FOMC Minutes release failed to surprise the markets

January 6, 2017

The rally of the American currency fizzles out, as FOMC Minutes release failed to surprise the markets. In the December´s speech Yellen emphasized the importance for the FED to keep pace with possible economic expansions during Trumps presidency. This has already priced in, as the absence of a new growth catalysts may be a signal that the rally is over:

Markets are turning from the overall optimism to the harsh truth of the fundamental indicators and actual shifts in the economy. Employment data this week may be the first of many reports to sober up the investors.

Forex majors
The European currency trades with minor advances while Pound managed to recover thanks to the weakness of the Dollar. The Japanese Yen and Swiss Franc trimmed down some recent declines trading with moderate gains against the US Dollar. Australian Dollar has flatlined.

Crude futures renew advances following the weakness of the American currency, as the growth remains limited with the traders exercising caution to avoid sudden shocks that might come from the countries that didn’t join OPECs accord and keep ramping up the production.

The safe heaven metal is on the growth track, as some investors return to the safety play. Bullion gained 0.73% trading at $1,173 per troy ounce.

Emerging Markets
The Russian currency breaks the 60 Rouble per Dollar level, first time since July 2015. Investors consider Rouble to be undervalued due to the Oil gains and high investment appeals, as the Russian Central Bank still keeps interest rates high, allowing investors to exercise carry trading.

Publication source
Tickmill information  Tickmill reviews

January 18, 2017
Stock markets continued to stabilise
German HICP confirmed at 1.7% y/y, as expected, with prices up 1.0% m/m. The sharp acceleration from just 0.7% y/y in November was mainly due to base effects from lower energy prices and the breakdown showed that prices for heating oil jumped 21.9% y/y in December...
January 18, 2017
Pound Sterling soars on PM May's Brexit speech
The British pound posted strong gains yesterday with the Prime Minister Theresa May outlining her vision for Brexit and the parliamentary approval of the Brexit deal...
January 18, 2017
Sterling remains in the spotlight
The Sterling/Dollar exploded into extreme gains on Tuesday with prices clipping above 1.2400 after Prime Minister Theresa May’s optimistic Brexit speech signaled that the United Kingdom was seeking a deal which would satisfy both parties...

OANDA Rating
Fort Financial Services Rating
HotForex Rating
FIBO Group Rating
Tickmill Rating

Binary Brokerz Rating
Empire Option Rating
24option Rating
TropicalTrade Rating
365BinaryOption Rating
Anyoption Rating