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  • Article / 7 hours ago

    FX Board: FOMC is make or break for USD

    Head of FX Strategy / Saxo Bank
    FX Board: FOMC is make or break for USD
    The USD is presenting an inconsistent picture ahead of the FOMC meeting tomorrow as risk appetite swings have dominated proceedings. But the greenback almost can't help reacting strongly to tomorrow's FOMC statement as we are close to several key USD support and resistance levels.
    Read the article
    thewickedwiz thewickedwiz
    Perhaps,but we could just as easily consolidate further.
    When stocks are weak USD seems to pause!
  • Editor’s Picks / 8 hours ago

    Has Wall Street given up on a September hike?

    A majority of CNBC-polled investors and analysts continue to expect a September rate hike from the Federal Reserve, but the naysayers are gaining ground. According to the financial news site, just over half of its latest survey's 35 respondents say the rate hike will come in September, down from 63% in the prior survey. "The market seems to be saying 'No' even as the Fed is saying 'Yes' to a near-term rate hike" noted respondent Kevin Giddis of Raymond James/Morgan Keegan , while CNBC's Steve Liesman pointed to global growth concerns as supporting the dovish case. A growing minority of respondents are even turning bearish on the domestic US economy, with 17.4% of the surveyed analysts and economists saying they expect a US recession in the next 12 months, up from 15.1% in the previous survey
    Read article on CNBC
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  • Calendar event / 8 hours ago
    Med 10-City Idx, M/M%
    Med 10-City Idx, Y/Y%
    Med 20-City Idx, M/M%
    Med 20-City Idx, Y/Y%
    Med National Idx, M/M%
    Med National Idx, Y/Y%
  • Article / 9 hours ago

    Economics trumps politics in FX

    Head of Trading / The ECU Group plc
    United Kingdom
    Economics trumps politics in FX
    Today we look at the major events of the week, namely the Q2 GDP releases for the US and UK and the FOMC meeting, and share our expectations for the events and implications for currency markets.
    Read the article