Dust settles after FED decision

21 September, 2015

Matthew Boyle

Last week’s major news was that the FED decided to hold interest rates amidst speculation of a potential rise. Given this is such a huge decision and one which had it changed would have affected the entire market, much of last week was stagnant with relatively little movement in rates as traders seemed to remain largely on the fence prior to Thursday nights decision. Following the announcement of no change we saw, as was expected the USD lose some ground whilst the Euro gained, however this was largely a correction given the speculation earlier in the week.

We have a fairly quiet week ahead in the way of data, but that doesn’t necessarily mean the market will stay quiet. Albeit the FED decision has in many ways prevented the major rates going wild, with so much going on Globally at the moment the coming week will no doubt be an interesting one.

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