FOMC moves closer to tightening: A couple 'means two' - The ASX 200 look set to rocket higher this morning on the back of short covering and a surge in US...

David Scutt

Scutt Partners

FOMC moves closer to tightening: A couple 'means two' - The ASX 200 look set to rocket higher this morning on the back of short covering and a surge in US equities with SPI futures pointing to a gain of 62pts on the open. While broad-based gains are likely it will be interesting to see whether the move can be sustained given implications for global capital flows as a result of this morning's FOMC policy decision. Adding intrigue to today's session it's also index options and futures expiry. Over the course of 2014 the index has finished higher on expiry on 82% of occasions.(VIEW LINK)


David Scutt
Independent Market Strategist
Scutt Partners

David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest...

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