Tag Archives: FOMC

6 Apr: A volatile ride but FOMC minutes send dollar/stocks lower. Trump-Xi meeting ahead today.

  It has been a fairly quiet session for the most-part on Thursday, at least until the release of the FOMC Minutes, which confirmed that the Fed is considering letting the balance sheet start to run off, without explaining how it will do it. The reaction was mixed, with stocks showing the most interest by spiking higher before… Read More »

16 Mar: US$ spikes lower, stocks/commodities higher, after a dovish interpretation of the Fed outlook

  Stocks are higher, while the dollar has spiked sharply lower on the dovish interpretation by the market of the Fed’s outlook for the remainder of the year, after having raised rates by 25bp at today’s meeting. The disappointment comes from effectively no upward revision in the projected rate path from the previous readings. The median projection of… Read More »

15 Mar: US$ mixed ahead of today’s FOMC. WTI bounces from new trend lows after inventory drawdown

  The US$ is mixed today after stronger than expected US inflation data, with the headline PPI climbing by 0.3% mm and 2.2% yy in February, compared to the previous month’s 0.6% mm and 1.6% yy, while beating expectations of 0.1% mm and 2.0% yy. In other currencies, Sterling sold off once again on Brexit issues, with Scottish… Read More »

14 Mar: US$ rangebound, stocks sideways as focus looks towards the Fed. China RS/IP, German CPI, EU IP today

  The dollar has ended up mixed, within a fairly narrow range against the major counterparts, while stocks have slipped a little as traders jockey for position ahead of Wednesday’s FMC Meeting at which a rate hike is now pretty much fully written in. The main action in the currency markets was seen in Sterling, which showed some… Read More »

Trade Idea, 9 Mar: Sell AUDUSD

These market alerts are provided as part of a trial basis only. To continue to have access to alerts at the end of the trial register at fxcharts. AUDUSD Sell 50% @  Market (0.7527) Sell 50% @  0.7570 SL @ 0.7610 TP @ 0.7450 The Kiwi has already broken sharply lower against the US$ and it looks as though… Read More »

9 Mar: Forecast: FX: US$/Majors

  EURUSD: 1.0546 The Euro is under some pressure today against the generally stronger dollar, although the range has been tight as traders await the outcome of today’s ECB Meeting. No change is expected to policy and the direction will come from ECB Governor, Mario Draghi‘s outlook. The momentum indicators still look pretty neutral and a cautious stance… Read More »