Balancing the Elephant in the Room

OANDA Senior Market Analyst, Jeffrey Halley is covering a lot of ground today. We look back on the FOMC “dot-plot” incident and the market volatility caused by various Fed official’s comments on interest rates. The mini taper-tantrum made a lot of noise in some markets but had little substance in others, notably bonds and equities. We look at both before moving onto currency markets where the US rally has held its gains. We glance at the US dollar index and EUR/USD before pondering USD/Asia where USD/INR and USD/THB for example, have stayed near the top of their ranges. Are risk sentiments remaining elevated in the background despite Jerome Powell’s soothing words? Finally, he gives his take on gold for the week and offers some thoughts on the market volatility.

 

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.

Jeffrey Halley

Jeffrey Halley

Senior Market Analyst, Asia Pacific
With more than 30 years of FX experience – from spot/margin trading and NDFs through to currency options and futures – Jeffrey Halley is OANDA’s senior market analyst for Asia Pacific, responsible for providing timely and relevant macro analysis covering a wide range of asset classes. He has previously worked with leading institutions such as Saxo Capital Markets, DynexCorp Currency Portfolio Management, IG, IFX, Fimat Internationale Banque, HSBC and Barclays. A highly sought-after analyst, Jeffrey has appeared on a wide range of global news channels including Bloomberg, BBC, Reuters, CNBC, MSN, Sky TV, Channel News Asia as well as in leading print publications including the New York Times and The Wall Street Journal, among others. He was born in New Zealand and holds an MBA from the Cass Business School.
Jeffrey Halley
Jeffrey Halley

Latest posts by Jeffrey Halley (see all)