Forex
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Monthly archive May, 2017
No rate changes from FOMC, but USD holds well
No rate changes out of yesterday’s FOMC rate decision communication. The Fed is still aiming for 2 more hikes for 2017. The Fed statement also noted slower economic growth in the first quarter this year, but dimissed that as transitory. Read More →
EURGBP – Euro Remains Supported Above 0.8430 Vs British Pound
Key Points
- The Euro is currently trading in a range with support on the downside near 0.8430 against the British Pound.
- There is a major bullish trend line with support at 0.8435-30 formed on the hourly chart of EURGBP.
- In Read More →
Trading The FOMC – Views From Major Banks
The following are brief expectations for the FOMC May meeting statement as compiled from the related research reports of 10 major banks.
Overall, they don't expect the meeting to result in a policy change, and expect limited changes to Read More →
Dollar buoyed by rate hike expectations
The U.S. dollar touched a six-week peak versus the yen on Tuesday as forex traders dismissed sour U.S. economic data and anticipated that the Federal Reserve would prepare markets for an interest rate increase in June in its Wednesday statement.
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