Forex Daily News

19th April 2019

18th April 2019

20th February 2019

EC Press Release on Juncker-May meeting: Two leaders agreed that talks had been constructive

The European Commission has recently published a joint statement on behalf of European Commission President Juncker and British Prime Minister Theresa May following today's meeting.

Key takeaways

The two leaders agreed that talks had been constructive.
They urged their respective teams to continue to explore the options in a positive spirit.
They will review progress again in the coming days, seized of the tight time…

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USD/JPY rebounds above 110.70 after Fed’s minutes

US Dollar rises after FOMC minutes. 
USD/JPY finds support at 110.60 and rebounds. 

The USD/JPY moved modestly to the upside after the release of the FOMC minutes from the latest meeting. The pair rose from levels near 110.60 to 110.85. It remained below daily high, and the moved higher remove some intraday bearish pressures. 

The greenback gained ground across the board following the…

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FOMC minutes: If uncertainty around outlook abated, Fed would need to reassess its 'patient' stance

The minutes from the Federal Reserve’s January 29-30 monetary policy meeting have been published with key highlights, via Reuters, found below.

Fed participants felt asset valuations 'less stretched' in January than a few months earlier.
Almost all participants thought it would be desirable to announce plan to stop reducing balance sheet later this year.
Many participants observed if uncertainty around the outlook abated the Fed…

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FOMC minutes: Participants felt keeping the fed funds rate stable 'for a time' posed few risks at this point

The minutes from the Federal Reserve’s January 29-30 monetary policy meeting have been published with key highlights, via Reuters, found below.

Substantial majority of policymakers expected that at end of asset redemptions, level of reserves would likely be somewhat larger than needed for conducting rate policy.
Many policymakers suggested that some further very gradual decline in average level of reserves could be appropriate.
A few…

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FOMC minutes: Several participants saw further rate hikes appropriate in 2019

The minutes from the Federal Reserve’s January 29-30 monetary policy meeting have been published with key highlights, via Reuters, found below.

Several participants said saw further rate hikes appropriate in 2019 if economy evolved as expected.
Policymakers said the balance sheet normalization process should support the meeting of dual-mandate goals.
A few participants said summary of economic projections (September) may not accurately convey committee's policy…

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