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Webinar: Central Bank Weekly: US Dollar, Sparked by FOMC, May Have Turned

Webinar: Central Bank Weekly: US Dollar, Sparked by FOMC, May Have Turned

Upcoming Webinars for Week of October 1 to October 6, 2017

Monday at 7:30 EDT/11:30 GMT: FX Week Ahead

Wednesday at 6:00 EDT/10:00 GMT: Mid-Week Trading Q&A

Thursday at 7:30 EDT/11:30 GMT: Central Bank Weekly

See the full DailyFX Webinar Calendar for other upcoming strategy sessions

In this webinar I discuss the major central banks' monetary policies and their implications for FX markets over the next week.

The Federal Reserve's decision to announce the beginning of its balance sheet normalization process, or unwind of their QE asset purchases, took market partcipants by surprise last week, as did the FOMC's reaffirmation of their intention to raise rates by another 25-bps by December.

Concurrently, with Fed policy intentions looking more hawkish than what the market was previously pricing in, the US Dollar has been lifted by rising yields and rising rate expectations - legitimate sources of support in the near-term, particularly against the low yielding, safe haven currencies.

Chart 1: Inverse USD/CHF, Inverse USD/JPY, Gold, & US Treasury 10-year Yield Hourly Timeframe (September 2017)

Other topics covered include:

- What does the recent move in the US Treasury 2-year and 10-year yields tell us about the prospects for Gold, USD/CHF, and USD/JPY?

- What are the implications for the DXY Index if the EUR/USD head & shoulders pattern is validated?

- Why are Euro losses likely to be capped in the near-term, even if the ECB decides to wait to taper its QE program?

Read more: USD/CHF, USD/JPY Outlooks Remain Bullish as US Yields Stay Elevated

--- Written by Christopher Vecchio, CFA, Senior Currency Strategist

To contact Christopher Vecchio, e-mail

Follow him on Twitter at @CVecchioFX

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.