US Dollar Forecast – Dollar Forges Bullish Reversal but May Struggle to Maintain Lift The Greenback advanced against all of its major counterparts this past week, and the USDollar secured its strongest two-week rally since the May 2015 climb forestalled a bearish reversal. British Pound Forecast - Mixed U.K./U.S. Data to Foster Range-Bound Conditions for GBP/USD Mixed data prints coming out of the U.S. & U.K. may foster range-bound ...
Trading the News: Bank of England Interest Rate Decision Even though the Bank of England (BoE) is widely anticipated to retain its current policy in May, a downward revision in the central bank’s growth and inflation forecast may dampen the appeal of the British Pound and spur a bearish reaction in GBP/USD as it drags on interest-rate expectations. What’s Expected: Why Is This Event Important: ...
Trading the News: U.K. Industrial & Manufacturing Production A rebound in U.K. Industrial & Manufacturing Production may boost the economic outlook for the U.K. economy and spur a near-term rebound in GBP/USD as it raises the scope for a stronger-than-expected recovery. What’s Expected: Why Is This Event Important: Beyond the looming U.K. Referendum in June, positive data prints coming out of ...
Trading the News: U.K. Retail Sales Another contraction in U.K. Retail Sales may dampen the appeal of the British Pound and drag on GBP/USD as signs of a slowing recovery provides the Bank of England (BoE) with increased scope to retain the record-low interest rate throughout the near to medium-term. What’s Expected: Even though BoE warns that the next policy move will be to normalize monetary policy, the ...
Trading the News: U.K. Jobless Claims Change Despite expectations for another 10.0K decline in U.K. Jobless Claims, a slowdown in household earnings may undermine the near-term advance in GBP/USD as it drags on interest-rate expectations. What’s Expected: Even though the Bank of England (BoE) remains upbeat on the U.K. economy, signs of weak wage growth may encourage Governor Mark Carney to retain the record-low ...
Recent Comments