Market nerves growing

November 13, 2015

Janet Yellen gave little away yesterday as she made no reference to interest rate policy and then the Vice Chairman Stanley Fischer also kept his cards close to his chest allowing for some profit taking in the dollar. After a day of multiple speeches and remarks from Federal Reserve policy makers, volatility in the FX markets was not as high as one might have expected, but risk aversion in the equity markets set in once again. We are expecting further softness in European equities on the open today in conjunction with weaker commodity markets and heightened expectations of a rate hike from the Fed next month.

US data will remain a focus and we see the release of retail sales at 13.30 GMT which is expected to rise for the month of October and then there’s the Michigan Consumer Sentiment at 15.00 GMT. Better data on these releases could put further pressure on commodity prices as it will only add further weight to the possibility of the Fed moving in December and it would also put more pressure on equity markets which have seen a poor start to November, usually a bullish month by historical standards.

Publication source
FxPro information  FxPro reviews

December 2, 2016
It's not the jobs numbers
It’s not bee the economy that has been driving the dollar over the past 3 weeks, of that we can be pretty sure. Rather, it’s been expectations of tax cuts and spending increases, together with incentives for dollar repatriation under the new President...
December 2, 2016
OPEC alliance stuck a global agreement
The Oil prices jumped on Wednesday after the organisation members agreed to pare production first time since 2008, to reduce global oversupply, which made the prices collapse by half since mid-2014...
December 2, 2016
Rebound continues in UK construction
The latest data on the UK construction sector was released this morning, and will likely be seen as positive overall as the recovery from the Brexit shock appears to be persisting. Despite this the FTSE 100 is under pressure this morning...

Trade360 Rating
Tickmill Rating
FxPro Rating
HotForex Rating
FBS Rating
XTB Rating

Anyoption Rating
Grand Option Rating
Empire Option Rating
OptionBit Rating
Porter Finance Rating
OptionRally Rating