The US dollar certainly received a boost from the growing prospects of a rate hike by the Federal Reserve in March. What does this mean going forward: Here is their view, courtesy of eFXnews: In Friday’s speech, Fed Chair Janet Yellen confirmed that the Fed is set to hike rates at the upcoming meeting ending on … “USD: We Now See 3 Fed Hikes This Year In”
Category: Opinions
Is the Fed aware of great NFP numbers?
The dollar surged this week on unusually hawkish comments from the doves at the Federal Reserve. The central bank took back the baton of market influence by laying heavy hints about a March rate hike. Bill Dudley, No. 3 at the Fed, has previously shown his dovish side but now he said there is a “compelling case” … “Is the Fed aware of great NFP numbers?”
USD: We Now Expect The Fed To Hike In March – ABN AMRO
The odds for a rate hike from the Federal Reserve have risen significantly after Dudley’s speech. The team at ABN AMRO joins the March train: Here is their view, courtesy of eFXnews: We now expect the Fed to hike rates this month. The sharp year-to-date improvement in US business surveys signals the possibility of accelerating US growth … “USD: We Now Expect The Fed To Hike In March – ABN AMRO”
Currency of the week: EUR/USD: Cautiously optimistic as politics
The world’s most popular currency pair may have too manny moving parts and this triggers very tight range trading. This will probably not last too long. French opinion polls ECB expectations are key for Europe, while Trump and the Fed move the dollar. We focus on what to watch out for, with a cautiously optimistic … “Currency of the week: EUR/USD: Cautiously optimistic as politics”
EUR/USD Parity Call In Place; USD: March FOMC Hike
Following Dudley’s hawkish comments, the conviction for EUR/USD parity strengthens amid the ranks of BTMU: Here is their view, courtesy of eFXnews: Now it’s over the Fed and with the financial markets increasingly pricing in the probability of a rate hike in March, there is certainly a much greater chance that Yellen’s speech on Friday … “EUR/USD Parity Call In Place; USD: March FOMC Hike”
Will Trump end his market rally in the speech to
US President Donald Trump speaks to a joint session of Congress during the usually quiet hours of the Asian session in a speech that is anticipated to touch on many economic priorities. Nearly 40 days into his presidency and nearly four months after winning the elections, will we get a definitive Donald Disappointment? Or will he say the world … “Will Trump end his market rally in the speech to”
AUD/USD: Trading the Chinese Caixin Manufacturing PMI
Chinese Caixin Manufacturing PMI (Purchasing Managers’ Index) is based on a survey of purchasing managers in the manufacturing sector. Respondents are surveyed for their view of the economy and business conditions in China. A reading which is higher than the market forecast is bullish for the Australian dollar. Here are all the details, and 5 possible … “AUD/USD: Trading the Chinese Caixin Manufacturing PMI”
EUR/USD: Trading the US Preliminary GDP
US Preliminary GDP is a measurement of the production and growth of the economy. Analysts consider GDP one the most important indicators of economic activity, and publication of Preliminary GDP could have a significant impact on the movement of EUR/USD. A reading which is higher than the market forecast is bullish for the dollar. Update: US GDP disappoints, … “EUR/USD: Trading the US Preliminary GDP”
EUR/USD: Oscillating Amid Counterintuitive Reaction To Data; Positioning Key
EUR/USD has not always provided the “correct” reaction to economic data releases. What does it mean? The team at ANZ provides some answers: Here is their view, courtesy of eFXnews: The response in currency markets to data releases over the past week has been instructive in that it has been counterintuitive. In the wake of … “EUR/USD: Oscillating Amid Counterintuitive Reaction To Data; Positioning Key”
FOMC Minutes and the next rate hike – 3 opinions
The FOMC meeting minutes were relatively upbeat, seeing the glass half full regarding the economy, but the dollar failed to rally. When will we see the next hike? Here are three opinions: Here is their view, courtesy of eFXnews: FOMC Minutes: We Still See 2 Hikes In June And December – Danske As expected, we did not … “FOMC Minutes and the next rate hike – 3 opinions”