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CAD: Focus On CPI On Friday; A low Print To Put CAD Under Mild Pressure – Barclays
Barclays Capital FX Strategy Research notes that the focus of CAD traders will be on Canada's CPI on Friday.
"We forecast CPI to have been flat on July, and annual inflation to reach 1.2% y/y from 1.0% in May. Read More →
Risk aversion prevails on Barcelona and recent happenings in Washington; USD lower and Yen outshines
The Barcelona terror attacks and reinvigorating doubts over the ability for the Trump administration are dominating market sentiment. Asia took a negative handover from the US close and has so far this morning followed suit, as the major equity indices Read More →
GBPUSD – Can British Pound Break This Vs US Dollar?
Key Points
- The British Pound after declining towards the 1.2845 level found support against the US Dollar.
- The GBPUSD pair is currently correcting higher, but faces a major hurdle near 1.2910 on the hourly chart.
- Recently in the UK, the Read More →
EUR/USD: Draghi’s Jackson Hole Speech & Fed’s Balance Sheet Runoff Announcement Are Non-Events – BTMU
BTMU FX Strategy Research notes that the more dovish tone of the FOMC minutes will reinforce the market’s view that the Fed is likely to delay raising rates again until next year and thereby continue to weigh on the US Read More →