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GBP/USD Forecast Dec. 28 – Jan. 1 GBP/USD showed some downward movement but ended the week unchanged, closing at 1.4925. The final week of 2015 has just two events on the schedule. Here is an outlook on the major events moving the pound and an updated technical analysis for GBP/USD. In the US, Final GDP for the third quarter posted a gain of 2%, very close to the estimate. Housing numbers disappointed, and durable goods were ...
High-Frequency Trading: technology, business, Illegal practices, and more High-frequency trading (HFT) firms use sophisticated computer programs to execute thousands of trades in a second. In fact, a second is slow by HFT standards: Traders often measure time by microseconds, or one-millionth of a second. In the decade or so since this high-tech form of trading zoomed onto the Wall Street scene, it's generated plenty of controversy. ...
US and Canadian GDP data, US Durable Goods Orders and Unemployment claims are the final highlights before Christmas break. Here is an outlook on these major events. Last week the Federal Reserve hiked interest rates for the first time in nearly a decade showing faith in the U.S. economy. The central bank raised interest rates by a quarter of a percentage point to between 0.25% and 0.50. Policy makers reiterated that the US economy is performing ...
USDJPY to rise towards our end-2016 target of 134 - BNP Paribas "The Bank of Japan maintained its annual monetary base expansion target of JPY 80trn, but outlined some changes to the composition of purchases.""The BoJ extended the average maturities of JGBs it buys to 7-12 years (from 7-10 currently), announced JPY 300bn of additional ETF purchases and increased the maximum amount of each REIT issue it can buy to 10% from 5% currently." ...
The US dollar was pressured against most currencies in a week that saw very unsettled stock and commodity markets. On the agenda we have German Economic Sentiment, UK employment data, US housing and inflation data, and the highly important FOMC decision which is dubbed as historic. These are the market movers for this week. US Consumer confidence rebounded, rising to 91.8 in December, the highest level in four months amid positive views on ...
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