Time for last big market event of 2015: The FOMC - SocGen

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 15, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Delhi) – Kit Juckes, Research Analyst at Societe Generale, suggests that we are awaiting the last big market event of 2015 in the form of a much-anticipated (and discounted)
    ‘dovish hike’ by the FOMC.

    Key Quotes

    “Of course, we could get either no hike at all, or a less dovish hike than we expect. But assuming that the hints, nudges and winks have got expectations to the right place, what will matter for the FX market is how other assets are affected.”

    “Currency policy can be a driver of FX markets for long periods, but at cycle turning points, what’s important is how capital flows are affected. That could be pretty dull in the near term for G10 currencies, but it’s pretty scary for emerging market currencies.”

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