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USD: Fade The Fed; Good Level To Sell USD/CAD – TD

TD FX Strategy Research notes that the USD price action post-FOMC likely reflects that the market was looking for the Fed to scrap from the dots a rate hike this year or next.

"The Fed delivered the opposite and Read More →

EURUSD – Euro Nosedives Below 1.1950 Vs US Dollar

Key Points

  • The Euro moved down sharply after the FOMC interest rate decision and moved below 1.1950 against the US Dollar.
  • There was a break below a crucial bullish trend line with support near 1.1974 on the hourly chart of Read More →

JPY: Trading The BoJ – Views From 10 Major Banks

The following are brief expectations for today's BoJ September policy statement as compiled from the related research reports of 10 major banks.

Overall, the consensus expects the BoJ to maintain its policy unchanged.

On the JPY Read More →

EUR: Up-Direction To Extend But An Adjustment Of Speed Is Possible – Nomura

Nomura FX Strategy Research argues that the trend in EUR appreciation is consistent with the direction of rate spreads, but the ECB reaction may be amplified by exogenous factors.

"After a likely tapering announcement in October, the FX market’s Read More →