USD/JPY: Filling Gap To 113.50 Before A Test Of 114.50 – ING
Dollar/yen advanced on the news that Abe won a landslide victory, but hesitated after hitting 1.14. What’s next? Here is the view from ING: Here is their view, courtesy of eFXnews: ING FX Strategy Research discusses USD/JPY outlook in light of th…
GBP/USD – Pound Unchanged Despite Soft UK Manufacturing Report
The British pound is almost unchanged in the Monday session. In North American trade, GBP/USD is trading at 1.3191, up 0.02% on the day. On the release front, British CBI Industrial Order Expectations came in at -2, well off the estimate of +9 points. There are no US releases on the schedule. Is Britain’s manufacturing sector in […]
GBP: Perhaps a November hike is not a sure thing
In its latest rate decision, the Bank of England laid down heavy hints about raising the rates soon. The meeting minutes were followed by hawkish comments from Carney and a few colleagues and a November hike was penciled in. The pound also reacted quit…
Oil Flirts With Resistance as US Output Falls, OPEC Looks at All Options
Crude oil prices remains bid following a decline in U.S. field outputs, while OPEC and its allies keep the door open to further rebalance the energy market.
Pound Falls on Growing Party Divide
The Pound Sterling fell versus the US Dollar during Monday trade in London as concerns over a division within the Conservative Party grows.
Black gold shining and comparing QEs – MM #161
We start off with rising oil prices, diving into the reasons for the rise and what we expect for the future. We move on to the highly anticipated ECB decision and tackle it from a different angle. You are welcome to listen, subscribe, provide feedback …
The Bullet Report: Top 5 things to know in the market today, October 23rd
1. The lack of fresh developments on either North Korea and the succeeding FED chairman positions being filled, combined with the significant progress made on tax reform helped the U.S. dollar close out a strong week. The Dollar…
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Will Catalonia declare independence on Thursday? Super Thursday for EUR/USD
Another D-Day in the ongoing Catalan crisis. The Catalan parliament will convene on Thursday, October 26th to discuss the next moves. A straightforward declaration of independence is on the cards. The gathering will come one day before the Spanish Sena…
Abe is big in Japan – can USD/JPY break out of range?
The election results confirmed the latest polls: Abe is returned to office with a huge, “super majority”. His coalition won 312 seats in the 465-strong lower house. This will allow him to enact his policies in full-swing. He vowed to use th…
Will the ECB send EUR/USD higher?
The euro is bracing itself for the big event of the week: the decision of the European Central Bank on Thursday. Will Draghi send the common currency higher? Here is their view, courtesy of eFXnews: EUR/USD: ECB To Sow The Seeds For EUR Next Leg Higher…