Market News

Yesterday’s failure to break above the 1.2910-20 level will make it difficult for options plays towards 1.3000 for the highly publicized expiries at 10 AM EST this morning.  With little else going on in the G7 currency  complex these options may just fizzle out and slowly fade away as we trade near 1.2860 for the

Extremely quiet overnight sessions in the Far East & UK saw all G7 currency pairs trade within a 25-50 point range.  U.S. building permits & housing starts are due out at 8:30 AM EST but lethargy is gripping the market.  Players are awaiting finalization of a U.S. tax package to be passed in Congress as

Extremely quiet overnight sessions with all G7 pairs trading within tight ranges ahead of today’s US PI data at 8:30AM EST followed by the much anticipated FOMC rate decision oat 2PM EST. As previously mentioned, the Fed hiking rates is as much of a sure thing as you can get in today’s markets so focus

Relatively quiet overnight session once again with the market keeping the powder dry for tomorrow’s U.S. CPI data and the FOMC rate announcement. A rate hike is virtually a given so the action is likely to occur if inflation data is strong as the market is looking to price in 2018 hikes on a firmer

The US$ ends the overnight session on a weaker tone on concerns over the Tax Reform Bill because the Senate’s tax bill preserves Alternative Minimum Tax which effectively prevents companies from taking advantage of other tax breaks, especially in the high-tech sector. At this point it’s unclear what effect the oversight will have on the