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Webinar: Central Bank Weekly: FOMC Can't Stop the Dollar Drop - What's Next?

Webinar: Central Bank Weekly: FOMC Can't Stop the Dollar Drop - What's Next?

2017-08-03 16:30:00
Christopher Vecchio, CFA, Senior Strategist
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Upcoming Webinars for Week of July 30 to August 4, 2017

Friday at 8:15 EDT/12:15 GMT: Live Event Coverage: US NFPs (JUL)

See the full DailyFX Webinar Calendar for all upcoming strategy sessions.

In this webinar I discuss the major central banks' monetary policies and their implications for FX markets at the beginning of August. This past week, we've heard from the Reserve Bank of Australia and the Bank of England, both of whom provoked significant moves in the Australian Dollar and the British Pound, respectively.

Now, it appears that several AUD-crosses and GBP-crosses may be approaching turning points after unfettered strength over the past several weeks. Retail crowd positioning has made some dramatic shifts over the past week in both AUD/USD and GBP/USD, suggesting that the US Dollar's recent streak of weakness may be nearing its ending point.

Topics covered include:

- How did the BOE fall on the more dovish side today and why may this mark the top in several GBP-crosses, including GBP/JPY and GBP/USD?

- What needs to happen for markets to embrace the Fed's view on rate hikes and would it help stabilize the US Dollar?

- Why is it a warning sign for risk appetite that the Japanese Yen is starting to turn the corner?

Read more: Did BOE Just Mark the Top in GBP-crosses? JPY in Focus

--- Written by Christopher Vecchio, Senior Currency Strategist

To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com

Follow him on Twitter at @CVecchioFX

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