Forex Analysis
NZD/AUD: Now ”Expensive”, But a Correction Looks Unlikely
The NZD/AUD continues to soar, and today has made fresh 5-year highs above 0.8900.
FOMC Review – As if June Never Happened
The Federal Open Market Committee today refrained from reaffirming the policy expectation of tapering that it instructed Chairman Bernanke to reveal after its June 19 meeting.
US: what to watch for in tonight’s FOMC statement
There will be no press conference nor updated economic projections following tonight’s FOMC statement, which we expect to include only limited new information.
Mid-day FX Market Analysis
USD: The Dollar has recovered from mild pressure early in today’s trading, although prices have stayed fairly subdued in front of critical market events over the next 24 hours.
The Fed Remains the Main Game
Over the next few days the main game for FX markets will be deciphering the latest salvos from major central banks.
Central European Daily
The EUR/HUF tests again the 300 resistance The announcement of Hungarian official leaders from the government about the
The Global Macro Pulse
Most equity markets opened lower ahead of the FOMC with the exception of Chinese shares, which rallied on the back of the China Politburo’s statement overnight.
Morning FX Market Commentary
Dollar still in the defensive ahead of the Fed. The dollar held near the recent lows against the yen and the euro, but there was no trigger to break those levels ahead of the Fed.
August is the time to re-build USD longs
Our positive dollar view has been driven by two factors over the course of the year. First, the re-pricing of the Fed.
What to expect from the July FOMC statement
With the market strongly expecting this course of action, the most likely (and least risky for the Committee) outcome for the July 31 statement
FX Daily
Market movers today • All eyes will be on this evening’s FOMC statement. We do not expect any changes in policy but