The pair dropped to a low of 1. The Fed statement was more hawkish forecast expected, increasing the likelihood of a June rate hike. The US economy hit some turbulence in Q1, but the economy forecast strong, as does sentiment in favor of the US dollar. Follow us on Sticher or iTunes. Get the 5 most predictable currency pairs. Kenny Fisher - Senior Writer A native of Toronto, Canada, Kenneth worked for seven years in the marketing and trading departments at Bendix, a foreign exchange company in Toronto.
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By Kenny Fisher Published: May 7, US consumer confidence beats with This seems to be fueled from the Expectations component which Weak data all around: Technical levels for majors and crosses — mid-May: Here are technical levels to watch, first for majors The BOE left its policy unchanged, as widely expected.
The QE program remains at billion pounds and the interest Sterling is falling as all the Carney probably happy with the pound, fearful of politicians: Forex Bank of England convenes for one of its more important meetings.
President Donald Trump surprised the world by firing the FBI director James Comey. The White House said that the firing is Has it gone too far? The pound continues trading at high ground, still rising and looking at. Is it too strong? US economic unease and slippery oil — MM There is still slack but the Fed judges it in a sanguine manner. French echoes and a focus on the US consumer [Video]: The trading calendar is light on Monday but the echoes of the French elections as well as the NFP will This house inflation forex helps analysts gauge the strength of the housing sector.
The indicator edged lower to 0. The estimate for April stands at 0. BRC Retail Sales Monitor: This indicator has now contracted for three straight months, pointing to softer consumer spending. Will we see a gain in the April report?
RICS House Price Balance: The indicator has run into some trouble, posting two consecutive declines. Another decline is expected in March, with a forecast of The UK trade deficit ballooned to GBP The deficit is expected to narrow to GBP This report is released twice a year and should be treated as gbp/usd market-mover.
This summary is released on a monthly basis. The MPC will release the vote breakdown for the February rate decision, when the bank held rates. The markets are predicting that the vote for that decision was in favor of maintaining the rate, with one vote in calling for the rate to be raised to 0.
The voting breakdown for the March decision which remained at billion pounds is expected to be a unanimous vote. This monthly indicator helps analysts predict GDP, which is released every quarter.
The indicator edged down to 0. Technical lines from top to bottom 1. It is an immediate line. For the Australian dollar Aussiecheck out the AUD to USD forecast. For the Canadian dollar looniecheck out the USD to CAD forecast. Long Positioning Far From Elevated; A Buy On Dips — Credit Agricole.
Kenny Fisher Kenny Fisher - Senior Writer A native of Toronto, Canada, Kenneth worked for seven years in the marketing and trading departments at Bendix, a foreign exchange company in Toronto.
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