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27 Mar: A volatile ride all round today after Yemen air strikes. US GDP, Yellen/Fischer speeches now in focus.

It was another wild ride today with all markets seeing excessive volatility. Equities were knocked lower - but later recovered - while the metals and oil prices jumped, after Saudi Arabia and assorted allies carried out air strikes in Yemen, fuelling worries of a further escalation of tensions in the ME. Early European dollar sales have been sharply reversed ahead of what could be another volatile session as focus turns to the US GDP and also towards speeches from the Fed's Janet Yellen and S …
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26 Mar: Equities lower. Currencies mostly rangebound, with more of the same looking likely today.

Currencies remain fairly rangebound today despite a bad miss by the US Durable Goods data although the equity markets have had a tough session, falling by around 1.5% and giving up all the enthusiasm following the post-FOMC gains. With little data due today, the currencies could again chop sideways while waiting for tomorrow's important US GDP figure. Today's focus will be on the German Consumer Confidence and the US Jobless Claims, while from the UK we get the Retail Sales.
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25 Mar: A choppy session – now waiting on the German IFO & US Durable Goods Orders.

It was a choppy session today, with swings either way for the US$ but with most of the majors finishing up not too far removed from where they started. The major exceptions to this were Cable, which headed lower after weak UK CPI data, suggesting the chance of deflation, and the Chf which headed higher against both the dollar and the Euro. Today's action will come via the German IFO, and then later the US Durable Goods will be the key focus. Until then there is not much to go on, although the …
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24 Mar: Dollar continues last weeks reversal ahead of today’s US CPI. Global flash PMI’s coming up.

The dollar remains under pressure today, as the follow through from last weeks FOMC meeting continues to dominate the action on the back of the growing view that any Fed rate hike is likely to come later rather than sooner. Commodities rose, while equities are slightly lower. Today will be busy, with the focus to be on the global PMI's, and then followed later in the day by the important US CPI and Consumer Confidence figures. From the UK we get the CPI/PPI/RPI. Asia focus will be on the China H …
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23 Mar: US$ under pressure ahead of a busy data load this week. Commodities, equities strongly higher.

The dollar came under heavy pressure again on Friday, with NY sending the EU majors back towards last Thursday's highs as traders continue to digest the Fed's mildly more dovish than expected outlook. Commodities rallied strongly, giving a reprieve to the commodity bloc currencies, while equities had a good session, with the FTSE making an all time high, reaching 7000. This week will be largely dominated by US data, with the CPI, Durable Goods and GDP all due. Merkel/Tsipras meet in Berlin toda …
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23 Mar: FX Charts video outlook

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20 Mar: Life returns to the dollar, while equities slip following the Fed outlook

The dollar has found new life since yesterday's manic sell-off in the wake of the FOMC announcement, and most currencies have given up much of their gains. Equities are generally lower, although the Australian SPI has held on to most of its gains, in eyeing the chance of an imminent RBA rate cut and will be closely watching what RBA Governor Stevens has to say today. Elsewhere there is little to drive the currency markets and it could be a rather quiet session, with many players sitting on the s …
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19 Mar: US$ takes a beating following the FOMC.

The dollar took a beating on all fronts following the cautious outlook from the FOMC as traders rushed to cut long positions and with further weakness looking possible in the sessions ahead. Commodities repriced themselves higher on the back of the weaker dollar and the US stock indices have had the biggest rally since January. Today will be another busy one, starting with the NZ GDP, coming up shortly. Later sees the SNB IR Decision and then LTRO figures from the EU, while from the US ewe get …
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18 Mar: US$ mixed. All eyes on the FOMC meeting and the Fed’s need for continued “patience” – or maybe not!

The dollar is relatively steady today against most of the majors ahead of the FOMC meeting and it looks like being a fairly quiet session until the release of the Statement, with the main focus being on whether or not the Fed still sees the need to be "patient" before hiking rates later in the year. Until the FOMC it looks like being pretty quiet, although before then, Asia gets the Japanese Trade Balance and the BOJ Monthly report. From the UK, the BOE Minutes and Employment data will be releas …
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17 Mar: US$ reverses mildly ahead of the FOMC. EU CPI, ZEW today. RBA Minutes, BOJ meeting coming up in Asia

The dollar fell across the board today, on the back of some soft US data and on concerns that its recent rise has been too rapid, which could prompt the Fed to be a little more cautious about raising interest rates this year and may prompt it to keep the word "patience " in the language at Wednesday's FOMC meeting. Today's action will come, firstly in Asia from the BOJ Meeting and the RBA Minutes of their previous meeting, while later in Europe, the German ZEW and the EU CPI data will be the mai …
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