Trading the News: U.K. Consumer Price Index (CPI) A pickup in the headline & core U.K. Consumer Price Index (CPI) may spark a near-term rebound in GBP/USD as it puts pressure on the Bank of England (BoE) to normalize monetary policy sooner rather than later. What’s Expected: Why Is This Event Important: Even though the economic outlook remains clouded by the U.K. Referendum on June 23, signs ...
US Dollar Forecast – A Late Push for the Dollar from Yellen Puts Bulls on Notice The Dollar spent much of the past week consolidating following a three-week advance, but Yellen’s remarks Friday spurred a rally that put the bulls back on the front foot. We will open the new trading week with the USDollar at a two months high but liquidity curtailed by Monday’s Memorial Day holiday. British Pound Forecast – Sterling Continues to Strengthen With Brexit Vote a Month Away ...
US Dollar Forecast – Fed Provides Dollar Lift, FOMC Speak and SPX May Play Key Roles The Dollar is finding some serious reprieve from a painful three months of selling pressure. British Pound Forecast – BoE Warns of Weakness, Even Without Brexit The British Pound put in a strong week of gains through Thursday, snapping the two-week losing streak that the Sterling put in against the US Dollar after running up to a new nine-month ...
GBP/USD Weekly -FXTW has maintained that “GBP/USD trade remains constructive for a run at trendline resistance (about 1.4900) but watch for support at the internal trendline that crosses through inflection points since September. FXTW would like to see support register at that line in order to maintain a constructive view. Remember, there is a 96 month (8 year) cycle low count.” Support registered near (a few ticks above) the mentioned ...
Trading the News: U.K. Jobless Claims Change What’s Expected: Why Is This Event Important: The BoE looks poised to retain its current policy ahead of the U.K. Referendum on June 23, but the central bank may show a greater willingness to remove the record-low interest rate over the coming months as Governor Mark Carney and Co. remain adamant that the next move will be to implement higher borrow-costs. ...
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