Forex Analysis

FOMC minutes review: Fed on course towards policy normalisation

Minutes from the 28-29 October FOMC meeting indicate that Fed officials were not overly concerned about turbulence in financial markets,

While the pressure from residual Dollar strength appears to be waning,

Interest in the upward track on the charts remains in place this morning,

Seeing a rise in the Japan all-industry Index gives the bear camp in the Yen fresh confidence to

A recent pattern of lower highs on the Dollar charts, some what disappointing scheduled data flows and

Talk of a higher inflation target for the BOC seems to have undermined the Canadian and

While BOE dialogue was mostly unchanged from recent expectations there are ideas

Better-than-expected ZEW index supported the region.

For the fourth meeting in a row two of the MPC members, McCafferty and Weale,

Though the Fed will remain reluctant to send a strong signal for now given so many ‘moving parts’ to

The USD strengthened ahead of the release of the Fed minutes with USDJPY breaking to

Today’s most interesting event are the minutes from the FOMC meeting on 29October,