Fundamental view: Pound has been trading high against greenback in the past week. GBP/USD as much of the post-FOMC hawkish excitement faded. The recent meeting of BOE provided little in the way of surprises with policy tools left unchanged on the other hand, the outgoing Chief Economist, Andy Haldane, had once again been the only [...]
Fundamental view: The Euro has bounced rather hard to form a bull candle. Fed bankers remained under the spotlight, although sentiment was the main driver, as rallying stocks underpinned demand for high-yielding currencies. On the one hand, European Central Bank President Christine Lagarde said that the outlook for the euro area economy is brightening as [...]
Euro is somewhat picking up bids on the second day heading into Friday’s European session. EUR/USD is encouraging bullish market sentiment and US dollar retreat as bulls. However, it should be noted that the US Federal Reserve (Fed) wishes the traders to study inflation data late on a monthly basis. Fears of the US Personal [...]
Pound picks up bids on the fourth consecutive positive day in Asia. Monetary policy meeting of the Bank of England (BOE) seems to impact the pound positively. The Bank of England is about to announce its latest decision on monetary policy on Thursday, June 24. This particular meeting will not include fresh macroeconomic projections, due [...]
