US Dollar Index Rebounds on Stronger Economic Growth
US dollar bounced back sharply after the Federal Reserves decided to keep the interest rates low until they reach their employment and inflation goals. The Central Bank has also optimized investor’s sentiments by presenting stronger than expected economic recovery projections. They hinted faster employment growth in the days ahead.
European Stock Market Rally Fades as Fed Left Interest Rate Unchanged
European stock markets ended the four days winning streak as the US Federal Reserves has indicated that interest rate will remain low for a longer time. The Fed has kept its interest rate around zero range and hinted it to stay at the current level for the next three years.
Key Events To Watch Out For This Week
Monday GBP ♦ UK Parliamentary Vote on Brexit – TBC UK parliament are set to debate the Internal Market bill, a move that if proceeded with, would breach the divorce Brexit agreement signed last year. This bill would allow companies to trade ‘unhindered’ across the UK , clearly breaking the…
Dollar firm on broad data whilst Stocks continue to suffer
Asian stocks were under pressure as the sell off in US equity counterparts continued for a second day. The dollar has moved higher for the third-day in a row, temporary or the start of a new trend? US data comes in mixed but slightly more optimistic.
European Stock Market Under Pressure as Fed’s Powell Guides Higher Inflation
European stock markets closed lower on Thursday and extended the bearish trend on Friday as Federal Reserve Chairman Jerome Powell said historic policy shift would move inflation rate higher in the days to come.
How the FED intends to support the US economy and what this means for markets
Today, Powell said that the FED would be initiating a new approach to inflation, referred to as targeted inflation. This is essentially where a central bank will target a specific inflation rate as a goal , adjusting monetary policy to gear towards this target.
COVID-19 on the Rise Again? FX Market Report
Essential Insights Asian Equities take a tumble as fears of a second covid-19 wave in US rise. The FED sees rates being kept the same until 2022. Breakdown Asian stocks fell overnight amid fears over a second wave of COVID-19 in the US, with states exhibiting a rise in confirmed…
Junk Bonds Strike Back – FED
Recently Powell announced that the FED would be extending some of its purchasing programmes until 2022. Including the purchasing of riskier assets from corporate bonds to Junk bonds. Three quarters of a Trillion dollars has been allocated to the purchasing of corporate bonds which is unprecedented. This move has been…