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We continue to expect GBPUSD to remain under pressure  following the Bank of England’s comprehensive package of easing measures announced last Thursday and we think data in the week ahead will likely signal that the UK economy was slowing even

That was the month that was. Political and economic events have continued to move apace in the UK, following the EU Referendum. A new Prime Minister and her cabinet are now in place, whilst political turmoil continues to engulf the opposition Labour

As long as US inflation expectations remain low, the Fed is unlikely to raise rates early. In this respect, the 5Y/5Y inflation swap rising by 4bp on Friday was muted compared to the 10bp rise in the nominal US 5-year yield, driving real US yields

I chimoku cloud holds DXY down for three weeks. The weekly Ichimoku cloud held as resistance for the last three weeks. Price is back to the middle of a long term range and directional momentum is absent. The breadth of USD is still weak and broader

From analysts at Morgan Stanley: Central bank dovishness will likely keep the carry trade well-supported. Following comments by the Fed's Powell warning that the US was at risk of being trapped in low growth, it was the BoE's McCafferty warning that

BoE MPC member, Ian McCafferty, wrote in an Op-Ed for the Times that if the UK economy performs in line with the initial survey signals, more easing would likely be required. McCafferty is viewed as the most hawkish member on the MPC, who voted for a

Strong US data has weighed on gold, putting pressure on recent longs. CFTC data as of August 2 showed that net longs increased by 2moz bringing net length to 35.64moz or 96% of the record. Interestingly, part of the gains was offset by shorts adding

Credit Suisse: NZD Higher Unless RBNZ Over-Delivers. The RBNZ OCR decision on Thursday presents a well-telegraphed but nonetheless difficult decision for Governor Wheeler and the Board. Having delivered escalated language around disinflation and the

With disappointment from the BoJ easing on 29 July and no surprises on the fiscal policy front, USDJPY is trading heavily around 101 after erasing most of the gains made from excessive policy expectations built after the Upper-House election in

1. The UK economy has simply become much less predictable now to rule any option out:  Most economists see a quick, shallow recession – yet Carney himself admitted last week that there is no perfect way to ‘model’ the UK economy post-Brexit

Brokers who provide leverage greater than 20:1 targeted. The French regulators announced that the country will introduce a ban on online advertisement of forex and binary options.  The ban will extend to other products that have leverage of

Following Friday’s BoJ disappointment, yen bears are hoping for compensation from Abe’s cabinet tomorrow . Abe has already pre-signalled a stimulus package worth ¥28trn, around half of which in fresh fiscal outlays, and the government now has an

USD:  The US dollar weakened by 0.6% on a DXY index basis in July with all of that depreciation and some more coming on the final trading day of the month in response to weaker than expected real GDP data for Q2. Real GDP growth has now been

A man enters the Credit Suisse offices in the Manhattan borough of New York City, U.S. July 5, 2016. REUTERS/Brendan McDermid LONDON (Reuters) - Two of Europe's biggest banks - Credit Suisse <CSGN.S> and Deutsche Bank <DBKGn.DE> - will be

The GBP has been broadly range bound over the last few weeks. This is mainly due to limited room of further rising rate cut expectations. In line with market expectations we believe that the BoE will lower interest rates by 25bp this week and

With strong arguments against fresh Bank of England policy measures being introduced on the 4th of August, we see the balance of risks lying with a stronger British Pound against the Euro and US Dollar by the time the day is done. Markets are pricing

Something Strange Emerges When Looking At A Congresswoman's Daytrading Records While we have often heard that members of Congress, who are not only exempt from insider trading oversight, are also ardent daytraders we had never seen it in action

EUR support in the wings, staying long:  There will be conclusions to be drawn for other currencies deploying NIR policy such as CHF, SEK or EUR. The short end of these currencies has priced in local central banks either keeping current monetary

Nearly 120,000 units of digital currency bitcoin worth about US$72 million was stolen from the exchange platform Bitfinex in Hong Kong, rattling the global bitcoin community in the second-biggest security breach ever of such an exchange. Bitfinex is

All the way to 1.07 in a year There is a Reuters poll which just came out which says the expectations are for the EURUSD to weaken to 1.083 and six months and to 1.07 in a year. This was unchanged versus July.   The same poll has the USDJPY