Tax Reform and New Fed Chair intrigue ( Radio Interview)

Stephen Innes, Head of Trading in Asia-Pacific, OANDA shares his views with BFM Radio

U.S. stocks ended at record highs last week as investors bet on another positive earnings season as shown by some corporates that released their numbers recently such as Bank of America and JP Morgan.

Stephen shares his expectation on whether this earnings trend and momentum in the markets will continue.

Corporate earnings aside, readings on inflation and retail sales numbers that were released last Friday missed expectations. But just yesterday, Fed Chief Janet Yellen gave a bright outlook for the U.S. economy and for inflation prospects in coming months. This suggests that the central bank will soon resume raising interest rates to reflect the strengthening economy.

What is Stephen’s take on this?

He also talks about how the markets are focused on the bigger picture right now – the inflation outlook in the US and Fed Chair replacement.

We also chat about how the markets would be impacted should there be an interest rate hike in the UK.

Presented by Joyce Goh

BFM Radio Kuala Lumpur

 

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

Head of Trading APAC at OANDA
Stephen has over 25 years of experience in the financial markets and currently based in Singapore as the Head of Trading Asia Pacific with OANDA. Stephen's market views focus on the movement of G-10 and ASEAN Currencies. His views appear in Bloomberg, CNBC.Reuters, New York Times WSJ and the Economist. His media appearances include Bloomberg TV & Radio, BBC International, Sky TV, Channel News Asia, ASTRO AWANI and BFM Malaysia. Stephen has an extensive trading experience in Spot and Forward FX, Currency and Interest Rate Futures, Money Market Derivatives and Precious Metals. Before joining OANDA, he worked with organisations like Nat West, Chemical Bank, Garvin Guy Butler, and 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

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