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Fed minutes cloud rate hike-pace, but expectations for balance sheet unwind still remain – USD softer

USD is looking south this morning, following through on yesterday’s declines as well. Yesterday the minutes of the July 26th FOMC meeting were released, and these showed that policymakers were somewhat wary of the recent softer inflation. Some of the Read More →

AUDJPY – Aussie Dollar Follows Uptrend Against Japanese Yen

Key Points

  • The Aussie Dollar remains in a solid uptrend above 87.00 against the Japanese Yen.
  • There is a crucial ascending channel pattern with support at 87.00 forming on the hourly chart of AUDJPY.
  • Recently in Australia, the Employment Change Read More →

AUDUSD – Aussie Dollar Back in Bullish Zone Vs US Dollar?

Key Points

  • The Aussie Dollar made a nice upside move after trading as low as 0.7808 against the US Dollar.
  • There was a break above a bearish trend line at 0.7830 on the hourly chart of AUDUSD.
  • Recently in Australia, Read More →

USD: FOMC Minutes: Balance Sheet Runoff Likely To Formally Announced Next Month – CIBC

CIBC Research comments on today's FOMC minutes from the July meeting.

Despite the recent run of soft inflation readings, FOMC members appear comfortable moving forward with further tightening. The minutes of the July meeting indicate that many participants still Read More →

Dollar steady as strong data keeps rate hike hopes alive

Demand for safe-haven assets such as precious metals has eased as geopolitical tensions between the US and N. Korea have somewhat calmed down. Gold slipped to record its steepest one day drop in nearly 6 weeks. The drop-in price Read More →