Further evidence of no Fed hike in 2015

October 9, 2015

Risk assets are being buoyed further by hungry investors happy to get back into equities as the outlook for monetary policy tightening looks more assured with rates set to stay lower for longer. The FOMC minutes were decidedly dovish with the Fed continuing to stress its concern in respect to risks from overseas and the impact this is having on global growth and US domestic inflation. This is increasing risk appetite giving renewed strength to the Aussie which overnight has broken to a new six week high against the dollar having pressed against the 0.7300 level already this morning.

As we continue to move into the final quarter of 2015 the odds on there being a December rate hike from the Fed have significantly reduced. Our Chief Economist has been consistent in his call for no Fed hike this year as far back as 2014 (read here) and as the past couple of years have proved, whilst it is incredibly difficult to predict Central Bank monetary policy, we are looking for the first Fed hike to come in March 2016. Today’s economic calendar is quiet although Canadian unemployment data is released at 13.30 UK time to keep an eye out for USDCAD to see if further dollar weakness is on the cards.

Publication source
FxPro information  FxPro reviews

September 30, 2016
The OPEC greases the wheels for oil
The global equities rally led by the gains in the energy sector after the OPEC members cut a deal in Algiers, despite the market scepticism and repeated statements that the Oil officials in Iran and Saudi Arabia are not able to find a middle ground in the current conditions...
September 30, 2016
Opec deal no certainty
In a huge surprise to the market, members of the Opec cartel agreed to cut production by as much as 700,000 barrels a day with some predicting that this may be the start of a new upward trend for oil...
September 30, 2016
Brent futures consolidated their gains
Brent rose in the European session after a surprised OPEC decision to cut oil output. Moreover, a draw in U.S. crude stocks gave an additional support for oil prices...

FXCM Rating
Fort Financial Services Rating
Grand Capital Rating
XM Rating
Vantage FX Rating
FxPro Rating

Banc De Binary Rating
OptionFair Rating
TopOption Rating
Grand Option Rating
EZTrader Rating
OptionRally Rating