GBP Weekly Forecast (May 7 – 11)
April hasn’t been such a good month for sterling, and it looks like Royal Wedding news are doing little to turn those frowns upside down. Will Super Thursday also be a gloomy one?
Read MoreApril hasn’t been such a good month for sterling, and it looks like Royal Wedding news are doing little to turn those frowns upside down. Will Super Thursday also be a gloomy one?
Read MoreThe euro is the currently the second worst-performing currency of the week (as of 1 pm GMT) while the Swissy is the third weakest currency. So, what pulled the two European currencies lower for the week?
Read MoreTrade war fears and bond yield price action pushed the yen to one of the top spots last week. Will this week’s events extend its bullish run?
Read MoreGold and Australia’s data releases dictated the Aussie’s price action last week. What could influence its price action this week? Here’s a list.
Read MoreThe RBNZ is set to publish its decision this week! Will it push the Kiwi back to its 2018 highs? Here are this week’s potential catalysts.
Read MoreToday is another NFP Friday so trading conditions were relatively tight and price action was rather choppy as forex traders hunkered down ahead of the NFP report. It wasn’t complete snooze fest, though, since the yen and the Aussie were on the move.
Read MoreThe Aussie traded higher on the back of a relatively upbeat quarterly statement from the RBA, while the Kiwi got dragged lower on a profit-taking wave ahead of the NFP release.
Read MoreThe Greenback returned some of its earlier losses on weaker economic data, a dip in equities, and lower U.S. bond yields.
Read MoreThere were plenty of themes that were playing out during the London session, with GBP weakness and JPY strength being the most main ones. However, CHF weakness and NZD strength were also notable.
Read MoreThe Greenback saw more profit-taking after the FOMC printed its May policy decision. Meanwhile, the Aussie and Kiwi get a boost from Australia’s strong data releases.
Read MoreAll things are difficult before they are easy.Thomas Fuller