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Powell said it- Not considering 75bps rate hike! Do markets believe him?
Based on today’s price action so far, it doesn’t seem like the markets are taking Powell seriously.
Ahead of the Fed: S&P 500 Index
The result of today’s FOMC meeting has potential for volatility in the S&P 500 index.
European Open: USD/JPY hugs 130 like an old friend it's about to leave
USD/JPY has been trading in a 20-pip range around 130 over the past 12 or so hours - a level we don’t expect to see it anywhere near this time tomorrow.
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FOMC meeting preview: 50bps a “done deal” but balance sheet update will be key
Of course, with a 50bps move already fully discounted, the Fed’s interest rate decision is unlikely to be a market mover by itself...see what traders will be focused on instead!
Forex Friday: Dollar Bulls, Pound Bears Exhausted
In this week’s edition, we discuss the dollar and its impressive rally, and ponder over the pounded pound
SP500 - a dead cat bounce or a stronger recovery Part II?
This morning, the Federal Reserve followed the lead of the ECB last week to deliver a hawkish surprise. The Feds dot plots showed the median dot in 2022 rose to 1.875%, consistent with another six rate hikes in 2022, in line with market expectations.
FOMC hikes rates 25bps as expected, but statement says more hikes to come!
The FOMC has a plan to raise rates steadily over the course of the year and run off the balance sheet.
US open: Stocks rise as Russia's stance softens, Fed in focus
US stocks are pointing to a strong open as hope of a truce in Ukraine grow, as Beijing pledges more support to the economy and ahead of the Fed rate decision.
Two trades to watch: EUR/USD, Oil
EUR/USD rises towards 1.10 ahead of the Fed rate decision. WTI crude oil rises after 11% declines in 2 days.
European Open: Sentiment gets another spring in its step ahead of FOMC
Equity markets were higher overnight as ongoing peace talks provided glimmers of hope the war could wind down.
The dollar rallies ahead of the FOMC meeting (but will it after?)
The US dollar index sits just below a 22-month high ahead of FOMC meeting, the outcome of which could be the fine line between an extended rally or reversal tomorrow.
FOMC meeting preview: 25bps pencilled in, but balance sheet and dot plot updates key
It seems unlikely that Jerome Powell and Company will rock the boat dramatically this week, but the US dollar could still gain ground - see why!
FOMC meeting recap: Flexible statement but hawkish Powell has risk appetite reeling
Fed Chairman Powell used the press conference to refine the central bank’s message, striking a much more hawkish note than the more tepid monetary policy statement... and sending risk assets reeling.
FOMC meeting preview: Is there still a “Fed put”?
Traders expect this week’s Fed meeting to be the proverbial “calm before the storm” of aggressive Fed tightening throughout the rest of the year - see what the possibilities are!
Asian Open: Inflation now deemed to be ‘entrenched’, not transitory
The Fed are now on track to complete tapering by March and potentially hike three times in 2022, irrespective of whether maximum employment has been achieved.
FOMC increases tapering, sees 3 rate hikes in 2022 AND 2023
FOMC members expect inflation for 2021 to be 5.3%, 2.6% for 2022, and 2.3% for 2023
Diamonds at NASDAQ 100 highs
Nervousness ahead of the Fed and profit taking heading into year-end appear to be taking a toll on stock indices.
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Fed Recap: Taper time
It is time begin tapering the extraordinary money stimulus bond buying of $120 billion bonds per month.
European Open: Volatility Subsides Ahead of Today’s FOMC Meeting
The Fed’s policy decision will be announced at 18:00 GMT, where anything less than an announcement to taper will be seen as a disappointment.
USD/NOK getting knocked around
There are many variables in play this week which already have USD/NOK up 1.5% this week.
Index in Focus: SPX 500
The FOMC is expected to announce that they will begin tapering their quantitative easing program. What does that means for the S&P 500?
FOMC Preview: It’s time to taper
Assuming the FOMC decides to taper, the focus will be on the pace of the taper.
Reinterpreting NFP: Does slowing job growth argue for an immediate taper?
This alternative interpretation of the state of the US labor market augurs for almost polar opposite policies from the Federal Reserve and Congress...