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.
Jeff has previously worked with leading institutions such as Saxo Capital Markets, IFX, Fimat Internationale Banque, HSBC and Barclays. He was born in New Zealand and holds an MBA from the Cass Business School.
A highly sought-after analyst based in Southeast Asia, he has appeared on a wide range of global news channels such as Bloomberg, BBC, Reuters, CNBC, MSN, Sky TV, Channel News Asia and the New York Times, among others.
Without sounding like a broken record, the danger is most definitely that Chairman Powell disappoints (on expectations he will signal more rate cuts).
Gold could be a significant beneficiary of a Powell disappointment tomorrow, with the resulting stampede out of bullish equity and rates trades potentially benefiting haven assets.
Oil is set to trade quietly today as it's all about the Jackson Hole (meeting) tonight.