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  • Squawk / Yesterday at 21:05 GMT
    United Kingdom
    Thursday May25 #FX sentiment:
    #AUDJPY ▲
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  • Squawk / Yesterday at 20:55 GMT
    United Kingdom
    W21 #FX daily update:
    #EUR 1.59 %▬
    #NZD 1.43 %▲
    #CHF 0.98 %▼
    #CAD 0.55 %▲
    #GBP -0.9 %▼
    #AUD -1.04 %▲
    #USD -1.27 %▼
    #JPY -1.33 %▼
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  • Squawk / Yesterday at 18:12 GMT
    Head of FX Strategy / Saxo Bank
    FOMC Minutes : reveal a robust discussion of how the Fed will roll out a reduction of its balance sheet, with "almost all" FOMC voters arguing in favour of a 2017 start to quantitative tightening (QT) via "roll-off caps". The minutes mention that an unemployment at or below 4.5% is below the Fed's long run level and suggest that some believe that recent lower inflation is due to transitory factors while others expressed concern on the inflation front. This and the other language is not enough to excite interest in upgrading the Fed's rate hike path as STIR futures rally a basis point or two in immediate reaction and the USD weakens slightly.

    Some might argue that the FOMC minutes are from a meeting that came before all of the recent political noise that has so distracted markets, so the potential impact of the QT discussion may be somewhat reduced until the Fed updates its views at the mid-June FOMC meeting. But let's be wary of believing in the market's initial reaction.
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    John J Hardy John J Hardy
    There is also some focus on language indicating a need to ensure that the recent data slowdown is transitory before hiking again but the USD is already...
    John J Hardy John J Hardy
    So "transitory" is mentioned 9 times in the minutes, 8 times to suggest that the FOMC views recent softer inflation and weak GDP data as likely to...
    Fashionapolis Fashionapolis
    it shows they wan to hike. just need data to support it and cover up their ass
  • Calendar event / Yesterday at 14:00 GMT

    US Existing Home Sales

    Med Existing Sales
    Med Existing Sales, M/M%
    Med Unsold Homes Month's Supply
    Med Median Price (USD)
    Med Median Home Price, Y/Y%
  • 16h
    Fashionapolis Fashionapolis
    As mentioned yesterday, Fed chief Janet Yellen could try to push a bit harder on starting to unwind the balance sheet as she may be in “legacy...
    Jim Earls Jim Earls
    More like "zombie mode" after almost 9 years of sub par 1% Fed Funds Rate-LOL.
  • Article / Yesterday at 7:00 GMT

    Morning Markets: China has the Moody's blues

    Consulting editor / TradingFloor
    Morning Markets: China has the Moody's blues
    Moody's cut China's credit rating to A1 from Aa3 on worries about its growing debt, and Chinese and Australian shares fell on the news, though the reaction was relatively muted. Oil prices firmed on expectations that Opec-led production cuts will be extended at Thursday's Opec meeting.
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  • Article / Yesterday at 5:00 GMT

    3 Numbers: US existing home sales expected to slow

    editor/analyst /
    United States
    3 Numbers: US existing home sales expected to slow
    In terms of both consumer and business climates, Germany seems to be enjoying very good weather lately. In the US, there is conjecture as to whether the fall in new-home sales will be followed by falls in existing ones, but on everybody's minds are Treasury yields, which must certainly pick up ahead of the expected rate hike.
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  • 18h
    John Shaw John  Shaw
    Everything from that White house is sketchy.