The forex market plays a waiting game

The much weaker than expected Richmond Fed manufacturing could not even dent USD bullishness (index -2 vs +8 expected). You can't really be too USD bullish either, because if the FOMC policy statement tomorrow turns out to be less hawkish than expected, the record USD longs...

USD's taking a break after yesterday's sprint

If you have stayed away from your trading desk last night, and returned this Asian morning, you would not have noticed anything different on the currency charts. The market hardly moved overnight, and it has been a rather lifeless US session, after USD made all of its gains...

To raise or not to raise, that is the question

Are traders back to hoping for US rate hikes by the Fed again, barely after they have been speculating about possible rate cuts? Not too long ago (weeks ago), no rate cut = good for USD. Seems like US bulls are getting more greedy this time round. They want rate hikes,...

Temporary truce between US bulls and bears?

No surprises from BOJ's Governor Fukui's words today when he said that the BOJ "will support sustainable growth under price stability by conducting appropriate monetary policy while carefully checking economic and price conditions." He said the economy is expanding gradually...

Important news to move the market today

San Francisco Fed President Yellen made dovish comments that the economic data point to a noticeable slowdown in the economy. She thinks that inflation may decline faster than expected and says that keeping monetary policy steady for a while is a sensible approach (that means...