GBP/USD Weekly Forecast (21st Jun 2021 – 25th Jun 2021)

Fundamental view: The British pound has broken down significantly during the couse of the week. The main focus shifted to the Bank of England, which puts pressure on economic optimism and the spread of the Delta covid variant. On the other hand, The Federal Reserve shocked markets by signalling two rate hikes in 2023, opposite [...]

EUR/USD Weekly Forecast (21st Jun 2021 – 25th Jun 2021)

Fundamental view: The Euro has fallen against its US counterpart during the course of the week, showing signs of extreme negativity after the Federal Reserve spooked everybody. Elsewhere The central bank shifted its cautious tone without much warning, forwarding chances of rate hikes. The dot-plot has showed that most Fed officials expect to raise rates [...]

BOJ interest rate decision favors yen

US dollar lost its gain against yen today. The main reason could be linked to the mixed performance of US Treasury yields and the S&P 500 Futures amid a light calendar and pre-BOJ caution. Meanwhile The Bank of Japan (BOJ) has kept its monetary policy settings unchanged following the conclusion of its two-day monetary policy [...]