Super Thursday for the BOE: Rate cut? QE? Or both?

The Bank of England kept us waiting at the first post-Brexit decision. They wanted to wait for more data and perhaps to coordinate with the newly formed government. The wait is over: Carney and his team will now have the fresh Quarterly Inflation Report as well as PMI data. They are expected to take at … “Super Thursday for the BOE: Rate cut? QE? Or both?”

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JPY Still Undervalued; USD/JPY: To Drift Lower Towards 98

The BOJ did not add significant stimulus and the government did not surprise with its stimulus program. More falls in store? Here are the thoughts from BTMU: Here is their view, courtesy of eFXnews: The yen continues to trade on a stronger footing after the BoJ disappointed market expectations by only tweaking monetary policy settings at … “JPY Still Undervalued; USD/JPY: To Drift Lower Towards 98”

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Is Trump preparing to lose? This could lower market

In the past 5 days, there may have been a big shift in the standings in the US presidential elections. A mostly successful Democratic convention and outlandish statements by Trump, even by his own terms, have shifted the polls. The attacks of Donald Trump against the bereaved parents of a fallen soldier may be a big moment that … “Is Trump preparing to lose? This could lower market”

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GBP/USD: Trading the British UK Services PMI

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 Tuesday at 8:30 … “GBP/USD: Trading the British UK Services PMI”

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About the frustrating narrow range of EUR/USD

The world’s most popular pair must be losing some of its popularity. For a long period of time, EUR/USD is trading in a relatively narrow range. And this is not the first time this happens in recent memory. While some like range trading, the scarce number of pips to be made and the choppy nature make the pair unattractive … “About the frustrating narrow range of EUR/USD”

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Beware Of A Short Squeeze In GBP/USD And A Spike

The US dollar is on the defensive with a string of poor data. Can this turn into a bigger move? Here is the view from SocGen: Here is their view, courtesy of eFXnews: The US economy is still trundling along at a 2%-ish rate, unable to deliver an investment-led acceleration but unlikely to see these … “Beware Of A Short Squeeze In GBP/USD And A Spike”

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USD Looking South; The Pain Trade Has Started – Morgan

The US dollar was hit by the Fed and then by GDP. And it could go further south: Here is their view, courtesy of eFXnews: USD looking south: The Fed has little to gain by hiking rates early. Hence, we regard the recent rise in real US yields that has supported the 4% USD rally seen … “USD Looking South; The Pain Trade Has Started – Morgan”

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USD/JPY to 100 and below – 3 post BOJ opinions

The BOJ did not deliver on the high hopes of markets, sending dollar/yen to lower ground. What’s next? More falls? Here are 3 opinions: Here is their view, courtesy of eFXnews: USD/JPY: Post-Brexit Rebound Has Ended; Buy Dips Below 100 – BofA Merrill At the Monetary Policy Meeting (MPM) of 28-29 July, the BoJ decided to … “USD/JPY to 100 and below – 3 post BOJ opinions”

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BOJ Preview: Will the helicopter fly or crash?

The Bank of Japan convenes tonight, early on July 29th, and this will definitely be a monumental decision for markets. The stakes are high after a big buildup. The government led by Shinzo Abe faced the electorate in early July and won more seats in the Upper House. From that win on July 2nd, talk of fiscal stimulus began … “BOJ Preview: Will the helicopter fly or crash?”

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