close
sdf
FederalReserveBuilding
October 29th, 2014

Today’s hawkish FOMC statement breathed new life into the U.S. dollar and looking ahead, we anticipate further gains in the greenback. From their pre-FOMC levels, the EUR/USD dropped more than 100 points while USD/JPY soared by approximately the same amount. Before the end of next week, we expect EUR/USD to test and break its 2-year low of 1.25 and USD/JPY to test 110. Going into today’s meeting, the Fed was widely expected to end Quantitative Easing but barely anyone anticipated such a significant upgrade to their labor market assessment. In fact, the dollar traded lower ahead of the decision because most market participants were looking the central bank to express concerns about falling inflation expectations...

October 31st, 2014 - Market Drivers for October 31 2014 BOJ shocks the market with expansion of QE USDJPY skyrockets to 111.50 German retail sales dive Nikkei 4.83% Europe .46% Oil $80/bbl Gold $1174/oz. Europe and Asia: AUD AU PPI 0.2% vs. 0.2% JPY BOJ takes QE to 80 Trillion yen EUR GE Retail Sales -...

October 29th, 2014 - Today’s hawkish FOMC statement breathed new life into the U.S. dollar and looking ahead, we anticipate further gains in the greenback. From their pre-FOMC levels, the EUR/USD dropped more than 100 points while USD/JPY soared by approximately the same amount. Before the end of next week, we expec...

October 29th, 2014 - Today’s hawkish FOMC statement breathed new life into the U.S. dollar and looking ahead, we anticipate further gains in the greenback. From their pre-FOMC levels, the EUR/USD dropped more than 100 points while USD/JPY soared by approximately the same amount. Before the end of next week, we expec...

September 10th, 2012 - In the first week of September the European Central Bank lit the EUR/USD on fire with its latest acronym to save the euro – OMT, short for “Outright Monetary Transactions.” For most investors, OMT is just another ingredient in the central bank’s alphabet soup which already ...

Hide me
Receive Thought Provoking Forex Commentary Directly to Your Inbox
Show me