NY Open: Twenty pounds of headlines
Markets started the day in a confusion of incoming news as ECB chatter met with trade talk updates and US macro data. EURUSD took it on the chin and dropped from 1.1270 to 1.1235.
Head of Editorial Content, Saxo Bank
Summary: Today's Morning Call sees Saxo's strategy team discuss yesterday's FOMC meeting, where Fed chair Jerome Powell expressed an apparent willingness to second-guess the central bank's aggressive QT plans.