News | Forex Optimum

News

News

Fed is seen sticking to its accommodative stance - UOB

FXStreet reports that Lee Sue Ann, an economist at UOB Group, offers her view on the upcoming FOMC meeting (Wednesday).

“The “talk about the talk” about QE tapering and updated dot plot during the June FOMC could set in motion for taper discussion.”

“We expect the Fed to keep its current policy stance unchanged in the July FOMC and the Jackson Hole Symposium (26 August) could see the first hint of taper and we expect first taper to be done in December 2021.”

You may also be interested:

14:38 22.09.2021
Gold needs to close above $1834 to extend its recovery - Commerzbank
FXStreet reports that Gold (XAU/USD) has recovered from support at $1750/43 and Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, suggests the yellow metal looks set to range further.“Gold has sold off to $1750, the 29th June low, it traded below there but most importantly did not close below here and the market is attempting to recover.”“We have extensive resistance from $1795 to $1834 (55, 200-day moving averages and highs since July) and we look for rallies to struggle
14:16 22.09.2021
U.S. weekly mortgage applications jump 4.9 percent
The Mortgage Bankers Association (MBA) reported on Wednesday the mortgage application volume in the U.S. surged 4.9 percent in the week ended September 17, following a 0.3 percent gain in the previous week.According to the report, applications to purchase a home rose 2.2 percent, while refinance applications climbed 6.5 percent. Meanwhile, the average fixed 30-year mortgage rate remained unchanged at 3.03. “There was a resurgence in mortgage applications the week after
13:56 22.09.2021
GBP/USD faces solid support at 1.3600 - UOB
FXStreet reports that FX Strategists at UOB Group suggest that Cable risks a deeper pullback to the 1.3600-region in the next weeks.24-hour view: “GBP traded in a relatively quiet manner within a 1.3641/1.3692 range yesterday before closing largely unchanged at 1.3661 (+0.03%). Despite the quiet price actions, the underlying tone appears to have weakened and break of the 1.3640 support appears likely. Barring a surge in downward momentum, the August’s low near 1.3600 is unlikely to come into the
Deposit
options
Trading
platform
download
Bonuses VIP