FOREX TRADERS

[ultimatepick]

Stuff to watch for in the weeks to come.

http://www.forexfactory.com/showthread.php?t=31721

EUR/USD was little changed during Asia trade. Some analysts suggest that technical adjustment is the main factor driving the USD while increasing expectations of an ECB rate hike is supporting the EUR. Today's comments from the ECB were certainly hawkish and are supporting the view that the ECB will not be done in June. The futures market has fully priced in the expectation that the Fed will keep rates on hold at its June and August meetings. The implied probability that the Fed will cut rates once by the end of the year fell as low as 44% from 50% earlier on Tuesday and 58% on Friday. The CAD added on to gains against the USD after the hawkish commentary from the Bank of Canada (USD/CAD -0.05%). The AUD/USD remains below 0.8200 after disappointing retail sales figures, and nervousness over the situation in China (any sell-off in China could trigger a bout of carry trade unwinding and declines in commodity prices).