Blogs

Not many of note for the day. – Strike 1.1300 on EUR/USD, amount 802m euro  – Strike 107.85 for USD/JPY. amount 390m USD   For bank trade ideas, check out eFX Plus

Bank of England's Cunliffe speaking For bank trade ideas, check out eFX Plus

ECB Schnabel speaking HERE For bank trade ideas, check out eFX Plus

The Fed decision is tomorrow The only thing worse than a two-day meeting is a two-day meeting on Zoom. Here are from Powell & Co. After yesterday's decision to expand the Main Street lending program it's tough to envision that they will do anything remotely hawkish. The one argument the other way is that they […]

Wednesday 10 June 2020 will bring the FOMC policy decision, and you can keep the change because there will be no change!  – The announcement is due at 1800GMT In a nutshell, the Federal Open Market Committee will 

That's the view at BNZ, recapping recent moves in a morning note: BNZ give a heads up to how the Reserve Bank of New Zealand  is going to view the moves: 

And a big thank-you for Adam for covering for me yesterday!  He posted this chart, worth another look with USD/CNY set lower again today by the PBOC: USD/CNY struggling to surpass its 2019 high.    

I posted earlier on the Fed Roadmap and its support for gold: Guggenheim's Minerd likes gold – "accumulation of gold … a responsible policy response" A snippet along the same lines via TD, says the focus for the week is on the FOMC meeting

Reserve Bank Deputy Governor Geoff Bascand –  expected nine per cent fall in house prices could "potentially" be worse – "We find it hard to believe – with lower immigration, prices where they were so high in the first place and with households suffering from unemployment – we'll get

The Fed keeps the party going This is another signal that the Fed is never going to take away the punch bowl. The Fed is going to plow money into this market indefinitely.