UK Services PMI is based on a survey of purchasing managers in the services sector. Respondents are surveyed for their view of the economy and business conditions in the UK. A reading which is higher than the market forecast is bullish for the pound. Here are all the details, and 5 possible outcomes for GBP/USD. Published on Thursday at 9:30 … “GBP/USD: Trading the UK Services PMI”
Month: January 2017
FOMC Minutes to explain hawkish shift – 4 opinions
In its December meeting, the FED not only raised rates, but also took a hawkish stance, upgrading the dot-plot for 2017, this year. We will now get the meeting minutes for this event. What can we expect? Here are views from Bank of America, Goldman Sachs, Here is their view, courtesy of eFXnews: Preview: 3 Things To … “FOMC Minutes to explain hawkish shift – 4 opinions”
Selling the Aussie: We stay short on crosses – Morgan
The Australian dollar had a relatively stable year in 2016, but this may not last too long. Here is the view from Morgan Stanley: Here is their view, courtesy of eFXnews: Last year, the AUD often appeared on top of many selling recommendation lists. Not so this year, where we feel markets may not recognise … “Selling the Aussie: We stay short on crosses – Morgan”
British Pound Touches Its Lowest Level Since October Against US Dollar
The British pound touched its lowest level in two months against the US dollar on Tuesday, as the greenback gained more strength against its main peers. Traders expect the US currency to continue its strong performance in the first quarter of 2017. The British pound rose to its highest level in two weeks against the euro earlier today, after a new reading for manufacturing activity in the United Kingdom showed more gains than expected. … “British Pound Touches Its Lowest Level Since October Against US Dollar”
US Dollar Remains Bullish Backed by Strong Manufacturing data
The US dollar opened trading in the new year on a bullish trend yesterday, which was further boosted by the release of positive manufacturing data today. The US ISM Manufacturing Report was released today indicating a positive change in the growth within the manufacturing sector. The US dollar strengthened against other currencies immediately after the release, but later lost some ground against major currencies such as the British pound. The US dollar continues with the bullish … “US Dollar Remains Bullish Backed by Strong Manufacturing data”
5 Most Predictable Currency Pairs – Q1 2017
Some currency pairs perform better than others. A predictable currency pair tends to slow down ahead of a clear obstacle such as a clear line of support or resistance and retreat, creating a double-bottom or a double-top. And if momentum is strong enough, the pair will make a clear breakout, leaving dust behind it and continuing to … “5 Most Predictable Currency Pairs – Q1 2017”
5 Most Predictable Currency Pairs – Q1 2017
Some currency pairs perform better than others. A predictable currency pair tends to slow down ahead of a clear obstacle such as a clear line of support or resistance and retreat, creating a double-bottom or a double-top. And if momentum is strong enough, the pair will make a clear breakout, leaving dust behind it and continuing to … “5 Most Predictable Currency Pairs – Q1 2017”
USD/JPY: Trading the ISM Manufacturing PMI
The ISM Manufacturing PMI (Purchasing Managers’ Index) is based on a survey of purchasing managers in the manufacturing sector. Respondents are surveyed for their view of the economy and business conditions in the US. A reading which is higher than the market forecast is bullish for the dollar. Here are all the details, and 5 … “USD/JPY: Trading the ISM Manufacturing PMI”