OctaFX | OctaFX Forex Broker
Open trading account

Forex Flash: FED to maintain the pace of assets purchases - BNZ

FXstreet.com (Barcelona) - “Admittedly, the approach of FOMC meeting and sliding US bond yields are adding to the downward pressure on the greenback,” says Mike Jones, Currency Strategist at BNZ. “10-year yields touched a 4-month low o 1.64% overnight as falling inflation (the core PCE fell to 1.1% on Monday) and deteriorating economic data has raised speculation the Fed could be a little more dovish this time around,” Mike notes, adding: “We doubt the Statement (released tomorrow morning at 6am NZT) will discuss addition asset purchases.”

“Rather, it will simply toe a similar line than last time, an maintain the pace of asset purchases at US$85b/month,” the analyst concludes.

ForexL AUD/JPY still forming “pennant” pattern on daily chart

The AUD/JPY closed the session up 48 pips at 101.20. The pair again found buyers just below the 101.50 for a third day in a row. The pair is currently edging slightly lower in Asia trade at 100.90, with not much reaction after both China PMI (50.6 Actual vs. 50.8 Estimate) and Australia HIA New Home Sales (+4.2% actual vs. -5.3% prior) were released earlier in the session.
Read more Previous

Forex: GBP/USD finishes higher for a fifth straight day, closes April +2.31%

The Sterling finished higher for a fifth straight day, closing up 42 pips at 1.5535. Economic data in the coming European session will be light with the only reports from the UK being Nationwide Housing Prices (6:00GMT) and Markit Manufacturing PMI (8:28 GMT).
Read more Next
Start livechat