THE TAKEAWAY: USD strongly gains after yesterday’s FOMC meeting > AUDUSD hits lowest level since September 2010 > USDJPY accelerates towards ¥98.00. The USD continues its strong gains today after unexpectedly hawkish FOMC commentary hints that QE tapering may occur by Read More →

THE TAKEAWAY: The Federal Reserve keeps QE3 pace on hold at $85B/month while subsequently downgrading the US economy’s growth and inflation forecasts, but a more optimistic labor outlook has pushed US Treasury yields to multiyear highs, lifting the US Dollar, Read More →

THE TAKEAWAY: USD Initial Jobless Claims (JUN 15) > 354K versus 340K expected, from 336K (revised higher from 334K) > USDJPY BEARISH The first US labor market report after the Federal Reserve noted a heightened sensitivity to such data came in Read More →

Gold prices tumbled to the lowest level in nearly three years after the Federal Reserve hinted at a cutback in stimulus on the horizon, sinking inflation-hedge demand. Talking Points Gold and Silver Swoon as Inflation-Hedge Demand Fizzles After FOMC Crude Oil, Copper Dive Read More →

THE TAKEAWAY: UK retail sales rise 2.1% in May -> Sales confirm stronger economic sentiments -> Pound rallies UK retail sales increased by 2.1% (excluding retail sales) in May, a rise in retail sales that has only been matched one other Read More →

The Euro may find support as June’s flash PMI roundup argues against expanded ECB stimulus. The SNB rate decision is unlikely to offer policy innovation. Talking Points Euro May Rebound as PMIs Continue to Recover, Downgrading ECB Easing Bets Swiss Franc Unlikely to Read More →