EURUSD overnight implied volatility jumped to its highest level in over a month as forex traders gear up for potentially sharp reactions to the latest ECB meeting and Fed minutes expected tomorrow.
With US equity markets recently under pressure, financial news media have pointed to movement in the bond market as the key catalyst.
The US Dollar fell as the S&P 500 trimmed sharp gains on a more dovish Fed that downgraded economic projections and rate hike estimates. AUD/USD may rise on a rosy jobs report.
NZD/USD unexpectedly rose, closing at its highest since December on lackluster fourth quarter New Zealand GDP data which might have reduced near-term economic slowdown fears.
Asia Pacific stock markets saw risk appetite drain away somewhat as some disappointing trade reports crossed the wires
Asia Pacific stocks slightly trimmed their recent gains as the FOMC neared. The Nikkei 225s uptrend is still intact, held together by rising support from the beginning of this year.
Gold prices may be carving out a topping chart pattern. Soundbites form an OPEC+ meeting and EIA drilling data may highlight competing influences on crude
Risk appetite kept equity well bid as a new week got under way, but theres a lot of economic news on tap, most obviously the
The US Dollar may rise on a Fed that is not quite as dovish as markets expect, sending USD/SGD higher as ASEAN currencies depreciate. USD/PHP
The US Dollar is on the eve of a breakout to find its next path in the short-term after Fed Chair Jerome Powell couldnt offer
The US Dollar was jawboned by risk trends and the FOMC meeting minutes as the S&P 500 took the path of least resistance. AUD/USD may
What does it mean for financial markets if the US economy maintains its healthy pace while external headwinds noted by the Fed abate? The S&P
The US government shutdown will have a direct impact on how the Federal Reserve operates at the start of 2019.