FX Update – September 18 – FOMC Day

AUDUSD, H1 The USD is slightly higher going into the Fed announcement with cautious tones across forex, bond and equity markets as investors wait for...

Weak Manufacturing weighs on GBP

GBPUSD, H1 The UK's August manufacturing PMI underwhelmed at 47.4 in the headline reading, which is an 85-month (7 year) low. The median forecast had...

Market Update: Temporary Yen reversal?

The Yen has reversed all the gains seen since last night's peak versus most other currencies today as the risk mood improved. Risk appetite has...

AUD & NZD Crosses Diverging

AUDCAD, Daily The Australian Dollar has been under duress from expectations of more action from the RBA later in the year. Currently, AUDUSD is locked...

Chinese state banks seen slowing its descent

Chinese state banks have been supporting the Yuan, according to sources cited by Reuters. State banks often act on behalf of the PBoC in...

BoC and Loonie Crosses

Bank of Canada's announcement is expected to result in no change in rates and a repeat of the data-driven mantra. Given that recent data...

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