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Global FX Insights

Today’s report: Investors Looking to Yellen for Renewed Confidence

Risk sentiment continues to show signs of deterioration and the US Dollar is broadly bid into the latter half of the week, with the fallout still driven off the bearish implications of a lower equity market despite the more dovish Fed decision last week. All eyes on Yellen at 21:00 GMT.   read report

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USD Recovers On Hawkish Rhetoric Post FOMC

Today’s report: USD Recovers On Hawkish Rhetoric Post FOMC

Most of the price action in FX over the past 24 hours has been heavily influenced by hawkish comments from Fed Bullard and Lockhart. Bullard has said there is a ‘powerful case’ for the Fed to hike this year, while Lockhart also believes it is appropriate for the Fed to initiate liftoff in 2015.   read report

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Risk Off Flow Carries Over Into New Week

Today’s report: Risk Off Flow Carries Over Into New Week

It hasn’t been the best recipe for sentiment post last week’s dovish Fed rate decision. While the Fed dovishness leant itself to some initial currency buying, the gains haven’t been sustainable on account of offsetting concern over the outlook for global economy. Japan closed. Plenty of central bank speak today.   read report

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Fed Rocks Boat With Dovish Policy Decision

Today’s report: Fed Rocks Boat With Dovish Policy Decision

Heading into Thursday’s FOMC rate decision, there were two major camps. One camp looking for the Fed to remain on hold with a more hawkish statement, and one camp looking for the Fed to initiate liftoff, while highlighting a very gradual path to normalization. But in the end, this isn’t how it played out.   read report

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Highly Anticipated Fed Day Finally Arrives

Special report: FOMC Preview: 2 Key Takeaways

Today’s report: Highly Anticipated Fed Day Finally Arrives

The highly anticipated Fed rate decision is finally upon us and the market will now anxiously await the result later today. Odds continue to favor a rate hold and this has fueled a bout of profit taking on US Dollar longs in the lead up to the decision. Still, a rate hike should not be ruled out.   read report

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UK Employment, US CPI and FOMC Positioning

Today’s report: UK Employment, US CPI and FOMC Positioning

Although Tuesday’s batch of US data was on the whole softer than expected, it seems the market was comfortable enough with encouraging retail sales components. Looking ahead, UK employment and US CPI are due, though the market will mostly focus on positioning ahead of tomorrow’s FOMC.   read report

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Market Settles In Ahead Of FOMC Event Risk

Today’s report: Market Settles In Ahead Of FOMC Event Risk

Not exactly the most interesting of weeks for FX markets, with currencies confined to choppy consolidation. Most of the attention is on what the Fed will do when it meets next week, and for the moment, rate hike bets have been scaled back modestly from about 30% down to 26%.   read report

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Special report: Bank of England Preview

Today’s report: Investors Struggle With China and Fed, BOE Ahead

As much as the market would like to turn a blind eye to elevated China uncertainty and the prospect of Fed liftoff, it simply can’t. The US Dollar remains well supported on any form of a dip, while Kiwi is underperforming on a more dovish RBNZ. Focus now shifts to the BOE decision.   read report

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