A quiet one amid the Thanksgiving holiday period The yen is leading gains so far today but there isn’t much to really shout about the moves in European morning trade. USD/JPY is sitting around 104.25, testing the confluence of its 100 and 200-hour moving averages @ 104.18-23. There are also large expiries seen rolling off
Minutes of the November 5 FOMC Some market participants expected the Committee to eventually lengthen the weighted average maturity of the Federal Reserve’s purchases of Treasury securities. Meeting participants generally saw the current QE pace and composition as effective While participants judged that immediate adjustments to the pace and composition of asset purchases were not
Volatile NY session The EURUSD traded to the highest level since November 9th taking out last week’s highs in the process between 1.1890 and 1.18931. The high price reached 1.19053. Then all hell broke loose. The Markit PMI data came better than expected and there was a run into the USD. That move saw the
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