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October 29, 2026
FX Daily Strategy: Europe, Oct 29
October 29, 2026 7:20 AM UTC
FOMC offers no great shocks and leaves market pricing for a Dec hike
Focus turns to the ECB, looking for any dovish deviations, with one eye on financial conditions
EUR/USD would need to regain 1.12 to point to fast money s/t profit-taking winning out, else bearish structure continues to dominate
US PC
October 28, 2026
FOMC - Pause, but no clear dovish signals
October 28, 2026 7:41 PM UTC
The FOMC left rates unchanged at 3.75-4.0% as expected but still appears to be on track for a December tightening. The Fed stated accumulation of more information will help the Fed determine the appropriate stance to return inflation to the 2% target. We suspect a slowing economy and stabilizing inf
FOMC - Pause, but no clear dovish signals
October 28, 2026 7:40 PM UTC
The FOMC left rates unchanged at 3.75-4.0% as expected but still appears to be on track for a December tightening. The Fed stated accumulation of more information will help the Fed determine the appropriate stance to return inflation to the 2% target. We suspect a slowing economy and stabilizing inf
FX Daily Strategy: Asia, Oct 29
October 28, 2026 7:05 PM UTC
FOMC offers no great shocks and leaves market pricing for a Dec hike
Focus turns to the ECB, looking for any dovish deviations, with one eye on financial conditions
EUR/USD would need to regain 1.12 to point to fast money s/t profit-taking winning out, else bearish structure continues to dominate
US PC
EUR/USD, USD/JPY flows - Fed holds, 10-2 vote, bullish on growth and Dec hike still seems on track
October 28, 2026 6:12 PM UTC
Limited reaction to expected pause, details still suggest Dec hike eyed, as priced
Market may be tempted to cover some fast money dollar longs intraday, but no great lasting impact
Focus shifts to presser then ECB
ECB Preview: October Hold but Markets to Focus on Response to Widening Spreads
October 28, 2026 3:55 PM UTC
The ECB is widely expected to keep rates on hold this Thursday with financial markets instead focusing on the tone of the statement and President Lagarde’s comments in the press conference. In particular, analysts will be keen to hear whether September’s hawkish language has changed given France
ECB Preview: October Hold but Markets to Focus on Response to Widening Spreads
October 28, 2026 3:55 PM UTC
The ECB is widely expected to keep rates on hold this Thursday with financial markets instead focusing on the tone of the statement and President Lagarde’s comments in the press conference. In particular, analysts will be keen to hear whether September’s hawkish language has changed given France