Tag Archives: fx

20 July. Trump comments on Fed policy send jitters through markets. Quiet calendar ahead. Focus on Twitter!

  It has been a volatile day, with the first half of the session being dominated by US$ strength, putting pressure on the other majors as well as the metals and oil. That swiftly turned around after comments from Donald Trump, who criticised the Fed’s interest-rate increases, breaking with tradition of avoiding comments on monetary policy by saying… Read More »

18 July: US$ and stocks higher on Powell’s upbeat testimony. EU, UKI CPI today. More from Powell later.

  Both the US$ and stock indices closed higher on Tuesday as Federal Reserve Chairman Jerome Powell expressed an optimistic view on the outlook for the US economy, while some solid earnings bolstered the outlook for a robust reporting period, allowing the Nasdaq to close at an all time high. Treasuries were unaffected by Powell’s upbeat view of… Read More »