Author: FX

The Pound Sterling losses ground against the US Dollar even though the Bank of England lifted rates by 0.50%. US Retail Sales for November disappointed, though they showed the effects of the Federal Reserve policy. GBP/USD: The dip towards the confluence of the 20/200-DMAs, could pave the way for a re-test of 1.2400 The Pound Sterling (GBP) failed to gain traction amidst a Bank of England (BoE) 50 bps rate hike, though risk aversion maintains the US Dollar (USD) bid, after hitting six-month lows around 103.448, per the US Dollar Index (DXY). Mixed economic data released by the United States…

GOTU, BLBD and RENT are among consumer movers Source link

British Pound Talking Points: Recommended by James Stanley Get Your Free GBP Forecast It’s been a strong Q4 for the British Pound, and if you could go back to the beginning of the quarter, that probably would’ve been a difficult fact to come to grips with. It was in late-September when the currency put in a collapse-like move after Liz Truss came under fire. Her tenure didn’t last long and British Pound weakness dried up as she was hitting the exits.And then for most of the next two and a half months, GBP/USD rallied, eventually re-claiming the 1.2000 psychological level…

The ECBs Lagarde along with the ECB were more hawkish on inflation saying that rates would need to rise significantly. That has sent European yields higher, stocks lower and the EURUSD higher. The Fed’s more hawkish stance meanwhile has the USDJPY moving higher and the GBPUSD lower. Things are moving. ADVERTISEMENT – CONTINUE READING BELOW Source link

The US Dollar has remained at stronger levels following the Fed’s hawkish policy update. However, the Fed is unlikely on its own to reverse the bearish tend, economists at MUFG Bank report. Fed to step down the pace of hikes again to 25 bps in February “The Fed’s hawkish policy update will provide more support for the US Dollar in the near-term as it serves as a reminder to market participants not to get too carried away in pricing in bigger dovish pivot from the Fed. However, it is unlikely on its own to reverse the bearish tend that has…

The FOMC, ECB, BoE, SNB and Norges Bank are out of the way, leaving the markets digesting the tightening announcements as we move to the year’s end. The SNB, ECB and BoE all delivered a 50 bp rate hike as expected, with the Norges Bank being the exception of the week hiking policy rate by 25 bp. ECB left the deposit rate at 2.00% and the main refi rate at 2.50%. The statement stresses that rates still have to rise significantly at a steady pace, and the ECB will stop the reinvestment of some bonds maturing under the APP program with…

ECB Rate Decision Key Points: Recommended by Zain Vawda Get Your Free EUR Forecast The European Central Bank has raised interest rates as inflation remains sticky as 2023 approaches. The Central Bank expects to raise rates further based on a significant revision of the inflation outlook. Food price inflation and underlying price pressures have strengthened across the economy and are expected to persist for the foreseeable future. Average inflation reaching 8.4% in 2022 before decreasing to 6.3% in 2023, with inflation expected to decline markedly over the course of the year.The Euro Area economy may contract in the current quarter…

Bridgemarq Real Estate Services declares CAD 0.1125 dividend Source link

© Reuters. A stream of particles, which NASA says appears to be liquid and possibly coolant, sprays out of the Soyuz spacecraft on the International Space Station, forcing a delay of a routine planned spacewalk by two Russian cosmonauts December 14, 2022 in this sti By Steve Gorman (Reuters) -A routine spacewalk by two Russian cosmonauts aboard the International Space Station (ISS) was called off as it was about to begin after flight controllers noticed a stream of liquid spewing from a docked Soyuz spacecraft, a NASA webcast showed. The spray of fluid, which was visible in NASA’s live video…

It’s gonna be a busy day for European traders with the BOE, ECB, and SNB publishing monetary policy decisions today! Traders are slightly more interested in what the ECB will have to say though. How will EUR/USD react to today’s headlines? Before moving on, ICYMI, yesterday’s watchlist looked at NZD/USD’s uptrend pullback ahead of the FOMC policy decision. Be sure to check out if it’s still a valid play! And now for the headlines that rocked the markets in the last trading sessions: Fresh Market Headlines & Economic Data: EIA: U.S. crude stocks soar by more than 10 mln barrels…