Likely to emphasize it is still determined to reach the terminal rate projected in the dot plot – TDS
On Wednesday, the Federal Reserve will announce its decision on monetary policy with a 25 basis points hike already priced in. Analysts at TD Securities point out that the tone of the FOMC regarding growth and inflation and the guidance on future potential hikes could be what moves markets. Key quotes: “We expect the FOMC […]
Scope for a move back to the 1.06 area into the spring – Rabobank
Economists at Rabobank discuss their forecasts for the EUR/USD pair for the coming moths. Market has now built substantial EUR longs “The market has now built substantial EUR longs meaning that the single currency will become increasing sensitive to the realisation that headwinds to Eurozone growth remain, albeit at a far more reduced level than […]
NZD/USD faces some consolidation near term – UOB
According to Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group, NZD/USD could navigate within 0.6400 and 0.6535 in the next few weeks. Key Quotes 24-hour view: “We held the view that NZD ‘is likely to trade sideways within a range of 0.6465/0.6510’ yesterday. Our view of sideways trading was […]
Super-Apps: Are Banks at Risk?
Super-apps empower users to new heights as they allow them to conveniently perform a plethora of tasks in one single app on their phone including payments and investing, so could banks’ concerns regarding fintechs and neobanks have been misguided? AloGatewayis a Global payment processing service and solutions provider able to cater to a multitude of […]
Market Update – January 30 – Mega Central banks, OPEC, NFP & Earnings week
Trading Leveraged Products is risky China Stock market returns from Luna New Year break. Chinese stocks rose while most other Asian equities fell as investors looked to interest rate decisions scheduled this week in the US, UK and Europe and busy earnings agenda. Nikkei ended at a more than 1-month high today. Global Stocks excluding […]
Upside bias alleviated below 0.7040 – UOB
According to UOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia, AUD/USD could see its upside momentum mitigated on a breach of 0.7040. Key Quotes 24-hour view: “We highlighted last Friday that ‘upward pressure has eased and AUD is unlikely to advance much further’ and we expected AUD to ‘trade in […]
EUR/GBP likely to benefit from a dovish BoE statement – Danske Bank
Next Thursday, the Bank of England will announce its decision on monetary policy. Analysts at Danske Bank expected the central bank to hike the Bank Rate by 50 basis points. They see the cycle ending in March with a 25 bps hike. They argue that next week the dovish communication from the BoE should send […]
Room for the South African Rand to play catch up with ongoing rally in EM FX – MUFG
Analysts at MUFG Bank see the USD/ZAR moving to the downside over the next days. They point out the South African Rand has failed to strengthen alongside other Emerging Market currencies on the back of building optimism over a dovish Federal Reserve policy pivot and China’s economy reopening more fully this year. Key quotes: “The […]
Increasingly likely that it will slow down next week – Rabobank
Next Wednesday, the FOMC will announce its decision on monetary policy. Analysts at Rabobank point out it has become increasingly likely that the Fed will slow down its hiking cycle to 25 bps. Decline in inflation has increased the probability of smaller hikes “The next meeting of the FOMC, on January 31 and February 1, […]
Still room to rise toward the 1.0500 area – MUFG
The EUR/CHF pair has climbed back above parity over the past week after bouncing off support for the 200-day moving average at around 0.9930, explained analysts at MUFG Bank. They see that price action supports their view that there is still room for the cross to rise back towards the levels that were in place […]