Analytics

Forex News

Forex

Fed: An eternity between now and July – RBC CM Sandeep Kanihama

09:23 23 May /2016 Forex

Research Team at RBC Capital Markets, suggests that while recent Fed rhetoric and a surprisingly hawkish set of Minutes for the April meeting have certainly forced implied rate hike probabilities higher throughout the 2016 horizon, we still think it is nearly impossible for the committee to raise rates in June.

Key Quotes

“Additionally, we think a lot of things have to align in order for the Fed to justify a lift at the July confab. September is still complicated by Money Market reform and November (the meeting is on the 2nd) falls right on top of the US Presidential Election. So despite events of recent days, our core view is that the most likely timing for the next hike is December. That being said, we also acknowledge that many committee members seem to now view July as an attractive candidate for raising rates.”

to other news

all news
Dollar factors: Fed in focus - Westpac Ross J Burland

Analysts at Westpac explained the US dollar factors in respect to its peers in the FX space and the Fed.Key Quotes:"As recently as 8 February, market pricing for the Fed to raise the funds rate by 25bp to 0.75-1.00% on 15 March was around 20%. After Fed chair Janet Yellen’s semi-ann

04:23 20 February /2017 Forex

USD/CNY fix projections: 6.8817 - Nomura

Analysts at Nomura offered their USD/CNY fix projects for today.Key Quotes:"Our model1 projects the fix to be 361 pips higher than the previous fix (6.8817 from 6.8456) and 108 pips higher than the previous official spot USD/CNY close of 6.8709. The basket implied change is 132 pips

04:00 20 February /2017 Forex

EUR/USD: RSI and MACDs are consistent with losses - BBH

Analysts at Brown Brothers Harriman explained that the euro peaked on February 2 near $1.0830 and trended lower through February 15 when it reached almost $1.0520.  Key Quotes:"It reversed higher and reached nearly $1.0680 the following day.""This is five hundredths of a penny beyon

03:46 20 February /2017 Forex