BOE's Gov Carney hinted to stimulus yesterday, indicating that the pound could come under severe pressure if incoming data show no improvement. Coincidently, the same day there were suggestions that the EU-UK talks could be dragged past the tight deadline BoJo has set. The passenger plane crash in Tehran didn’t reflect into the markets as uncertainty about the...
In this video update, we take a look at the DXY. We expect downside here however if we do see a shock in the numbers the $97.00 resistance that the market has struggled to get above of recent could be broken. The numbers are forecast to be slightly softer, as well as the US Bond market selling off, the USD could be in for a decline.
In today's first video update, we take a look at USDJPY as the markets move from risk on to risk off the with safe haven currency taking hold of the market this week. NFP numbers are expected to be a bit softer and if we see a decline in jobs and the averages hourly earnings we could expect a further drop in the price of USDJPY.
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There looks to be a general consensus among forecasters that the weather will play a key part in job creation, which may hamper numbers to some degree. That said, the volatility in the monthly job gains has notable, ranging inside 150-250K, though inside these levels, the Fed will be content in maintaining their program of gradual rate increases through the year....
USDCAD, Dollar Dumps, Bank of Canada Interest Rate Hikes. FOMC Tommorow and NFP Friday. How much Lower can the Dollar go?