Fed Urges PatienceThe June FOMC minutes release last night failed to provide a catalyst for a fresh wave of USD buying. Given the upward revision to the Fed’s dot plot forecasts as well as the upward...
Fed To Unwind Corporate Asset Purchases
SMCCF To Be Unwound Speculation around when the Fed will begin tapering its massive monetary stimulus programme jumped back into focus overnight. In one of the first moves that signal the beginning of...
Market Spotlight: Trading US Consumer Confidence
US Consumer Confidence Forecast to Fall Back US consumer confidence for April is due later today and will be the key data focus over the day’s US session. Given the weaker than expected retail sales...
Market Spotlight: DXY Upside Opportunities
USD Bullish Reversal RisksThe decline in the US Dollar has seen the Dollar index trading lower within a tight bearish channel over recent months. Price has recently broken below the rising trend line...
Market Spotlight: Trading US Inflation
US CPI On Watch The big data focus for markets today, and this week indeed, is the US CPI release for April. Following the 0.6 headline CPI reading over the prior month, the market is forecasting a...
USD Rises On Yellen Rate Hike Comments
Yellen Comments on Rates The US Dollar has seen continued buying across the early European session on Wednesday following comments last night from US Treasury Secretary Janet Yellen. Speaking at the...
USD Upside Risks Into FOMC
FOMC On Watch The main market focus today, and of this week, will be the Fed’s April FOMC meeting which concludes today. Expectations are fairly muted heading into the event with most players...
Powell Sends USD Lower With Dovish Comments
Powell Sticks to Views on Rates The US Dollar remains under pressure over the early European session on Monday, extending the week’s declines, in response to comments from Fed chairman Jerome Powell...
DXY Falls As US Inflation Shows No Fireworks
The latest set of US inflation readings released yesterday came in above expectations. The market had been looking for headline month-on-month inflation of 0.5% and core inflation of 0.2%. Both...
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