Preview – Dollar inches up as Fed takes center stage

Posted on August 1, 2018 at 11:05 am GMT

Here are the latest developments in global markets: FOREX: The US dollar continued the bullish movement today against the Japanese yen (+0.05%), near 112.00, while tariffs returned to the spotlight as the US and China were reportedly seeking to resume talks to find common ground on trade. The main event of the day will be the FOMC monetary policy decision later in the day. In the Eurozone, the final IHS Markit manufacturing PMI posted a reading of 55.1 in July, unchanged from [..]

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Asian Session – Dollar holds firm after hawkish Yellen

Posted on February 15, 2017 at 8:35 am GMT

The US dollar held onto gains after a strong rally on Tuesday following comments made by Fed Chair Janet Yellen. In her semi-annual testimony before the Senate Banking Committee in Washington DC, Yellen signaled to the markets that the US central bank could raise interest rates as soon as at its next policy meeting in March.  The tone of her pre-prepared speech was more on the hawkish side and this helped drive the greenback higher. The dollar index ,which measures the [..]

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European Session – Pound under pressure on Brexit uncertainty; Dollar tests 117 yen ahead of Yellen

Posted on December 19, 2016 at 3:39 pm GMT

The British pound came under pressure on Monday as markets grew increasingly concerned about the direction of the UK’s Brexit negotiations with the EU. UK politicians have been hinting recently that they are seeking a transitional agreement that would make it easier for British businesses to adjust to life outside the EU. But there were few signs of a quick settlement for such a deal at last week’s EU summit that was attended by UK PM Theresa May and other [..]

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European Session – Aussie and kiwi extend losses against broadly stronger greenback

Posted on December 16, 2016 at 3:22 pm GMT

The US dollar was consolidating gains against the yen, the euro and the pound and was trading a tight range after its Fed-driven surge earlier this week. The stall in the greenback’s rally today gave some relief for gold prices which recouped some of its post-Fed losses. The US currency however extended gains versus the loonie, the aussie and the kiwi. The Australian and New Zealand dollars are high yielders but despite this fact and due to narrower interest rate [..]

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Week Ahead – Bank of Japan policy meeting and RBA meeting minutes in focus

Posted on December 16, 2016 at 1:41 pm GMT

After a busy week which was dominated by central bank meetings that included the Federal Reserve and Bank of England, markets will also await another major central bank meeting next week – the Bank of Japan. The Fed’s highly anticipated meeting culminated with a decision on Wednesday to raise the Fed funds rate by 25 basis points as expected but the US central bank surprised the markets with a revision to its rate hiking cycle and indicated it would raise [..]

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