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What to Watch Thursday and Friday: DXY, EUR/USD, GBP/USD, EUR/GBP

Watch for Brexit and US Dollar headlines over the next few days.

November 25, 2020 02:41 PM

Wall Street seen recovering from Powells mildly more hawkish tone

In his first appearance before Congress, Jerome Powell, new chair of the Federal Reserve painted an optimistic picture of the US economy. In his comments to the House Financial Services Committee Powell highlighted strength in the jobs market and strong business investment as reasons to remain optimistic about the outlook of the economy and confirmed that the Fed would continue to bolster strong growth

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February 27, 2018 12:10 PM

BoE Mark Carney Boosts Pound Following Labour Data Losses

GBP/USD has been on a rollercoaster ride today and could still see more volatility to come. GBP/USD dropped in early trade as the UK unemployment level unexpectedly ticked higher to 4.4%, from 4.3%. UK earnings growth was also interpreted as soft, giving investors little reason to cheer. Wage growth at 2.5% still remains firmly below inflation at 3%, meaning that there is no sign of the squeeze on the consumer letting up. Following the release GBP/USD sold off to $1.3908.

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February 21, 2018 11:41 AM

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Kraft Heinz drops Unilever offer, as Trump stokes equities

The main market stories over the weekend included positive news for Athens, the IMF will now provide cash, to the tune of EUR 5 bn, […]

Dollar turnaround as Yellen talks tough on Trump, rate hikes

Janet Yellen gave a fairly upbeat testimony to the Senate Banking Committee today, saying that waiting too long to remove accommodation would be “unwise”, and […]

Will Janet Yellen take away Trump’s punch bowl?

After what feels like an eternity, the most important Fed meeting of the year is upon us. The Fed Fund Futures market is pricing in […]

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December 14, 2016 08:40 AM

Rising price pressures to help GBP recovery

CPI data out later this morning is worth watching for a couple of reasons, it is expected to rise to 1.1%, which would be the […]

Can Janet Yellen drive EUR/USD to parity?

The US Federal Reserve meeting is likely to Trump every other economic data point, at least in the first half of this week. The bank […]

Europe & US diverging outlooks

European equity markets have failed to make much progress one way or the other this week, kicking the week off and ending it at more […]

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November 18, 2016 02:24 PM

Risk off dominates ahead of a busy economic calendar

Risk off sentiment is expected to remain the dominating theme throughout the morning, with investors reluctant to make any major moves ahead of another flurry […]

EUR/USD: another sharp move likely as markets await Yellen

The US dollar is attempting to make a comeback after being hammered on Friday on the back of a very poor jobs report from the […]

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June 6, 2016 02:40 PM

Yellen pulls a dove out of the hat

As we noted yesterday, market volatility was expected to pick up as we moved through the week as the top-tier data releases and traders at […]

Post-Easter US data paints a downbeat outlook for near-term growth

It’s been an exceedingly slow start to the week with most of Europe out of the office for an extended holiday weekend, but trade is […]

FOMC Recap: Doves flying high as Fed drops two dots

As we noted in yesterday’s FOMC Preview report, any Fed fireworks wouldn’t come from the monetary policy decision per se, but rather how today’s meeting […]

EUR/USD coiling for a potential big move heading into the Fed meeting

The world’s most widely-traded currency pair has garnered its fair share of headlines over the last week, but heading into this afternoon’s monetary policy announcement […]

FOMC Preview: The case for a hawkish surprise

Last week and this week mark an unusual confluence of central bank meetings; Already this month, we’ve heard from the Bank of Canada (on hold), […]

Fed on deck after ECB hits a “ground rule double”

As everyone expected, the European Central Bank’s monetary policy meeting was the marquee market event of last week, even if the market’s interpretation of its […]

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FOMC Minutes: Dovish but (still) data-dependent Fed leaves rate hike door open

In yesterday’s preview report, we highlighted how traders might look at today’s FOMC minutes as staler than Grandma’s cereal after the market volatility and mixed […]

FOMC minutes preview: Staler than Grandma’s cereal?

In a bit of an off week for top-tier US economic data, traders are likely to focus intently on the release of tomorrow’s FOMC minutes. […]

Why are US 10-year yields nearing all-time lows…and what does it mean?

Nothing like a crazy day in the markets to get the old blood flowing again. In our research here, we typically focus on specific opportunities […]

USD/JPY caught in central bank crosswinds, BOJ on intervention watch

It’s been a busy day so far for central bankers, especially in Japan and the US. As we noted on Monday, the yen has seen […]

EUR/USD: Could Yellen take us above 1.1400 next?

As a trader, it’s difficult to predict the impact of a major trading hub being closed. More often than not, it leads to slow, lackluster […]

USD/JPY: Things could get ugly if we break major support at 116.00

After Friday’s not-as-bad-as-it-appeared NFP report, traders were optimistic that we would see risk sentiment return with Chinese markets on holiday this week, but so far […]