Markets quiet while awaiting FOMC decisionDec 29, 2017 - By Nick Twidale
The markets experienced relatively low volatility last night as participants are awaiting the decision from the FOMC tomorrow morning to guide their trades into year-end. While there were some data releases last night, the highest impact data is still ahead of us into the back-end of the week.
Dollar recovers after NY terror attackDec 27, 2017 - By Nick Twidale
We had a couple of big events that moved the markets yesterday on what many had predicted to be a quiet start to the week. An attempted terrorist bomb attack in New York City during the commuter rush hour fortunately resulted in very low injuries and no fatalities but we did see some safe haven buying across the currencies.
Dollar hit after dovish fedDec 27, 2017 - By Nick Twidale
The much awaiting Fed meeting came and went this morning with the well anticipated 25 bps hike taking place. The dollar took a hit on the statement as the Fed came out slightly more dovish than some market participants were hoping with the dollar index down 70 points on the day.
Currencies remain range bound after central bank heavy dayDec 27, 2017 - By Cindy Xu
We’ve seen the currencies consolidate in recent ranges over the last few sessions as they have digested the impact of 4 central bank rate announcements and some significant tier 1 data releases. All the central banks have stuck pretty much to their scripts with no surprises coming
Whippy markets as US tax reform goes down to the wireDec 27, 2017 - By Nick Twidale
The Dollar was off overnight as we are well into Christmas trading conditions, which we often see big moves with little rhyme or reason. We could put the pullback in the dollar down to Tax bill worries, but it looks like Trump’s government will get their first major victory in the dying days of the year.
US tax plan encounters teething issues. Euro higher on yieldsDec 27, 2017 - By Cindy Xu
We saw Dollar buying in some pairs overnight as the US House of Representatives passed the final version of the US Tax plan, however, after the vote, it came to light that some clauses violated Senate Rules. This meant that the bill couldn’t go to the final stage of Senate voting,