Should we take heed of the alarmist nature of ESMA's view that the 'disturbance' of the FX market is a major reason for the FX Global Code to be brought in to crack down on spot FX? It is time to fight back against this draconian nonsense and to stand your ground.
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Daily Market Updates
USD: Any Talk Of Fed Tapering Premature; Biden's Plan Could Tamper Recent Rise In US Yields
Citi discusses the outlook for the Fed policy trajectory.
Citi discusses the outlook for the Fed's policy trajectory over the coming months.
Credit Suisse discusses EUR/USD technical outlook and sees a scope for a prolonged correction phase in the near-term.
Bank of America Global Research discusses its expectations for the global economy into year-end.
How Taxes Work In The Economy
Some people may be confused on how taxes work when it comes to the economy, so, here's some information that can help.
Big U.S. Bank Cuts Its EUR/USD Long
In its daily note to clients, J.P Morgan said it was out of their euro longs before Wednesday's euro zone PMI data, which did little to alleviate concern over growth but weren't bad enough to induce another aggressive sell-off.
Danske Research highlights 3 key factors which will likely set the path for the USD weakness over the coming months.
MUFG Research discusses the EUR outlook and expects more aggressive ECB communications in the near-term to slow the recent rally in the pair.
RBA Decision Unlikely To Deter AUD/USD Bulls
The Reserve Bank of Australia meets tomorrow and they are widely expected to maintain the cash rate at 0.25% and continue to target the 3-year government bond yield at 0.25%.
The market will focus on RBA Governor Philip Lowe's statement, which will likely be very similar to the September statement