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Dollar/yen: the Fed, Gotobi and xxx
Writing before Wednesday’s decision by the Fed to raise US rates by another 0.25 percent, US Bank BNYMellon wrote that “it is difficult to ignore the fact that the USD’s dismal performance year-to-date has coincided with a marked flattening of the US yield curve (at least as measured by the 2s/10s and spread – currently[…]
Heading Into The Fed
Wednesday’s rate decision and accompanying statement from the US Federal Reserve Open Market Committee (FOMC) will be the key focus for traders and has already attracted a plethora of commentary. A hike of 25 basis points is expected so, once that is delivered, it will be the tone of the statement and the Fed’s forecasts[…]
EURGBP Bulls Chart Their Course
Traders who might continue to favour a higher euro/sterling (EURGBP) will nevertheless be conscious that the pair is trading at the top end of its recent range. Traders will always make up their own minds but might find it useful to be acquainted with the technical views of some commentators. France’s Natixis Bank, writing on[…]