The British Pound is trading above 1.3000 but still remains under a lot of pressure. Did it suffer too much? Here is their view, courtesy of eFXdata: Barclays Research discusses GBP outlook and argues that while GBP remains susceptible to headline risk but a lot of negativity is already priced. “Despite the softness in June inflation … “GBP: A Lot Of Negativity Now In The Price – Barclays”
Month: July 2018
GBP: A Lot Of Negativity Now In The Price – Barclays
The British Pound is trading above 1.3000 but still remains under a lot of pressure. Did it suffer too much? Here is their view, courtesy of eFXdata: Barclays Research discusses GBP outlook and argues that while GBP remains susceptible to headline risk but a lot of negativity is already priced. “Despite the softness in June inflation … “GBP: A Lot Of Negativity Now In The Price – Barclays”
Switzerland âCan Live Withâ Franc Being Overvalued Against the Euro
The Swiss franc is overvalued compared to the euro, but the nation and its businesses âcan live withâ the current exchange rate, says Ueli Maurer, Switzerlandâs Finance Minister. The Swiss franc, which has gained more than 5% against the euro over the last 12 months, is dipping on Thursday after his remarks. Speaking in an interview with Reuters earlier this week, Maurer said that his government would … “Switzerland âCan Live Withâ Franc Being Overvalued Against the Euro”
British Pound Hits 10-Month Lows on Disappointing UK Retail Sales
The British pound today dropped to new 10-month lows following the release of disappointing UK retail sales data for June. The GBP/USD currency pair extended its losing streak for the third consecutive day even as investors ditched the pound on Brexit jitters amid weak economic releases. The GBP/USD currency pair today dropped from an initial high of 1.3082 to a low of 1.2974 and was on a downtrend at the time of writing. The UK retail sales data released … “British Pound Hits 10-Month Lows on Disappointing UK Retail Sales”
Bullish Jerome Powell Congressional Testimony Sends Canadian Dollar Lower
The Canadian dollar is trading lower midweek as the head of the US central bank wrapped up his semi-annual testimony on Capitol Hill on Wednesday and investors eye the latest US economic data. Analysts warn that the loonie is not expected to record any significant movement in the coming weeks until trade negotiations between Washington and Ottawa are completed. Federal Reserve Chair Jerome Powell spoke before the House Financial Services … “Bullish Jerome Powell Congressional Testimony Sends Canadian Dollar Lower”
Three Majors, Three Reversals
It has been a hectic week for the FX world. I believe the weeks to come will be even more hectic and the old adage to sell in May and go away might not count this year. Which pairs I believe are poised to reverse and why. Please find below my ideas and thoughts. 1) … “Three Majors, Three Reversals”
Three Majors, Three Reversals
It has been a hectic week for the FX world. I believe the weeks to come will be even more hectic and the old adage to sell in May and go away might not count this year. Which pairs I believe are poised to reverse and why. Please find below my ideas and thoughts. 1) … “Three Majors, Three Reversals”
Trade wars: The writing is on the wall, markets don’t bother reading it
More and more warnings about trade abound, but markets take things with a stride. Powell said that the Fed continues raising rates for now. “For now” may apply to market calm. Our third tranche of Trade War from the Trenches discusses the calm that may precede a storm. No news is good news. The old saying is … “Trade wars: The writing is on the wall, markets don’t bother reading it”
Trade wars: The writing is on the wall, markets don’t bother reading it
More and more warnings about trade abound, but markets take things with a stride. Powell said that the Fed continues raising rates for now. “For now” may apply to market calm. Our third tranche of Trade War from the Trenches discusses the calm that may precede a storm. No news is good news. The old saying is … “Trade wars: The writing is on the wall, markets don’t bother reading it”
Euro Edges Lower on Jerome Powell Testimony, Rallying US Dollar
The euro slumped on Tuesday during Federal Reserve Chair Jerome Powellâs semi-annual testimony on Capitol Hill. As Powell told the US Senate Banking Committee that continued, gradual increases to interest rates will be the desired monetary policy moving forward, the euro fell against the US dollar, adding to its steep year-to-date losses. Powell, who will be speaking before the House Financial Services Committee on Wednesday, delivered an upbeat … “Euro Edges Lower on Jerome Powell Testimony, Rallying US Dollar”