The Bank of England has not changed its policy but has expressed several concerns. These concerns comprise of baby steps towards removing the hawkish bias and weigh on the pound. GBP/USD faces several support levels on the way down. The Bank of England has been moving towards the dovish side, beginning to align itself with its peers. … “5 dovish moves by the BOE that send GBP/USD down”
Category: Opinions
BOE may join the gang and go dovish, weighing on the pound
The BOE has been holding up its intention to raise interest rates. Uncertainty about Brexit and global headwinds may push the pound back to neutral. GBP/USD is vulnerable ahead of the decision. The world’s most prominent central banks have turned dovish – and it may the Bank of England’s turn now. The BOE has been forecasting rate … “BOE may join the gang and go dovish, weighing on the pound”
3 reasons why the USD can recover after the Fed’s blow
The Federal Reserve has left rates unchanged but downgraded its language. There are three reasons why the USD retreated on the news. But there are also three factors that could send it back up. The Federal Reserve has left the interest rates unchanged as broadly expected but has also made significant changes that open the door to … “3 reasons why the USD can recover after the Fed’s blow”
USD: US Retail Sales: Supports The Case For Fed To Not Cut Rates As Early As Market Expects – CIBC
US retail sales have beaten expectations with substantial gains on top of upward revisions. The data may cause second thoughts at the Fed. CIBC Research discusses its reaction to today’s US retail sales report for the month of May. “US retail sales improved in May following an upwardly revised prior month. The downside miss on headline retailing, … “USD: US Retail Sales: Supports The Case For Fed To Not Cut Rates As Early As Market Expects – CIBC”
USD/JPY may lose on any Fed decision
USD/JPY has stabilized as trade wars have intensified and tension mount. The Fed is set to leave rates unchanged but to hint of cuts. Mid-June’s daily chart shows a mixed picture. Experts foresee another drop in the short-term with a rise later on. What just happened: Trade wars continue USD/JPY has been torn by two … “USD/JPY may lose on any Fed decision”
GBP/USD awaits Boris Johnson, the BOE, and the Fed
GBP/USD has been falling as the USD resumed its gains. The Bank of England’s decision, further rounds of the Conservative Contest and the Fed stand out. The daily chart for the third week of June remains bearish. The FX Poll points to falls in the short term and rises afterward. What just happened: Bracing for … “GBP/USD awaits Boris Johnson, the BOE, and the Fed”
Five things to watch in the Fed decision
The Federal Reserve has been under growing pressure to cut interest rates. The Fed will likely leave rates unchanged, and markets will move in response to policy hints. Five critical factors will move markets and the USD. To cut interest rates or not to cut them? – this is the question – not for the June meeting, … “Five things to watch in the Fed decision”
3 pound-positive things in Boris Johnson’s launch speech
Boris Johnson has launched his campaign to lead the country by pledging to leave the EU. He has also provided three positive comments that balance the picture. GBP/USD has room to rise if Johnson indeed moderates once in office. Former foreign secretary Boris Johnson has let his opponents sweat and has finally launched his campaign … “3 pound-positive things in Boris Johnson’s launch speech”
US inflation may send the USD down
The US Consumer Price Index report due on June 12th is a critical input for next week’s Fed decision. The FXStreet Surprise Index has correctly predicted the Non-Farm Payrolls report. The Index points to weak CPI and that could be detrimental for the USD. The previous piece analyzing the FXStreet Surprise Index about the Non-Farm Payrolls has correctly predicted the bitter … “US inflation may send the USD down”
GBP/USD may extend its falls on the UK jobs report
The pound has been suffering from a poor GDP read for April. A bitter disappointment in the same month’s jobs report may be on the cards. GBP/USD may be unprepared for this outcome, potentially extending its falls. UK economic output has already been hit from Brexit uncertainty – and the job market may suffer the … “GBP/USD may extend its falls on the UK jobs report”