Yen enjoys hawkish Fed

The yen has been relishing the volte-face by the Fed as it finally wakes up bond markets to rising price pressures and rates. It has been the strongest major in the wake of last week’s FOMC due to long end …

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Commod-$ crosses on the radar

The commodity complex has suffered this week with a double cocktail of the hawkish FOMC meeting and reports that China is preparing measures to ease price pressures in industrial metals. With such overt intervention in commodity markets, CAD, AUD and …

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FOMC lights a firework under the majors

The dollar continues to firm broadly after the Fed’s hawkish fireworks. The FOMC’s greater conviction around rates rising sooner than expected means tapering is on the horizon too. Consensus may have been wrong on yesterday’s call, but the Fed is …

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What moves on the Fed?

It seems the hawks are ruling the roost pre-FOMC with expectations for Chair Powell and the updated dot plot propelling the dollar higher gaining more airspace on the wires. But consensus may be closer to the outcome this time around …

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Two trades for a hawkish or dovish Fed

Hawkish Fed: Sell NZD/USD The kiwi has born most of the brunt of the positive dollar momentum being the worst performing major month-to-date and on a one-month basis by some distance. We get Q1 GDP data Thursday morning first thing …

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Majors review ahead of Fed meeting

GBP/USD oscillating sideways The more a currency pair tracks sideways, the more the breakout will be large and we get range expansion, often in line with the existing long-term trend. Cable has been trapped in a 1.41-1.42 range more or …

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Two NZD crosses near to breaking

GBP/NZD potential upside looks good GBP/NZD has been in an uptrend since the spike low in mid-December at 1.8523. Since then, prices have been rising at a steady pace with a series of abbreviated higher highs and higher lows. Resistance …

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USD/JPY and EUR/USD on the radar

“Super Thursday” has finally arrived with the release of the latest US CPI data plus the ECB meeting, with the press conference slated to start at the same time as the release of the inflation figures. Hopes are high that …

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CAD pairs to watch on BoC day

Not too much is expected from the Bank of Canada meeting this afternoon. There is no press conference or policy report and little pressure on the bank to follow up on the April tapering decision. The last two job reports …

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CHF pairs catching the eye

While there’s much talk of low volatility in FX and stock markets with measures of price movement (Implied Volatility) back below pre-Covid levels, two CHF pairs are moving today. EUR/CHF breaking down EUR/CHF has been stuck in two sideways ranges …

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