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Analyst: FOMC may think that interest rates are already restrictCoin World reported that analysts expect the Federal Reserve will continue to raise interest rates by 25 basis points to 5.25%, which marks the terminal interest rate of this round of tightening cycle. Signs of softer economic data and tighter credit could prompt the FOMC to reach a consensus that rates are already restrictive enough to signal an inclination to pause rate hikes at its next meeting. But with inflation stubbornly high, Fed Chairman Jerome Powell will no longer assure markets that a pause in rate hikes is a certainty or that a rate cut is imminent
FWB:FOMC
by babs3mo
What to expect from FOMC minutes The upcoming US-China trade talks are in market focus now, with the two countries continue to flex muscles. In the latest move, Washington imposed visa restrictions on Chinese officials accused of involvement in repression of Muslim populations. In turn, Beijing said the US was using the excuse of human rights to interfere in the China’s internal affairs. As such, the uncertainty ahead of negotiations remains high, which unnerves investors. Meanwhile, markets shift focus to the FOMC meeting minutes due later today. As a reminder, the Federal Reserve delivered a so-called hawkish rate cut in September, Investors assessed this step as a sign that it might be done cutting rates. However, considering the latest developments in economy and trade, the central bank could express a more dovish tone and hint at further cuts, as Powell did yesterday. In such scenario, the greenback may turn even lower but the potential downside pressure will be limited as the greenback derives support from its safe haven status amid the latest escalation in the US-China trade relations.
FWB:FOMC
by HelenRush
Another busy week for investors Late last week, investor sentiment has improved somehow due to generally positive US jobs data which curbed concerns over a potential recession in the world’s largest economy after dismal manufacturing and services PMIs. This week is going to be busy as well, with a new round of US-China trade talks will be in focus. The reports that Chinese officials have narrowed the scope of issues they will discuss at the upcoming trade talks makes investors worried about a chance for a broad agreement between the two countries. As such, market participants will likely be cautious in the days to come, and some negative reaction from Trump may follow. Apart from trade talks, investors will pay attention to the ECB and FOMC meeting minutes this week. The Federal Reserve will shed the light on its decision to cut rates in September and probably will indicate how the October meeting may play out. Should the central bank hint at another rate cut this month, the greenback will get a hit across the board. However, the general market sentiment will still depend on the trade talks, with lack of progress will hurt risky assets.
FWB:FOMC
by HelenRush
All eyes on FOMC Today the two-day Federal Reserve policy meeting concludes. The central bank’s tone will set the direction for the dollar across the board. In the light of recent weakness in economic data from the US and a softer rhetoric from the Fed officials, traders expect the policymakers to adopt a dovish stance and confirm an easing bias in the second half of the year. According to Fed fund futures, there is a 23% chance that the rates will be cut at today’s meeting, while expectations of a cut in July come at 83%. The central bank will likely decide to buy time and refrain from easing today, so the degree of dovishness of the statement and the number of cuts in the dot plot will determine how far the greenback could decline. Be the way, the US currency may enjoy a rally should the FOMC tone come less dovish than expected. In this case, riskier assets will come under pressure after the recent rally on renewed hopes for resuming US-China trade negotiations, as Trump tweeted overnight of his plans to hold an “extended meeting” with Chinese President Xi Jinping later this month.
FWB:FOMC
by HelenRush
FMX: Sort OpportunityAn intraday high potential, Back Tested Sort Analysis. We ll try to enter into the correction of the uptrend movement tracking trend oscillators as below: ADX slopes down pointing a bearish decline. CCI diverges the price crossing down the zero level as well as shown in the chart. OBV breaking down supporting trendline DETAILS ON THE CHART NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances NOTE: "IF DONE" analysis, when presented, refers to 80% of the recorded back tested past succeeded performances. DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
NYSE:FMXShort
by TradingStatistics
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