Khurram Mustafa / Blog
Analysts at BBH noted the divergence between the two Antipodean Central Banks. Key Quotes: "The Reserve Bank of Australia next meets on December 1. It left rates steady at 2.0% earlier this week, but some forecasters had expected a 25 bp cut...
EUR/GBP is currently trading at 0.7135 with a high of 0.7149 and a low of 0.7041. EUR/GBP has been consolidating the upside rally post the BoE announcements, but is reluctant to let go of space at the mid point of the 0.71 handle. There has been a further bid on the profit taking down at 0...
EUR appears vulnerable, consolidating around fresh multi-month lows with data-driven weakness (weaker German factory orders) reversing on technical support triggered by the break of 1.0850, said Eric Theoret, FX Strategist at Scotiabank...
AUD/USD was rejected from session highs and erased daily gains to trade nearly flat on the day. AUD/USD recovered from a low of 0.7125 and reached a session high of 0.7169 as the greenback softened following the release of disappointing US data...
Valeria Bednarik, chief analyst at FXStreet noted and explained that the British Pound plunged after the BOE's monthly economic meeting, against the greenback, as the Central Bank offered a doom inflation outlook...
According to analysts from TD Securities today’s decision and documents from the Bank of England support the view of a rate hike at the May 2016 meeting...
USD/JPY dropped further during the American session and felt o121.50, where it finally found support. Currently it trades at 121.60/65, marginally higher for the day. Despite the retreated that is taking place during the American session the trend and momentum remains bullish...
Analysts at UOB Group noted that the RBA's Governor Stevens told an audience yesterday that the next monetary policy move is more likely to be a cut than a hike. Key Quotes: "Reiterating his message from Tuesday when the central bank left the cash rate on hold at a record-low of 2.0...
Valeria Bednarik, chief analyst at FXStreet explained that the EUR/USD pair has recovered from a fresh multi-month low set at 1.0833 during the Asian session, initially falling on a strong advance in local share markets...
GBP/USD paused the decline and managed to recover a few pips following the Bank of England ‘Super Thursday’ combo (monetary policy decision/statement/minutes/Quarterly Inflation Report...