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JPY Bid on Strong Japanese GDP. FOMC Minutes in Focus Today

Despite upbeat figures from the US economy on Tuesday, markets closed in negative with leading indexes down around 1% (S&P -0.9%, Dow -1%, Nasdaq -1.3%). Fixed income yields were bought on back of renewed rate speculation in the US sending the US Dollar on the bid as we had anticipated. US Housing Starts, CPI and […]

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Risk Taking and JPY Unwinding in Quiet Markets

Following a light calendar in the markets, Monday was a relatively quiet session.  The US Dollar advanced on comments from Fed’s Dudley that he still saw two rate hikes as possible in 2016 despite the weak payrolls data from the US. We saw a little action in the GBP, where Cable printed two-week lows at […]