US Dollar Forecast – Dollar Seeks Guidance from Fed Speculation, Risk Trends, ECB and Oil There can be disadvantages to being the world’s most liquid currency. The Dollar’s intrinsic integration into the global financial system makes it particularly vulnerable when its fundamental health is shaken and the world is in a state of flux. British Pound Forecast – Little Relief Ahead for G10 FX’s Weakest Currency, the British Pound ...
Trading the News: U.K. Consumer Price Index (CPI) Another uptick in the U.K. Consumer Price Index (CPI) accompanied by a pickup in the core rate of inflation may boost the appeal of the sterling and spur a larger rebound in GBP/USD as it puts increased pressure on the Bank of England (BoE) to normalize monetary policy sooner rather than later. What’s Expected: Why Is This Event Important: Even ...
British Pound Forecast – GBP/USD to Face Relief Rally on Upbeat U.K. PMI, Dovish Fed Rhetoric With second-tier data on tap for the week ahead, the British Pound may continue to consolidate ahead of the next Bank of England (BoE) interest-rate decision on April 14, but fresh rhetoric from Fed officials may generate a near-term rebound in GBP/USD as Chair Janet Yellen endorses a more dovish outlook for monetary policy. Japanese Yen Forecast - Japanese Yen Strength is its Own Undoing – Watch for Weakness ...
GBP/USD: ranging above 50.0% Fibo level. The intra-day H4 price is located above 100/200 SMA for the primary bullish market condition: the price is ranging within key Fibo levels waiting for direction. if the price breaks Fibo resistance level at 1.4458 resistance so we may see the secondary rally within the primary bearish market condition;if the price breaks 50.0% Fibo support level at 1.4257 so the reversal of the price movement ...
Trading the News: U.K. Retail Sales The U.K. Retail Sales report may produce headwinds for the British Pound and drag on GBP/USD as signs of a slowing recovery provides the Bank of England (BoE) with greater scope to further delay its normalization cycle. What’s Expected: Why Is This Event Important: Even though BoE argues that the next policy move will be to lift the benchmark interest rate ...
Recent Comments