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Van

Fed Rates Hikes May Not Be Over Yet

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LONDON (AFX) - The dollar was firmer across the board on expectations of further interest rate hikes in the US ahead of tomorrow's release of the latest Federal Reserve Open Market Committee minutes as well as some key US data later this week.

US data this week include the manufacturing and services sector ISM surveys, consumer confidence surveys from the Conference Board and the University of Michigan, and culminates in key US non-farm payrolls numbers on Friday.

The figures are expected to be upbeat and, along with tomorrow's minutes, will suggest that the US rate hiking cycle is not over yet.

'Overall, the potential for further rate hikes and an upbeat outlook for data releases this week will leave the dollar trading with a relatively firm tone as markets cover some of the extreme short position built up of recent weeks,' said Daragh Maher at CALYON.

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Greenspan steps down tomorrow; Oil could touch $70pb this week. Watch this space!

Edited by Van

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I think tomorrow has potential to be pivotal in the economic cycle.

Alan Greenspan steps down, Ben Bernanke steps up.

This really should be the biggest “lets see what he does” for the markets in twenty years.

I would not be surprised if Bernanke therefore makes some pretty sweeping advisor comments to the markets, as Greenspan finally steps out the door with the plates spinning.

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Where's that 50 year US/UK interest rate graph.

Is it me or are most of the UK living in some sort of parrallel universe where world IR's are no longer relevant to the UK and we can drop ours when everyone else is raising theirs.

Well its B***cks at some point we will have to follow suit.

There endeth the rant.

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Is it me or are most of the UK living in some sort of parrallel universe where world IR's are no longer relevant to the UK and we can drop ours when everyone else is raising theirs.

Well its B***cks at some point we will have to follow suit.

There endeth the rant.

Quite. It was mentioned in the weekend FT, that with Slovenia soon to join the Eurozone, the ECB will gain another "hawk" from their Central Bank who feels that ECB rates could easily hit 3.5% during 2007.

Bring it on.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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