Archived IMT (2008.10.29)
The high yielding AUD, NZD and GBP are seen as the biggest losers in the event that markets sell-off (due to disappointment on a smaller easing or lack if 75-bp cut) from today's FOMC decision. In contrast, the Canadian dollar is seen emerging as a big winner in the event of protracted market gains as has been proven to be the case in the last 24-hours due to prospects of a widening in the reflationary trade (boosting oil and gold on Fed easing). USDCAD has dropped by more than 4 cents, to 1.2420 and is expected to extend losses to as low as 1.21 before weeks end. USDJPYs chances of regaining yesterdays 98 yen highs may only come to fruition in the event of extended market gains and prolonged expectations of a BoJ easing later this week.
Kushner a Tell?
by Adam Button | Dec 5, 2019 11:11
GBP Breaks out, USD Hurt
by Adam Button | Dec 4, 2019 14:38
Time for the Pre-Santa Selloff
by Adam Button | Dec 3, 2019 12:55
USD Pauses, Key Levels Pre ISM
by Ashraf Laidi | Dec 2, 2019 13:51
Tories in Command, Turn to China
by Adam Button | Nov 28, 2019 12:51