UK Outlook Articles

March 29th, 2017 - Market Drivers March 29, 2017 Cable plunges in Asia but rebounds UK Mortgage Approvals dip Nikkei 0.08% Dax 0.48% Oil $48/bbl Gold $1252/oz. Europe and Asia: GBP UK Mortage Approvals 68.3K vs. 69.6K GBP Consumer Credit 1.44B vs. 1.3B North America: GBP PM May announceds Brexit 7:30 USD Pending Homes 10:00 Cable tumbled hard in Asian session trade tod...

March 28th, 2017 - GBP: Trading Article 50 Brexit Trigger & Dollar Turn Daily FX Market Roundup 03.28.17 Will tomorrow’s Brexit Article 50 trigger be much ado about nothing for the British pound? Judging from the recent price action of sterling, many FX traders believe that invoking Article 50 of the Lisbon Treaty is an inevitable formality. Prime Minister May’s decision...

March 28th, 2017 - Market Drivers March 28, 2017 FX treads water Aussie weakens to 7600 Nikkei 1.14% Dax 0.61% Oil $48/bbl Gold $1252/oz. Europe and Asia: No Data North America: USD Trade Goods 8:30 USD Consumer Confidence 10:00 After yesterday’s sharp risk-off selloff currency markets settled down today and rebounded somewhat, but price action has been tepid at best ...

March 27th, 2017 - Will USDJPY Hold 110? Here are 3 Reasons Why It Could Daily FX Market Roundup 03.27.17 The U.S. dollar fell to a 4 month low against the Japanese Yen today, extending a decline that has taken the greenback lower for 8 out of the last 9 trading days. Friday was the first positive one since March 10th and now that 110 is reached (USDJPY fell within 10 pips of t...

March 24th, 2017 - US Fiscal Policy, UK Brexit Trigger Pose Big Risks for FX Daily FX Market Roundup 03.24.17 It was a tough week for the U.S. dollar. A number of Federal Reserve officials were scheduled to speak but none of then said anything to help the greenback, which had been falling since the central bank raised interest rates last week. The calendar was light leaving the U...

March 22nd, 2017 - USD/JPY Bounces Off 111, Euro Tests 1.08 Daily FX Market Roundup 03.22.17 In the last 48 hours, risk aversion has swept through the foreign exchange market sending all of the major currencies lower. USD/JPY was hit the hardest with the currency pair extending its losses below 111. Although it traded as low as 110.73, it ended the NY trading session above the ro...

March 22nd, 2017 - Market Drivers March 22, 2017 USDJPY nears 111.00 Commdollars sell off sharply Nikkei -2.13% Dax -0.78% Oil $50/bbl Gold $1247/oz. Europe and Asia: EUR EU Current Account 24B vs. 31B eyed North America: USD Existing Home Sales 10:00 Risk off flows intensified in Asian and early European trade today with USD/JPY dropping towards the 111.00 figure as yi...

March 21st, 2017 - Market Drivers March 21, 2017 Euro clears 1.0800 UK CPI hotter, cable runs through 1.2450 Nikkei -0.34% Dax -0.04% Oil $50/bbl Gold $1231/oz. Europe and Asia: GBP UK CPI 2.3% vs. 2.1% North America: CAD Retail Sales 8:30 UK inflation data printed much hotter than anticipated pushing cable through the 1.2450 level in morning London trade while euro was...

March 20th, 2017 - Forex - Top 5 Things to Watch this Week Daily FX Market Roundup 03.20.17 Compared to the last 2 weeks when there were a number of central bank rate decisions and other key events, this SHOULD be a quieter period for the foreign exchange market. The key word however is SHOULD because low volatility hinges on the U.K. delaying Brexit for another week. There also...

March 20th, 2017 - Market Drivers March 20, 2017 Pound clears 1.2400 G-20 fails to agree on free trade Nikkei closed Dax -0.32% Oil $48/bbl Gold $1232/oz. Europe and Asia: AU Westpac survey 111.9 vs 113.9 North America: CAD Wholesale Sales 8:30 It’s been a very quiet start of trade for the FX market today with Japan out on holiday and global economic calendar essential...

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