US Dollar Down, Vol Down, Stocks Up After May FOMC Minutes
No surprises from the May FOMC minutes – including no mentions of ‘stagflation’ or ‘recession’ – come as a welcomed development.
Source: dailyfx.com
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Weekly Fundamental Euro Forecast: Shifting ECB Hike Odds Prove Supportive
The ECB has come to terms with the fact that it will need to raise interest rates this summer.
Source: dailyfx.com
Crude Oil Price Forecast: Two-Way Action Continues
Crude oil prices continue to trade back and forth within their two-month range.
Source: dailyfx.com
US Dollar Forecast: DXY Rebounds, But USD/JPY Might Be Carving Out a Top
The US Dollar (via the DXY Index) is slowly erasing losses from earlier in the week.
Source: dailyfx.com
Central Bank Watch: BOE & ECB Interest Rate Expectations Update
Bank of England rate hike odds stagnate while the market has dragged forward expectations for the European Central Bank.
Source: dailyfx.com