Few traders are more in-tune with the news than Adam Button. The co-owner and managing director of ForexLive.com is one of the most-followed sources of live commentary on economic news. Formerly a financial journalist, he was consistently amazed at how often market watchers missed headlines. Mr. Button is also a currency analyst at Intermarket Strategy and was the chief currency strategist at XForex.
A long list of fears is weighing on risk appetite and adding to volatility at the moment, but each will be manageable or passing, except for inflation, says Adam Button of ForexLive.com.
Stocks took a fresh hit after a Powell-Yellen double warning on US government credit default in the event that the debt ceiling was not raised, says Adam Button of ForexLive.com.
When the Fed dots shifted hawkishly in June, the bond market balked, and long-end yields fell in a signal the FOMC could be making a policy error, says Adam Button of ForexLive.com.
Robust US retail sales led to a broad USD bid on Thursday, but FX is pulling back ahead of the weekend, with the exception for the Swiss franc, which is the weakest currency of the past week and month, says Adam Button of ForexLive.com.