Forex Analysis

GBP Mid-day Analysis

The Pound bulls haven’t been able to find support from positive UK data and

Hard data from the Hungarian industry stay strong Just released Hungarian macro figures have showed that

The USD continued to strengthen, even as EURUSD held flat at 1.293 after the steep decline overnight.

Focus is on the US labour market report for August. We look for a positivesurprise with a solid increase in non-farm payrolls of 260,000

Short German bonds rallied, curves steepened and spreads crashed after the ECB announced another easing package.

The pair opened at $0.9348 after gaining to a $0.9393 high during the US hours last night,

The ECB’s rate cuts and the announcement of the ABS purchase plan were not widely anticipated by the markets overnight with

The pair remained under heavy selling pressure on Thursday after it extended the corrective pullback off European session

The pair opened at Y105.26 this morning in Asia after overnight moves saw the pair trade close to the 2014 high of

The RBNZ is in an awful position as it tries to disseminate two key messages which might appear,

EUR/USD – BEARISH BIAS – (1.2750-1.3150).

The BoE is now divided on monetary policy and its exit strategy is approaching.