Forex news for February
Markets:
– Gold up $6 to $1215
– WTI crude down 17-cents to $53.71
– S&P 500 up 1 point to 2280
– US 10-year yields flat at 2.47%
The market was looking for something hawkish from Carney and he didn’t deliver. That sent cable lower and it struggled to find any kind of floor. The first stalled as 1.2600, then down to 1.2536, a bounce and then 1.2525 and late in the day down to 1.2518. That will in all likelihood leave an outside bearish day on the chart but it’s not so pronounced that the next twist in UK or US politics won’t erase it.
