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See a summary of the top themes and trends from today's US session!

After such an unexpected dovish tilt, you would have expected to see further immediate follow-through in momentum for the dollar and stocks.

As we noted in yesterday’s FOMC Preview report, the US central bank was never going to make any immediate changes to policy, leaving traders to read Powell and Company’s tea leaves for implications about future tweaks. As it turns out, the tea leaves were clear: The Fed has undergone a major dovish shift.

The GBP/USD and the other pound crosses are understandably very sensitive to Brexit-related headlines given that we are fast approaching the March 29 exit date.

Spoiler alert: The Federal Reserve won’t be making any immediate changes to monetary policy at the conclusion to this week’s two-day meeting. Nonetheless, it would be a mistake for traders to ignore the central bank’s economic projections and comments.

US and China are apparently close to a trade deal (how many times are we going to hear this?) that could lift most or all US tariffs – as long as Beijing follows through on its ledges. This is yet again providing the main boost for equities but sooner or later, investors will start focusing on something else.

Today’s economic calendar is light on traditional economic data, but heavy on high-stakes testimonies with President Trump’s former attorney Michael Cohen, US Trade Representative Robert Lighthizer, and Fed Chair Jerome Powell all getting grilled by lawmakers, simultaneously. Michael Cohen’s testimony could have long-term legal ramifications for the...

Despite a powerful winter storm forcing the Federal Reserve’s Washington DC offices to close, the central bank was still able to release the minutes from its late January meeting.

Commodity dollars in focus but overall only handful of market-moving data with China being out the whole week in observance of the spring festival.

Friday’s jobs and wages numbers may turn out to be not so significant in terms of their potential market impact as investors will still be assessing the Fed’s apparent U-turn in its monetary policy stance – unless the data turn out to be significantly strong or significantly weak.

With seemingly every member of the Federal Reserve emphasizing that the central bank would be “patient” following its December interest rate hike, it came as no surprise that the Fed left interest rates unchanged today. And, despite the speculation that Chairman Powell and Company could revisit their balance sheet rundown strategy, the central bank ...

The FX markets have been rather quiet so far this week. However there have been a couple of exceptions.