Apple’s recent announcement concerning a dismal quarter – and with some shock results in China partly to blame – rattled the Australian dollar in Asia trade today.
Category: Featured
Wednesday 2nd January: Asian markets stumble on first day of New Year
Asian stock markets are in negative territory on Wednesday, the first trading day of 2019, in the absence of fresh cues overnight from Wall Street.
Holiday Trading Schedule Dec 2018– Jan 2019
Dear Traders, Please find our updated trading schedule for the Christmas, Boxing Day and New Year’s Day holidays below. All times mentioned in GMT +2. Liquidity over the holidays is expected to be particularly thin so please take the necessary precautions to ensure you are not affected by increased volatility, spreads and intermittent pricing. We … Continue reading Holiday Trading Schedule Dec 2018– Jan 2019
Wednesday 19th December: FOMC takes center stage today – expected to lift rates by 25bps to 2.25-2.50%.
The Fed is expected to lift rates by 25bps to 2.25-2.50%, with risks the hiking trajectory could be narrowed. The tone of the statement and Chair Powell’s press conference is expected to tilt dovish, reflecting a data-dependent FOMC.
Tuesday 18th December: US housing data eyed.
A fading US dollar on the back of significantly weaker-than-expected Empire State manufacturing and NAHB indices, as well as US President Trump renewing his criticism on the Federal Reserve.