Forex
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GBP: BoE Remains ‘Overly Optimistic’; On Hold This Year And Next – SEB
SEB Research notes that the BoE's forecast changes related to growth and inflation in today’s Inflation Report were small.
"The BoE still expects the economy to continue to grow around trend while inflation is expected to continue to rise Read More →
Dollar takes a breather, as Comey’s dismissal raises political turmoil
The dollar eased on Wednesday as risk appetite faded following the unexpected dismissal of FBI Director James Comey, raising concern whether this latest issue could stall the implementation of the government's economic agenda.
President Trump said Comey - who Read More →
GBPJPY – British Pound Uptrend Intact Vs Japanese Yen
Key Points
- The British Pound remains in a nice uptrend with a move above 147.10 against the Japanese Yen.
- The GBPJPY pair is currently trading above a major support trend line at 147.50 on the hourly chart.
- In the UK Read More →
AUD/USD: Target A Return To 1-Year Range Lows: Levels & Targets – NAB
NAB FX Technical Strategy notes that AUD/USD price achieved our downside target at 0.7150/00 in late December before launching an impulsive uptrend in January.
However, NAB notes that this 2017 uptrend has stumbled below the broken LT uptrend Read More →