OctaFX | OctaFX Forex Broker
Open trading account
Back

Fed may continue to err on the side of caution - Standard Chartered

FXStreet (Bali) - Standard Chartered expects the first rate hike in the US at the June 2015 meeting, followed by a very gradual tightening pace of 100bps/year until a cycle high of 3.0%.

Key Quotes

"We think the exit from the Fed’s ultra-accommodative stance will be very gradual. Chair Yellen (and before her, Bernanke) has highlighted the dangers of tightening policy too early; the Fed may continue to err on the side of caution. The final reduction of its QE programme should come at the October FOMC meeting, as the FOMC has already telegraphed."

"We expect the first rate hike at the June 2015 meeting, followed by a very gradual tightening pace of 100bps/year until a cycle high of 3.0%. As an aside, the Bank of England (BoE) will probably have ‘broken the ice’ with a rate hike before the Fed; we expect it to hike in Q1-2015."

EUR/GBP needs to hold 0.7770 - RBS

RBS analysts explained that the EUR/GBP pair has been in a downtrend, as it broken below 100-month MA with no reversal signals so far.
Read more Previous

GBP/JPY sideways as markets leave pound out to dry

GBP/JPY is trading at 177.76, up 0.00% on the day, having posted a daily high at 177.84 and low at 177.64.
Read more Next
Start livechat