The U.S. FOMC was not as hawkish as expected, leading to a weaker dollar. There were also movements reminiscent of intervention. Tomorrow, amidst thin trading ahead of the weekend, the U.S. employment statistics will be released.
Yesterday, the results of the highly anticipated U.S. FOMC meeting were announced. The policy interest rate was kept unchanged for the sixth consecutive time as expected. The statement added that there has been a lack of further progress towards the 2% target in recent months, which is somewhat hawkish. However, during Chairman Powell’s press conference, […]
Europe Observes Labor Day; Attention Turns to the U.S. FOMC
Today is May 1st, and many markets in European countries are closed for Labor Day (May Day). However, the London market is open, ensuring some liquidity. In London, the only significant event is the release of the final UK Manufacturing PMI (Purchasing Managers’ Index) for April. As we move into New York trading hours, […]
After the FOMC, What’s Next for the BOE – Any Changes in Inflation Outlook?
Yesterday, the highly anticipated FOMC meeting and Powell’s press conference took place. While the decision to keep rates unchanged was in line with market consensus, all eyes were on Chairman Powell’s hawkishness. His clear denial of any expectations for a March rate cut led to a surge in the dollar. However, the dollar initially saw […]
Amid anticipation of the upcoming US FOMC meeting and Chairman Powell’s press conference, today’s market is expected to be sluggish
Amid anticipation of the upcoming US FOMC meeting and Chairman Powell’s press conference, today’s market is expected to be sluggish. However, several employment-related indicators are scheduled for release, including the US ADP Employment Change (January) and the US Employment Cost Index (4th Quarter 2023). Additionally, the US Chicago Purchasing Managers’ Index (PMI) (January) and the […]
Will the Dovish Surprise Resurface in the FOMC Minutes?
Today’s focal point appears to be the FOMC minutes released in the early hours of December 14th, Japan time. This meeting previously resulted in a dovish surprise. While the policy interest rate was left unchanged as expected, the FOMC members’ interest rate projections (the dot plot) indicated three 25-basis-point rate cuts in 2024, which […]
Many U.S. financial officials are speaking today ahead of the weekend blackout.
Today, there are numerous events featuring speeches by US monetary authorities. This comes as we approach the “blackout period,” which begins on Saturday and lasts until the conclusion of the December 13th FOMC meeting. During this blackout period, Federal Reserve officials refrain from making public comments related to monetary policy. Market expectations for this FOMC […]
Today, on November 1st, the minutes from the November 1st meeting of the US FOMC will be released.
Today, on November 1st, the minutes from the November 1st meeting of the US FOMC will be released. The policy interest rate was kept in line with market expectations at 5.25-5.50%. The statement had conveyed a sense of pausing interest rate hikes. However, during Chairman Powell’s press conference, he maintained a hawkish tone, suggesting that […]
Waiting for US FOMC, no noticeable indicators in Europe
Today’s focus is on the outcome and statement of the FOMC meeting, as well as the press conference by Fed Chair Powell. The market is anticipating that the recent slowdown in the growth of US Consumer Price Index and Producer Price Index may halt further rate hikes in this FOMC meeting. However, it’s important to […]
US FOMC, ECB, Bank of Japan Monetary Policy Announcement next week
This week has seen a strengthening in USD, but the reasons behind its rally are questionable. There seems to be a correction in the market after a continuous 6-day USD decline until last week. Various factors are influencing the market sentiment. For USDJPY, BOJ Governor Kuroda’s reaffirmation of the easing stance cooled down the YCC […]
June FOMC Expected to Stay Unchanged, But Still Fluid Ahead of US Employment Data
Yesterday, market sentiment shifted towards a majority expectation of the June FOMC remaining unchanged. This change was in response to the support for holding off on rate hikes from a Jefferson Fed Board member and the President of the Philadelphia Federal Reserve, Harker. Prominent Fed watchers had also indicated a possibility of no rate hike. […]