1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

Limited USD response to Fed decision expected - Scotiabank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 28, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    FXStreet (Córdoba) - Heading into the Federal Reserve verdict, Shaun Osborne, Chief FX Strategist at Scotiabank notes that no one expects the Fed to raise rates today and investors are perhaps low-balling the risk of a move, just because there is no press conference scheduled.

    Key Quotes

    “Looking ahead to the Fed, no one expects a move today; the vast majority of Fed policymakers have indicated in the past few weeks that rates will rise before year-end so investors are perhaps low-balling the risk of a move, just because there is no press conference scheduled”.

    “We prefer long USD positions versus the majors and zero expectation of a move today should mean a limited USD response to confirmation that rates remain on hold”.

    “We prefer long USD positions versus the EUR and CAD specifically and think modest USD dips near-term are a buy”.
    For more information, read our latest forex news.
     

Share This Page