Forex Market Updates 25.08.2014 Yellen confirms that FOMC is discussing when to raise rates them Her talk was largely about the difficulties of evaluating the labor market Nonetheless she was clear that the FOMC is focused on the timing of the first rate hike, not whether it is appropriate to start hiking Draghi surprises the market with two changes in nuance He says countries should be allowed to spend more = looser fiscal stance He “acknowledges” that inflation expectations are no longer “firmly anchored” and says ECB Council will act on this Divergence in monetary policy should drive EUR lower vs USD, GBP BoE official says earnings could start to rise later this year Meaning BoE could start raising rates; confirms hawkish UK monetary policy Today: Eurozone: Ifo survey expected to be lower across the board = EUR-negative UK: Closed for a holiday US: new home sales for July expected higher, Markit service-sector PMI expected lower, Chicago Fed national activity index and Dallas Fed manufacturing indices expected to have declined slightly Join us for MORE!!! bit.ly/1lE2lZg
Posted on: Mon, 25 Aug 2014 06:32:18 +0000