The Traderszone Network

The latest from the WSJ Fedwatcher
A few good points from Jon Hilsenrath’s report on the Fed’s next step.
“Some officials could prefer to wait until their September meeting to consider lifting rates”

The U.S.-China Strategic and Economic Dialogue, the last under President Obama, could take on a different tone from previous years.

Do you trust an early Asia-Pacific move?
The dollar is showing some life and maybe that’s a signal for the rest of the week but it’s tough to believe 20-50 pip bounces after the hard fall on Friday.

Lew chastises China for poor economic communication
The US, evidently, prefers its economic wounds to be self-inflicted.
On the turmoil that followed policy shifts in China this year, he said it was “something that was confusing and not well communicated, and it gave rise to fears that China’s economy was in a much weaker place than it actually appears to be or was perceived by policy makers to be,” on Bloomberg Television.

Nothing we haven’t heard before
– Closely watching forex moves
– FX stability is extremely important
The jawboning has started again after the weak non-farm payrolls report cut down USD/JPY.

What’s the trade?
Non-farm payrolls seemed like a game changer but the US dollar has already made up all the lost ground against the pound and it’s creeping higher across the board today.