Fed to cut by 25bps at each of the next five meetings – Danske Bank
Danske Bank analysts are expecting the US Fed to cut by 25bp at each of the next five meetings taking the target range to 0.75-1.00% at the March meeting.
“We do not anticipate the Fed will pre-commit to more easing but that it will stick to its current ad hoc approach. If the Fed really wants to reflate the economy and markets, it may need to commit more to easing and/or cut more and faster eventually.”
“We have a very light data calendar today in terms of economic data releases. Hence focus will be on central bank signals and political signals.”
“In the US, University of Michigan’s survey of consumer confidence will be in focus in particular after yesterday’s strong retail sales number. The US consumer is one of the key forces holding up US growth amid weak investment growth.”
Trading Central – GOLD
Trading Central – USD/CAD
Risk Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61.79% of retail investor accounts lose money when trading CFDs with this provider. The information contained in this market review should not be construed in any way, as containing investment advice and/or a suggestion and/or solicitation for any trading activity and financial transaction. The data contained in this market review is not necessarily real-time nor accurate. The data and prices on the material are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. There is no guarantee and/or prediction of future performance. EuropeFX, its affiliates, agents, directors or employees do not guarantee the accuracy and validity of any information or data made available and assume no liability as to any loss arising from any investment based on the same. Trading Forex/CFD’s carries a high level of risk and can result in the loss of your whole investment. Forex/CFD’s are leveraged products and therefore Forex/CFD’s trading may not be appropriate for all investors. It is recommended that you do not invest more money than you can afford to lose to avoid significant financial problems in the case of losses. Please make sure you define the maximum risk acceptable for yourself.