The UK’s Office for Budget Responsibility says that an estimated £58.7 billion will be needed on top of the £122 billion borrowing plans laid out by the new government last week. The independent official budget watchdog said that Britain’s decision to leave the EU accounts for nearly half of the extra borrowing the nation will … “UK’s borrowing costs projected to rise at an estimated”
Category: Opinions
USD/CAD: Trading the Canadian GDP
Canadian GDP is a measurement of the production and growth of the economy. Analysts consider GDP one the most important indicators of economic activity. A reading which is better than the market forecast is bullish for the Canadian dollar. Here are all the details, and 5 possible outcomes for USD/CAD. Published on Wednesday at 13:30 … “USD/CAD: Trading the Canadian GDP”
EUR/USD: Trading the US Preliminary GDP
US Preliminary GDP is a measurement of the production and growth of the economy. Analysts consider GDP one the most important indicators of economic activity, and publication of Preliminary GDP could have a significant impact on the movement of EUR/USD. A reading which is higher than the market forecast is bullish for the dollar. Here are all … “EUR/USD: Trading the US Preliminary GDP”
EUR/USD: Look Out Below As Cyclical Low In Sight – BTMU
EUR/USD managed to stage a recovery and created a double-bottom. However, there may be room for more falls: Here is their view, courtesy of eFXnews: Renewed downward momentum for the euro against the US dollar remains firmly in place in the near-term. EUR/USD is now moving to within touching distance of testing key technical support … “EUR/USD: Look Out Below As Cyclical Low In Sight – BTMU”
GBP: 3 Factors Behind This Squeeze; 1.15 Remains The
GBP/USD seems to have found some stability. However,the team at Bank of America Merrill Lynch lists three reasons for seeing a dip to lower ground: Here is their view, courtesy of eFXnews: The consolidation in GBP that we had anticipated into year-end has materialized and has been given a boost following the election of Donald … “GBP: 3 Factors Behind This Squeeze; 1.15 Remains The”
EUR/USD: ‘Increasingly Confident’ In Parity & Beyond: 3 Reasons
EUR/USD bounced from the double bottom but has not given up on dropping. The team at Deutsche Bank lists three reasons why the pair could go all the way to parity. Here is their view, courtesy of eFXnews: We are feeling increasingly confident that EUR/USD will break out of its 1.05- 1.15 range and trade through … “EUR/USD: ‘Increasingly Confident’ In Parity & Beyond: 3 Reasons”
GBP/USD: Trading the British Second Estimate GDP
British Second Estimate GDP, one of the most important economic releases, is published each quarter. GDP measures production and growth of the economy, and is considered by analysts as one the most important indicators of economic activity. A reading which is better than the market forecast is bullish for the pound. Here are all the details, and 5 … “GBP/USD: Trading the British Second Estimate GDP”
FOMC Minutes confirm December hike – 3 opinions
After Yellen’s recent testimony, there were few doubts that the Fed is set to raise rates in December. Also, recent data was looking good. And now, the FOMC minutes also confirm the upcoming rise of interest rates. Here are three opinions: Here is their view, courtesy of eFXnews: Nov FOMC Minutes: Fed On Track To … “FOMC Minutes confirm December hike – 3 opinions”
EUR/USD: Trading the German Ifo Business Climate
German Ifo Business Climate is a monthly composite index of about 7,000 businesses, which are surveyed about current business conditions and their expectations concerning economic performance over the next six months. A reading which is higher than the estimate is bullish for the euro. Here are all the details, and 5 possible outcomes for EUR/USD. … “EUR/USD: Trading the German Ifo Business Climate”
EUR/USD: Staying Bearish But Some Reasons For Caution On
The bears are mounting against the euro and EUR/USD is indeed falling. But the moves are relatively slow. The team at ANZ warrants caution on euro/dollar targets. Here is their view, courtesy of eFXnews: The dollar’s appreciating trend has intensified as the anticipated policy dynamics of an expansionary fiscal stance and higher interest rates under … “EUR/USD: Staying Bearish But Some Reasons For Caution On”