Forex Analysis
JPY Mid-day Analysis
The December Yen remains on the defensive after yesterday’s negative turnaround, and in spite of the Fed’s tapering inaction this week it may be looking at a new weekly low later in today’s session.
USD Mid-day Analysis
The Dollar has been able to consolidate yesterday’s rebound, but for the moment is showing little inclination to make any large move away from the post FOMC meeting lows this morning.
Morning FX Market Commentary
No follow-through price action after Fed-decision On Thursday, EUR/USD traders experienced a remarkably calm trading session as EUR/USD settled in the mid 1.35 area.
The Global Macro Pulse
Overnight Price Action The 0.2% dip in the S&P overnight and 0.1% fall in S&P futures in Asia stalled those Asian equity markets that traded today.
FX Daily
Market movers today * Euro area September consumer confidence is due for release. We expect an aboveconsensus improvement.
EUR Mid-day Analysis
The December Euro continues to follow-through to the upside this morning, and has been one of the major beneficiaries of the Fed’s tapering inaction yesterday afternoon.
CHF Mid-day Analysis
The December Swiss built onto yesterday’s sizable gains and climbed above the 110.00 level for the first time since February,
JPY Mid-day Analysis
The December Yen’s post-FOMC meeting strength only lasted a few hours, as prices have fallen all the way back to pre-Fed levels early this morning.
USD Mid-day Analysis
The Dollar remains under moderate pressure this morning while showing few signs of starting any sustained recovery move,
The Global Macro Pulse
Overnight Price Action Unsurprisingly, most Asian equity markets are up in the wake of the Fed shock. The Nikkei has risen 1.5%, the HSI is up 1.7%,
Morning FX Market Commentary
Fed hammers US dollar The Fed decision not to taper the asset purchases pushed the dollar off a cliff. EUR/USD spiked north of the 1.35 threshold.
USD victim of Fed scrap with vigilantes
• Here are the four main takeaways we got from the Fed: (1) DOVISH. no reason to expand here! (2) AFRAID: the over-arching message seems to be a re-assessment of the impact of higher rates.