A binary Fed

September 25, 2015

Once again mixed messages from Janet Yellen have presented investors with a binary situation on interest rates in 2015. The impression the market has taken from her speech at the University of Michigan last night is that it’s more likely than not that the Federal Reserve will start its monetary tightening this year, however they are keeping the door open to maintaining rates at their historical lows in case the global picture worsens . This means that investors need to not only monitor US data very closely, but the situation across the other major economies in particular Asia. A case in point is Japan where overnight, as expected due to the big declines in energy prices, CPI data showed the world’s third largest economy falling back into deflationary territory. As a result Japanese stocks have enjoyed a strong bounce after softening initially and the Yen has weakened.

Today sees some potentially market moving data from the US in the form of GDP, then PMI figures, followed by Michigan Consumer Sentiment so it will be a busy day for the dollar, which is seeing a relatively strong start to the session. We mentioned resistance in EURUSD around 1.1280 and it reversed just above there with the rate trading at 1.1155 at the time of writing. USDJPY meanwhile is at 120.45 where a break of above 120.70 could see a test of 121.00/121.30.

Publication source
FxPro information  FxPro reviews

December 9, 2016
Gold is tired of moving in the range
On the daily chart of gold, the bears remain control over the market. As long as quotes are below $ 1,195, their positions are not under threat. The update of the December low can lead to the continuation of downward movement towards $1,116...
December 9, 2016
Oil prices ignored bigger-than expected drop
After an Asian consolidation oil prices moved higher on Thursday. The price slightly grew and reversed the minor part of its losses. The benchmark approached 53.50 post-Europe open. The price stayed below the 50 and 100 EMAs in the 1 hour chart...
December 9, 2016
EURUSD Trades Below Significant Resistance
The Italian referendum weighed on EUR/USD, fell to a year low of 1.0506 on 5th December. It was followed a quick recovery, as a result of the rebound of the Euro after testing the significant support level at 1.0500. Yet it retraced after testing the significant resistance level at 1.0800...

Vantage FX Rating
Trade360 Rating
Fort Financial Services Rating
Tickmill Rating
HotForex Rating

OptionFair Rating
Banc De Binary Rating
OptionsXO Rating
IQ Option Rating
Beeoptions Rating
24option Rating