Is Yellen too sexy for a rate hike?
This is your binary option and forex video news update for October 19th through the 23rd 2015.
The fed’s are sitting pretty on rates for now as well as in the foreseeable future. With a data dependent approach, it appears that the time to strike on a rate hike is not only cool, but it is ice cold for 2015.
The Fed’s appear to be behind the eight ball on their decision for rate hikes and the markets are frazzled trying to figure out which way will things will go for the remainder of this year. The launching pad for rate “lift off” has been chained off by the Fed’s. The teasing effect of their conflicting rhetoric is showing that they enjoy the limelight of volatility that they are creating for the economic markets.
This week’s bounce back on China’s stock market and on a few emerging Asian markets seem to be misplaced by hopeful bulls looking for a run. Riding a bullish rally may find investors with nothing more than being mounted on a frail starving calf looking for refuge.
Oil and gold markets are strung out. With the Fed’s dragging their feet, even with OPEC hinting towards a cut on production and cuts in U.S. oil production, levels still favor the supply side. Oil prices look to stay weak as we close out the last quarter of the year.
Let’s take a look at this week’s market movers:
For your Loonie pairings we’ll have policy direction from the Bank of Canada. The Loonie is still trying to work out the momentum from the last cut. It’s a rocky road, but we anticipate the BOC will stay put for now.
The Euro will also be looking at interest rate policy perspective from the ECB and President Draghi. The “tale of the tape” for the Euro will be if there has been sufficient Q.E. to actually boost the economy. They will be staying put for now, but don’t be surprised if volatility will be sparked with hints of a future boost in Q.E. This may be a forward step for the ECB, and the Euro, to end the fourth quarter. The Euro will also have several PMI releases that will impact the currency’s pairings.
With several members of the Fed’s holding court at various speaking engagements, which includes Fed Chair Yellen, we can watch them strut their stuff, but they provide us with nothing more than a “peeping Tom” view of what they expect to do on rates. We have come to expect volatile market movement as even lower level members of the Fed give their assessments on the U.S. economy.
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