OctaFX | OctaFX Forex Broker
Open trading account

Forex Flash: Focus on the FOMC today - Deutsche Bank

FXstreet.com (Barcelona) - Jim Reid, of Deutsche Bank notes that the FOMC meeting statement at 7pm London time is the main focus of the day.

He writes, “Markets will have to read between the lines as there won’t be a Bernanke press conference to follow this time. In short, DB’s Peter Hooper is not expecting much out of the statement today and the Fed will most likely pass on making any major changes in their guidance to markets. The tone will likely be slightly more dovish given the recent softening in activity and inflation data but with things not yet weak enough to warrant a change in their policy stance.”

Forex Flash: The impact of BoJ easing on global fixed income - Goldman Sachs

Goldman Sachs analysts note that on April 4, the Bank of Japan announced a much stronger than expected monetary policy stimulus and the combination of larger purchases and maturity extension had a significant and immediate positive impact on the Japanese and foreign fixed income markets.
Read more Previous

Forex: EUR/USD capping at 1.3200

The EUR/USD is extending its upside today as investors price in expectations ahead of the FOMC meeting, but the pair has found resistance at the psychological level of 1.3200 during the European morning. Following a profit taking stage down to 1.3190, the market is still attempting to breach above the handle.
Read more Next
Start livechat