Asian Markets Bouyant

Stephen Innes, senior trader at OANDA, said the focus would now be on a speech by Federal Reserve boss Janet Yellen on Friday, which would be pored over for clues about the bank’s outlook for its next interest rate hike.

With Trump’s promises of big spending and tax cuts expected to fuel inflation, bets are on the Fed to hike rates at least three times this year, after December’s increase.

“Given the markets focus on all things Feds, we could be in for bustling (Asia-Pacific) session at the end of the week,” he said.

The Straits Times

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Stephen Innes

Stephen Innes

Senior Currency Trader and Analyst at OANDA
Stephen has over 25 years of experience in the financial markets and specializes in Asian currencies at OANDA. After having started his trading career with NatWest Bank, he is currently based in Singapore as a Senior Currency Trader and Analyst with OANDA, focusing on the movement of the Aussie Dollar and ASEAN Currencies. Stephen has an extensive trading experience in Interest Rate Futures, Money Markets and Precious Metals. Prior to joining OANDA, he worked with organizations like Cambridge Mercantile, Nat West, Garvin Guy Butler, Sumitomo Mitsui Banking Corporation. Stephen was born in Glasgow, Scotland, and holds a Degree in Economics from the University of Western Ontario.
Stephen Innes
Stephen Innes

Latest posts by Stephen Innes (see all)