Forex
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Monthly archive August, 2017
EUR/USD: Despite Strong NFP, EUR/USD Set To Hit 1.20 In Next 1-2 Weeks – Danske
Danske Bank FX Strategy Research notes that EUR/USD fell on today's NFP announcement, which showed employment rose by 209,000 in July and June was revised up to 231,000.
"The combination of lower unemployment and better wage data sent EUR/USD Read More →
EURGBP – Euro Might Correct Lower Vs British Pound
Key Points
- The Euro made a nice upside move and traded above the 0.9000 handle against the British Pound.
- The EURGBP pair may correct lower since it broke a short term consolidation pattern on the hourly chart at 0.9040.
- Today Read More →
GBP: Balanced Positioning; Limited Downside Risks From Here – Credit Agricole
Credit Agricole CIB FX Strategy Research notes that GBP was under pressure by the end of the week, mainly in response to the BoE lowering investors’ central bank rate expectations.
"By lowering its longer-term wage price forecasts, it was Read More →
Pound skids as BoE revise growth and inflation forecasts lower
Britain's pound slipped almost 1 percent to a nine-month trough against the euro on Thursday, following the Bank of England voted 6-2 to leave interest rates at their record lows and lowered its forecasts for growth, inflation and wages.
Read More →