The next few days brings the potential for heightened volatility across FX markets, as tomorrow’s Fed meeting leads into Thursday morning’s ECB rate decision.
Far more potent FX-specific catalysts like US CPI, UK CPI, and the FOMC and ECB rate decisions will come across the wires in the next 48-hours.
Markets are discounting the headline risks of the Trump-Kim meeting in Singapore, and any news of trade tensions easing could help USD/JPY to rally alongside FOMC’s expected hike and BoJ policy divergence.
Next week, we have the ECB meeting on Thursday following the FOMC on Wednesday; euro positioned to pullback and try and hold support for another leg higher.
It was a counter trend kind of week in FX-land as the US Dollar pulled back while EUR/USD saw a short-squeeze. But next week brings pivotal rate decisions from both the Fed and the ECB, […]
The single currency continues to recover as we approach the one-two combo of next week’s FOMC and ECB rate decisions, set for Wednesday and Thursday. Will prior themes of USD weakness and Euro come back […]
US Dollar has moderated following the plunge in rate hike expectations for 3 additional rate rises by the FOMC. Key US data in the form of PCE and NFP could dictate near-term price action.
Buckle in for an action-packed holiday-shortened week brimmed with essential events, none more significant than the May employment report particularly in light of the recent dovish conversation on wage growth in the May 2 FOMC […]
Between February and April the markets were hit by increased geopolitical tensions and concerns over trade wars. Having seemingly been put to bed, these tensions have resurfaced in recent days, leading to markets taking on […]
Federal Reserve officials at their meeting earlier this month signaled they were likely to raise their benchmark short-term interest rate at their June meeting, and they debated how to characterize an evolving policy strategy that […]