It’s all painstakingly slow at the Federal Reserve in terms of the assessment of improvement in the economy. If you’re looking for bearish ammunition in the minutes, there is not much fodder to get your teeth into.
Last year, one of the persistent themes in the forex market was the “King Dollar” trade. As we move into 2015, the key question on many traders’ minds is whether King Dollar will extend his reign into another year, making it into a multi-year “dynasty.”
How long should we expect a bid to carry Treasury and Eurodollar futures in a year-end window dressing period that provides little exciting economic data and an extremely light Treasury auction calendar?