A while ago, it looked like central banks were irrelevant as far as the forex market was concerned. With monetary policy on hold for the foreseeable…
Author Marshall Gittler
Rates as of 04:00 GMT Market Recap GBP was the best-performing currency. EUR/GBP broke through 0.90 and both hedge funds and real-money investors were buying. Why?…
Rates as of 04:00 GMT Market Recap Alas, the FOMC minutes failed to provide the clarity about how the Committee intends to change its policy framework…
Rates as of 04:00 GMT Market Recap Dollar weakness continues. EUR/USD climbed decisively over 1.19 and traded as high as 1.1966 before retreating somewhat. GBP, which…
Rates as of 04:00 GMT Market Recap Another day, another downleg in the dollar. The Empire State manufacturing index missed expectations and fell to 3.7 from…
Commitments of Traders (CoT) report The market keeps on buying euros and selling dollars. Both the EUR and DXY contracts are at extreme positions for the…
Rates as of 04:00 GMT Market Recap We’ve already had the big news for the day out – Japan Q2 GDP was slightly weaker than expected,…
We’ve had a dramatic week with lots of volatility. That’s one aspect of the summer doldrums: the absence of participants can either lead to a dull…
Rates as of 04:00 GMT Market Recap After an unusually volatile day we get an unusually quiet day, with only NZD showing any major move –…
There’s been a lot of chatter recently in the press about whether the explosion in the Fed’s balance sheet and the soaring price of gold are…