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  
Oil Slumped Post OPEC Extension

On Thursday, OPEC announced that the existing output cut agreement will be extended for an additional 9 months...

USD Bounces From Month Low

Trump administration has presented its 2018 budget plan to Congress last evening. The budget plan calls to slash $3.6 trillion...

Dollar index hit a new low

The dollar index hit a new post presidential election low of 96.95 on Friday May 19th. EUR/USD hit a high of 1.1211...


USD Hit Post Election Low

To date the dollar index has almost given up all of the post presidential election rally...

BoE Expected to Keep Rates Steady

ECB Governor Draghi will make a speech in the Dutch Parliament at 12:00 BST today. It will be Draghi first speech...

Trump's Tax Reform Plan

US Treasury Secretary Mnuchin announced Trump’s tax reform plan in a press conference...


Corporate Earnings Lift US Stocks

Last week the US President Trump stated on twitter...

Market Concerns Eased

The first-round voting of the French presidential election was revealed on Sunday night...

Dollar Plunged on Trump Second Statement

The dollar index fell to a 2-week low of 99.91 in the early hours...

  


Share: