FOMC

Bespoke resistance is located at 110.00 and we have seen a reaction lower yesterday’s after the FOMC minutes. Channel support (pink line) is located at 107.80. With bespoke support seen at 107.55 this is our first prime support
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In this May 2018 FX markets monthly outlook, The U.S. dollar emerged from a spell of selling as the greenback managed to emerge as one of the top currencies with gains last month in April. The USD was only second to the Canadian dollar…
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Retail sales in the United States posted a strong rebound in the month of March snapping a three month consecutive decline. Retail sales were boosted by a bigger than increase in motor vehicle sales and other big items. Despite the stronger…
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The Federal Reserve Bank released its monetary policy minutes from the meeting that was held in March this year. The central bank had hiked interest rates by 25 basis points which was widely anticipated. At the meeting, central bank…
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The European Central Bank released its monetary policy meeting minutes last week for the meeting that was held earlier in March this year. Policymakers expressed concerns on the risks of a full fledged trade war against the United States…
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The Federal Reserve policy maker, Loretta Mester has stated that the central bank should continue raising the interest rates for the remainder of this year and the year ahead. She said that the rate hikes will help the U.S. economy from…
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The U.S. Federal Reserve went ahead with their March rate hike approval last week on Wednesday in a widely expected move. The fed stuck to the baseline scenario of forecasting two more rate hikes for the remainder of the year. The…
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The Federal Reserve is widely expected to raise interest rates by 25 bps in today’s meeting. Markets are fixated on whether the central forecasts of FOMC members will shift towards signalling 4 rate hikes this year from the current forecast…
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The FOMC will be holding its two day meeting which concludes today. Heading into the event, the futures markets have assigned a near 90% probability of a 25 basis point rate hike at today's monetary policy meeting. While this looks…
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The FOMC gradual rate hiking clearly sustained the stock markets and indices along with stocks which enjoyed a sustained bullish rally. This has been going on since the 2008 Recession. Volatility hit record lows in the 4th quarter of…
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