Finance ministers and central bank governors of the G20 nations are meeting in Asia over the weekend at a time when monetary policy is becoming ever more crucial for FX markets. In the early part of the financial crisis, everyone seemed to be moving in the same direction, in other words rates moving down. Now, we’re seeing much greater divergence, both in expectations and actual rates, which is causing more trends in currencies. The ECB has been easing and may do more next month. Expectations on the UK have shifted dramatically over the past 6 months towards earlier tightening. It is also causing more tension, especially in emerging markets as the Fed embarks on tapering the pace of its bond purchases, which was at least initially strengthening the dollar and putting pressure downward pressure on the more vulnerable emerging market currencies. The recent weakness in US data has given emerging market currencies some respite, with those under most pressure into the end of January having staged a decent recovery, but we are very early along the road along of the removal of very simulative measures from the US. As such, the current situation is not likely to remain and more pressure on emerging market currencies is going to be seen in the coming months. For today, sterling is focused on retail sales and public sector borrowing data at 09:30, with sales seen falling after the very strong December. US data is second tier, with existing home sales released at 15:00 GMT. Further reading: UK retail sales drop 1.5% – more than expected – but GBP/USD recovers EUR/USD Feb. 21 – Euro Holds Firm Despite Weak PMIs 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 Sterling begins week with a bang, but cable retraces its Guest 8 years Finance ministers and central bank governors of the G20 nations are meeting in Asia over the weekend at a time when monetary policy is becoming ever more crucial for FX markets. In the early part of the financial crisis, everyone seemed to be moving in the same direction, in other words rates moving down. Now, we're seeing much greater divergence, both in expectations and actual rates, which is causing more trends in currencies. The ECB has been easing and may do more next month. Expectations on the UK have shifted dramatically over the past 6 months towards earlier tightening. It… 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.
