FOMC

The U.S. Federal Reserve will be concluding its two-day FOMC meeting on Wednesday this week. According to the futures markets, the 30-day Fed funds rate is expected to rise by 25 basis points, bringing the short term interest rates to 1.25% - 1.50%. December's rate hike, now almost a done deal, will be the second rate hike this year. The Fed ...

2018-01-25 John Benjamin Read more
Federal Reserve

The FOMC members, Powell and Harker, are scheduled to speak today. The speeches from the Fed members mark a long list of Fed speeches delivered during the week. So far, FOMC members Kashkari and Powell gave their speeches including the Fed Chair Janet Yellen. Kashkari maintains dovish stance As expected, the Minneapolis Fed President Kashkar...

2017-10-22 John Benjamin Read more
20 euro and 20 dollar bills

With the EURUSD now looking to the fourth quarter of the year, the focus for investors will be whether the common currency can hold to the impressive gains made this year. The euro currency has been undoubtedly one of the top performing currencies this year as the technicals point to a nascent uptrend that is likely taking shape. Battle of th...

2017-10-22 John Benjamin Read more
FOMC

The FOMC meeting this week will be interesting as the Fed is all set to announce its balance sheet reduction program. After starting with years of quantitative easing program to stimulate the economy, the Fed will soon start to unwind its Treasury and Mortgage Backed Securities (MBS) starting September. Having signaled its intentions to begin u...

2017-10-22 John Benjamin Read more
US Flag_Department of Commerce

Many traders believe that today is a big day, and it will actually give them some clues about September Federal Reserve decision on whether to raise the interest rate again or not, depending on the upcoming Jobs Report, which will be released later today. However, this is not the case. The Federal Reserve’s decision is not connected with the Jo...

2017-09-01 Nour Eldeen Al-Hammoury Read more
US Dollar Bill

After five months of consecutive declines, reaching the lowest level since April of last year around 92.50’s, the US Dollar has been trading within a very tight range, with no clear break to the upside or the downside. Long-Term Support Area Since the beginning of the month, the US Dollar index is trading within our plan, outlined in many p...

2017-08-24 Nour Eldeen Al-Hammoury Read more
Jackson Hole Map

If the markets are still talking about the “Sintra Accord”, then Jackson Hole is quite likely to bring with it some expectations. Not so long ago, central banks convened in Sintra, Portugal. Here, surprisingly many central bank chiefs came out strongly hawkish. This included the BoE Governor Carney, BoC’s Poloz and the ECB’s Draghi. The hawkish...

2017-08-24 John Benjamin Read more
USA Flag_US Economy_Trump

The two-day FOMC meeting concluded yesterday with the release of the monetary policy statement. With no press conference scheduled, the markets were widely expected to see no changes. As expected the US Federal Reserve kept the policy rate unchanged. The Fed also maintained that it would keep monetary policy accommodative. The FOMC statement sh...

2017-07-27 John Benjamin Read more
Federal Reserbe Janet Yellen5

The Federal Reserve Bank will be holding its monetary policy meeting today. The central bank meeting is expected to see the fed funds rate remain unchanged at 1% - 1.25%. The probability of a rate hike is also extremely low, according to the CME Group's rate hike probability tool. Today's FOMC meeting will not be followed by a press conference,...

2017-07-26 John Benjamin Read more
Yellen_Rate Hike_2402

Traders will be looking at the consumer price index data to be released today. According to economists polled, consumer prices are expected to rise 0.1% on the month. This would reverse the 0.1% decline seen in the previous month. On a year over year basis, headline consumer prices are expected to rise 1.7%, marking a slower pace of increase aft...

2017-07-26 John Benjamin Read more