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Markets remain cautious in front of the FOMC decision
Market Overview It is the day that the Federal Reserve announces its latest monetary policy update. At 1800GMT (remember the US clocks have not gone back yet) the Fed will put out a statement that will...
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Dollar strength on hawkish hints from the Fed
Market Overview In the wake of the September FOMC meeting, the market had settled fairly well on the fact that the Fed would be unlikely to hike rates in 2015. However a hawkish steer in yesterday’s...
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US dollar correcting again as the BoJ stands pat
Market Overview Despite a cautious close from Wall Street last night, and mixed trading in Asia early today, sentiment is mixed to positive as the European session take over. Whether this will last,...
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China PMI still below 50 puts risk appetite under pressure
Market Overview Kicking off a week jam packed with a whole raft of crucial data releases, in keeping with recent months, China has driven concern into the minds of traders once more. The official...
View ArticleEconomic data will be crucial this week
As we move into the first week of the new month, the economic data releases that will be announced will be seen as even more important than normal. In the wake of last week’s meeting of the Federal...
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Aussie higher against the dollar as the RBA keeps rates on hold
Market Overview There has been a continuation of a slightly dollar corrective theme that we have seen over the past few days. The main mover has though been the Aussie in the wake of the monetary...
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Trading Notes – Why the Payrolls report needs to be strong
KEY DRIVERS US economic data dominates trading decisions this week. With focus intensifying on economic performance in the wake of the FOMC meeting last week, every key data release will be poured over...
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Sentiment is positive as China services PMI supports
Market Overview Market sentiment is positive still and this is allowing equity markets higher. The interesting factor is that as US Treasury yields continue to move higher (ever since the FOMC meeting...
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Dollar strengthens as Yellen hints at a “live” December FOMC
Market Overview The potential for a December rate hike by the Federal Reserve was ramped up yesterday after comments from Janet Yellen to House Financial Services committee which strengthened the...
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Why are traders braced for a crucial Non-farm Payrolls?
Market Overview This could be a massive Non-farm Payrolls Friday for the market. The hints from Janet Yellen and the FOMC is that December is ery much on the table for a rate hike and today’s payrolls...
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Dampened trading likely to continue on Black Friday
Market Overview With the US closed for Thanksgiving public holiday, global markets have been struggling for direction. Daily trading ranges have been very tight on key markets such as EUR/USD (just 34...
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All eyes on ISM data after dollar bulls begin to waver
Market Overview There was an interesting move against the dollar yesterday afternoon in the wake of a rather concerning number from the Chicago PMI. The regional survey data came in well below...
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Trading Notes – Is the ECB set to under-deliver?
KEY DRIVERS With the markets seeming to firmly price in a rate hike by the Fed on 16th December this week’s Non-farm Payrolls report will need to be disastrous for the markets to have a serious wobble,...
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Weak ISM data fails to derail the dollar bulls
Market Overview In the normal course of events, an ISM Manufacturing data slide into contraction territory below 50 would cause the markets to have something of a wobble. However Wall Street closed...
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Should you buy the euro ahead of the ECB meeting?
Tomorrow the European Central Bank announces its monetary policy conclusions from the final meeting of the Governing Council of 2015. The market is anticipating that ECB President Mario Draghi will...
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Expect more volatility with Non-farm Payrolls
Market Overview So can the dollar bulls pick themselves up, dust themselves off and go again? Yesterday’s underwhelming easing actions by the Fed, in conjunction with the weaker than expected ISM...
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Will the dollar strength resume after today’s Non-farm Payrolls?
Realistically, today’s Employment Situation report will be the final piece in the jigsaw that will fulfill expectations of a rate hike by the Federal Reserve on 16th December. Janet Yellen painted a...
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Trading Notes: In preparation for the FOMC rates decision
KEY DRIVERS The markets are in preparation for the FOMC rates decision which is now upon us and surely the Fed will not disappoint markets again. Surely the Fed will hike rates this time around. The...
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Market sentiment upbeat ahead of an historic FOMC decision
Market Overview We are finally at the day the Federal Reserve decides to hike interest rates by 25 basis points and makes a positive move on monetary policy for the first time since 2006. Or at least...
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The FOMC raises rates by 25bps
The FOMC has just raised rates for the first time in 9 years. The Fed Funds target range has been raised by 25 basis points to 0.25% to 0.5%. The move is seen as a “dovish hike”, if such a thing is...
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