It's the weekly currency edition of What the FICC?
Despite the overarching range-bound action and intraday indecision across the currency markets, I continue to find trade setups with well-defined risks.
I thought it was odd bonds didn't react to last week's rate hike. Regardless, the lack of volatility represents a positive development for risk assets, especially stocks.
The near-term direction of US interest rates will play a major role in how market conditions resolve in the coming weeks. This is a chart you want to monitor closely...
