10 Jul 2013
Flash: FOMC caveats - Socgen
FXstreet.com (London) - Kit Juckes, Global Head of Currency Strategy at Societe Generale, said todays calendar (apart from the Ashes, and the Tour going to Mont St Michel for a photo-opportunity) sees a likely 50bp rate hike in Brazil, minutes of the last FOMC meeting, and Ben Bernanke’s speech in Massachusetts.
Overnight tonight, he said, we will get policy meetings that don’t deliver change in Japan and S Korea, and possibly some robust Australian employment data. “I still expect the US news to be supportive of risk sentiment; Bernanke either says nothing or says something soothing and the FOMC Minutes will probably includes more caveats to tapering plans than the original policy statement which caused so much furore. I hope that more ‘risk on’ and decent jobs data Down Under take AUD/USD back up, temporarily.”
Overnight tonight, he said, we will get policy meetings that don’t deliver change in Japan and S Korea, and possibly some robust Australian employment data. “I still expect the US news to be supportive of risk sentiment; Bernanke either says nothing or says something soothing and the FOMC Minutes will probably includes more caveats to tapering plans than the original policy statement which caused so much furore. I hope that more ‘risk on’ and decent jobs data Down Under take AUD/USD back up, temporarily.”