Forex Consulting

US dollar ticks higher after FOMC minutes

USD/JPY up 25 pips on the headlines There was no sign of a pause at the Federal Reserve in the minutes of the Dec 13 meeting. That came as a relief for US dollar bulls and boosted USD/JPY to 112.50 from 112.25. It was part of a broad climb in the dollar that pushed it…

Forex Consulting

Trump: Bannon has ‘lost his mind’

The bromance is over Bannon took a few shots at Trump’s son and son-in-law today and the President fired back in a statement. He said Bannon has “lost his mind” and had very little to do with his Presidential victory. He said Bannon does not represent his base and spent his time at the White…

Forex Consulting

US dollar bid into Fed Minutes

Audio recap of trading so far today The big event for the day is still ahead, though we’ve already seen quite a bit of movement in the FX market on Wednesday. The moves have been US Dollar supportive for a change, and after trying to lead the way to take out their respective 2017 highs,…

Forex Consulting

Ray Dalio: Debt will be a drag on the recovery

Dalio spoke with the WSJ Bridgewater’s Ray Dalio that high asset prices can’t continue in a world with warned “It becomes more and more difficult to balance those things as time goes on,” Mr. Dalio told Greg Ip. “It may not be a problem in the next year or two, but the risk of not…

Forex Consulting

Atlanta Fed Q4 GDPNow tracker rises to 3.2% from 2.8%

Atlanta Fed sees better growth The Atlanta Fed GDPNow tracker climbed to 3.2% from 2.8% after today’s data. “The forecast of real consumer spending growth increased from 2.9 percent to 3.3 percent after this morning’s Manufacturing ISM Report On Business from the Institute for Supply Management, while the forecast of real private fixed-investment growth increased…