Forex Friday: It is all about the pound
In this week’s edition, we discuss the pound’s extreme volatility amid the BoE’s intervention and government’s questionable policy response to soaring cost of living crisis in the UK.
FTSE, Gilts and Pound remain in sharp focus after BoE intervention
For UK assets to stabilise, the BoE needs to bring yields further lower by buying bonds at an “urgent pace,” and on “whatever scale” as it has promised.
Gold shines as yields plunge on BoE intervention
BoE will temporarily carry out purchases of long-dated UK government bonds at an “urgent pace,” and on “whatever scale” necessary to restore orderly market conditions.
GBP/USD: BoE intervention unlikely to help pound
BoE is attempting to soothe investor nerves after they were spooked by last week’s mini budget.
Shorting the pound: how to short sell the British pound
Shorting the pound is a strategy that makes profit if the price of the British pound falls. To short the pound, you want to enter the trade as close to resistance level as possible. Find out more about short selling the pound.
Technical Tuesday: Nasdaq, WTI, GOLD and USD/CNH
In this week’s edition, we are getting technical on the Nasdaq, WTI, gold and USD/CNH.
EUR/USD due for a corrective bounce?
Prospects of some coordinated central bank action and the lack of fresh news may encourage short-side profit-taking...
USD/JPY: What’s next after government intervention for yen?
Can the yen fall more despite the government’s efforts?
Nothing changes for gold, stocks as yields resume higher
Bearish trend persist for indices and metals as investors watch yields continue to rise following a flurry of central bank action this week.
USD/JPY dives but is government intervention effective?
Is the BoJ undoing the government’s attempt to shore up the yen?