So what do have to go on as European traders arrive at their desks ? Well, levels that leave the next moves delicately poised imho USDJPY has a raft of offers between 104.00-10, EURUSD decent support between 1.3200-25, GBPUSD with … Continue reading
1. The headline most traders saw: Many Fed officials said job gains might bring rate rise sooner What the statement actually said: Many participants noted that if convergence toward the Committee’s objectives occurred more quickly than expected, it might become … Continue reading
The US dollar is slightly bid as the minutes wind down toward the FOMC minutes. Similar to on Monday what stands out is the inability of cable to rally on good headlines. The post-BOE minutes bounce is nearly erased as … Continue reading
The minutes of the July 29-30 FOMC meeting are due out at 1400 GMT (2pm ET) Let’s start with the links: The July 30 FOMC statement The redline from the most-recent statement The minutes of the June 17-18 meeting Here … Continue reading
At 1800 GMT, it’s central bank minutes MKII as the Fed opens up the aviary. We get another chance to see a shift in central bank rhetoric tonight as the FOMC release their minutes from the July 30 meeting. Once … Continue reading
I posted a little earlier what CitiFX are looking for from the FOMC Minutes and Jackson Hole. Some more brief comments from around the place: Deutche Bank: On Yellen at Jackson Hole: “Yellen has been focusing on alternative measures of … Continue reading
When is the Fed’s Jackson Hole symposium? This year it takes place from August 21 to August 23. The schedule will be released Aug 21 but might leak out early. The Jackson Hole event is often a time when the … Continue reading
Marketwatch has a good feature showing when each of the 17 Fed members expect the first rate hike.
Forex headlines for July 29, 2014: Fed: Sees significant underutilization of labor resources Fed: Inflation has moved somewhat “closer” to long-run objective Fed repeats that accommodative policy to be appropriate for “considerable time” after asset purchase program Full text of … Continue reading
The US dollar has given back all or most of the post-GDP gains against the euro, pound and commodity block.