September 12, 2016

September 12
2016

Will FOMC Raise Interest Rate in September 2016?

Contents 1 Market sentiment 2 Speeches 3 Economic data 3.1 Employment 3.2 Inflation 3.3 GDP 4 My opinion 5 Poll Both June and July meetings have been disappointments to dollar bulls. The FOMC played its wait-and-see game. It was, of course, expected by the savvy market observers. The real question now is whether we see a higher interest rate in the USA by the end of the year? Market sentiment […]

September 12
2016

Canadian Dollar Bounces After Earlier Losses

The Canadian dollar was moving lower against its major counterparts during the Monday’s trading session but has rebounded against the US dollar and the euro as of now and trimmed its losses versus the Japanese yen. Crude oil was falling during the session as prospects for an interest rate hike from the Federal Reserve and the bearish report from the Organization of Petroleum Exporting Countries were pushing prices lower. But crude’s movement changed […]

September 12
2016

Dollar Goes Lower After Brainard Speaks

The US dollar was weak across the board after the speech from Governor Lael Brainard as well as speeches of the members of the Federal Reserve. While there were hopes that Brainard would become more hawkish, today’s speech suggested that she remained in the dovish camp as the Governor warned about necessity of caution in raising interest rates. She said: This asymmetry in risk management in today’s new normal counsels prudence in the removal […]

September 12
2016

Great Britain Pound: Factors to Watch During Week

There is a busy week ahead for the Great Britain pound. There will be plenty of economic releases from the United Kingdom, but the most important event should the monetary policy meeting conducted by the Bank of England. The meeting is scheduled for Thursday (September 15). Considering that the central bank has expanded its stimulus program to unprecedented levels in August, it is highly unlikely for the policy to be changed again so […]

September 12
2016

Greenback Trades Mixed Ahead of Brainard Speech

Later today, Lael Brainard, one of the policymakers at the Federal Reserve, is expected to make remarks. As a result of speculation over what he might say, the US dollar is trading mixed today. Greenback is mixed against its major counterparts today, thanks in large part to traders who are in wait and see mode. Federal Reserve policymaker Lael Brainard is expected to make a speech today, just before the blackout […]

September 12
2016

UK Pound Hangs on to Recent Gains

UK pound is holding on to recent gains, hoping to see a better performance going forward. However, there are factors that could lead to more weakness. For now, though, the sterling seems to be weathering the Brexit reasonably well. Sterling is hanging on to its recent gains. Last week’s decent industry survey data from the United Kingdom helped push the pound a little bit higher, although it still struggles. The next […]

September 12
2016

Yen Strong Against Rivals During Monday’s Trading

The Japanese yen was strong across the board today following the release of economic indicators from Japan. Japan’s core machinery orders rose 4.9% in July (month-on-month) instead of falling as analysts had predicted. The Producer Price Index dropped 3.6% in August from the previous month — a bit more than was promised by experts (3.5%) but less than in July (3.9%). The Bank of Japan will conduct a policy meeting next week, […]

September 12
2016

Australian Dollar Falls with Global Stocks & Bonds

The Australian dollar fell today following the drop of global stocks and bonds. The reason for that were speculations about a potential interest rate hike from the Federal Reserve in the near future. Stocks across the world demonstrated substantial losses during the Monday’s European session. Traders were selling off riskier assets amid rising talks about monetary tightening from the Fed. Several Fed members will be speaking today, and markets […]

Day: September 12, 2016