Fed

Image via Federal Reserve / Flickr Fed To Wait For More Data With only a handful of weeks having passed since Brexit and the first meaningful post-Brexit data only just starting to trickle in, the Fed are highly unlikely to be seen making any policy adjustments at this juncture in time. Nonetheless, this meeting will be closely watched by ma...

2016-07-27 James Harte Read more
US Fed Cleveland

Towards the end of last week, the yellow metal went up to 13-moths highs due to the increased expectation of a slow in Fed’s monetary policy pace, which is based on the stagnation of hourly wages last month. The trading range was broad on Friday when the spot lingered in the $1,251.30 and $1,280.60 per ounce area, to settle at $1,270.90 for the ...

2016-03-07 Adrian Filip Read more
China

On Wednesday, UK's Markit/CIPS services Purchasing Managers' Index (PMI) revealed a stabilized growth in the country's service sector falling marginally to 55.5 from November's 55.9, still maintaining the survey's long-run average of 55.2 - an indication of an overall increase. Overall, the whole economy is on a steep upward slope, backed up by ...

2016-01-08 Kira Vessiari Read more
Fed Rate hike _Orbex

On Wednesday UK’s ILO (International Labor Organization) 3-months unemployment rate was released, coming out at 5.2% with a previous reading of 5.3%. Job claims count went up in the month of November with 3.9K, reaching 0.796 million. The wage growth reaches half of its pre-crisis value, slowing to 2.4% from an earlier 3%. The US housing stats ...

2015-12-18 Kira Vessiari Read more
Market shakeout

With the countdown to the US FOMC meeting due in less than a week, the markets got a glimpse of volatility yesterday as the US Dollar sold out strongly into yesterday's close since the start of the US trading session. If yesterday's price action is anything to go by, traders should expect the extreme volatility to keep up into the Fed's interest...

2015-12-10 John Benjamin Read more

The currency and fixed income markets (and perhaps the equity markets too) will be keenly following the FOMC's statement later today as the Fed concludes its two-day policy setting meeting. Although not much is expected to be revealed at this meeting in terms of any changes to policy (Interest rates) the Fed's statement will be a closely watched...

2015-07-30 John Benjamin Read more

US Federal Reserve left interest rates unchanged while revising down its forecasts for 2015. The Fed expects to hike rates to the median forecasts of 0.675% by the end of the year 2015 indicating two rate hikes in store for 2015. The US Federal Reserve released its monetary policy statement yesterday. While leaving interest rates unchanged, k...

2015-06-19 John Benjamin Read more