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It’s Fed Day
Tough times for central bankers. Equity rout continues pre-Fed. European confidence making a comeback. Profit-taking risk ahead of BoE.
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U.S. data weighs on dollar
On both sides of the border. Retail sales miss weighs on dollar. Clearing the $1.09 barrier. Knocking on the door of $1.30.
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Looking at central banks
Contrasting trade war tactics. Stocks rebound despite stagflation signs. Establishing a higher bottom? Resilient sterling awaits BoE decision.
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FX consolidates while U.S. equities suffer
Stocks dip, Loonie stays unfazed. Equities enter correction territory. Euro outlook remains complex. UK economic concerns mount after GDP miss.