FOMC Minutes Point To Further Cuts
FOMC Minutes Highlight Downside Risks USD saw heavy selling in reaction to the release of the September FOMC meeting minutes. Given that the Fed’s decision to reduce rates by a further 25 basis points saw three voting members dissenting, the risks of less-dovish minutes were elevated. However, although the Fed was split over the decision […]
Will The Fed Cut Rates In October?
October Rate Cut Risks The September FOMC meeting was a disappointing meeting for USD bears. The Fed reduced its headline rate by a further 25 basis points though USD downside was offset by news that three members dissented against the cut. Additionally, the dot plot forecasts failed to show a clear path forward. As such, […]
The IndeX Files 08-10-2019
Brexit & Trade Negotiations Driving Risk Sentiment Global benchmark indices have commenced the week’s trading with a mostly positive tone as attention shifts to the upcoming US – Sino trade negotiations. High-level officials from two leading global economies are due to meet in Washington on the 10th for the next round of negotiations. Over recent […]
RBNZ Holds Rates But Still Room For Further Easing
Rates Held At Record Lows With the RBNZ having unexpectedly cut rates by .50% at its last meeting, there was a lingering sense of caution coming into yesterday’s meeting. While the bank was not expected to cut rates again, there was certainly the sense that the market was not looking to be caught off guard […]
Weekly Market Outlook 16-09-19
In this Weekly Market Outlook 16-09-19, our analyst looks into the trading week ahead, possible market moving data releases across the globe and the technical analysis to accompany it! Please note that this material is provided for informational purposes only and should not be considered as investment advice. The views discussed in the above video […]
Key Factors to Watch in AUD Crosses
We’ve had some important developments in the fundamental backdrop for AUD recently that are worth discussing. These developments are particularly evident in the price action of AUDNZD and AUDJPY. Rate Movements Driving AUDNZD So, looking at AUDNZD we’ve seen a large move higher recently in the wake of the RBNZ unexpectedly cutting rate by .5% […]
RBA Governor Says Further Rate Cuts Likely
In his semi-annual testimony before Australian parliament yesterday, RBA governor Lowe told law-makers that he stands ready to reduce interest rates further if necessary. However, Lowe tempered his message saying that the Australian economy is likely through the worst of the slowdown. Lowe’s comments came as the bank released its quarterly statement on monetary policy […]
NZD Rocked By Surprise .50% RBNZ Rate Cut!
Perhaps the recent USD experience in reaction to the Fed’s latest rate cut was a learning curve for the RBNZ. At its August meeting held overnight, the bank was widely expected to cut rates, with a .25% cut priced in. However, the RBNZ took markets by surprise as it announced a .50% rate cut, sending […]