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On balance, the Fed’s communication was more dovish than expected, with a weaker tone on growth, but hints of a bit more concern on inflation...
Analytics & Forecasts
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Vasilii Apostolidi, 16 March 2016, 23:21 #FOMC
As expected the Fed held rates unchanged, but in a dovish twist is now predicting only two rate hikes in 2016 vs four back in December according to the median of the dot plots...
Analytics & Forecasts
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Vasilii Apostolidi, 16 March 2016, 22:40 #FOMC
As we head into yet another important FOMC statement, I wanted to bring up a currency pair that is somewhat sheltered from any Fed-induced volatility. I have mentioned AUDNZD several times since November of last year...
Analytics & Forecasts
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Francis Dogbe, 16 March 2016, 22:27
In our view, the March FOMC statement was more dovish than anticipated...
Analytics & Forecasts
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Vasilii Apostolidi, 16 March 2016, 21:48 #FOMC
Analysts at J P Morgan see the AUD/USD trough lows holding, and the tentative up-trend advancing, although upside progress will probably be slow...
Analytics & Forecasts
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Vasilii Apostolidi, 16 March 2016, 20:17
March FOMC: a press conference with Federal Reserve Chairwoman Janet Yellen - Thurs 3/16 - 2:30 PM ET The Federal Reserve System is the central banking system of the United States of America...
Analytics & Forecasts
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Vasilii Apostolidi, 16 March 2016, 19:39 #Fed
Rate hikes are coming, but the Fed is now closer to seeing eye to eye with markets in terms of how many, and how soon...
Analytics & Forecasts
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Vasilii Apostolidi, 16 March 2016, 19:23 #Fed
The house view at Goldman had traditionally been that the Dollar is a weak currency. That changed in April 2014, when we became Dollar bulls, estimating that the coming monetary policy normalization in the US could drive the Dollar around 15 percent stronger...
Analytics & Forecasts
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Vasilii Apostolidi, 16 March 2016, 19:12
Talk of the U.S falling into a recession has been growing, we look at the primary reasons stoking these fears. usdollar close Despite stocks near to revisiting all-time highs and an unemployment rate that is back down below 5...
Analytics & Forecasts
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Vasilii Apostolidi, 16 March 2016, 18:27
The Fed’s first rate hike relied on the theoretical link between strong employment and accelerating inflation, but now that prices seem to actually be heating up, policymakers can point to early signs of actual progress on the inflation front...
Analytics & Forecasts
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Vasilii Apostolidi, 16 March 2016, 16:10
Even if the markets do not consider it likely a rise in interest rates this month, the FOMC is still divided. The committee's vice-chairman, Stanley Fischer, would be in favor of a rise of 0.25%, while the Federal Reserve Governor Lael Brainard appeals to prudence...
Analytics & Forecasts
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Diego Bonifacio, 16 March 2016, 15:51
It seems that #investors do not want to take risks before the announcement of the Fed meeting results. They are expected to determine the further performance of #EURUSD. Meanwhile, we continue to hold a short position. Find out more by checking out the Source Link...
Markets are getting more and more nervous prior to today's Fed meeting results, which nobody can closely predict. Anyway, it is not bad for us to be out of the market in #USDJPY now, but we are ready to enter. Find out more by checking out the Source Link...
Two leading institutional researchers have told clients why they are not convinced strength in the NZ dollar will be sustainable in 2016...
Analytics & Forecasts
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Vasilii Apostolidi, 16 March 2016, 14:55
The outcome of the March Fed meeting is the main event on the day and should attract considerable attention. The USD-investors will be looking for more conclusive indications about the timing of the next rate hike as well as the likely ‘glide path’ from here...
Analytics & Forecasts
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Vasilii Apostolidi, 16 March 2016, 14:50 #FOMC
We expect the March meeting to break as follows: i) The dot plot. DB’s econ team expects the median dots to come down by 25bps for all of 2016, 2017, 2018 and the longer-run...
Analytics & Forecasts
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Vasilii Apostolidi, 16 March 2016, 14:14 #FOMC
The Canadian Dollar has recovered by almost 9.0% since bottoming in January, but has this purple patch reached an end? USD/CAD’s downside correction to 1.32 may be near its end according to J.P Morgan’s Daniel P Hui, who sees the pair recovering to 1.45 by the end of the second quarter...
Analytics & Forecasts
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Vasilii Apostolidi, 16 March 2016, 13:10
There was a break of the short-term uptrend support line, which brought another point in favor of bears in #GPBUSD. Earlier they have already benefited from the situation, triggering a rebound from the top of the medium-term descending channel. Find out more by checking out the Source Link...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 16 March 2016, 13:06 #Trading
The Federal Reserve will present its decision on monetary policy, its statement, updated forecasts and Yellen's presser Both Dollar and general risk trends will be exposed to the outcome of this important event While the Fed is the biggest event, there is also: NZ GDP, Aussie employment, an SNB r...
Analytics & Forecasts
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Gabriel D Arco, 16 March 2016, 13:06
According to the research team at UOB Group, the AUD dollar could struggle to gain further upside momentum. “While a retest of the 0.7445 overnight low will not be surprising, 0.7425 is expected to hold for recovery to 0.7495/00. Yesterday’s high near 0...
Analytics & Forecasts
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Vasilii Apostolidi, 16 March 2016, 13:05