Forex Analysis
This Time Around, the FOMC Did Deliver… the Uneventful Communiqué Everybody Was Expecting
The Federal Open Market Committee today kept the target range for the federal funds rate unchanged at 0.0% to 0.25%.
EUR Mid-day Analysis
While able to shake off early pressure, the Euro has shown lackluster price action as it also may bewaiting on the Fed to revive its current uptrend.
CHF Mid-day Analysis
A sizable rebound from l-week lows has helped to lift the Swiss Franc into positive territory this morning,but the market may be looking for
JPY Mid-day Analysis
Positive Japanese economic data has done little to put the brakes on the Yen’s pullback this week, as themarket may be heading towards a retest of its 50-day moving average later in today’s session.
USD Mid-day Analysis
A relatively quiet overnight session helped the Dollar to consolidate this week’s recovery, but it will bedifficult to make further upside progress before today’s critical events are fully digested by the market.
Morning FX Market Commentary
Dollar higher on position squaring Dollar gained ground, as FX investors re-positioned to a more neutral stance ahead of the FOMC meeting.
The Global Macro Pulse
Overnight Price Action The dollar rally continued in Asia, albeit with less momentum in the majors. AUSDUSD dipped to a low of 0.9459, but popped back up to 0.9479.
FX Daily
Market movers today * The statement from the October FOMC meeting is due for release tonight at 19:00 CET.
GBP/USD Analysis
The pair closed in NY Tuesday at $1.6045 after rate had recovered off session lows of $1.6025. Cable had been under pressure for most of Tuesday’s session,
EUR/USD Analysis
ECB’s Nowotny comments that there was little prospect of a rate cut, and although the ECB didn’t like a strong euro, they must live with it, helped euro up to a US high of $1.3813.
AUD/USD Analysis
Aussie witnessed a subdued start in Asia this morning, trapped in an early $0.9477 to $0.9488 range. Aussie-dollar lost some ground after regional stocks opened lower and
USD/JPY Analysis
A subdued session for the JPY this morning with all attention on the FOMC statement tonight. Dollar-yen started near Y98.19 after some decent activity overnight and