Bank of England Sinks Sterling

It was “Super Thursday” in the UK.  For nimble traders, it was indeed “super.”  Sterling bulls rode GBPUSD from 1.3520 prior to the UK...

Another Non-Event RBNZ Meeting is Over

The Reserve Bank of New Zealand left the Official Cash Rate (OCR) unchanged at 1.75%, surprising no one.  The opening line in the statement...

Trump Pulls US from Iran Deal

The US dollar caught a bid in Europe, and it stayed in demand until mid-morning in New York.  The US economic calendar was light...

US Dollar Stays Rangebound

The US dollar is starting the Asia session on a mixed note after a bouncing inside recent ranges overnight.  Soft German and Eurozone Sentix...

UK and Australia Holidays Will Cool Trading Action

Many analysts expected that Friday’s US nonfarm payrolls report (NFP) would have an upside surprise to the 192,000 jobs forecast.  It didn’t.  Instead, only...

FX Markets Consolidate-NFP Ahead

New York opened with the US dollar slightly weaker compared to where it closed on Wednesday.  The impact of the FOMC minutes had already...