15/ 12/ 2016

Dollar strengthens after Fed rate hike

The U.S. dollar hit its highest level against a basket of major currencies in nearly 14 years on Wednesday after the Federal Reserve raised interest rates for the first time this year and signaled a faster pace of increases in 2017.

With various economic reports coming out today, it will be interesting to see how the markets react to Fed rate hike. The highlight of the day will be BOE meeting regarding its monetary policy Interest Rate decision. The minutes of the meeting will be released soon after and that is expected to cause a major shift in the market. 

14/ 12/ 2016

Final Fed Show for the year

The highlight of today is the Federal's reserve final monetary policy meeting, followed by a statement to be released during the FOMC press conference. The statement may influence the volatility of USD and determine a short-term positive or negative trend.

It will also include FOMC's projection for inflation and economic growth over the next 2 years and, more importantly, a breakdown of individual FOMC member's interest rate forecasts.

13/ 12/ 2016

Today’s all about inflation

Today’s all about inflation, with consumer price index reports coming out from Germany and UK, and housing pricing index report from Australia. Each of them expected to reflect on how the economy is doing with respect to purchasing power and disposable income.

Although this may reflect with low volatility on the respective currencies, small shifts are expected in the market. Especially, considering that the final US’s monetary policy comes out tomorrow.

12/ 12/ 2016

Week Ahead | Dollar nears highs as investors await Fed this week

This week's FOMC meeting is the last big event of the year.  The dollar may continue to be well supported ahead of the meeting where a rate hike is fully discounted.

On Thursday, the Bank of England will release The Monetary Policy Summary on Thursday, December 15.