US Dollar Seesaws After FOMC Minutes, June Hike Still Likely

Talking Points: FOMC statement references rate hikes and balance sheet adjustment, but lacks certainty June hike still likely with officials stating tightening appropriate ‘soon’ Almost all Fed officials favor starting to shrink balance sheet in 2017 Keep up with all the latest market events – including Fed speeches – on theDailyFX Economic Calendar The US […]

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Euro Falls After Macron Win, Yen May Rise on Risk Aversion

Talking Points: Euro falls even as Macron wins French presidential election NZ Dollar before RBNZ meeting, Aussie falls after China data Japanese Yen may rise as sentiment sours around the markets The Euro declined even as market favorite Emmanuel Macron emerged victorious in the second round of the French presidential election. As argued previously, the […]

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Crude Oil Set to Consolidate After Sharp Run-Up

Fundamental Forecast for Oil: Neutral Inventory data supports US crude oil but market nears a congested area. Further US intervention in Syria may limit any downside, while the monthly OPEC report mid-week may provide more market colour. See the DailyFX Economic Calendar and see what live coverage for key risk event impacting FX markets is […]