Speaking in NY.  She seems happy. She adds: fundamentals of the US economy is strong Tariffs pose a potential risk to the economy there are no signs of a pending US recession a prolonged market downturn, build up in risks would affect US economic data not adjusting policy stance based on recent market drop inflation
The FX market is quiet so far The most you could say about the foreign exchange market so far today is that the Australian dollar is a touch higher. It’s incredible how you can have the pangs of greed in panic in markets and then promptly it goes completely quiet. Watch for a pickup in volatility when
The Canadian Dollar is has plummeted more than 1.4% month-to-date against the greenback with USD/CAD trading just below confluence resistance ahead of the Bank of Canada interest rate decision tomorrow. Here are the updated targets and invalidation levels that matter on the USD/CAD charts. Review this week’s Strategy Webinar for an in-depth breakdown of this
German DAX down over 2% on the day The European shares are ending the session was sharp declines.  The fall was led by an over 2% decline in the German DAX. The provisional closes are showing: German DAX, -2.08% France’s CAC, -1.53% UK’s FTSE, -1.04% Italy’s FTSE MIB, -0.86% Spain’s Ibex, -0.80% Portugal’s PSI 20,
   •  The cross struggled to build on overnight goodish up-move beyond the very important 200-day SMA, or over two-week tops, and now seems to have snapped three consecutive days of winning streak.    •  Despite the prevalent bearish pressure, the downslide abated ahead of an important confluence support, comprising of a short-term ascending trend-line
TALKING POINTS – JAPANESE YEN, STOCKS, AUSTRALIAN DOLLAR, CARNEY, FED Yen soars, Aussie and Kiwi Dollars plunge as Asia Pacific stocks unravel Comments from BOE’s Carney might not offer policy direction guidance Fed commentary may amplify risk aversion signaled in stock index futures The anti-risk Japanese Yen soared while the sentiment-anchored Australian and New Zealand
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
   •  Negative Brexit headlines continue to prompts some fresh selling around the British Pound.   •  DUP said to is said to support a proposal to make the EU’s Northern Irish backstop illegal.   •  Technical selling below the 1.3020-15 region further aggravates the selling pressure.  The GBP/USD pair kept losing ground through the mid-European session
TALKING POINTS – CANADIAN DOLLAR, AUSSIE DOLLAR, ASX 200, STOCKS, YEN Canadian Dollar retracing higher after Friday’s CPI-inspired selloff ASX 200, Aussie Dollar down as Liberals lose parliamentary majority Japanese Yen at risk as stock index futures point to risk-on sentiment Major currencies started the trading week in a consolidative mood, with a bare-bones economic
The market is easing into the week If you’re just tuning into this week’s FX market you haven’t missed much. GBP is a tad soft but we’re almost at the point of splitting hairs. If anything, I would expect a bit of euro strength when Europe rolls in because of the stable outlook from Moody’s.