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On Monday, data out of the Eurozone and UK was better than expected, while data out of the US disappointed. However, none of that mattered when looking at where things settled, with the US Dollar broadly in demand. read report
As highlighted in Friday’s US jobs report preview, the impact from the results was going to be less dramatic on account of the Fed Chair downplaying any need to move in either direction on rates at the current time. Still, risk sentiment has held up well, helped along by positive updates on the US-China trade deal front. read report
We’re into a new month as the week comes to a close and it’s been a rather busy week as far as event risk goes. The market continues to digest the latest Fed communication and will now look ahead to today’s monthly employment report, which is expected to command most of the attention. read report
We had said economic data ahead of Thursday’s Fed decision wasn’t going to mean all that much, and this proved to be the case, with all of the positive US Dollar momentum from a solid round of US GDP data fizzling out after the Fed Chair said the central wasn’t thinking of raising rates. read report
Wednesday’s calendar is quite active, though at the same time, market participants won’t be wanting to get too aggressive to any releases on the economic calendar, with the Fed decision hanging in the balance. read report
