OctaFX | OctaFX Forex Broker
Open trading account
Back

Grounds for a Dec Fed hike - Socgen

FXStreet (Guatemala) - Analysts at Societe Generale offer the grounds for a Fed hike, or not, in December.

Key Quotes:

"The FOMC will raise rates in December, unless put off by softer economic data, falling commodity prices, a strong dollar or emerging market volatility. The ECB appears ready to ease further in the same month.

The dollar will continue to be supported for the next month by this prospect. What happens after that depends on how broader markets react. A negative risk reaction would see both yen and euro outperform the dollar.

Where and when the dollar peaks will depend more on how expectations about terminal Fed Funds evolve than what happens in December. That suggests the dollar’s peak is some way away – in late 2016 or early 2017."

Something positive from China? - Nomura

Despite the bearishness around the Chinese economy, analysts at Nomura actually noted that the October activity data point to somewhat stabilising growth momentum.
Read more Previous

ECB: 10bp deposit rate cut + QE extension coming - Nomura

Nick Matthews, European Economist at Nomura, notes that a dovish Draghi on Thursday suggests a broader package of measures on 3 December is coming, with the Economist expecting a 10bp deposit rate cut in addition to QE extension to “end June 2017, or beyond”.
Read more Next
Start livechat