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Moody : Likelihood of a 1.88% Fed Funds Rate by End of July Soars: FXWW

From the FXWW Chatroom – As inferred from the CME Group’s FedWatch Tool, the fed funds futures market now implicitly assigns a 71% probability to a 50 basis points slashing of fed funds at the forthcoming July 31 meeting of the Federal Open Market Committee. In addition, the futures market also assigns a nearly 77% […]


5 Reasons Why Traders Are Selling U.S. Dollars By Kathy Lien

Investors are selling U.S. dollars and we’d like to explain why. All of the major currencies traded higher against the greenback on Thursday with the exception of the Canadian dollar. There are no fewer than 5 reasons for the greenback’s weakness over the last 24 hours: 5 Reasons Traders Are Selling USD Federal Reserve poised to cut rates this month […]


Chance of no-deal Brexit rises as Johnson leads Hunt – poll: Reuters

LONDON (Reuters) – The chance that Britain will leave the European Union without a deal is the highest since October 2017, economists polled by Reuters say, as arch-Brexiteer Boris Johnson looks set to take over as prime minister next week. Johnson was the face of the 2016 campaign to quit the EU and has said […]


Global Daily – Could the US intervene in currency markets? By Shanawaz Bhimji

Global Macro & FX: Intervention to weaken the dollar unlikely, but cannot be ruled out – US exchange rate policy has been in the spotlight recently, and US Treasury Secretary Mnuchin was quizzed on the topic in a post-G7 finance minister meeting press briefing this afternoon. In his remarks, Mr Mnuchin confirmed that there is no […]


The New York Fed wound back Williams comments at the most damaging time of the day – here’s why By Eamonn Sheridan

The announcement from the NY branch of the Federal Reserve that the words were not indicative of FOMC policy, these New York Fed says Williams’ speech was not about potential policy actions at the July FOMC meeting Which sent the dollar back up: US dollar gaining points on New York Fed disavowing Williams Note the […]


19 July: Trend table outlook for FX, Commodities, Indices: FXCharts

EurUsd:  The Euro is sharply higher on Friday following the dovish comments from the Fed, which undermined the US$ across the board, and appears to have the legs to head higher in the near term. Right ahead, the nearby resistance lies at 1.1282/85 (15/11 July highs) and then at 1.1300 ahead 1.1320/27 (200 DMA/ 61.8% […]


Markets Today: Heading for a half percent cut? By Ray Attrill

Could the Fed be careering to a half percent rate cut at the end of the month? Today’s podcast By Ray Attrill 19 Jul 2019 Source: NAB For further FX, Interest rate and Commodities information visit nab.com.au/nabfinancialmarkets  


CHF/JPY Could Be Set For Another Break Lower By Matt Simpson

Since its bull-trap at the start of the month, a lower high appears to have formed and the cross is now testing a potential breakout level. Two weeks ago, we noted that CHF/JPY’s bull-trap and subsequent crash through key support had slammed it back onto our bearish watchlist. Sometimes it can take a little longer than […]



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