US Dollar Forecast – US Dollar Gains Despite Fed Reticence, Is a Risk Shift Afoot? The big day has come and gone. The Federal Open Market Committee (FOMC) voted 9-1 to keep the range for the benchmark interest rate between 0.00 and 0.25 percent. British Pound Forecast- GBP/USD Risks Larger Post-Fed Advance Amid Narrowing Race With BoE GBP/USD may continue to retrace the decline from the previous month as the Bank of ...
Citigroup made a forecast for Fed hike for today in technical and fundamental ways: "Citi’s baseline is for a 25bps hike, but there remains considerable scope for surprise, as well as hifting communication to play a role. Ultimately we think the decision boils down to how the FOMC sees market conditions, and whether the recent volatility could lead the FOMC to temporarily postpone hiking.""In our view we place a 25% chance of a hike, and 75% for no hike. Still, the risk/reward favors ...
US Dollar - "We are thus headed into another week of uncertainty for the US Dollar, S&P 500, and other key assets. It is worth noting that FX volatility expectations have fallen for the week ahead. Yet it’s likewise clear that a bumpy Sunday market open in China, Japan, and other key markets could change that in a hurry. A US holiday on Monday the 7th may make for relatively illiquid market conditions, and caution is advised on what could be another challenging week for FX traders." ...
- Canada Retail Sales to Contract for First Time Four Months. - Will a Slowdown in Private Consumption Fuel Bets for More BoC Easing? Trading the News: Canada Retail Sales A slowdown in Canada Retail Sales may spur a larger advance in USD/CAD as the Bank of Canada (BoC) adopts a more cautious outlook for the region. What’s Expected: Why Is This Event Important: ...
- Canada Consumer Price Index (CPI) to Slip Below 2% Target for First Time Since March 2014. - Core Inflation to Uptick to Annualized 2.3%- Highest Print for 2014. Trading the News: Canada Consumer Price Index (CPI) A slowdown in Canada’s Consumer Price Index (CPI) may spur fresh monthly highs in USD/CAD especially as the Bank of Canada (BoC) reverts back to its easing cycle. What’s Expected: ...
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