Christopher Vecchio

Currency Strategist

News events, market reactions, and macro trends.
Christopher Vecchio is a Currency Analyst for He holds a dual Bachelor of Arts degree in Government & Law and Economics from Lafayette College. During his undergraduate program, he gained a strong understanding of fundamental analysis of the foreign exchange markets by examining the interrelationship between geopolitical events, macroeconomic trends, and finance. Christopher also incorporates technical analysis into his research in order paint the most complete picture of what is occurring across various asset classes in the short-term and medium-term.



Several Key FX Crosses at Potential Turning Points

AUD/JPY, AUD/USD, GBP/JPY, GBP/USD, and USD/JPY - among others - are at significant crossroads.

In Short-Term, Fed Rate Hike Expectations Driving US Dollar Rally

Markets are very confident that the November Fed meeting is procedural - it's December or bust for the rate hike.

Intraday US Dollar Rally Hits Pause as US Consumer Confidence Dives

With future expectations falling, one has to wonder if US election jitters are weighing on sentiment.

USD/JPY Breakout Attempt Foreshadowing ’Risk’ Rally?

Rate hike odds for December are up again, lifting the US Dollar. However, this time around, risk appetite is in much better shape.

Euro Weakness Unleashed as Draghi Dismisses Immediate Taper Concerns

As anticipated, the European Central Bank dispatched speculation that it was readying to taper its QE program, and instead has markets focused on its next major policy meeting in December.

Weekly Trading Forecast: US and UK GDP Look to Charge Fed and Brexit Speculation

Volatility has picked up for the FX market these past weeks, but keeping the charge will require further fundamental winds. Will event risk like US and UK 3Q GDP readings step up the task?

EUR/USD Breakdown Fueling DXY, USDOLLAR Strength

Fed funds futures implied probabilities have eased this week.

Preview for ECB Rate Decision and Implications for EUR/USD

Based on what several ECB officials have said in recent weeks, it would be shocking if the ECB tapered its QE program.

UPDATE: USD/CAD Reverses Losses as BOC Reveals Dovish Intentions

Market participants weren’t expecting a rate cut (only a +1.9% chance, according to OIS), and the Bank of Canada’s downgrades to its economic forecasts weren’t as deep as anticipate...

GBP Selloff May Have Hit Pause; Watch Oil’s Next Move

Energy prices have rallied in the last few weeks, setting up for a 'base effect' boost in upcoming US inflation data.

Packed Economic Calendar this Week with USD Desperate for Good News

Q3'16 US GDP expectations have been cut in half since the beginning of August, complicating the outlook for the Federal Reserve.

Euro Playing Catch Up with Brexit Fears, Not ECB Speculation

EUR/USD recently exited its symmetrical triangle to the downside, no thanks to investors pricing in more action from the ECB. Instead, a barrage of small issues have created the perfect storm for EUR...

Weekly Trading Forecast: Dollar, Euro, Pound and Yuan Compete for Top Volatility

The convergence of event risk and themes is stirring deeper trends in the global markets. Critical themes ahead to watch include Fed timing, Brexit fears, China's health and an ECB turning point

USD/JPY Whipsaws After September U.S. Retail Sales Meet Expectations

Rebound in U.S. Retail Sales supports the case of a consumer –driven recovery in the second half of 2016

GBP/USD, EUR/USD Remain Technically Weak as ’Hard Brexit’ Fears Persist

The US Dollar is holding its own thanks to steady rate hike expectations, but elevated Brexit fears are providing a fair deal of support, too.

Fed Rate Hike Odds Steady but LT Challenges Remain for USD

The Fed will most likely hike rates in December, but the question haunting the US Dollar is: "how many rates hikes are left in the tank thereafter?"

USD Seeks Boost from Two Fed Speakers, FOMC Minutes Today

The FOMC minutes should reveal a desire to hike rates by year end, but with significant reservations about the long-run potential of the glide path.

’Many Drops Fill a Bucket’: Small Concerns Overwhelm EUR/USD

There's no one overarching concern for the Euro at the moment; instead, it appears that a myriad of small issues have cropped up and have started to become too great a burden.

USD/CAD Plunges as Russia Signals Readiness to Cap Oil Production

Russian President Vladimir Putin issued a clear statement regarding a potential shift in supply dynamics, sending Crude Oil and associated FX rates higher.

Quiet Start to Week has USD Focused on Fed, GBP on Brexit

It's Columbus Day in the United States today, a federal holiday. However, only the bond market is closed; equity markets will operate on a normal schedule today.