OctaFX | OctaFX Forex Broker
Open trading account

US: September FOMC meeting minutes awaited – TDS

FXStreet (Delhi) - James Rossiter, Senior Global Strategist at TD Securities expects the upcoming release of September FOMC meeting minutes to reinforce the Fed’s prevailing bias for a 2015 start to the normalization in rates.

Key Quotes

“And while the minutes will reiterate the data-dependency of any policy action and keep each meeting “live”, the market will be particularly sensitive to any signals of deep-seated concern about the potential disruptive impact on domestic activity from global events.”

“We see the risks biased towards this report being interpreted relatively dovishly by the market. While there will be a hawkish element on how close the decision was to hike in September and while there will be commentary that the overwhelming majority still saw the first hike in 2015, we think the market is likely to interpret the recent flow of weak data and insufficient to meet even the low hurdle these minutes will likely suggest to actually deliver that hike this year.”

World Bank downgrades East-Asia growth forecasts

In its latest report, the World Bank lowered its growth projections for developing East Asia-Pacific, once a bright spot in the world economy, citing the slowdown in China, lower commodity prices and expectations of the Fed tightening its monetary policy as the key reasons for dimming the growth outlook.
Read more Previous

JPY: Easing expectations from BOJ to withstand – Nomura

Yujiro Goto, Research Analyst at Nomura, suggests that market expectations for BOJ easing are likely to stay relatively high, beyond the meeting next week after the mixed inflation data of the last week.
Read more Next
Start livechat