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Focus On FOMC

cosma Posted 30 Oct.  in #Fx #Fomc #Fed
FX markets were steady ahead of key event risk in the North American session today with most majors slightly up against the dollar as traders prepared for the FOMC decision at 16:00 GMT.
In Asia, the Australia CPI data came inline at 0.5% vs. 0.5% eyed having very little impact on Aussie as the inflation news essentially confirmed a steady as she goes monetary policy by the RBA which is seen to be on pause for now at least until December. The Aussie held firm rising to .6875 in European dealing.…
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UDDollar >> Not Impressed by Fed Minutes

cosma Posted 18 Aug.  in #USD #Forex #Fomc #Fed
Dear Community;U.S. dollar traders were not impressed by the July Federal Reserve meeting minutes. The greenback ended the day slightly lower than were it was before the minutes were released and unchanged for the day against all four of the major currencies - the euro, British pound, Japanese Yen and Canadian dollar. The FOMC minutes showed policymakers split on how soon a rate hike was needed. Some members backed a July hike but others wanted to see more data on the economy and inflation. They…
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Janet Yellen Admits Negative Rates Are Not Off The Table

cosma Posted 16 Feb.  in #Fed #Yallen
Morning Users;
markets are now excluding a Fed rate hike for March as inflation is clearly not picking up despite low unemployment rates. 2015 CPI is stalling at 0.7% y/y, far away from the Fed's target of 2%. A rate hike in April seems also very unlikely with a likelihood of 2%. The dollar has sharply weakened as a result of those expectations. Fed's Chairwoman Janet Yellen has spoken last week in front of the congress to deliver the Fed's semi-annual Monetary Policy Report.
Janet Yellen had be…
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cosma 16 Feb.

Follow #FxCox™ at #NY #Traders #Expo #forex #trading #markets #currency #invest

https://twitter.com/FxCox/status/699474003669471233

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Focus On Fomc meeting.

cosma Posted 27 Jan.  in #Fed #Fomc Forex #Meeting USA
Morning Users;
currency markets (Fx) remained in a state of suspended animation awaiting the press release from today's FOMC meeting due at 1900GMT but in the meantime weaker guidance from Apple and a drop in crude weighed on risk sentiment lifting euro to session highs at 1.0880 while commodity dollars yo-yoed up and down in morning European dealing.
Aussie was the one exception to the rule as the unit remained bid all night long after slightly hotter than expected CPU figures pushed it towards…
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Dollar weaker ahead of Fed meeting

cosma Posted 14 Dec.  in #Dollar #Forex #Fed
Users,
the dollar weakened on Friday despite positive Retail Sales and Producer Price Index releases. While the Fed is still expected to raise interest rates on Wednesday, lift-off in policy normalisation may be largely priced in, and as such attention will primarily be on the Fed’s accompanying press conference and updated economic outlook.
The dollar has weakened recently as further drops in oil weigh on inflation expectations, increasing speculation that the Fed will place even greater emphas…
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Markets waiting Fed

cosma Posted 24 Feb.  in #Fed
Evening All;The dollar continued to power through gaining against it major trading partners ahead of the key testimony by Fed Chair Janet Yellen in front of US congress later today. Ms. Janet is set to brief the Senate and the House in a two day semi -annual Humphrey Hawkins testimony with markets hanging on her every word as they look for any clue as to the timetable for normalization of rates.In her prior comments Ms. Yellen established an informal metric that the word "patient" would mean at …
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