Tepid EUR/USD bounce so far The world’s most popular pair has been breaking down through big figures and key support over the past few sessions as the hawkish Fed twist rumbles on. Huge position adjustment and a short squeeze in …
The yen has been relishing the volte-face by the Fed as it finally wakes up bond markets to rising price pressures and rates. It has been the strongest major in the wake of last week’s FOMC due to long end …
The commodity complex has suffered this week with a double cocktail of the hawkish FOMC meeting and reports that China is preparing measures to ease price pressures in industrial metals. With such overt intervention in commodity markets, CAD, AUD and …
The dollar continues to firm broadly after the Fed’s hawkish fireworks. The FOMC’s greater conviction around rates rising sooner than expected means tapering is on the horizon too. Consensus may have been wrong on yesterday’s call, but the Fed is …
It seems the hawks are ruling the roost pre-FOMC with expectations for Chair Powell and the updated dot plot propelling the dollar higher gaining more airspace on the wires. But consensus may be closer to the outcome this time around …
Hawkish Fed: Sell NZD/USD The kiwi has born most of the brunt of the positive dollar momentum being the worst performing major month-to-date and on a one-month basis by some distance. We get Q1 GDP data Thursday morning first thing …
GBP/USD oscillating sideways The more a currency pair tracks sideways, the more the breakout will be large and we get range expansion, often in line with the existing long-term trend. Cable has been trapped in a 1.41-1.42 range more or …
GBP/NZD potential upside looks good GBP/NZD has been in an uptrend since the spike low in mid-December at 1.8523. Since then, prices have been rising at a steady pace with a series of abbreviated higher highs and higher lows. Resistance …
“Super Thursday” has finally arrived with the release of the latest US CPI data plus the ECB meeting, with the press conference slated to start at the same time as the release of the inflation figures. Hopes are high that …
Not too much is expected from the Bank of Canada meeting this afternoon. There is no press conference or policy report and little pressure on the bank to follow up on the April tapering decision. The last two job reports …
