23 July: A quiet session as traders look towards Thuersday’s ECB meeting. UK to announce a new PM today.

  Markets are generally little changed on Tuesday morning as traders stand aside while waiting on the policy decisions ahead from the US Fed and the ECB, due in the days ahead. Most FX pairs are pretty much unchanged, although Sterling was under some mild downside pressure on Monday as the UK’s conservative MP’s voted on who will… Read More »

The post 23 July: A quiet session as traders look towards Thuersday’s ECB meeting. UK to announce a new PM today. appeared first on FXCharts.

22 Jul: US$ firm after WSJ hints at a 25bp Fed cut on July 31. ECB Meeting, Brexit & US Q2 GDP in focus this week.

Friday reversed the moves of Thursday, when the US$ and metals had weakened on the back of the dovish comments from the Fed’s William’s, who had hinted at a more aggressive easing plan  from the Fed than had previously been expected.  Instead, after a mostly consolidative session on Friday, some late headlines saw the dollar regain some ground,… Read More »

The post 22 Jul: US$ firm after WSJ hints at a 25bp Fed cut on July 31. ECB Meeting, Brexit & US Q2 GDP in focus this week. appeared first on FXCharts.

19 Jul: Dovish Fed talk leads to lower US$, higher metals prices as market prices in 50bp cut in July.

  Dovish comments from the NY Fed President, Williams, has sent the US$ lower and the metals sharply higher on Thursday, leaving the market to now begin pricing in some more forceful action at the July 30/31 FOMC meeting, than had previously been expected. Williams was quite strident about why the Fed needs to be thinking about an… Read More »

The post 19 Jul: Dovish Fed talk leads to lower US$, higher metals prices as market prices in 50bp cut in July. appeared first on FXCharts.

18 Jul: FX steady, metals up, oil, stocks lower. IMF warn of overvalued US$. Australian jobs data ahead. UK R/S later.

The FX markets have ended Wednesday having traded within a tight range, with the US dollar ending mildly softer, but leaving the action to the commodity and stock markets.  The dollar was unable to make any headway after the IMF released a report stating that the US dollar is overvalued, suggesting that  the US$ exchange rates is 6%… Read More »

The post 18 Jul: FX steady, metals up, oil, stocks lower. IMF warn of overvalued US$. Australian jobs data ahead. UK R/S later. appeared first on FXCharts.

17 Jul: Strong US R/S underpin the US$, yields. WTI -3%. Gbp lower on Brexit no-deal prospect. UK/EU CPI in focus today.

  It has been a busy news day, providing plenty of volatility across the different asset classes. First up, the US June Retail Sales came in much better than expected, at 0.4% mm in June, above expectation of 0.1%, while the ex-auto sales also rose 0.4%, above expectation of 0.1%. The GDP-feeding control group component rose by a… Read More »

The post 17 Jul: Strong US R/S underpin the US$, yields. WTI -3%. Gbp lower on Brexit no-deal prospect. UK/EU CPI in focus today. appeared first on FXCharts.