SaxoTV

Hardy: Broader USD recovery needs a signal from the FOMC

508 views
October 26, 2015 Riksbank, bank of japan, bank of japan governor, dollar, dollar index, dollar outlook, dollar rise, dollar strength, dollar trading, dollar yen, dollars, ecb, ecb meeting, ecb news, ecb policy, ecb rate, ecb rates, euro, euro dollar, europe, european central bank, eurusd, federal, federal open market committee, federal policy meeting, federal reserve, federal reserve janet yellen, federal reserve rate, federal reserve rate hikes, federalreserve, fomc, fomc meeting, fomc rates, fomc statement, fomcmeeting, fomcstatement, foreign exchange, foreign exchange market, foreign exchange strategy, forex, forex audusd, forex buying, forex eurusd, forex exchange, forex idea, forex market, forex market overview, forex markets, forex saxo bank, forex strategy, forex trade idea, forex trade ideas, forex trading, forex trading 2015, forextrading, janet yellen, japan, japanese economy, japanese yen, jpy, saxo, saxo bank, saxo tv, sweden, sweden rates, swedish, swedish central bank, swedish economy, swedish krona, swedish kroner, swedish riksbank, trading, tradingfloor.com, us dollar, us dollar index, us dollar rise, usd, usd index, usdjpy, yellen, yellen interest rates, yen, yen crosses, yen dollar
As the Federal Open Market Committee (FOMC) meets this Wednesday, Saxo's John Hardy expects it to keep options open for a rate hike in December. He believes the monetary policy statement will be more dollar supportive and could move AUDUSD lower while USDJPY higher.

The Bank of Japan meets on Friday and Hardy notes that its governor, Haruhiko Kuroda, likes to surprise the markets. Although he himself believes there is enough quantitative easing (QE) to cover fiscal deficits, Hardy warns that the BoJ could decide to increase its stimulus programme. He looks at key levels in USDJPY.

Finally, Hardy discusses how the Swedish central bank, the Riksbank, responds to the ECB's dovish statement last week.