Post Tagged with: "Mark Carney"

Why The GBP Rally Against The USD Is ‘Puzzling’ – Credit Agicole

Carney’s bullish comments sent the pound higher, but doubts remain.

The team at Credit Agricole pours some cold water:

Read the rest of the article Why The GBP Rally Against The USD Is ‘Puzzling’ – Credit Agicole
Europe can breathe easier

Europe can breathe easier

Both of the most likely central bank candidates for commencing monetary policy normalisation have this week been vocal about the increased chances of them raising interest rates soon. With the bailout agreement on Greece earlier in the week this removed one of the major risks to global financial markets giving the Governor of the Bank [&hellip

GBP/USD leaps 100+ pips after Carney says a rate hike is getting closer

GBP/USD leaps 100+ pips after Carney says a rate hike is getting closer

GBP/USD flirts with 1.56 after trading around 1.5460 before these comments hit the wires. Carney said the time for a rate hike is getting closer. He said this in a testimony in the Inflation Report Hearings. This comes after inflation came out flat, within expectations but certainly not warranting a rate hike, at least not now. I n [&hellip

Forex Weekly Outlook June 8-12

Forex Weekly Outlook June 8-12

The US dollar had the final word in a turbulent and volatile week. G7 Meetings, a rate decision in New Zealand, employment data in Australia, as well as US retail sales, PPI and Consumer Sentiment stand out. These are the highlight events for this week. Join us as we explore the main market movers. US Non-Farm [&hellip

Forex Weekly Outlook May 18-22

Forex Weekly Outlook May 18-22

The dollar was on the back foot on more worrying signs from the US economy. Inflation data from the UK, the US and Canada, German Economic Sentiment,  GDP data from Japan, US FOMC Meeting Minutes, employment and manufacturing data as well as speeches from Mario Draghi, Mark Carney and Haruhiko Kuroda. These are the main [&hellip

Sterling Post-Election Honeymoon Extends Despite Cautious Carney

Sterling Post-Election Honeymoon Extends Despite Cautious Carney

Governor Mark Carney took a guarded stance this week at the Bank of England’s (BoE) Quarterly Inflation Report (QIR); focusing on the risk factors facing the British economy and the perils of raising interest rates too soon. Specifically Carney singled out Sterling’s performance against the Euro as a headwind facing inflation growth and that its [&hellip

Forex Weekly Outlook May 11-15

Forex Weekly Outlook May 11-15

Forex markets have seen a turbulent week, in which the USD suffered but managed to partially recover. German GDP, UK Employment data, Mark Carney’s speech and US consumer data stand out. These are the major events on forex calendar. Join us as we explore this week’s highlights. The Non-Farm Payrolls release showed the U.S. economy created 223,000 [&hellip

GBP/USD < 1.48

GBP/USD < 1.48

Pound/dollar continues falling and the critical level of 1.48 is now breached. While the break is not confirmed (low only at 1.4790 at the time of writing) these are the lowest levels since 2010, below the lows of 2013. The fresh move lower is related to a fresh wave of USD strength, but the larger move comes [&hellip

GBP/USD beginning to feel the dollar pressure – nears 1.50

GBP/USD beginning to feel the dollar pressure – nears 1.50

The British pound has been one of the more resilient currencies in the current dollar storm, with cable keeping away from 1.50, and with the pound setting new records against the euro as well as other currencies on a daily basis. But now, the most recent wave combined with weak UK manufacturing data, GBP/USD is getting closer to the [&hellip

GDP/USD Forecast Mar. 9-13

GDP/USD Forecast Mar. 9-13

The British pound was hard hit last week, as GBP/USD lost close to 400 points. The pair closed the week slightly above the symbolic 1.50 level. There are 12 events this week. Here is an outlook on the major events moving the pound and an updated technical analysis for GBP/USD. Last week’s pound collapse was more [&hellip

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