The Fed convenes after raising rates last time and as Trump makes his dent in the Oval Office. What can we expect? Here is their view, courtesy of eFXnews: We expect the FOMC to keep the federal funds target unchanged at 0.50-0.75% at the conclusion of the 31 January –1 February meeting. The data on economic [...]
The post USD: Expect These Few Changes From The FOMC On Wed – Nomura appeared first on Forex Crunch.
The US dollar is on the back foot, with EUR/USD touching 108 and USD/JPY breaking support. Here is their view, courtesy of eFXnews: President Trump’s travel ban – and his associated decision to fire the acting Attorney General – dominates sentiment and remains good for Treasuries, the yen (and gold), but bad for bonds and [...]
The post How Far Can The Dollar Fall S/T? What Is The Trade? – SocGen appeared first on Forex Crunch.
The CB Consumer Confidence misses expectations with a score of 11.8, less than 113 forecast. In addition, the previous number was downgraded from 113.7 to 113.3 points. This is still a high score but the winning streak is cut short. The US dollar was already sliding ahead of the publication, and this release sends EUR/UDS to [...]
The post US Consumer Confidence misses expectations – EUR/USD touches 1.08 appeared first on Forex Crunch.
