* This article was originally published here
Wednesday, January 29, 2020
FOMC Statement and Powell News Conference
Three take-away points are to be noted about today’s FOMC statement: It was comparatively brief, using 46% fewer words than the previous meeting’s statement and revealed a unanimous decision, as expected, not to change the 1.5-1.75% federal funds target range. Today’s statement omits a lot of the forward guidance language such as the following from […]
* This article was originally published here
* This article was originally published here
FOMC Preview
The FOMC is not expected to change interest rates. The decision will be announced at 14:00 EST and followed 30 minutes later by Chairman Powell’s press conference. Three 25-basis point rate cuts were implemented in 2019, but the dot-plot diagram of individual member rate expectations after the December FOMC meeting seven weeks ago revealed an […]
* This article was originally published here
* This article was originally published here
Many Data Releases while Investors Monitor Coronavirus and Await FOMC Decision
China remains closed ostensibly for holiday but in reality due to the spreading coronavirus epidemic with the number of confirmed cases so far surpassing 6,000. Taiwan markets also were shut. The dollar firmed overnight by 0.3% against the kiwi, 0.2% relative to the euro, Swiss franc, loonie and Aussie dollar, and 0.1% vis-a-vis the peso […]
* This article was originally published here
* This article was originally published here
Pound to New Zealand Dollar Exchange Rate Today - GBP/NZD Trending Near Monthly Highs as Markets Stay in Risk-Off Mode
Anticipation for key upcoming central bank news is keeping the British Pound to New Zealand Dollar (GBP/NZD) exchange rate sturdy this week. While markets are cooling from the jump in safe haven demand seen earlier in the week, the New Zealand Dollar still lacks the drive to sustain much of a recovery. As a result, the Pound has been able to...
* This article was originally published here
* This article was originally published here
Pound to Lira Exchange Rate Flat as Turkish Confidence Hits 21-Month High
The Pound Sterling to Turkish Lira (GBP/TRY) exchange rate remained flat on Wednesday, leaving the pairing trading at around ₺7.7433.
This morning, data revealed that confidence in Turkey’s economy rose, hitting a 21-month high at the start of 2020.
The Lira was provided with an upswing in support as confidence rose for the fourth...
* This article was originally published here
* This article was originally published here
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