How confident is the FOMC about its outlook for interest rates? Despite their rhetoric and clear predictions from the June forecasts, the market remains skeptical that that will be able to deliver a rate hike this year – much less two.
FX markets – like bond and equity markets – are repricing risk relationships. The Euro is caught in the cross-current.
Gold prices plummeted for a fifth consecutive week with the precious metal down nearly 4.3% to trade at 1085 ahead of the New York close on Friday.
AUD/USD slipped to a fresh 2015 low (.7259) as Australia faces a greater risk of losing its AAA credit-rating. Here’s what to watch.
A big week of both UK and US economic event risk nonetheless points to bigger GBP/USD moves in the days ahead