British Pound Selling to Continue on Static BOE, Hawkish FOMC Minutes Fundamental Forecast for Pound: Bullish Status-Quo BOE Announcement to Amplify Slide in Rate Hike Outlook Hawkish FOMC Minutes to Help Undermine the Pound’s Yield Appeal One might have expected the British Pound to move confidently higher after the Scottish Independence referendum passed without disrupting the status quo considering the Bank of England ...
Dollar Forecasts for 2014 and 2015: EURUSD And GBPUSD Exchange Rate Falls Predicted The US dollar (USD) is forecast to retain a solid footing through the remainder of 2014 and into 2015 suggest the majority of analysts we follow. The 2014 dollar rally had long been predicted, however a poor winter in the United States saw the currency falter in the first half of the year putting paid to these predictions. After a decent summer of gains we ask ...
Talking Points GBP/USD breaks key long-term support levelUSD/JPY nearing critical resistance areaGold meanders Price & Time Analysis: USD/JPY USD/JPY continues to edge higher off the 101.50 78.6% retracement of the July rangeOur near-term trend bias is higher in the exchange rate while above 101.50The 61.8% retracement ...
GBP/USD Monthly Technical Analysis for August 2014 The GBP/USD posted its biggest monthly decline in July since May 2013. The selling pressure was driven by the strengthening U.S. economy and increased expectations for higher U.S. interest rates. Some of the weakness last month was driven by a drop in house prices. Further hurting the Sterling was comments from Bank of England Deputy Governor Ben Broadbent who said in an interview with Bloomberg News that the “edge ...
- U.K. Consumer Price Index (CPI) to Slow for Fourth Time in 2014. - Core Inflation to Fall Back From 2.0%- Marked Fastest Rate of Growth Since September. Trading the News: U.K. Consumer Price Index A marked slowdown in the U.K.’s Consumer Price Index (CPI) may generate a larger pullback in the GBP/USD as it limits Bank of England (BoE) scope to normalize monetary policy sooner rather than later. What’s Expected: ...
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