forex weekly commodities wrap

Gold The yellow metal rose slightly this week, taking its cues from a weakened US Dollar which fell in response to the June FOMC meeting. The sell-off came despite the Fed raising rates as expected and upgrading its rate hike forecast for the rest of the year from one hike previously to two hikes. The weakness is reportedly due to President Tru...

2018-06-14 James Harte Read more
fed raises rates

Inflation Rises In Line With Expectations USD bulls were given some encouragement this week as the latest data showed May inflation in the US printing in-line with expectations, with the headline measure rising 0.2% month-over-month. This latest increase raises the inflation rate to 2.8% from 2.5% in April, marking the fastest increase since 20...

2018-06-14 James Harte Read more

The Federal Reserve is widely expected to raise the Federal Funds Rate today, from 1.75% towards 2.00% benchmark points. Exactly at 18:00 GMT the FED will issue a statement, which will contain the interest rate outlook, along with its latest economic forecasts. At this stage, the Market already priced in the June Fed rate hike, therefore, ...

2018-06-13 Richard Tataru Read more

With Trump and Kim meeting this Tuesday, UK Unemployment rate, US CPI, UK CPI, FOMC meeting, ECB meeting, the BOJ monetary policy meeting and so much more this week, what could be in store for the FXMajors? [shortcode-variables slug="go2_tradeideas"]  

2018-06-12 Ian Coleman Read more
May fomc minutes

The Federal Reserve released the May FOMC minutes last week. The minutes were released with the usual delay of three weeks after the monetary policy meeting. According to the meeting minutes, officials had earlier this month suggested that another rate hike was appropriate. Officials noted that while there were several risks that were facing ...

2018-05-31 John Benjamin Read more
Mester aims to maintain Fed's course

The President of The Cleveland Federal Reserve Bank, (known to be a hawk in the FOMC) Loretta Mester aims to maintain Fed's course, stating that the central bank must continue its gradual approach to raising interest rates as the inflation rate still did not reach the central bank's 2% inflation target rate. She spoke on Monday in Paris, amid a ...

2018-05-21 John Benjamin Read more
FOMC speeches confirm Fed’s view

The Chairman of the Federal Reserve, Jerome Powell, speaking at a conference sponsored by the International Monetary Fund and the Swiss National Bank in Zurich said that the financial markets have received the information the central bank is on track for gradual interest rate hikes. He said that the markets should not be surprise as the central ...

2018-05-17 John Benjamin Read more
Intraday Analysis 11th May 2018

Daily Forex Market Preview - Intraday Analysis 11th May 2018 The British pound felt the heat yesterday as the BoE left interest rates unchanged. However, the losses were limited with the currency pair seen consolidating near the same level. Data from the U.S. showed that consumer prices rose less than expected. Headline CPI increased 0.2% while...

2018-05-11 Orbex Read more
May FOMC Meeting

Summary: Officials leave the short term rates at 1.50% - 1.75% Federal Reserve on track to hike rates at the June FOMC meeting Officials willing to tolerate inflation overshoot beyond 2% Further rates hikes for the rest of the year to be determined by incoming data The Federal Reserve Bank held its monetary policy meeting last w...

2018-05-10 John Benjamin Read more

In Wednesday’s Federal Reserve policy statement, the US central bank indicated that: “Inflation on a 12-month basis is expected to run near the committee’s symmetric 2 percent objective over the medium term”. The reference to symmetric objective means the US central bank anticipates inflation to reach the 2.0% target and is willing to allow i...

2018-05-10 Ashraf Laidi Read more