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Focus On FOMC

FX markets were steady ahead of key event risk in the North American session today with most majors slightly up against the dollar as traders prepared for the FOMC decision at 16:00 GMT.
In Asia, the Australia CPI data came inline at 0.5% vs. 0.5% eyed having very little impact on Aussie as the inflation news essentially confirmed a steady as she goes monetary policy by the RBA which is seen to be on pause for now at least until December. The Aussie held firm rising to .6875 in European dealing.…
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G10 FX Week Ahead: 21-26 Otc. 2018

@FxCox
Italian overhang Ongoing budget discussions between Rome and Brussels will dominate the week - especially with the overhang of sovereign ratings.
The key decision here will come from S&P after the close on Friday (Oct 26th), suggesting EUR/USD upside will be limited.
Strong 3Q18 US GDP should keep the dollar bid and central bank meetings will be key for EUR, CAD, SEK and NOK

EUR
The US data highlight will be 3Q GDP, with another strong outcome looking likely. Consumer spending continues t…
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Why USD/JPY Popped Yesterday?


Good Morning All;

Dollar bulls came charging back today and they took the greenback higher against all of the major currencies. The biggest gainer was USD/JPY, which experienced its largest one-day rise in 4 months. There are at least 3 reasons to explain the comeback in the dollar. First and foremost, investors were relieved that Hurricane Irma did not cause as much damage to Florida as Harvey did to Texas. Up until the very last moment when Irma barreled towards Florida as a Category 5 hurric…
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Not much to look at this week at the open

Not much to look at this week at the open. Good Morning;
traders continue to be ultra-sensitive with every news announcement and talking head statement.
Look for the same drivel from the ECB and the Fed until they actually put their the speculation into decisive action. Until then, Markets will remain choppy and squeamish.
Stay alert.
@fxcox on twitter
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Fx Pre_Morning Uk-Market Brief

Buongiorno;vista l’assenza di veri passi avanti nella questione dell’insolvenza greca, la propensione al rischio è stata contenuta. Tuttavia, poiché i mercati USA erano chiusi per festività, la capacità dei mercati di reagire ai negoziati greci è stata limitata. Gli indici azionari asiatici hanno avuto un andamento contrastato: il Nikkei ha ceduto lo 0,01%, mentre il Composite di Shanghai e l’Hang Seng hanno guadagnato rispettivamente lo 0,15% e lo 0,71%. I dati cinesi hanno mostrato che, nelle …
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Any Majors Fx

GBP Starting off the week in Washington, BoE Governor Carney warned that bankers’ behaviour needs to change. Senior bankers have been complaining with new rules that could make them criminally liable for “reckless misconduct” and could face jail time. Carney suggested that all senior bankers who felt these changes were too harsh should resign. Soft inflation data last Tuesday caused a Sterling sell off that continued through Wednesday leading to monthly lows in the GBP/EUR pairing of 1.2433. A…
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