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EUR/USD Risks Fresh Monthly Lows on Hawkish FOMC Minutes

- Federal Open Market Committee (FOMC) Minutes Expected to Endorse December Liftoff. - Will USD Strength Become a Growing Concern for Fed Officials? Trading the News: Federal Open Market Committee (FOMC) Minutes Despite the ongoing 9 to 1 split within the Federal Open Read More →

President Xi Warns That China Faces Considerable Downward Pressure

- In a statement at the Asia-Pacific Economic Cooperation yesterday, Chinese President Xi Jinping warned that the Chinese economy faces ‘considerable downward pressure.’ - Commodity prices continue to bleed, as Gold set a new 5.5-year this morning, and Copper prices continue Read More →

FOMC Minutes Later Today – USD Set for October 28 Redux

Talking Points: - EUR/USD continues to track the daily 8-EMA lower. - Fed's October policy statement's evolution from September important. - See the November forex seasonality report that forecasts US Dollar strength. Later today at 14:00 EST/19:00 GMT, the Federal Reserve will release the Read More →

US Dollar May Extend Gains as Fed Minutes Foreshadow Rate Hike

Talking Points: US Dollar May Find Fuel for Further Gains on Hawkish Fed Meeting Minutes Euro, Pound Eye Central Bank Commentary to Inform On-Coming Policy Bets Track Economic Releases Directly on Your Charts with the DailyFX News App A quiet economic calendar in European Read More →

Copper Surplus Faces Falling Premiums; Gold Slides before Fed Minutes

Talking Points: Oil traded flat after mixed API stock report, Cushing build implies glut may resurface Gold at 5-year low after positive US inflation data, prior to FOMC’s minutes Copper at 6-year low as fundamentals point to rising supply vs. falling profits Gold tumbled Read More →

Traders Not as Confident of Fed Hike as Markets, Economists

Talking Points There is a growing speculation that the Fed will hike rates at its next meeting Fed Funds futures imply an increase in speculation from a 6% chance of a hike to 68% Traders are perhaps the most skeptical group according to Read More →