Market holidays make for a slower start to the new week
That is keeping the overall mood more muted so far today. In the UK, it is the spring bank holiday and in the US, it is going to be Memorial…
Read More »Chinese fighter jets reportedly carrying live missiles in Taiwan drills
It is also being reported by the Chinese state media that China has sent out dozens of fighter jets and conducted mock strikes in targeted areas in the region. This…
Read More »The wait continues..
That will once again make for a quieter session in Europe, barring any surprise headlines. The dollar is little changed currently, after having traded more mixed yesterday. Meanwhile, US stocks…
Read More »We got a teaser yesterday of what to expect in trading next week
It was a quiet one yesterday up until the release of weekly jobless claims in the US. The release here was weaker than estimated and that kicked off more fears…
Read More »It is shaping up to be another one of those days
Besides some of the typical yen volatility as of late, major currencies are in a pretty dull mood today. The ranges for dollar pairs speak for themselves as seen below….
Read More »How is the Fed outlook shaping up after the FOMC meeting and Powell’s presser?
There were fears of a more hawkish leaning by the Fed going into the FOMC meeting yesterday. But the statement language itself didn’t offer up too much and Powell also…
Read More »It is a market holiday in Europe today
European markets will be closed today in observance of Labour Day. As such, it should be a quieter session before we get to US trading later. London will be open…
Read More »The Easter bunny is still out to play in trading today
Major currencies are caught in a lull, not much changed to start the new week. It owes in part to a lack of interest as the Easter break is still…
Read More »FX stays rather muted so far on the day
You can always get a sense of what a lull it is when EUR/USD is trading within a 10 pips range on the day. The dollar was slightly softer in…
Read More »Dollar resilience draws in a couple of key technical questions
The market reaction to the post-Fed reaction seems to be “oops, we might have overreacted”. The dollar stormed back in trading yesterday and has completely erased the drop on Wednesday….
Read More »