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DXY on the backfoot as markets step away from the dollar post Fed cut. News also sent futures on the S&P 500 Index to fall about 5%. Bears can targe a 50% retracement on the March rally. The US dollar is lower across the board following a move by the Federal Reserve to not only…
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Economists at Deutsche Bank have changed their forecast and are now expecting more rate cuts from the Fed at its next meeting. Meanwhile, the US dollar is showing off its safe-haven status. Key quotes “Our Fed call has changed and we now expect 100bps of cuts at the next meeting, bringing the fed funds rate…
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Additional headlines are crossing the wires from the Dallas Fed President Robert Kaplan, as he says that its too soon to judge what the Fed will do at the March meeting. Further comments A week is an eternity in this situation. Will be watching the path of diagnosed cases, will factor that into march meeting decision. This…
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“The Fed is going to cut rates again. Maybe at the March meeting”, Jeffrey Gundlach, Wall Street’s bond king and Founder and Chief Executive Officer of DoubleLine Capital, said in a CNBC interview on Thursday. Further comments: The Fed was justified in emergency rate cut The US dollar is going to get weaker Sees 10-year…
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According to UOB Group’s Senior Economist Alvin Liew and Rates Strategist Victor Yong, the Federal Reserve could reduce further its FFTR at the next meeting on March 17-18. Key Quotes “Post-G7 finance ministers & central bankers’ tele-conference on Tuesday (3 Mar), the US Federal Reserve Chair Jerome Powell “walked the talk” of using all appropriate…
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Wha you need to know on Wednesday 4th: Responding to the stock market route as a consequence of the coronavirus fear which has sent US benchmarks into official correction territories, the Federal Reserve, despite their dual mandate which does not include Wall Street’s stocks, responded in kind with an emergency 50 basis point rate cut and left…
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According to the economists at Goldman Sachs, the US Federal Reserve (Fed) could likely cut interest rates aggressively before its March 17-18 monetary policy meeting. This comes after Fed Chair Jerome Powell on Friday, in an unscheduled statement, the Fed is “closely monitoring” developments and “will use [its] tools and act as appropriate to support…
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The Federal Reserve will hold an open meeting on Volcker Rule on 30th January. The Volcker rule is a federal regulation that generally prohibits banks from conducting certain investment activities. The Fed is to hold an open meeting on Volcker Rule on 30th January. The Volcker Rule is a federal regulation that generally prohibits banks from conducting…
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Both the Federal Reserve and the European Central Bank announce their decisions, and they are unlikely to rock the boat. Here is their view, courtesy of eFXdata: ANZ Research discusses its expectations for this week’s FOMC and DEC December policy meetings. “We expect no change to FOMC policy or rhetoric. Chair Powell is likely to…
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USD/INR registers three-day losing streak. The USD bounces off ahead of the FOMC, trade war fears prevail. Fed is widely anticipated to stand pat, rate outlook for 2020, Powell’s speech in focus. With the USD/INR pair sellers catching a breath around five weeks’ low, the quote seesaws near 70.84 amid initial Indian market trading on…
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At the start of the key week including monetary policy report from the United States (US) Federal Reserve (Fed), Danske Bank came out with its research report. The bank terms the present Fed policies appropriate while anticipating the next rate cut in the autumn of 2020. Key quotes Following three cuts in a row, we…