Love the inflation talk. Love the 240 pips instant gap on EURNZD.

You're welcome to believe that; it's your trading account. But 70% correlation is not "basically the same". You're leaving a lot of trades and money on the table if you maintain that belief.

On a short term basis that's true, but on a Daily and longer term basis USDCHF is only correlated to EURUSD at about 70%.

Not that I really believe him, but the jawboning should be positive for USD. We see this in the continued rise of USDCHF and EURUSD heading lower. Dudley and Fischer may add a boost to this.

I guess so. I read through the report and didn't see anything positive other than them saying the country isn't going to implode within the next 24 hours. Seems a bit of a sucker rally, but then again, I might be the sucker.

"The outlook for the global economy has deteriorated" "Soft global growth and momentum in global commodity production have contributed to weak prices for New Zealand’s commodity exports" This sounds like awful bad news and should be dovish. I see ...

Bearish for USD as it puts a June Fed rate hike much more in doubt. This is offset somewhat by risk-aversion buying of USD. Overall USD will meander lower, but don't expect the entire move in 1 hour, 1 day, or 1 week.

Because there was more to the statement than that paragraph. They continue to leave out the "balance of risk" language and are essentially saying "yes, we're gonna raise rates, but do it as we see the situation unfold." Yes, not super hawkish, but ...

Fed is open to June rate hike. Overall sounds hawkish. But not overly so.

Yes, the response to the March 10th announcement was generally positive as eurusd moved from 1.1000 on March 10th to about 1.1350 today. Assuming traders are of the same mind as one month ago, we should see a continued rise in the pair.

Seems reasonable. I think the fear of Brexit will continue putting pressure on gbp. Sentiment is very mixed right now. There are short term opportunities right now but it may bounce around a bit until the June vote.

The sentiment picture on GBPUSD is quite mixed at the moment. FXCM shows retail traders slightly long and MyFxBook community shows slightly short. Oanda also has retail traders a bit short. None of these show a definitive contrarian direction. GBP ...

I'm not sure how many dozens of times per month we get news out that oil producer cuts are coming only to be backpedaled a few hours later. I imagine this meeting will be much of the same. I'm sure they'll officially announce that production cuts ...

Exactly. A little bit for everyone, some good news and some bad news. The NFP is starting to turn into a non-event. Always so much anticipation, but doesn't amount to much price action.

"when Bank Rate does begin to rise, it is expected to do so more gradually and to a lower level than in recent cycles". This language from the report sounds dovish. GBP rising though. Expectation might have been for more easing.

If she pulls a Draghi, she say something that is incredibly hawkish to send USD the other way!

"with gradual adjustments in the stance of monetary policy". Sounds a bit dovish.