This week was all about the FOMC on Wednesday, while a 25bp hike was always on the cards, the market was waiting for some clarity around 2017. The majority of the market was expecting two further hikes in 2017 and this is what the USD had priced in since the US election result in early […]
Month: December 2016
The dollar followed through from the Fed rate decision and most pairs got smashed yesterday. We are in uncharted territory in the EURUSD and it could be foolish to try and pick a bottom in this pair. Liquidity may dry up a little of the course of next week so the moves may be exaggerated.
The Fed did as expected yesterday and raised rates by 0.25%. The dollar got a bid and rallied against most of the pairs. All of them seem to be at pretty critical levels and we will see how the dust settles today
The much awaited FOMC meeting and expected rate hike take place this evening. The market is expecting 25bps or 0.25% rate hike. Anything other than that could send shock waves through the market and a huge amount of volatility. Trade cautiously!
Forex traders seem to be positioning themselves for the FOMC meeting tomorrow. There are still opportunities to scalp a few pips and most seem to be in the commodity currencies. There are also possibilities in the Yen after such a weak performance against the dollar.
The big move was the oil price overnight with Non-OPEC nations agreeing a cut of around 600k barrels per day. We will see if they can all play ball but it has certainly given the oil price a fill-up. As a result, the USDCAD fx pair has traded lower and we will see if the […]
After what can only be described as unparalleled volatility since the US Elections in early November, this past week seemed to be an absolute gift from the market. I love weeks like we just had and it seemed as though the market was dishing out pips as a peace offering for what we had to […]
Dean’s Daily FX Update – 09 December 2016 In the Zone NZDUSD USDCAD USDJPY Noteworthy News ECB President Draghi presented another smoke and mirrors speech yesterday, the take away for me is that the ECB are going to be involved in the markets for a very long time. Many analysts have been calling for EURUSD […]
Dean’s Daily FX Update – 08 December 2016
We had a great day on Cable (GBPUSD) with 200+ pips. Watch the report to see how we entered the market and for the signals we took.