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ECB Decision Preview
Later today, we get the European Central Bank decision. The Euro has already been feeling better in the aftermath of Wednesday’s Fed meeting in which the central bank opened the door to the possibility of a pause on rate hikes. Special Report
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Fed opens the door to a pause
The Fed decision has come and gone. The net result is a central bank that delivered a 25 basis point hike as expected, while seemingly being more open to the possibility for a pause going forward. Audio Update Technical highlights EURUSD Sights set on fresh upside GBPUSD Setbacks should be supported USDJPY Possible bottom forming […]
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FOMC Policy Decision Preview
Later today, we’ll get the always highly anticipated event risk in the form of the FOMC policy decision. The broad consensus heading into the meeting is that the Fed will indeed go ahead and raise interest rates another 25 basis points into the range of 5.00-5.25%. Special Report
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Market sentiment heads south
Things are looking shaky out there as we come into Wednesday. Turmoil in the banking sector and stress around the US debt ceiling deadline have intensified investor concerns and the resulting price action has seen both stocks and the US Dollar trading lower. Audio Update Technical highlights EURUSD Sights set on fresh upside GBPUSD Setbacks […]
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Europe returns from long holiday weekend
We get back to fuller market conditions on this Tuesday as Europeans return to their desks following the May Day holiday long weekend. As we look out there at the state of markets, it’s the Yen and Australian Dollar that stand out on the currency front. Audio Update Technical highlights EURUSD Stalling out above 1.1000 […]
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Proceed with caution
As we come into the new week, it feels as though the market has been less concerned about the shakeup in the banking sector, instead focusing on Fed rate expectations. Audio Update Technical highlights EURUSD Extends to fresh yearly high GBPUSD Setbacks should be supported USDJPY Possible bottom forming AUDUSD Signs of major bottom USDCAD […]
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Plenty to take in on Friday
We got an interesting reaction in markets to Thursday’s first tier data out of the US. US GDP came in softer than expected and the core PCE number came in a good deal higher than forecast. Audio Update Technical highlights EURUSD Extends to fresh yearly high GBPUSD Setbacks should be supported USDJPY Possible bottom forming […]