Tag Archives: GBP
Altering our FX forecasts to reflect longer-duration weakness in the USD
We have decided to fundamentally change our USD view. We now donot expect the USD to significantly strengthen until the real Fed Fundsrate turns positive in early 2016 (chart 1).
GBP Mid-day Analysis
Economic news from China was good enough and with somewhat positive US scheduled data expectedlater this morning, we suspect that the Pound will forge another upside breakout on its charts.
GBP Mid-day Analysis
Much softer than expected UK inflation readings prompted a significant washout in the Pound to starttoday but to the bull’s credit, the Pound was able to quickly reject that washout.
GBP Mid-day Analysis
While the Pound is also in a corrective track to start the new trading week, hope of positive economicnews later this week from the UK should provide the Pound with some cushion soon.
The Week Ahead in FX
In the week ahead, market watchers will be focusing on speeches by Fed Chair Janet Yellen, as well as reports on U.S. retail sales and housing starts.
GBP Mid-day Analysis
The Pound is a little off balance today because of negative global equity market action and because ofsofter than expected UK construction activity.
GBP Mid-day Analysis
Favorable UK wage news overnight leaves the Pound with a bullish bias. However, the Pound probablyneeds to see persistently positive global equity market action,
GBP Mid-day Analysis
While a modest decline in the UK Trade deficit may have added to a recent string of positive UK datapoints, the June Pound was unable to follow-through on Tuesday’s sharp rally so far this morning.
GBP Mid-day Analysis
A huge range up extension overnight comes compliments of a much stronger than expected UKIndustrial output result. However, the Pound is also benefiting from overt weakness in the Dollar,
GBP Mid-day Analysis
The Pound has managed to respect support around 1.6556 but the path of least resistance might bepointing downward in the face of negative global equity market sentiment and
The Week Ahead in FX
In the week ahead, markets will be focusing on Wednesday’s minutes of the Fed’s most recent policy setting meeting. Monetary policy meetings by the Bank of Japan and the Bank of England will also be closely watched.
Weekly CFTC Trader Positioning Data
On a year-to-date basis the USD has weakened against all of theprimary currencies (with the exception of CAD) accordingly long USD positions have been frustrating.