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  • Pepperstone UUIIFXBR

    As expected by most economists, the Federal Reserve completed its final asset purchases this month under its latest QE program. In line with forecasts, the final 15 Billion in purchases was reduced at Wednesday’s meeting. The FOMC statement showed only one dissenter in member Kocherlakota: ‘who believed that, in light of continued sluggishness in the

  • Pepperstone UUIIFXBR
    Analysis and Opinion » Traders Wait on the FOMC
    Pepperstone - October 29, 2014, 07:41 GMT

    Weak Durable Goods Orders caused a brief rally in risk assets last night, with both the Core and Non-Core figure missing expectations at -0.2% vs. 0.5% and -1.3% vs. 0.4% respectively. Most USD pairs rallied on the news with EUR, GBP, AUD and NZD all gaining half a cent against the US Dollar. This data

  • Pepperstone UUIIFXBR
    Analysis and Opinion » The End of the QE Era?
    Pepperstone - October 27, 2014, 07:18 GMT

    What is happening: On Wednesday the 29th of October the Federal Reserve will release its monetary policy statement. The Federal Open Market Committee will provide their monetary policy decisions along with a statement explaining them and forecasts on the future path of interest rates. What is expected: Up until recently, the Federal Reserve’s latest round

  • Pepperstone UUIIFXBR

    The Australian dollar jumped higher on the news that Chinese growth had fallen less than expected yesterday; GDP growth came in at 7.3% against a forecast of 7.2%, though this was lower than last quarter’s 7.5% and was the weakest growth number since the GFC. Industrial production bounced back after the previous 6.9%, reading at

  • Pepperstone UUIIFXBR
    Analysis and Opinion » Focus on Asian Data
    Pepperstone - October 20, 2014, 06:40 GMT

    It’s looking like an interesting week for Asian and Australasian economies; Australian and New Zealand Inflation data will be due for the previous quarter as well as Chinese GDP growth. All are likely to be market movers as well as potential new information from the RBA on the path of interest rates. Australian dollar volatility

  • Pepperstone UUIIFXBR
    Analysis and Opinion » US Rate Path in Question
    Pepperstone - October 17, 2014, 08:20 GMT

    It has been a fairly wild week in markets, with volatility expanding from FX to Equities and Fixed Income. The much-tracked SP500 index dropped sharply and US long term treasuries spiked higher on what appeared to be capitulating short positions. This unwinding of positions also took place across most USD currency pairs, causing some very

  • Pepperstone UUIIFXBR

    The RBA left rates unchanged yesterday as expected by a survey of economists; the RBA kept interest rates at 2.50% and did not substantially change the concurrently released statement dramatically. The bank kept the key phrase ‘a period of interest rate stability’ in the statement but discussed the level of the AUD in the wake

  • Pepperstone UUIIFXBR

    After a quiet Monday, markets should find some interest in Australian and US central banks this week. Tomorrow the RBA will decide on the Australian overnight cash rate; analysts are not expecting any change this month as the RBA has signalled that any change in interest rates would be preceded by a change in the

  • Pepperstone UUIIFXBR

    The ECB disappointed most market participants last night, causing some increased volatility in Forex markets without creating much strong direction; stock markets reacted negatively with an emphasis on peripheral Europe, with most markets down around 1-3%. Draghi did not disappoint in the size of the ABS program, but rather in skirting around actually revealing any

  • Pepperstone UUIIFXBR
    Analysis and Opinion » NZD Capitulates
    Pepperstone - September 29, 2014, 08:28 GMT

    The New Zealand Dollar plummeted further on news today that the RBNZ had been a heavy seller of the country’s currency in the previous month, comments by Prime Minister John Key supported this by stating that the ‘Goldilocks’ level for the NZD was around 65 US cents and indicated that the RBNZ could intervene to

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