Monday was characterised by creeping dollar strength, with emerging markets and the dollar bloc (Canada, Australia, New Zealand) losing out the most. Perhaps this was not that surprising as we headed into central bank meetings the BoJ overnight tonight, followed by the US Fed on Wednesday evening. The BoJ made no changes to policy overnight and retains some confidence on the economy, although with plenty of prevailing risks. The scope for further easing remains strong, given that inflation appears further than ever from achieving the 2% level on a sustained basis that was the aim when Japan went all in more than 2 years ago. The yen has strengthened a touch overnight against the backdrop of a generally firmer dollar, with this most evident against sterling. The UK currency remains vulnerable in a generally more risk averse environment, which we’re seeing this morning as stocks weaken and the oil price weakens below the USD 40bp level. Cable is edging towards the 1.42 level as we enter the European session. The Brexit issue, although 3 months away, remains a weight upon the market, especially for longer-term investors. Note that the Fed begins its two day meeting today, with the results coming tomorrow evening. Before then, we have the release of retail sales and PPI data in the US, where we can expect to see greater focus on the extent to which the US consumer is becoming more cautious against the wider global risks to the US economy. Further reading: BOJ talks but doesn’t act – USD/JPY slides EURUSD , GBPUSD , USDJPY and XAUUSD TA – March 15 2016 FxPro - Forex Broker FxPro - Forex Broker Forex Broker FxPro is an international Forex Broker. FxPro is an award-winning online broker, offering CFDs on forex, futures, indices, shares, spot metals and energies, serving clients in more than 150 countries worldwide. FxPro offers execution with no-dealing-desk intervention and maintains a client-centric business model that puts customer needs at the forefront of our operations. Our acquisition of leading spot FX aggregator, Quotix, enables us to offer access to a deep pool of liquidity, as well as top-class order-matching and some of the most competitive spreads in the market. FxPro is one of only few brokers offering Negative Balance Protection, ensuring that clients cannot lose more than their overall investment. FxPro UK Limited is authorised and regulated by the Financial Conduct Authority (registration number: 509956). FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (licence number: 078/07) and by the South Africa Financial Services Board (authorisation number 45052). Risk Warning: Trading CFDs involves significant risk of loss. View All Post By FxPro - Forex Broker Daily Look share Read Next GBP/USD loses 1.42 on heightened Brexit fears Yohay Elam 6 years Monday was characterised by creeping dollar strength, with emerging markets and the dollar bloc (Canada, Australia, New Zealand) losing out the most. Perhaps this was not that surprising as we headed into central bank meetings the BoJ overnight tonight, followed by the US Fed on Wednesday evening. The BoJ made no changes to policy overnight and retains some confidence on the economy, although with plenty of prevailing risks. The scope for further easing remains strong, given that inflation appears further than ever from achieving the 2% level on a sustained basis that was the aim when Japan went all in… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
