Fed member speeches in focus

12 October, 2015

Financial markets are calm this morning on what is likely to be a quiet day for investors with the US, among others, observing the Columbus bank holiday and Japan also enjoying a bank holiday. As a result the economic calendar is very thin with nothing noteworthy to be released but attention should be given to two Federal Reserve members who are due to give speeches today. Both voting members Lockhart and Evans are split in their outlook for the path of monetary policy set by the FOMC with Lockhart having been calling for a hike this year, meanwhile Evans is seen as being more dovish and could be setting out his stall out for keeping rates on hold.

The dollar is certainly acting as if the chances of any hike this year has diminished and the Aussie seems to remain well supported in the near term as commodity prices have stabilised. AUDUSD is at 0.7350 at the time of writing testing new multi-week highs having rallied five days in a row, a run not seen since the Spring of this year.


Source link  
U.S. Government Shuts Down

The U.S. government shutdown over the weekend as the Senate failed to pass a bill to keep the funds flowing late on Friday. The Democrats are making...

USD Index Retesting Significant Lows

The Economic calendar for today is very light, with main events in focus for the European trading session concentrating around German PPI...

Economic calendar is relatively light

Today is Martin Luther King’s Birthday, which is a Bank Holiday in the United States. As a result, the Economic Calendar is relatively light today...


US Tax Bill passes

On Wednesday, the US Senate approved the tax bill 51 for and 48 against, while the House of Representatives gave it final approval, passing it for the second time in two days after...

US dollar 'treading water'

USD is treading water ahead of the expected enactment of President Trump’s tax bill. The initial euphoria of lower corporation tax, that many...

CB Monetary Policy Unchanged

Thursday saw the latest Monetary Policy Committee (MPC) report from the Bank of England. The BoE stated that further modest increases...


No Surprises as Fed Raises Rates

The Federal Reserve, as expected, raised its benchmark interest rate by a quarter of a percentage point, to a range of 1.25% to 1.5%. The latest hike...

CB meetings dominate the week

With no impactful economic data releases on the calendar today, the markets are focusing on a plethora of Central Bank meetings scheduled...

No Surprises from BoC & ADP

In an unsurprising move, the Bank of Canada decided to hold its benchmark lending rate at 1%, after two small hikes earlier in 2017. The BoC stated...

  


Share: