Tag Archives: GBP
Mid-Day FX Market Analysis
USD: The Dollar had a very good holiday and continues to drive further into new high ground this morning,
BoE comment: There’s a new guy in town
The Bank rate was kept unchanged at the first MPC meeting under Mr Carney, as widely expected.
US Morning Update
Major overnight headlines: • UK Halifax House Price Index rises 3.7% YoY in 3 months to June, more than expected
The Global Macro Pulse
A quiet session in Asia ahead of the ECB meeting and US holiday. We observed some risk reductions in rates, but FX and equity were mostly rangebound.
Mid-Day FX Market Analysis
USD: A strong set of economic data released yesterday along with a moderate “risk off” tone this morning has helped to push the USD just above the key 85.53 level
Bank of England Preview: Welcome Mr. Carney
• We expect the Bank of England (BoE) to remain on hold at Thursday’s Monetary Policy Committee (MPC) meeting (13:00 CET).
Mid-Day FX Market Analysis
USD: The Dollar has found its footing after a subdued overnight session, but is still lacking enough upside momentum to climb up beyond last week’s highs and
The Global Macro Pulse
After weakening overnight, the USD has regained ground against the AUD and traded flat against the EUR.
FX Daily
Market movers today • In terms of data releases, the calendar is very thin. In the UK construction PMI data are released at 10:30 CET,
BoE preview: The King has left the building
Sir Mervyn King was replaced as Bank of England (BoE) Governor by Mark Carney today. Thursday’s MPC meeting will be the first chaired by the new Governor and
Mid-Day FX Market Analysis
USD: The Dollar is finding moderate pressure at the start of the new trading week, although prices have kept within a fairly tight trading range near last Friday’s high for the move.
NZD and MXN positioned at one-year lows last week, USD unchanged
Hedge funds made only small changes to their IMM currency positions during the week ending June 25, according to the latest data from the US Commodity Futures Trading Commission.