The Latest in Forex News & Analysis.

Fed Rate Announcement

By | June 13, 2018 2:12 pm | 0 Comments

The Fed implemented a rate hike of 25 basis points as expected. The original thought was that we would see 3-4 rate hikes in 2018, it now seems that we will see 4.

If we look at the Dot Plot, the Median moved from 2.125 to 3.125 on the back of the rate announcement which offers us a more Hawkish tone from the Fed going forward.

A kneejerk reaction of Dollar strength in the moments after the rate was announced.

FOMC press conference to follow at 2:30pm.

Dollar Falls Prior to Federal Rate Outcome

By | 11:52 am | 0 Comments

dollar

Dollar Declines

Dollar slides as the Federal Reserve’s rate outcome comes closer.

US dollar strengthens ahead of Fed rates tomorrow afternoon

By | June 12, 2018 4:02 pm | 0 Comments

Uneventful market reaction for a historic meeting between President Trump and Kim Jung Un.
The two signed a pact pledging peace and committing work towards denuclearization of Korea.
Rejected proposal to remove Brexit date, keeps it official at March 29th, 2019.
We saw dollar strength as the greenback made gains in pairs across the board on the back of the 30 year bond auction. Sending Eurodollar lower, Dollar Yen higher and essentially erasing the gains GBP/USD made earlier this morning.
All signs still pointing to the Fed raising rates tomorrow at 2:00PM EDST.
UK Consumer Price Index announced 4:30am EDST, considered most significant inflation data.

Cyber security & G7 complications, Trump to meet Kim Jung Un

By | June 11, 2018 4:18 pm | 0 Comments

Continued cyber security questions cause cryptocurrency tumble, ahead of billions wiped from hackers in South Korea.
GBP slips on weak manufacturing data, Euro equities up as Italy pledges to stay in Euro.
G7 chaos while meetings come to an end, sides seem to be getting further apart.
All eyes on President Trump and Kim Jung Un as they are set to meet at 9:00PM EDST tonight.

Sterling Drops due to Poor Reports

By | 11:50 am | 0 Comments

GBP

Sterling on the decline

Sterling slides due to historically bad reports on factory output.

June 11 week schedule

By | June 8, 2018 3:32 pm | 0 Comments

Extremely busy week with several important events across the globe.

Tuesday June 12: US-North Korea Summit in Singapore

Wednesday June 13: FOMC meeting

Thursday June 14: ECB meeting, and World Cup Soccer open

EURUSD maintaining momentum ahead of G7 meetings

By | June 7, 2018 4:37 pm | 0 Comments

EURUSD broke above the 1.18 mark and stayed there through most of the day.
The Brazilian Real continues to fall as a result of its weak equities caused by labor strife, economic uncertainty and political corruption in the presidential election.
President Trump and PM Abe met at the White house today to talk about improving trade relations, as well as the meeting with North Korea next week.

Canadian employment data tomorrow morning at 8:30.
Canada is also holding G7 meetings in Quebec this weekend.

Euro Increases to Three Week High

By | 4:36 pm | 0 Comments

Euro

Euro Still on the Rise

Euro improving due to expectations of the European Central Bank.

Midweek update

By | June 6, 2018 4:07 pm | 0 Comments

Euro had a strong day, coming off the heels of positive talk from various ECB officials.
Mexico has responded to Trump’s tariffs by imposing their own tariffs against the US, worth up to 3 billion dollars on products including pork, apple, potatoes, bourbon and cheese.
US equities remain strong , Tesla stock up 7% after a vote of confidence from shareholders

United States Dollar Declines Due To U.S. Data

By | 4:02 pm | 0 Comments

United States

United States Dollar on the Decline

Due to recent data, the United States dollar dipped on Wednesday.

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