Tag Archives: fx

15 June: Fed hikes rates, maintains outlook. BOE Meeting ahead, with a big US data download.

  It was a tale of two halves today, with the US data (CPI/Retail Sales) missing expectations and sending the US$ lower, ahead of the Fed rate hike which ensured a quick reversal, especially after Janet Yellen was slightly more hawkish than expected. The Fed kept its inflation forecast for 2018 and 2019 unchanged and also maintained its… Read More »

14 June: Strong UK CPI underpins Sterling. Otherwise all on hold ahead of today’s US CPI, Retail Sales & FOMC meeting

  Tuesday has been a choppy & rangebound session, with little direction seen anywhere apart from Sterling which is higher after the UK CPI unexpectedly rose to a 4 year high of 2.9% yy, as traders wait on today’s FOMC outcome. US stocks are a little higher too, trading just below their record highs. Wednesday is going to… Read More »

13-Jun-17: Trend table outlook for FX, Commodities, Indices

Cable seems set for medium term losses on all fronts and therefore selling into any short term strength seems to be the plan. Otherwise it is all rather choppy and looks likely to remain that way until tomorrows, FOMC decision. ————————————————————————————————————————— *Trade of the day: 6/13/2017 8:58 AM (AET) Sell GbpUsd @1.2700. SL 1.2775, TP @ 1.2575 *This… Read More »

13 June: Nasdaq lower, underpins the safe-haven Yen. Cable heavy. US$ mixed ahead of tomorrow’s FOMC decision

  The dollar is mixed against the major counterparts on Tuesday, with Cable lower on the UK political uncertainty while the Yen is stronger, as some mild safe-haven demand appeared following the selloff in the NASDAQ which has continued at the start of the week. Elsewhere it has been mostly choppy, but without much direction, with the Euro… Read More »