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Monthly archive November, 2015

Retail FX Remains Net-Long EUR/USD Ahead of NFP- 1.0800 Key Support

Talking Points: - Retail FX Remains Net-Long EUR/USD Despite Dovish ECB Rhetoric. - USD/CAD November Opening Monthly Low at Risk on Strong Canada Employment Report. - USDOLLAR Tests October High (12,110) Ahead of U.S. Non-Farm Payrolls (NFP). For more updates, sign up for David's Read More →

Cable Snaps on BoE’s Dovish Tone on Super Thursday

Summary: The Bank of England took on a dovish-tone during Super Thursday, downgrading inflation forecasts and quelling hopes for a quicker-than-expected rate hike out of the UK. With the BoE taking a step back from rate-hike hopes, this further exposes the US Read More →

GBP/USD Slides as BoE Cuts Forecasts, Keeps ZIRP Policies in Place

Talking Points: - BoE cuts near-term inflation forecast, expands horizon to three-years. - Governor Carney says rates could stay lower for longer if downside risks materialize. - GBP/USD falls under $1.5300. Thanks to what’s informally known as the Bank of England’s “Super Thursday,” the Read More →

GBP-crosses Eye Bigger Moves around BoE’s Super Thursday

Talking Points: - GBP/USD stuck in neutral zone; GBP/JPY more bullish. - USD/JPY breaking out of two-plus month long consolidation. - See the November forex seasonality report that forecasts US Dollar strength. "Remember, remember, the fifth of November." Oh, I see your confusion - Read More →

GBP/USD Range Vulnerable to BoE Rate Decision/Inflation Report

- Bank of England (BoE) Widely Expected to Preserve Current Monetary Policy. - Will There Be Another 8-1 Split Within the Monetary Policy Committee (MPC)? For more updates, sign up for David's e-mail distribution list. Trading the News: Bank of England (BoE) Interest Read More →

British Pound May Rise on Bank of England Policy Announcement

Talking Points: British Pound May Rise on Status-Quo Bank of England Policy Announcement Japanese Yen Edges Higher as BOJ Minutes Dent Stimulus Expansion Hopes See Economic Releases Directly on Your Charts with the DailyFX News App A monetary policy announcement from the Bank of Read More →