We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Bullish
Oil - US Crude
Mixed
Wall Street
Bullish
Gold
Bearish
GBP/USD
Bullish
USD/JPY
Bullish
More View more
Real Time News
  • USD/MXN remains caught in a choppy range, which generally has traders looking for a directional move frustrated. Get your $USDMXN technical analysis form @PaulRobinsonFX here: https://t.co/gCXqAEGVix https://t.co/fVb44SoBzx
  • Heads Up:🇫🇷 Consumer Confidence due at 06:45 GMT (15min) Actual: 93 Expected: 92 Previous: 95 https://www.dailyfx.com/economic-calendar#2020-05-27
  • Heads Up:🇫🇷 Business Confidence due at 06:45 GMT (15min) Actual: 70 Expected: 85 Previous: 68 https://www.dailyfx.com/economic-calendar#2020-05-27
  • 🇳🇴 Unemployment Rate Actual: 3.6% Expected: 4% Previous: 3.5% https://www.dailyfx.com/economic-calendar#2020-05-27
  • Heads Up:🇳🇴 Unemployment Rate due at 06:00 GMT (15min) Expected: 4% Previous: 3.5% https://www.dailyfx.com/economic-calendar#2020-05-27
  • EU Foreign Affairs Minister Josep Borrell: EU to weigh 'robust' message to China over Hong Kong, China wants to influence global public opinion -BBG
  • Japan total bond issuance is said to rise above 200 trillion #Yen -BBG
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.61%, while traders in US 500 are at opposite extremes with 75.59%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/e9Wte2ys3d
  • U.S. Market Analyst at https://t.co/JsVsSmefgR, Shain Vernier covers - ✔️ Safe haven assets in volatile markets ✔️ Central banks and governments ✔️ How will commodities trade in a recession Only on Trading Global Markets Decoded #podcast. Tune in here: https://t.co/1UmEzEbwiy https://t.co/4AzMu1F1Ph
  • My trading video for today: 'S&P 500 Can't Extend a Bullish Gap, Dollar Drop Cues $USDCAD, $NZDUSD Breaks' https://www.dailyfx.com/forex/video/daily_news_report/2020/05/27/SP-500-Cant-Extend-a-Bullish-Gap-Dollar-Drop-Cues-USDCAD-NZDUSD-Breaks.html?ref-author=Kicklighter&QPID=917719&CHID=9 https://t.co/oSB23nRkfE
US Rate Hike Bets May Replace China as Fuel for Market Turmoil

US Rate Hike Bets May Replace China as Fuel for Market Turmoil

2016-01-11 07:43:00
Ilya Spivak, Head Strategist, APAC
Share:

Talking Points:

  • China Fixes Yuan Higher, Calming NFP-Inspired Risk Aversion
  • Fed-Speak, US Data Key as Rate Hike Bets Inform Risk Trends
  • Carney Talk, BOE Meeting to Guide Tightening Timeline View

Risk aversion swept financial markets at the weekly trading open in a move that may have reflected fears of an aggressive Fed rate hike cycle after Friday’s upbeat US jobs data. Negativity eased after China strengthened the Yuan at the daily fix for a second consecutive day.

In the week ahead, a busy Fed-speak calendar as well as retail sales and consumer confidence data will keep the US policy outlook center-stage. Firm data and rhetoric hinting the central bank will look past market turmoil to press on with policy normalization may boost the US Dollar and rekindle risk aversion.

The Bank of England monetary policy announcement and a scheduled speech from Governor Mark Carney will help gauge policymakers' confidence in overcoming imported disinflation to raise rates in 2016. A hawkish tilt represents greater volatility risk versus the alternative, opening the door for a British Pound recovery.

--- Created by Ilya Spivak, Currency Strategist for DailyFX.com

To receive Ilya's analysis directly via email, pleaseSIGN UP HERE

Contact and follow Ilya on Twitter:@IlyaSpivak

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.