US Treasury market starts trading for real today
Today, trading will resume in the US markets following a day of mourning for former president Ford. So, trading start the new year only today, but with an extremely busy and important calendar that contains the December ISM, car sales and ADP employment
report, the construction spending figures for November and the Minutes of the December [...]
Forex Investors Reduce USD Holdings On FOMC Minutes Release
Expectations continue to build that the Federal Reserve will pause its rates tightening cycle in August, this will result in Forex traders cutting their long USD positions.
The latest release of minutes from the Federal Open Market Committee meeting (FOMC) revealed that Fed officials are uncertain about the future interest rate direction and are concerned about [...]
FOMC – Softer tone, but tightening bias retained
The US Federal Open Market Committee unanimously decided to raise interest rates by another 25bp during last week monetary policy meeting, taking the fed funds rate to 5.25%. More interestingly, the statement language was a notch more dovish than expected. While the FOMC does not promise anything for the August meeting, the overall message is [...]
Read more »