Last FOMC minutes before hike?

18 November, 2015

Market expectations for the Fed to commence its rate tightening cycle next month are around 66% now and although this does not mean it’s certain that they will move on 16th December the feeling is that the chances are far higher than they were in the run up to the September meeting. The dollar has been on the bid since the middle of October benefiting most from weakness in the euro which is hovering some 200 pips above its April lows, where a break below 1.0460 would see levels not seen for over twelve years. What is now a very crowded trade if we see a break below here then we can expect heightened calls for parity on EURUSD.

The FOMC minutes to be released at 19.00 GMT are the highlight of today’s session. Remember that the October meeting took place before the impressive nonfarm payroll release earlier this month, so the focus will be more on the Fed’s discussion around the global economy and the risks that they have previously been looking closely at, namely China. Investors will also be very keen to hear if there is any more detail as to the likely path and timing of rate hikes beyond the first one should it come next month, as this will determine the strength of any subsequent leg higher in the dollar.


Source link  
Why U.S. markets are under pressure

Global markets are on the rise on Wednesday, adding more than 1.2% on the MSCI Asia ex Japan index. Japanese Nikkei jumped by 2%. Chinese...

Dow recovers after 500 points decline

Stocks closed higher Monday as major indexes bounced back from earlier losses as renewed confidence in the strength of the U.S. economy offset lingering...

Pound rallied, stocks declined

The U.K. main stock index closed lower Thursday, weighed down by weakness for resource stocks and banks and a strong pound as the outline of a key agreement...


Oil slips as U.S. inventories swelled

Oil prices slipped on Thursday after U.S. crude inventories swelled to their highest level since December 2017 amid concerns of an emerging global glut, although...

Crude's Collapse Is Sending Shockwaves

Investors have gone from contemplating the prospect of oil at $100 to sub-$50 in less than two months. No wonder global markets are playing catch-up....

Dollar growth pushed down stock indices

Monday was a hard day for the financial markets. American DJI lost more than 2.3% and S&P500 decreased by 2.0%. As in previous weeks, the main pressure...


U.S. stocks recover after elections

Preliminary estimates of the U.S. election results support a positive mood on the world markets, reducing the demand for protective assets and causing...

Cautious mood has returned to stocks

American markets ended trading on Wednesday with a slight increase. Asian bourses also experienced growth at the opening, but it was quickly...

Emerging markets rebound seems over

Asian markets have turned to a decline with a renewed force. After the rebound of last week, the index MSCI Asia ex Japan loses 1.2% and is only...


In the past 24 hours Bitcoin has lost -3.08% and reached $3311.11274676. Open your trading account with the best cryptocurrency brokers on special terms today.

In the past 7 days the EUR/USD pair has lost -0.0395% and is now at $1.1371. Start trading and making money on Forex today.

In the past 7 days Ethereum has gained 0.13% and is now at $86.5713793666. Have the most popular cryptocurrencies compared online 24/7.


Top Brokers offering Daily Forex Market Reviews


Forex Currencies Forecasts


Top 10 Forex Brokers 2018

# Broker Review
1easyMarketseasyMarkets92%
2FXTMFXTM88%
3HYCMHYCM87%
4Alfa-ForexAlfa-Forex86%
5FxProFxPro85%
6FIBO GroupFIBO Group84%
7OctaFXOctaFX83%
8HotForexHotForex82%
9AvaTradeAvaTrade80%
10FXCMFXCM78%
  


Share: