FX Daily

Today's FOMC announcement is one which has taken on a greater significance for a number of reasons - one of the more obvious ones being widespread expectations on signalling the start of the balance...

The past week was not the best for central banks, highlighted by the complete turnaround in sentiment at the BoE, where Carney and Co have now put a 25bp rate hike firmly on the table. Their rationale...

Going into the MPC announcement later on the this morning, no one is expecting any change in policy, nor should they - now or indeed any time soon. We would expect this view to be shared by the...

Based on what we have heard through various sources, we can expect little if any detail on the tapering plans today, which we all know is coming, and which is serving as the backdrop to buying the EUR...

Looking ahead to this week's BoC meeting, I have been surprised at the level of aggressive pricing towards more rate hikes to come, with the Q2 GDP rate at 4.5% prompting some to call for another 25bp...

Since the last RBA statement, we have seen some positive factors feeding into what should be another cautiously optimistic outlook on both the global and domestic economy. With much reference to the...

After another 'interesting' non farm payrolls report, we start the week on a quiet note as the US observes the Labour Day holiday and Canada day speaks for itself. Plenty of volatility to expect...

The USD ahead of the non-farm payrolls reportGoing into the non-farm payrolls report this afternoon, we see US Treasury yields pressured into the recent lows, with the benchmark 10yr note struggling...

Coming off a mixed week for the USD, traders focus their attention on the Jackson Hole symposium which starts on Thursday, running through to Saturday. Within this, Friday's address by the Fed chair...

Once again, sluggish inflation takes a hammer to currency and we saw the USD turn back from a tentative recovery, which many still see as corrective against some of its major counterparts. In...

We got some encouraging signs from the latest US payrolls report on Friday, with the earnings component edging up to 0.3% on the month, to lift the year on year rate to 2.5%. Even so, this is one...

Once again we come to the US employment report, with the market looking for some revival in wage growth. Having consistent forecast a m/m move from 0.2% to 0.3%, we have failed to generate this, with...

Bank of England PreviewAll eyes are now on the midday announcement from the BoE, where a 25bp rate rise is only expected by a very few, but more anticipating signals that a move is forthcoming later...

We will refrain from trying to call (yet another) base for the USD against the EUR and GBP at the present time, as the greenback is getting no favours from the political backdrop, which has claimed...