Tag Archives: ZAR safe
Federal Reserve Meeting minutes – outside of U.K hours this evening could be a market mover for not just the Dollar
Another busy day on the trading floor yet a rather quiet market, I feel investors are now waiting for the FOMC Minutes due out this evening at 19:00pm, these minutes could give clues to economic policy in the future, and with the markets moving on rumour as well as fact then we could walk in tomorrow morning to completely different rates to what we are seeing this afternoon.
This release will not only effect the Dollar, it will affect all currencies as global risk appetite will no doubt be altered, and personally I feel that risk appetite is the main factor driving nearly all currencies at present, when investors are willing to take a risk, currencies like the AUD, NZD and ZAR seemingly gain value, and on the other hand the Dollar also seems to be the currency of choice when investors are less risk hungry after the Swiss National Bank intervened a matter of weeks ago to the value of their currency. This appears to have slightly turned investors heads away from the CHF as the safe haven of choice and by the look of it a few weeks back even Sterling was chosen by some!
In short, tonight may be important and the markets are all over the place at the moment, if you have an upcoming transfer to make then I can save you money over the high street banks and indeed any broker you are using. Contact me directly today on djw@currencies.co.uk leaving a short message and your contact number and I will be more then happy to give you a call and discuss how I can help.
