اب سے ہم Elev8 ہیں
ہم صرف ایک بروکر نہیں ہیں۔ ہم ایک جامع ٹریڈنگ ایکوسسٹم ہیں—ہر چیز جو آپ کو تجزیے، ٹریڈ اور ترقی کے لیے درکار ہو، ایک ہی جگہ پر ہے۔ کیا آپ اپنی ٹریڈنگ کو بلند کرنے کے لیے تیار ہیں؟
ٹریڈنگ خبریں
2 Sep 2014
USD and EUR: opposite realities – Societe Generale
FXStreet (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale, remarks the differences between the Fed and the ECB policies.
Key Quotes
"The US 1year rate in 5 years is flirting with 3%, the lowest level since last June. It's fallen far further than I thought possible from the peak above 4% this time last year."
"At the same time, the 1y/1y rate is edging back towards the end-July recent peak near 1.2% and if we get strong data this week, we can see that broken. For most of the FX market, it's the shorter-term rate which matters more."
"The Fed has been successful in anchoring expectations about ‘terminal' Fed Funds, but the market is getting on with the job of pricing in a hiking cycle that starts in mid-2015. The dollar is responding and has further to rise."
"This shift in shorter-term US rate expectations contrasts with what is happening in the Euro area, of course, but markets are now in such a state of anticipation about what the ECB might do this Thursday (cut rates, increase bond purchases, unveil a ‘proper' QE programme?) that the risk of disappointment is clear. Mr Draghi's Jackson Hole comments point to increased concern, but the hurdles to stronger action haven't vanished and the ECB remains a slow-moving organisation."
Key Quotes
"The US 1year rate in 5 years is flirting with 3%, the lowest level since last June. It's fallen far further than I thought possible from the peak above 4% this time last year."
"At the same time, the 1y/1y rate is edging back towards the end-July recent peak near 1.2% and if we get strong data this week, we can see that broken. For most of the FX market, it's the shorter-term rate which matters more."
"The Fed has been successful in anchoring expectations about ‘terminal' Fed Funds, but the market is getting on with the job of pricing in a hiking cycle that starts in mid-2015. The dollar is responding and has further to rise."
"This shift in shorter-term US rate expectations contrasts with what is happening in the Euro area, of course, but markets are now in such a state of anticipation about what the ECB might do this Thursday (cut rates, increase bond purchases, unveil a ‘proper' QE programme?) that the risk of disappointment is clear. Mr Draghi's Jackson Hole comments point to increased concern, but the hurdles to stronger action haven't vanished and the ECB remains a slow-moving organisation."