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Preview of Mar 18 Meeting
Tue, Mar 18 2008, 08:23 GMT
by Marina Schiaffino
The economic overview in the US markets is quite turbulent. On one hand there's an economic recession that may be imminent, while on the other we can see the emergency Fed rate cut done on the weekend. These data may lead to a 100bp interest rate cut to 2.00%, the biggest cut since 1984.
As many analysts are expecting this 1% rate cut, it's very possible that the FOMC follows their desires and changes the initial expectations of 75bp.
Check the effect that this sudden cut has over the pairs in our Rates and Charts Section or compare the movements of the different banks in our World Interest Rates Table.
- · Board of Governors of the Federal Reserve System
- · View the past interest rates data on our Economic Time series
- · Special Webinar: Live Coverage of FOMC US Interest Rate Announcement with Jerry Furst
In-Depth Analysis: Fundamental
- · Flash Comment - FOMC: Preview of policy meeting by Danske Bank A/S
- · Daily Market Briefing - Why the Fed Needs to Cut More Than 100bp by FXCM
- · Daily Global Commentary - There Should Be a Quid Pro Quo between the Fed and Financial Institutions by Northern Trust
- · Overnight Briefing: Far East Timezone - Nikkei recovered and waiting for FOMC by Jyske Bank
- · US economic indicators - The FOMC is expected to cut the federal funds rate sharply again by BHF-Bank
In-Depth Analysis: Technical
- · Daily Forex Technical Report - Markets Prepare for Biggest Fed Cut in 2 Decades by ActionForex.com
- · Forex Trading Strategies - Market remains in white-knuckle mode ahead of possible 100 bp cut from the Fed by Saxo Bank
- · Daily Forex Commentary - Waiting for the Fed by Jyske Bank
- · Trading News Report - Markets Ready For Deep Fed Cut, How Will The Dollar Respond? by FXCM
- · Wakeup Call on Forex Markets - FOMC Rate Decision Tonight by Saxo Bank
- · Spot Forex Trades - Will FOMC benchmark rate ‘par' near term? by ForexSurvivor
- · Daily Forex Outlook - Markets stabilize ahead of FOMC. All eyes on US interest rate decision by Easy Forex
- · Weekly Analysis - FOMC meeting to set agenda for dollar by Finotec Group Inc.
In-Depth Analysis: Related Markets
- Wakeup Call on Equities - Small Bounce In Wait For FOMC Expected, We Buy DAX For A Close Of The Gap by Saxo Bank
Related News
- · The Fed, about to approve a historical rate cut (FXstreet.com)
- · Fed primed to cut key interest rate (Thomson Financial News)
- · Dollar steady in afternoon Asian trade ahead of Federal Reserve meeting (Thomson Financial News)
- · Dollar eases in Tokyo ahead of investment bank results, Fed meeting (Thomson Financial News)
- · THE FED: Fed Rate Cut Of A Percentage Point Looks More Certain Than Ever (Dow Jones)
- · US Paulson: Administration 'Quite Pleased' With Moves To Stabilize Market (Dow Jones)
- · Fed Rate Cut Of 1% Now More Certain Than Ever (Dow Jones)
- · Fed takes bold steps to ease crisis (Thomson Financial News)
- · Odds of rate cuts rise as credit crisis intensifies (Thomson Financial News)
Analysts Comments
- · Ashraf Laidi, chief currency analyst at CMC Markets:
"Our expectations lean towards a 100 bp cut in the Fed funds rate to 2.00 pct, bringing the short-term rate well below the level of inflation." - Thomson Financial News - · Peter Boockvar, equity strategist at Miller Tabak & Co:
"This is not the kind of help you want to see. Bear Stearns getting sold at $2 is alarming. When you see the Fed relying on tools that haven't been used since the Depression, it's alarming." - BBC News - · Charles Davis, economist at the Center for Economic and Business Research:
"Today's data decreases further the likelihood of ECB rate cuts in the near term, whilst the Fed is highly likely to enact a further 75 basis-point cut when it meets on Tuesday. The appreciation of the euro has been catching the headlines recently -- today's data are likely to see the euro strengthen again." - MarketWatch
Published on Tue, Mar 18 2008, 09:28 GMT
Archive
- Jun 25 Meeting: On hold at 2%
Published On Thu, Jun 26 2008, 14:47 GMT - Preview of Jun 25 Meeting
Published On Wed, Jun 25 2008, 12:34 GMT - Preview of Apr 30 Meeting
Published On Tue, Apr 29 2008, 09:48 GMT - Mar 18 Meeting: 75bp rate cut
Published On Wed, Mar 19 2008, 08:58 GMT - Preview of Mar 18 Meeting
Published On Tue, Mar 18 2008, 08:23 GMT
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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2008 "FXstreet.com. The Forex Market" All Rights Reserved.