Asian market’s reaction to the FOMC decision

Asian market’s reaction to the FOMC decision

Jonny Hart speaks to APAC Senior Market Analyst Jeffrey Halley about news impacting the market and the week ahead.

It’s the Bank of England Podcast today as I step into the breach, once again, for Craig Erlam.

But before that, we discuss last night’s Federal Reserve rate hike, its market impact, and the nuances of the statement. I also give my thoughts on whether the relief rally in equities it sparked, and the US Dollar sell-off will actually last.

Then it’s to the Bank of England who have just hiked rates in a split decision, by 0.25%. There were some bombshell growth forecasts as well. Equities love it, but Sterling is collapsing. We discuss the detail and also what my outlook for both Sterling and Euro are going forward.

Finally, we look quickly at the Asian market’s reaction to the FOMC decision overnight and the return of Mainland CHina markets from vacation. What happened, and what will possibly happen going forward. It’s a blockbuster Podcast you won’t want to miss!

Asian market’s reaction to the FOMC decision

Jeffrey Halley

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.