The Latest in Forex News & Analysis.

July 9 week schedule

By | July 9, 2018 1:13 pm | 0 Comments

Bank of Canada is expected to raise its official rate by 25bp this Wednesday, OIS market has priced in 91% chance of a 25bp hike.

Thursday’s US June CPI could see some stronger reading on the back of recent higher Oil price, while core CPI is expected to be +0.2% mom.

FOMC Minutes

By | July 5, 2018 3:07 pm | 0 Comments

FOMC Minutes from June meeting is out, modestly hawkish tone overall;

  • Price moves support 2% inflation outlook.
  • Gradual hikes needed amid very strong economy.
  • Gradual hikes could take FF rate above the neutral level sometime next year
  • Important to watch yield curve slope
  • Concerned by risks from a trade war

July 2 week schedule

By | June 27, 2018 7:11 pm | 0 Comments

Quite a busy week except Wednesday July 4th US holiday,

Main focus should be US NFP number on Friday, market forecasting 198k NFP and 3.8% unemployment rate.


Sterling Wanes due to Bank of England Doubts

By | 3:49 pm | 0 Comments


Sterling on the decline

Sterling decreases because of Brexit talks and doubts that the BoE will raise interest rates.

Dull Philly Fed Data Slows Down USD

By | June 21, 2018 3:17 pm | 0 Comments


USD Rally Slowed

USD fading due to weak Philadelphia Fed data.

ECB decision and press conference

By | June 14, 2018 3:17 pm | 0 Comments

ECB left rates unchanged as expected, announced tapering from October to December then end QE by the end of December.

ECB President Draghi’s press conference were more dovish with main comments below;

  • See increasing uncertainties from risks
  • Dont’ want to underplay risks
  • Softer patch seemed to extend into 2nd quarter
  • Expect rates to remain unchanged to at least summer of 2019
  • Did not discuss about the timing of a rate hike

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 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.

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