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  • Article / 26 minutes ago

    Fed flirts with four rate hikes, but US dollar drops

    Managing Director / Technical Research Limited
    New Zealand
    Fed flirts with four rate hikes, but US dollar drops
    The FOMC has unanimously voted for the first rate hike of the year to take effect. Markets had anticipated more urgency from the FOMC in its policy statement. So bullish positions in the US dollar, bond yields and stocks were cut when the Fed failed to deliver a projections of four rate hikes over 2018.
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    Patto Patto
    Nice work Max.............But on the inflation question, surely the Fed has taken into account the "base effects" when coming up with their projections? I can't see an...
    Max McKegg Max McKegg
    Patto, My Crude Oil analysis below
    Patto Patto
    that would do it !
  • Squawk / Yesterday at 18:08 GMT
    Head of FX Strategy / Saxo Bank
    FOMC meeting: Fed raises rates and steepens the path of expected rate hikes for 2020 in dot plot, but not for the 2018 time frame. The longer term "terminal rate" seen relatively unchanged. The wording of the statement sees minor changes, with a small downgrade to observations for current state of economy, but confident sounding on eventual path. In accompanying materials, GDP forecast for 2018 and 2019 revised a bit higher, as was PCE core for 2019 and 2020 (to 2.1% from 2.0%). More to follow on market reaction -see comparison of statements (January to March) attached.
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    John J Hardy John J Hardy
    end of day is first key and then end of week second key ...
    Market Predator Market Predator
    It seems Mr. Hansen is right in his chart. Hike means Gold growth.
    Coco84 Coco84
    not just the USD behaves the same as after the last Fed meeting, but all US indices look awfully similar to right before the correction
  • Calendar event / Yesterday at 14:00 GMT

    US Existing Home Sales

    Med Existing Sales, M/M%
    Med Existing Sales
    Med Unsold Homes Month's Supply
    Med Median Price (USD)
    Med Median Home Price, Y/Y%
  • Article / Yesterday at 8:34 GMT

    FX Update: Is it really about the FOMC at the moment? – #SaxoStrats

    Head of FX Strategy / Saxo Bank
    It’s the first FOMC meeting of new Fed Chairman Powell – and it's obvious that this is the market’s primary focus. But it is far from clear that the market is trading lately on Fed expectations and whether today's meeting will produce any surprise of note. Still, with the USD near the tipping point in many pairs, a reaction of some kind is inevitable.
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