Tag Archives: FOMC
Morning FX Market Commentary
Fed decision may trigger next directional move of the USD On Tuesday, most major USD cross rates held close to recent levels ahead of the Fed.
Daily FX Wrap and Strategy
The NZD stands out as not only being the strongest performing currency over the past 24 hours, but also one of only a few to actually move in the languid pre-FOMC trading conditions.
FX Daily Strategist: US
Stay long USD heading into FOMC meeting The July Treasury TIC portfolio flow data on Tuesday will be of some interest as we await the FOMC on Wednesday.
US Morning Update
Major Overnight Headlines • UK headline YoY CPI at 2.7% in August (in-line) as transport and clothing costs weigh; core unchanged at 2.0%
FX Daily Strategist: Europe
FOMC Announcement to support the USD News of Larry Summers’ withdrawal from consideration for the position of Chairman of the Federal Reserve has led to USD weakness overnight.
Daily FX Wrap and Strategy
The NZD/USD spent most of Friday’s offshore trading session consolidating above 0.8100. Globally, currency markets struggled a bit for direction.
Global FI Strategy – A September to remember
Market talk With less than a week to go before the long-awaited September FOMC meeting, the market is finding itself in a wait-and-see mode.
US Morning Update
Major Overnight Headlines • Trade-weighted GBP rises to 8-month high in London; UK unemployment rate falls to 7.7% in July
FX Daily Strategist: US
Data keeps bearish EURGBP momentum intact The highlight of the European economic data this morning is the UK services PMI which held up at very robust levels, registering a slight increase to 60.5.
FX Daily Strategist: US
Q2 GDP a downside risk for CAD CAD has come under selling pressure as crude oil prices slipped by nearly 2%.
US Morning Update
Major Overnight Headlines • Conditions stable in London; European equities up as developing market currency losses fail to accelerate
FX Daily Strategist: Europe
Chinese PMI rebound fails to support Asian FX China’s flash PMI (HSBC) surprised positively in August, rebounding by 2.5ppt to 50.1, a four-month high.