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  • Squawk / 48 minutes ago
    -
    United Kingdom
    Thursday July 30 #FX technical sentiment:
    #USDCHF ▲
    #CHFJPY ▼
    #NZDCHF▲
    #EURNZD ▼
    #MOFuturesFX
    Read the Squawk
  • Squawk / 49 minutes ago
    -
    United Kingdom
    W31 FX daily update:
    #NZD 1.13 %▼
    #CAD 0.45 %▲
    #GBP 0.31 %▲
    #AUD 0.04 %▼
    #EUR -0.27 %▼
    #USD -0.29 %▲
    #JPY -0.46 %▲
    #CHF -0.91 %▼
    #MOFuturesFX
    Read the Squawk
  • Squawk / 3 hours ago
    Head of FX Strategy / Saxo Bank
    Denmark
    FOMC Statement: the first impulse was a slightly dovish read for this statement, as there were only incremental adjustments to the language describing the economy in the initial headlines and the addition of the word "some" to describe how much employment needs to improve before the Fed moves on rates. Still, a closer inspection shows that the language describing the labor market was relatively strongly upgraded, and the addition of that "some" suggests that the Fed isn't looking for that much more improvement in the jobs numbers before moving on rates, so this leaves the timing of the first Fed rate hike entirely open and highly dependent on incoming data - in other words, September hike is still a possibility if July and August data cycles show "some" further improvement. USD coming back stronger after a knee-jerk selloff.

    See the changes to the statement snapped with Microsoft Word's Compare document tool
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    3h
    John J Hardy John J Hardy
    Fed funds futures back to unchanged after trying to tick a bit higher - market frustrated here as it is wanting a signal, but not getting one...
    3h
    John J Hardy John J Hardy
    WSJ's Hilsenrath's take on #FOMC statement: inflation a concern even if Sep still on the table: http://www.wsj.com/articles/fed-stands-pat-on-rates-sees-job-progress-1438193144
    2h
    fxtime fxtime
    Yellen has adopted Draghi-esque policy of jawboning only.
  • Calendar event / 4 hours ago

    US U.S. interest rate decision

    forecast
    actual
    High FOMC Vote For Action
    10
    High Fed Funds Rate-Range High
    0.25
    High FOMC Vote Against Action
    0
    High Fed Funds Rate-Range Low
    0
  • Article / 7 hours ago

    FX Board: GBP sprinting as USD stalls

    Head of FX Strategy / Saxo Bank
    Denmark
    FX Board: GBP sprinting as USD stalls
    Markets are eyeing the Federal Open Market Committee nervously as the USD remains poised close to support in several pairs. GBP is doing its own thing at the moment, as the bulls are off and running with EURGBP and GBPUSD testing important levels.
    Read the article
  • Squawk / 7 hours ago
    Head of Macro Strategy / Saxo Bank
    Denmark
    US pending home sales miss in June, decline 1.8%:

    Analysts had penciled in a modest increase of 0.9%, but instead pending sales of existing homes fell 1.8% m/m in June while May was revised a bit lower to 0.6%. Despite the monthly decline the annual change in pending home sales rose to 11.1% last month from a revised 7.9% in May.

    Pending home sales lead existing home sales by 1 to 2 months.

    Homebuilders (XHB) have outperformed the S&P 500 index so far this year.
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  • Calendar event / 8 hours ago

    US Pending Home Sales Index

    forecast
    actual
    Med Pending Home Sales
    110.3
    Med Pending Home Sales Idx , Y/Y%
    +8.2%
    Med Pending Home Sales Idx, M/M%
    +1%
    -1.8%