Pound Under Pressure as May Requests Article 50 Extension
GBP/USD has posted slight losses in the Thursday session. In North American trade, the pair is trading at 1.3165, down 0.22% on the day. On the release front, British retail sales posted a gain of 0.4% in February, compared to...
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Dollar Mixed as Fed Rally Fizzles
Fed – Markets are still processing Fed decision EUR – Euro falls as German bunds target zero BOE – Unchanged on Interest Rate (vote 9-0) Oil – Softer on profit-taking Gold – Support from dovish Fed, Brexit and Trade risks...
British Pound Trading Higher Ahead Of The BoE’s Monetary Policy Decision
For the 24 hours to 23:00 GMT, the GBP declined 0.52% against the USD and closed at 1.3199, after British Prime Minister Theresa May confirmed that she was seeking a three-month delay the Brexit deadline. In economic news, UK’s consumer...
Japan’s Machine Tool Orders Plunged In February
For the 24 hours to 23:00 GMT, the USD declined 0.61% against the JPY and closed at 110.69. On the data front, Japan’s final machine tool orders sank 29.3% on an annual basis in February, confirming the preliminary print and...
Another Dovish FOMC Meeting Sees 2019 Rate Hike Plans Abandoned
The fed funds target range was held steady at 2.25-2.50% in a unanimous decision The updated dot plot shows a majority of FOMC members (11 of 17) don’t see the need for any rate hikes this year; the median call...
Fed Goes All in on Dovish Commitment (Dot Plots No More Hikes in 2019)
The Federal Reserve delivered a very clear dovish message. The dovish pivot that has been in place in January was cemented. The decision was considered dovish as the Fed cut the 2019 dot plots forecast from two hikes to none,...
Dollar Steady Ahead Of FOMC Meeting Today
The US dollar, which was trading subdued the past few days held steady ahead of the FOMC meeting today. The Fed will be releasing its economic projections and dot plot summary alongside the press conference. The US factory orders report...
Attention Shifts To The Fed As Brexit Strolls Into Final Week
UK casually strolling into final days without a deal There’s less than 10 days to go until the UK is meant to leave the European Union and despite the growing worry around Westminster, within there seems to be a severe...
Fed to Clarify How Patient it Could Get With Rate Hikes
The Federal Open Market Committee (FOMC) has two main things to clarify at the end of its two-day policy meeting on Wednesday at 1800 GMT. First is the course of rate hikes that the central bank hinted it will pause until later this year....
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