How the Fed’s outlook could be worrisome for markets
There’s a deeper hawkish tilt to the Federal Reserve’s outlook for interest rates that could be worrisome for markets. Federal Reserve officials, in their first meeting chaired by Jerome Powell, raised their median forecast for the funds rate for 2019...
Yen Steals the Show on Trade War Worries, Sterling Reversed after Brief BoE Spike
Sterling attempts to rally after BoE rate decisions but failed to sustain gain. On the other hand, Yen is quietly stealing the show on risk aversion. Investors are worried that the world is finally entering into the phase of trade...
BOE Voted 7-2 to Leave Bank Rate Unchanged at 0.50%
BOE voted 7-2 to leave the Bank rate at 0.50%. The members voted unanimously to leave to asset purchase program unchanged at 435B pound. The members were generally positive over the economic outlook, noting that “recent data releases are broadly...
CFETS ramps up its tech partnership with NEX
China Foreign Exchange Trade System (CFETS) is a sub-institution directly affiliated to the People’s Bank of China. Under the strategic objective of becoming the leading global trading platform and pricing centre for renminbi and related products, it provides a series...
Dollar Broadly Pressured after FOMC, Sterling Strong ahead of BoE
Dollar stays broadly pressured today as post FOMC selloff extends. While Fed delivered the widely anticipated rate hike, it maintained the forecast of a total of three hikes in 2018 only, not four. Aussie is the only failing to join...