US Dollar rally may see a short-term pullback on the FOMC announcement. Base case scenario (50 bps hike) could lead to a pause in the USD’s rally. Daily price is on strong primary bullish trend: the price is testing 103.94 resistance level to above for the bullish trend to be continuing. Alternatively, the price will be on secondary ranging within 101.34/103.94 support/resistance level waiting for the direction of the strong bullish trend ...
The Bureau of Economic Analysis decreased December quarter’s GDP growth estimate from 2.6% to 2.2%. The GDP’s growth rate has now declined 200 basis points from 4.2% in the June quarter. more...
While the market focused on the possibility that the Fed may be near the end of rate hikes, Fed Chairman Powell made a more important point when he highlighted the risks that corporate indebtedness pose to the U.S. economy. Stocks surged after Federal Reserve Chairman Jerome Powell delivered a speech to the Economic Club of New York on November 28, 2018, where he introduced the Fed’s Financial Stability Report, inspired by and modeled after ...
The unemployment rate and average hourly earnings are the key metrics to watch. It is likely that the underemployment rate could fall to 7.1% and this could push the dollar index higher triggering a sell-off for emerging markets. In simple words, at 185K the expectations for the U.S. NFP number are sky high. Speculators are even hoping for a number above 200K. But, the two most important numbers that traders will be looking at are the average ...
The market went through an adjustment period, with average returns falling from 14 percent before the rate hike to 2.6 percent 250 days afterward. By 500 days, returns returned to their pre-hike average of around 14 percent. Chair Yellen announced that, for the first time in seven years, easy money will become slightly less easy. The target rate will be set at between 0.25 and 0.50 percent, which doesn’t sound like much, but it’s important. ...
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