The EUR/USD continues to drive towards 1.29. Disappointing US Retail sales and global economic malaise have the market convinced that the Federal Reserve will push their first rate hike further down 2015. Based on Chair Yellen’s first post FOMC press conference the market was expecting the first rate hike to come as early as Spring 2015. The Fed has tried to dissuade the market to not think of a schedule, but rather the hikes will come when the economy is ready. That is what has the market so jittery. Economic recovery hit an uncertainty patch that has now stretched the first rate hike maybe beyond 2015 and it will ... (full story)