Fed’s Dovishness Confirmed – Focus Shifts to Brexit and Earning Season

Jan 11 21:01 2019 Print This Article

The US dollar continues to weaken in 2019, this week’s decline was supported by the Fed’s Minutes and a busy week of FOMC talk that cemented views that the Fed can wait on the next interest rate hike.  The narrative now shifts from central bank focus to Brexit and earning seasons.  Prime Minister May’s Brexit deal is expected to be voted down in Parliament on Tuesday.  There is no strong consensus as to what is next for Brexit, but after Tuesday, we will learn a lot more.  The other key driver for the next big move in risk appetite could come the beginning of a very long earning season.   We have seen many technology and consumer discretionary companies warn on their outlooks already.

May expected to lose Parliament Brexit Vote on Tuesday, January 15th

Earning Season kicks off

G20 Finance Ministers and Central Bank Governors meeting, January 16-18th

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