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FOMC Preview
The market is bracing for yet another critical FOMC rate decision due in just a bit. While no change is expected on rates, it will all boil down to the tone of the monetary policy statement. Data over the past several weeks has been notably soft and it…
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Daily FX Market Commentary
Good morning, LMAX Close USDJPY 118.872 | EURUSD 1.09812 | AUDUSD 0.80229 | NZDUSD 0.77254 | USDCAD 1.20316 | USDCHF 0.95569 | GBPUSD 1.53397 |  Interbank Ranges as of 6am London time Highs   Lows USD/JPY              118.89 | 118.76 EUR/USD            1.09815 | 1.09595 EUR/JPY              130.595 | 130.28 AUD/USD           0.8026 | 0.7980 NZD/USD            0.7737 | […]
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Market Short US Dollar Ahead of Key Event Risk
Not a lot of relief for the Dollar in recent trade, with the Buck continuing to take its hits as participants angle for a more dovish Fed. But now that Fed day is upon us, there is risk for a USD short covering rally if the Fed maintains its stance. US…