29 Apr 2014
Fed meet to have little market impact - Danske Bank
FXStreet (London) - Danske Bank are expecting very little market impact from the Fed meeting.
If anything they feel that it may be slightly positive for the USD and support upward pressure on yields as the market is reminded of the recent improvement in the economy. They add, "But ISM on Thursday and the employment report on Friday will be much more important in setting the direction in the short term. We see upside risk to both numbers on the back of the recent improvement in jobless claims, retail sales and some regional surveys."
If anything they feel that it may be slightly positive for the USD and support upward pressure on yields as the market is reminded of the recent improvement in the economy. They add, "But ISM on Thursday and the employment report on Friday will be much more important in setting the direction in the short term. We see upside risk to both numbers on the back of the recent improvement in jobless claims, retail sales and some regional surveys."