Monthly archive August, 2016

Fedspeak has whipsawed FX markets over the past week. The long risk/short-USD trade was initially boosted by comments from San Francisco Fed President Williams, only to be undone by subsequent hawkish remarks by New York Fed President Dudley, who appeared Read More →

Trend: Price has maintained a broad uptrend channel bias since mid-2015. A new one-year high in price 5 weeks ago tested major resistance at the uptrend channel top at 0.7330/40 (high 0.7325). The subsequent weekly close below 0.7163 completed a Read More →

Key Points

• The Aussie dollar after finding buyers around 1.0520 on many occasions traded higher versus the Read More →

The higher LIBOR rate did not provide USD support, unlike other times when there have been relative rises in US private sector funding costs. There are a number of reasons:

First, the regulation driven LIBOR increase tightens US financial Read More →