From now on we Elev8
We're more than just a broker. We're an all-in-one trading ecosystem—everything you need to analyse, trade, and grow is in one place. Ready to elevate your trading?
Trading news
27 Apr 2015
FOMC: A more dovish tone? - TDS
FXStreet (Bali) - According to the FX Strategy Team at TD Securities, a more dovish tone in the FOMC mid this week may represent a signal that the focus is shifting toward a late lift-off for rates.
Key Quotes
"This is not a meeting with a press conference or new forecasts, so we look for the focus to be on the Fed’s broader assessment of growth. A more dovish tone there could be a strong hint that the bias is shifting toward a later rather than sooner lift-off for rates. We also have the first print of Q1 GDP earlier in the day, where markets are looking for growth to decelerate to 1.0% SAAR, but we think that the risks lie toward a softer print of only 0.8% instead."
Key Quotes
"This is not a meeting with a press conference or new forecasts, so we look for the focus to be on the Fed’s broader assessment of growth. A more dovish tone there could be a strong hint that the bias is shifting toward a later rather than sooner lift-off for rates. We also have the first print of Q1 GDP earlier in the day, where markets are looking for growth to decelerate to 1.0% SAAR, but we think that the risks lie toward a softer print of only 0.8% instead."