Pound sterling analysis and talking points More uncertainty around the BoE on Fed guidance (Jerome Powell) makes US dollar conditions more interesting. US economic data including NFP and ISM to further clarify the picture. Will the rising wedge strike again? Recommended by Warren Venketas Get your GBP forecast GBP/USD Basic Forecast: BEARISH Trade Smart – … Read more
Yesterday’s shopping package The market’s focus shifted to Jerome Powell after the US dollar weakened following the ISM service cut last Friday, although he did not touch on monetary policy and rate hikes. Traders took that as a reassuring sign that the US dollar continued to decline on Tuesday, while risk assets continued their bullish … Read more
S&P 500 futures are now down 7 points, or 0.2%, while the 10-year Treasury yield is now up 3.6 bps to 3.730%. That’s up around 0.5% and a slight contrast from the previous session when the latter fell 1 bps to 3.684%. The change in sentiment is now seeing the dollar slightly higher against major … Read more
Yesterday’s shopping package The US dollar has been showing weakness recently as central banks begin to cut rates and risk sentiment improves, using riskier assets. Although the US dollar bounced back ahead of the US CPI (Consumer Price Index) report yesterday in the European session, shaking markets. Traders enter the inflation report with a binary … Read more
The dollar is soft across the board as it has been giving back some of its gains of late. That said, even a 1% jump in cable is still unheard of with prices hovering above 1.0800 on the day. Elsewhere, the dollar spot in USD/JPY was down 0.3%, but still around 144.30 and close to … Read more