Sneak Peek: BoE Could Hint Easing in 2020
While no changes in rates tonight, Bank of England (BoE) may hint a possible easing in 2020 due to tepid inflation. GBP/USD could fall lower.
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While no changes in rates tonight, Bank of England (BoE) may hint a possible easing in 2020 due to tepid inflation. GBP/USD could fall lower.
As the UK still has no trade deal with the EU post-Brexit, this is likely to improve risk appetite for GBP/USD only for a short period of time.
With a majority Parliament won, PM Johnson will be able to get his Brexit deal through Parliament without further delay and take Britain out of the European Union. GBP/JPY could retrace first before...
US dollar and Treasuries yield fell after a less dovish FOMC as the market may be doubting Fed’s ability to accurately predict future outlook. Short USD/JPY?
With the results of the UK election almost unpredictable, it would be prudent to stay on the sidelines for now.
With Fed widely expected to keep its monetary policy unchanged, market will be focusing on Powell’s press conference on Fed’s forward guidance. Long gold at dip?
A neutral Fed and dovish ECB could be seen this week, short EUR/USD?
The return of 46,000 workers to GM could boost employment numbers tonight, though leading indicators show a deterioration.
Trade tensions between the US and the rest of the world may escalate, short USD/JPY and long gold.
With the trade deal in peril after Trump said he liked the idea of waiting until after elections for the China deal, global trade risks will continue to rise into 2020. Long gold?
China could retaliate by threatening to back out from the US-China trade deal which is in its final stage. AUD/JPY could slide lower.
A meaningful recovery in euro dollar looks unlikely in the coming months after Friday’s PMIs. EUR/USD could head lower.
If Trump were to sign the Hong Kong Human Rights and Democracy Act, this could worsen the US-China trade talks. AUD/JPY could fall lower.
To understand negative interest rates, we need to understand the mechanics of why central banks cut or raise interest rates.
Risk sentiment improved after China cuts rate, long USD/JPY?
Antipodean currencies continue to weaken despite an improvement in risk sentiments as the slowdown in both Australia and New Zealand becomes evident through data.
Time is limited and it’s a fact we must live with. There are exactly 24 hours in a day, 60 minutes in an hour, 60 seconds in a minute and so on. If you think it’s not enough then you’re probably...
With RBNZ likely to cut rates tomorrow to 0.75% alongside RBZ’s current interest rates, NZD could remain dovish.
President Trump said last Friday that he has not agreed to scrap tariffs on Chinese goods which dampened global outlook. Safe-haven currencies could strengthen.