FOMC

Following a rather busy week in Europe, the focus shifts back to the U.S. shores next week with the FOMC meeting in focus. The Fed's meeting is likely to overshadow other central bank meetings such as the BoJ, SNB, and the BoE. Economic data from the UK will keep the British pound busy ahead of Thursday's Bank of England's monetary policy meetin...

2017-07-26 John Benjamin Read more
Bank UK

The markets enter a crucial week with both economic and political decisions weighing on traders. The US general election is now just one week away which will remain in the backdrop for the markets. The monetary policy meetings from the RBA, BoJ, FOMC and the Bank of England will likely set the stage for a December showdown. On the economic front...

2016-10-31 John Benjamin Read more
Dollar rallies_Currency wars

Summary: US dollar likely to wait for more clues from the FOMC next week Support at 95.50 – 95.75 likely to be tested ahead of further upside FOMC, BoJ will be the key events to watch next week Market outlook on the US dollar turns bullish with the probability of a Fed rate hike increasing for December The US dollar touched a ...

2016-07-22 John Benjamin Read more
USD

The US dollar index has been trading flat since the Monday after Brexit weekend. Range bound within 96.55 and 95.95 price action has stalled after the strong rally off the lows near 93.32. In our previous outlook on the US dollar, we noted that 95.0 - 94.75 support could make for an ideal opportunity in dollar long positions. While we maintain t...

2016-07-15 John Benjamin Read more
US Dollar bill

The US dollar was one of the beneficiaries following the initial Brexit turmoil which saw the greenback gaining on safe haven flows. While we await the latest institutional position which will be released later this evening from the CFTC, the positioning after the Brexit outcome will be an interesting read, considering that rumors have surfaced ...

2016-07-01 John Benjamin Read more
Dollar_USD_USDX

The US dollar index has been quite volatile this week after prices pulled back from the week to date highs of 95.53. Last week's CFTC Commitment of Traders report showed that speculators were net long on the US dollar, rising $6.3 billion from a week ago to $12.3 billion. It was also the highest level since February this year. While the economic...

2016-06-17 John Benjamin Read more
US Dollar

The ICE Futures US dollar index took a beating following last Friday's monthly payrolls report. A surprisingly dismal jobs report with downward revisions to the past two months saw the markets discount a rate hike. The CME futures rate hike probability now stands a little above 1% for a rate hike at the FOMC meeting next week. Earlier this week,...

2016-06-10 John Benjamin Read more
Analysis for September 1st

The beginning of a new month is generally a busy time for the markets especially with important economic indicators such as unemployment rates and monetary policy decision meetings. This week, the currency markets will see a lot many economic releases from across the G7 major currencies. Here is a brief guide to the most important economic re...

2017-09-18 John Benjamin Read more