Category Archives: Forex Fundamental Analysis

Pound Headed For Disaster | Investing.com

The is under further pressure today on the back of Disappointing wage growth figures and follow on from yesterday’s numbers which failed to impress the market. Bank of England governor Mark Carney, in a speech after the CPI figures yesterday, failed to solidly confirm that a rate hike next month from the BOE was coming and seemed to be taking a wait and see approach. The figures released today are not going to help his cause and it may just be the reason to leave rates on […]

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Sterling Lower Ahead Of UK Jobs Data

Investors itching for another opportunity to offload , were given the thumbs up on Tuesday, after BoE officials sounded more cautious than anticipated during their testimony to Parliament. Although BoE Governor Mark said the MPC believed a rate hike may be needed in the “coming months”, his refusal to offer any clear signs on whether the central bank will take action in November, simply punished Sterling. Dovish signals radiating from the newest members of the bank’s Monetary Policy Committee also played a role in the Pound’s selloff, […]

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UK Inflation At 5-Year High

The likelihood of a rise in UK interest rates, for the first time in a decade, gained momentum on Tuesday as UK edged up from 2.9% to 3.0% – its highest level since April 2012. Bank of England Governor Mark did nothing to dispel a rate hike as he gave evidence to the UK Treasury select committee where he stated that the fall in the value of GBP, since the Brexit vote last year, has resulted in higher prices paid for imported goods which will take up […]

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It’s All About The British Pound

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. It should be no surprise to our readers that is on the move. Between potential Brexit headlines, speeches from Bank of England officials and a number of key economic reports, we knew this would be an active week for the currency. Unfortunately, neither BoE-speak nor UK data provided much support for the pound on Tuesday. Although BoE Governor said a may be appropriate in the coming months, he also suggested that inflation may peak around […]

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Brexit Opposition Starts To Stir

Probably the most apposite quote about the entire Brexit process was made long ago by veteran Conservative MP and former Chancellor on how history would remember David Cameron: “Just as Tony Blair will be remembered in history as the man who took us into Iraq, David Cameron will be remembered as the man who accidentally took us out of Europe. It’s very sad.” The quote captures the essence of the Brexit fiasco: it wasn’t supposed to be like this. It was only ever intended that the vote […]

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Forex Overview: EUR/USD, GBP/USD, USD/JPY

Forex Analysis EUR/USD; October 17, 2017 | sgtmarkets.com The euro has weakened against the US dollar during Asian trade. A consumer price index () will be announced today at 12:00 in the Eurozone, which is one of the primary indicators that central banks take into account when deciding on the direction of monetary policy, which can affect the European currency. During the Asian trading, the euro weakened against the US dollar by 0.25%. Forex Analysis GBP/USD; October 17, 2017 | sgtmarkets.com The British pound strengthened against the […]

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USD/CAD: Canadian Dollar Edges Lower, Markets Eye Fed Policymakers

The Canadian dollar has posted slight losses in the Tuesday session. Currently, is trading at 1.2537, up 0.15% on the day. On the release front, there are no Canadian releases, and no major US indicators. On Wednesday, the focus will be on US housing data, with the release of and . The NAFTA pact is under attack from US President Trump, and that could spell trouble for the Canadian economy. Trump has declared that NAFTA has been terrible for the US and has vowed to renegotiate the […]

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Australian Dollar And The Fed

The is directionless today after 2 days of movement, but may have received some new found support after doubts one again hang over the US Federal Reserve’s ability to lift this year. Inflation numbers once again hit the market below expectations and still sit well below the Fed’s target rate, and as we have heard from Fed President Janet many times this year, she expects inflation will finally hit the Fed’s target rate as we enter into next year, “My best guess is that these soft readings […]

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