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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.

The minutes from each Federal Reserve meeting are released three weeks after the meeting itself, meaning that they’re generally stale under the best of circumstances...

As we anticipated yesterday (see here and here), the risk-on rally in the wake of this weekend’s “trade war truce” between the US and China has sputtered out relatively quickly. With US officials sending mixed messages about the content of the agreement and Chinese leaders maintaining radio silence, investors are increasingly concerned that a broad,...

With the prospects of another sell-off in the stock markets still alive, the USD/JPY could be in danger of breaking down amid potential safe haven flows into the yen.

Last month, the Federal Reserve changed a grand total of about twelve words in its most recent monetary policy statement, so traders were understandably unexcited for the release of today’s FOMC minutes.

As a reminder for traders who are still a bit groggy after celebrating America’s independence yesterday, the Federal Reserve opted to raise its benchmark interest rate by 25bps to the 1.75-2.00% at its meeting three weeks ago...

USD/JPY continued to breakdown on Thursday as the US dollar came under some pressure after Wednesday’s release of dovish-leaning minutes from the Federal Reserve’s last meeting, and the safe-haven Japanese yen received a boost on heightened geopolitical tensions.

On Wednesday, as markets awaited the scheduled release of minutes from the Federal Reserve’s last FOMC meeting, the US dollar continued to rally, hitting a new year-to-date high.

One of the major market themes of the past few months has been the steep rise of the US dollar after it broke out in mid-April above its previous consolidation near multi-year lows.

Market action in the past week has been driven to a large extent by heightened concerns over US-China trade negotiations, an extended rise in crude oil prices, and surging bond yields that indicate persistently increasing interest rate expectations.

Though the recently pressured US dollar was on the rebound on Thursday, British pound strength helped boost GBP/USD to extend its rise towards a retest of its late-March highs above 1.4240.

USD/CAD has continued to slide for much of the past three weeks as the US dollar has remained under sustained pressure while the Canadian dollar has benefited from, among other factors, provisional exemption from US President Trump’s imposition of import tariffs.