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The Federal Open Market Committee (FOMC) will speak this evening regarding America’s monetary policy, outlining economic and financial conditions. Hopefully, this will give us a clear indication of what to expect in terms of their future interest rate policies. The FOMC meeting will no doubt have a direct effect on…

The US Dollar took a battering yesterday following a poor data day for the States. US non-manufacturing came in at 53.5, below the expected 55.1, while ADP figures also showed a slowdown in private sector job growth. However, the real losses for the Greenback came after the Fed’s William Dudley…

The US Dollar continues to pressure both the Euro and the Pound following yesterday’s strong December consumer confidence reading coming in at 96.5, considerably above the expected 93.8. As a consequence, GBPUSD dipped into 1.47 range then slowly consolidated back to low 1.48. A similar trend was apparent against the…