Tag - gbp

How Will CAD React To The BOC Meeting?
How Will CAD React To The BOC Meeting?

The Bank of Canada (BoC) is widely expected to leave its policy rate unchanged at 5% in its upcoming meeting, maintaining a hawkish stance in the face of rising inflation. The Canadian Dollar (CAD) has weakened against the US Dollar (USD) since...

How Did CPI Affect The Pound?
How Did CPI Affect The Pound?

The Consumer Prices Index including owner occupiers' housing costs (CPIH) is the most comprehensive measure of inflation in the UK. It extends the Consumer Prices Index (CPI) by including owner occupiers' housing costs (OOH) and Council Tax, both significant household expenses not covered by the CPI.

What Are USD Perspectives For The Upcoming Week?
What Are USD Perspectives For The Upcoming Week?

Let’s take a look at the prospective direction for the US Dollar and a few majors this week. Despite the general sentiment of most analysts being in favor of a continued bullish momentum on the dollar, I have reason to believe that this may not be the case - not yet, at least.

How will NFP affect the Markets?
How will NFP affect the Markets?

Goldman Sachs expects a strong jobs report for the US labor market in September, with an estimated 200,000 increase in non-farm payrolls…

What to Trade in October
What to Trade in October

Welcome to October, the tenth month of 2023. For this installment of What to Trade, I have handpicked a few of my favorite trade ideas for the month. Let’s go over a few of them.

Can the CPI Release Reverse The USD? 
Can the CPI Release Reverse The USD? 

The upcoming August inflation data may send mixed signals. The 12-month headline inflation rate is expected to rise to 3.6%, causing concerns for the Biden administration. However, core inflation, which excludes food and energy prices, is projected to decrease to 4.3%, aligning with the Federal Reserve's goals. Past price trends influence both figures, so looking at recent data for a more accurate picture is crucial.

What To Trade In September
What To Trade In September

Here we go again, my friends. It’s time to look critically into the future of what trading opportunities September might have in store for us. As always, it is essential to note that the views expressed here are mine and should not be considered financial advice without proper examination.

Key Moment For The USD.
Key Moment For The USD.

Emerging market countries, including the BRICS bloc, are expressing frustration with the US dollar's dominance in the global financial system. While there have been discussions about creating alternative currencies to challenge the dollar's dominance, no concrete proposals have emerged. Instead, these countries are considering expanding trade using their own currencies to reduce reliance on the dollar.

Will CPI release help the GBP?
Will CPI release help the GBP?

UK basic wages have experienced a record growth rate, prompting concerns for the Bank of England (BoE) over persistent inflation pressures despite 14 consecutive interest rate hikes. While the unemployment rate unexpectedly rose to 4.2%, basic earnings increased by 7.8%, the highest in records from 2001.

Labor Market Data May Send The USD Down
Labor Market Data May Send The USD Down

To properly examine the likely outcome of the Labour data release and the NFP (Non-farm Payrolls), I will be correlating the USD with the value of gold. That said, gold is at a critical juncture as the US Dollar strengthens and Treasury yields rise

Will BOE support GBP? 
Will BOE support GBP? 

Today, the Bank of England has decided to raise interest rates to combat inflation. In its recent report dated the 3rd of August, 2023, the BOE confirmed that it had raised interest rates to 5.25%, expecting that the inflation rates would drop to 2%.

Hedge funds Sell USD ahead of the FOMC meeting
Hedge funds Sell USD ahead of the FOMC meeting

Recently, gold prices settled by -0.41% at 59309 as the dollar and bond yields rose. However, hopes for a pause in US rate hikes limited the decline after the July meeting of the Federal Reserve. The unexpected drop in new claims for unemployment benefits in the US also contributed to the market sentiment.

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