OctaFX | OctaFX Forex Broker
Open trading account
Back

Pricing for Fed’s December move on the rise – Westpac

FXStreet (Delhi) – Sean Callow, Research Analyst at Westpac, suggests that pricing for a Fed’s Dec move has risen above 70% and robust job creation points to ongoing tightening in 2016 but this is not translating to faster wages growth so inflation still argues for a cautious approach.

Key Quotes

“The FOMC held steady in Sep, seemingly spooked by the Aug CNY devaluation and steep slides in China’s stock market which spilled over to Wall St.”

“But the recovery in EM and US equities in October produced a virtual “all clear” from the FOMC on 28 Oct. The statement’s reference to a potential rate increase at the “next meeting” has since been reinforced by commentary from many officials.”

JPY: PM Abe plans minimum wage hike of 3% - Nomura

Research Team at Nomura, notes that the Japanese PM Abe has planned to implement minimum wage hike of 3% in an emergency response measure which are proposed for realizing strong economy.
Read more Previous

US: Deep impact of NFP on asset prices - BofAML

Research Team at BofAML, suggests that with the much-anticipated 16 December FOMC meeting around the corner, the 4 December US non-farm payrolls (NFP) is one of the most important remaining data points and the significance of recent NFP surprises in driving asset prices has been increasing since summer 2014 and is near historical highs.
Read more Next
Start livechat