Forex

Recent rate hikes have been positive for USD but not for the pound. Strong US fundamentals also point to lower GBP/USD ahead of more possible US job additions (NFP)

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/CHF-bullish contrarian trading bias.

Dax and FTSE have had a good run this week despite higher rates and political uncertainty that continues to rattle markets.

Higher US Treasury yields have coincided with declines by US stock markets.

The bond market appears to have bottomed for now, with a technical structure in place for traders to work with.

September U.S. Core PCE rises to 5.1% y-o-y, one-tenth of a percent below expectations, a sign that inflationary pressures remain elevated but are growing less aggressively than in previous months.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/CHF-bullish contrarian trading bias.

PCE data is likely to guide the Fed’s tone next week as the rate setting committee is expected to hike by another 75 bps. Potential hawkish message threatens GBP/USD

The FX market offers more liquidity than other markets, offering traders a unique advantage.

The Bank of Japan today left all monetary policy settings untouched and said that they don’t plan to raise interest rates any time soon.