The Bank of England makes its rate decision and publishes new forecasts precisely 50 days before Brexit Day. Growing uncertainty about the historic departure is set to paralyze any new decisions. However, Governor Carney can surprise markets by changing assumptions or ramping up contingency plans. This is a “Super Thursday.” In addition to the regular … “BOE preview: Carney can cause carnage with contingencies”
Category: Opinions
Can CAD continue higher? Jobs will have their say
USD/CAD fell sharply on US Dollar weakness and recovering oil prices. The jobs report stands out in the first full week of February. The technical picture is bearish for the pair. This was the week: Dovish Fed dominates The US Federal Reserve made a dovish shift, saying it will be patient with raising rates. Also, … “Can CAD continue higher? Jobs will have their say”
GBP/USD at the mercy of Brexit and the BOE cannot help
GBP/USD was remarkably stable amid Fed and Brexit turbulence. The BOE and quarterly GDP stand out in a busy week. The technical picture remains bullish for the pair. Experts are bearish in the short and medium terms. This was the week: Trying to renegotiate Brexit and the Fed doves The UK Parliament debated amendments to … “GBP/USD at the mercy of Brexit and the BOE cannot help”
3 things to watch after the mixed NFP
Both jobs and wages were mixed in the first report for 2019. The confusing data justify a patient approach by the Fed. The US Dollar may follow the Fed’s lead and remain patient. Three mixed messages: 1) Headline The US economy gained 304,000 Non-Farm jobs in January, far above 165K expected or any “whisper” expectations stemming … “3 things to watch after the mixed NFP”
USD/JPY one-two punched by the Fed and global growth
USD/JPY dropped mostly due to the Fed’s dovish decision. The services sector survey stands out in the first full week of February. The technical picture is becoming mixed for the pair. This was the week: Dovish Fed dominates The Federal Reserve made a significant dovish twist. They no longer foresee a gradual increase in interest rates but … “USD/JPY one-two punched by the Fed and global growth”
USD: Vulnerable To A Shift In Positioning After Dovish Fed Signals – Danske
The US Dollar lost some ground after the dovish Fed, but has the move reached its end? Here is their view, courtesy of eFXdata: Danske Research discusses its reaction to today’s FOMC January policy statement. “As widely expected, at the meeting the Fed did not raise its target range, which remains at 2.25-2.50%. More interesting was … “USD: Vulnerable To A Shift In Positioning After Dovish Fed Signals – Danske”
Why the Fed is all about the balance sheet and three scenarios for the outcome
The Federal Reserve is expected to leave its policy unchanged in the first meeting of 2019. The balance sheet reduction program is the center of attention. The US Dollar is already suffering, but explicit talk about a change is not priced in. The Federal Reserve announces its first decision of the year on Wednesday, January … “Why the Fed is all about the balance sheet and three scenarios for the outcome”
Crypto investors moving to Gold? Things are not looking good
Cryptos kick off the week with a kick lower on some negative headlines. The technical charts continue challenging digital coins. Here are the levels to watch according to the Confluence Detector. Cryptocurrencies are on the back foot, losing some ground in the wake of the new week. These are not plunges, but they are certainly … “Crypto investors moving to Gold? Things are not looking good”
CAD stalled with oil, GDP in the limelight now
USD/CAD advanced on weak Canadian data, as oil failed to advance. Canadian GDP stands in a week dominated by the Fed. The technical picture is mixed for the pair. This was the week: Weak data all around The Canadian Dollar was on the back foot as data missed expected. Manufacturing Shipments fell by 1.4%, Wholesale … “CAD stalled with oil, GDP in the limelight now”
USD/JPY will not stay in range for too long with the Fed and the NFP
USD/JPY consolidated in range amid stuck negotiations. The Fed and the Non-Farm Payrolls promise action as January ends. The technical picture is mixed for the pair. This was the week: All the negotiations are stuck Negotiations between the US and China did not go anywhere fast. It culminated with reports that some talks were canceled, … “USD/JPY will not stay in range for too long with the Fed and the NFP”