USD/JPY drops to 2-week lows, around mid-105.00s

   •  A goodish USD rebound fails to provide any respite for the bulls.   •  Risk-off mood boosts JPY’s safe-haven appeal and exerts pressure.  The USD/JPY pair extended its post-FOMC retracement slide from one-week tops and is currently placed at over 2-week low, around mid-105.00s.


US: Fed’s presents Goldilocks outlook – ING

Viraj Patel, Research Analyst at ING, points out that the FOMC unanimously decided to raise the Fed funds rate by 25bps which signalled a fairly Goldilocks outlook for the US economy – that is one of stronger economic growth in the near-term, contained inflation and


GBP: Follow through? – Rabobank

According to Jane Foley, Senior FX Strategist at Rabobank, today, the focus of the pound will be firmly back on economic fundamentals and specifically the degree of hawkishness from the BoE at today’s policy meeting. Key Quotes “This will be particularly interesting given the mixed


Daily Forex Update: NZD/USD

By: Dima Chernovolov NZD/USD continues to rise inside the clear Falling Wedge chart pattern which was previously identified by Autochartist on the 4-hour charts. Autochartist rates the quality of this Falling Wedge at the 6-bar level – which is the result of the slow Initial