Dollar is cranking! Head fake?

Minutes of the Federal Open Market Committee

Based on the fact that currencies are ultimately driven by interest rates (and rate expectations). The expectation continues to be that the US will be the first to raise interest rate (if anyone ever does), therefore the USD in going benefit from ...

ADP: Private Sector Employment Increased by 169,000 Jobs in April

Yes, but 'rate hike' is still in the Fed's vocabulary which is more hawkish than can be said for other central banks. Therefore, USD will continue to be stronger. We are in a consolidation from a large move. Likely we will bounce for a couple weeks ...

ADP: Private Sector Employment Increased by 169,000 Jobs in April

It's the block-chain technology that they're interested in. Bitcoin is just the start of block-chain transactions. With this technology anything could change ownership WITHOUT the use of a bank, currency, State, or corporate meddling. Very exciting ...

Goldman Sachs is parking millions in a bitcoin business with no pressing plans to make money

Well, that was pretty bad. Should help the dollar retrace unless it panics and risk is off. Then dollar will rise.

US Gross Domestic Product, 1st quarter 2015 (advance estimate)

This may put a temporary blip in the dollar rise. Still other countries are going to be inflating more than the US despite this awful number. It does appear the trend is back to recession.

The Conference Board Consumer Confidence Index Retreats in April

My sense is that there was a whisper expectation that uk gdp was going to be negative. It remained somewhat positive, therefore the gbpusd is being bought. 200 MA is at 1.5700 so it could easily retest that area before heading back down.

UK Gross Domestic Product Preliminary Estimate, Q1

CHF getting a bit slammed on this news. Probably just a momentary reaction. Traders see a press release from Swiss Bank and they just start clearing positions to avoid a black swan.

Fewer exemptions from negative interest on sight deposit accounts at SNB

Therefore a continuation of the recent overall trend...dollar strength.

FOMC To Play It Safe

Yes, this certainly offsets the bad durable goods news. Probably puts markets on a more positive tilt.

The Conference Board Consumer Confidence Index Rebounds

nice reversal on cad pairs. Horrible retail sales brought cad down, and this rate "news" brings it right back up and more.

Bank of Canada maintains overnight rate target at 1 per cent

Yes, the volatility is great! Finally adds some excitement to trading.

Retail Sales in U.S. Decreased More Than Forecast in September

Against the yen yes. But relative to the euro, the dollar may not fall much. Euro news has been even more awful lately.

Retail Sales in U.S. Decreased More Than Forecast in September

After that hiccup with Yellen's first speech, she is very careful to stay on message lately.

Yellen: Monetary Policy and the Economic Recovery

Agreed. Still seems in the dovish direction for CAD

Bank of Canada maintains overnight rate target at 1 per cent

From the bloomberg article “I thought 85 U.S. cents would be closer to the mark than 95 cents,” he said in an interview published today in the Australian Financial Review. “But really, I don’t think we can be that precise.” Notice he wasn't up at ...

RBA's Stevens says Australia needs A$ closer to 85 U.S. cents