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As we expected, the Monetary Policy Committee (MPC) voted to maintain the Bank Rate and the stock of purchased assets at 0.50% and GBP375bn, respectively. When the minutes are published on 22 March,...
No surprise from the FOMC minutes, USD recoversThe March 17-18 FOMC meeting minutes did not surprise us yesterday. With the dovish shift in Fed policy being already priced in, yesterday’s...
USD/JPY Open 120.17 High 120.39 Low 119.63 Close 120.11 On Wednesday Dollar/Yen decreased with 70 pips. The currency couple depreciated from 120.35 to 119.63 yesterday, not matching the positive money...
StrategyThe USD rally paused following the March Fed meeting, as the FOMC voiced concern over the recent downside surprises in US data. We think the time has now come for another leg lower....
Today’s Binary Options Trading Strategy:• Currency Pair: GBP/USD • Timeframe: H4 (Hourly Chart) • Binary Option Trading Recommendation: Seek binary call options on dips below...
GROWTHACES.COM Forex Trading Strategies:Taken PositionsAUD/USD: long at 0.7600, target 0.7800, stop-loss moved to 0.7610, risk factor **EUR/GBP: long at 0.7270, target 0.7450, stop-loss 0.7190, risk...
Electoral uncertainty may be receding somewhat ahead of the 7 May election date. As we wait for the full cross-section of polls following the second round of the TV debate last week, speculation...
Yesterday’s Federal Open Market Committee minutes were far more hawkish than the market believed they would be, as there was a robust discussion of whether the US Fed should already move in...
KEY DATA RELEASES TODAY (BST) :09:30 GBP Trade Balance -8.9B v -8.4B 12:00 GBP Official Bank Rate 0.50% v 0.50% 12:00 GBP Asset Purchase Facility 375B v 375B 12:03 GBP MPC Rate Statement 13:30 USD...
The EUR/GBP has been trading within a sideways range as seen on the provided daily graph. Actually, failure to maintain levels above 0.7400 could be the main catalyst that sent the pair lower below...
GBP/JPY Daily OutlookDaily Pivots: (S1) 177.71; (P) 178.49; (R1) 179.37; Intraday bias in GBP/JPPY is neutral for the moment. With 180.10 minor resistance intact, deeper fall is expected to 175.49...
Sterling stays firm against Euro with EUR/GBP pressing 0.7226 near term support as markets await BoE rate decision. The BOE would most likely leave its monetary policy unchanged, with the Bank rate at...