British Pound, GBP/USD, US Dollar, EUR/GBP, Euro, BoE, Momentum – Talking Points The British Pound made new lows last week and momentum might be building The Bank of England is anticipated to lift rates later this week by 25 basis points Sterling is staring at some untested support levels. Will GBP/USD find firmer footing? Recommended
U.S. DOLLAR ANALYSIS Stout US economy may extend appetite for future rate hikes. Fed expected to hold rates at current levels. Bearish divergence suggests short-term dollar weakness to come. Recommended by Warren Venketas Get Your Free USD Forecast DOLLAR INDEX FUNDAMENTAL FACTORS The US dollar had a rollercoaster of a week with beginning with mixed
© Reuters. The U.S. dollar retained its gains against peers on Friday, following strong U.S. economic data and a rate hike by the European Central Bank (ECB). The currency’s strengthening came in response to higher-than-expected U.S. retail sales and an ECB decision that prompted a drop in European yields. U.S. retail sales for August were
The euro fell to its lowest level in over five months against the dollar on Thursday, as the European Central Bank’s (ECB) recent interest rate hike led market participants to believe it could be the last of its kind. The common currency slipped below $1.066 after the ECB’s announcement and continued to decline even after
GBP/USD Analysis and Charts The Bank of England is likely to raise rates by 25bps next Thursday. Will the BoE follow the trend of a ‘hike and hold’ For all market-moving economic data and events, see the DailyFX Calendar Recommended by Nick Cawley How to Trade GBP/USD Next week’s Bank of England interest rate decision
US Dollar Scenarios Ahead of FOMC – Talking Points: The US dollar’s short-term uptrend remains intact ahead of the FOMC meeting. The Fed is highly likely to keep rates unchanged next week. The Statement of Economic Projection could be particular interest. How is the greenback likely to react? Recommended by Manish Jaradi Traits of Successful