With a
rate hike in June considered a done deal, investors may be more concerned with
the economic projections and press conference with Fed Chair, Jerome Powell. Markets are poised to
closely scrutinize the Fed’s monetary policy statement for clues on how fast
the Fed may raise interest rates during the second half of this year.
With
inflation jumping to a six-year high in May and the US economic outlook being
encouraging, it will be interesting to see if there is an upgrade to the
“dot-plot” forecasts. If the Federal Reserve expresses optimism over the health
of the US economy and offers fresh insight into rate hike timings beyond June,
this could be viewed as hawkish by market players. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
Traders
will also closely scrutinize Mr. Powell’s comments for any signs of inflation
fears returning or that trade tensions have impacted monetary policy.
Expectations over the Fed raising rates more frequently could be heightened if
Powell announces that he will be holding news conferences after every policy
meeting.
In
regards to the technical picture, the Dollar Index remains firmly bullish on
the daily charts with 94.00 acting as a level of interest. A solid breakout
above this level could trigger a jump towards 94.30.
Turkish Lira
tumbles ahead of FOMC
A
growing sense of anxiety over Turkey’s looming presidential and parliamentary
elections next week has left the Lira vulnerable to downside risks. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
Heightened
expectations over the Federal Reserve tightening monetary policy simply added
to the Lira’s woes, with the local currency tumbling across the board today.
With high inflation fears and political instability in Turkey likely to continue
haunting investor attraction towards the Lira, currency weakness could remain a
recurrent market theme.
Focusing
purely on the technical picture, the USDTRY is currently following a positive
trajectory on the daily charts. Prices have scope to punch above 4.700 if the
Lira continues to depreciate.
Commodity
spotlight – Gold
Gold
drifted slightly lower ahead of the Federal Reserve meeting this evening, which
is expected to conclude with the announcement of an interest rate increase.
For an
extended period, the yellow metal has bounced within a range, with $1300 acting
as a psychological pivotal point. Price action continues to suggest that Gold
needs a fresh directional catalyst to make its next significant move. A US
interest rate increase in June, coupled with expectations of further rate hikes
during the second half of the year could spell trouble for zero-yielding Gold.
Focusing
on the technical picture, investors will continue closely observing how prices
behave around the $1300 level. A breakout above $1300 could trigger an incline
towards $1324. Alternatively, a failure for bulls to conquer $1300 is likely to
result in a decline back to $1280.
Have you heard this? Many
Nigerian exporters have been defrauded of huge amount of money in the process
of exporting commodities to foreign countries. Do you know why? They were not
trained on export operations, management, documentations and the best methods
of payment in export trade. This is terrible!!! Nigerians cannot continue to
lose money to foreigners in the course of export business. Exporters, why don’t
you get a practical manual that teaches the stages of export trade from
processing and packaging of commodities to receipt of payment by the foreign
buyers. It teaches export operations, export management, export documentations
and methods of payment in export trade? It is a contemporary step-by-step guide
to export trade. It tells all the contemporary dynamics in export trade. To get
it, click on the link below:
Hmmm!!! Folks, have you ever
imagined how the financial status of your firm will be when more than 20,000
CEOs and other key decision makers of blue-chip corporations pay for your
products and services or even give you very juicy deals. The link below will
tell you more: http://www.tectono-business.com/2015/07/tectono-business-review-in-conjunction_21.html
No comments:
Post a Comment