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  • Outlook on Pound Sterling: Key releases ahead of Carney appointment

    As the month of June winds down, investors are zeroing in on UK fundamentals to determine the climate that new Bank of England Governor Mark Carney will inherit in July. The UK economy has suffered from recession and high inflation for the balance of the calendar year, causing widespread speculation over the future of British

  • USD/JPY: Battle of the Safe Havens
    Forex » USD/JPY: Battle of the Safe Havens
    Finances - June 22, 2013, 17:42 GMT

    Perhaps no other currency has faced more volatility in 2013 than the yen, which has been rocked by deepening stagnation, unprecedented stimulus and an unstable equities market. The yen managed to retrace its multi-year lows in the weeks leading up to this past Wednesday’s FOMC announcement, but ever since, the Japanese safe haven has been

  • Markets steady as global rebound begins

    In low volume trading seen in Asian and then in European trading sessions, the US Dollar continued its ascent whilst stocks and indices recovered some of the heavy losses made on Thursday after the Federal Reserve announcements. Asian stocks led the reversal after initially making early losses in overnight trading, following on from the largest

  • The Fed Fallout: Breaking down the North American pair

    USD/CAD went straight to work following Wednesday’s FOMC policy announcement, closing the North American session almost a full cent ahead of where it started. On Thursday, the markets were still buzzing from the Fed’s announcement that stimulus could be scaled back by end of year if the US economy continued to show progress. As the

  • US Dollar eyes bullish upside following Fed announcement

    Wednesday’s North American trade marked one of the most highly anticipated sessions in recent months, as the Federal Reserve finally set the record straight. Investors have been grappling with what the Fed might do following months of mixed economic reports and global volatility. On Wednesday US Fed Chief Ben Bernanke announced that tapering could commence

  • EUR/JPY forges ahead following ECB remarks

    The range-bound euro has been mired in consecutive losing streaks leading up its recent bout against the yen, where it managed to reverse some of its disappointing trends. EURJPY jumped higher in Tuesday’s European session, a trend that extended to the New York trading floor. The pair reached 125.5700 in the London trade before resuming

  • The Australian Dollar: Trends and Insights ahead of FOMC statement

    The downbeat Australian dollar emerged as a winner in early Monday trading, before the weight of FOMC speculation capped its gains against the US dollar. The highly anticipated Federal Open Market Committee meetings kickoff on Tuesday, with an official monetary policy decision and economic forecast slated for Wednesday. The Australian dollar enjoyed a session high

  • US Fed decision expected to rock the currency market

    Prior to the last few weeks, the US dollar enjoyed a bullish upswing on the back of positive economic reports that showed deepening recovery for the US economy. Investors placed high bets that the US economy was stabilizing, a clear sign that the Federal Reserve would scale back or end its latest round of quantitative

  • Pound Sterling and the future of Monetary Policy

    The 2013 calendar year has been a slow mover for the British pound, which has been bogged down by an unsavoury domestic economy and global uncertainty. The British economy continues to face economic recession, high inflation and weak output growth—trends that have left investors pondering about the future of British macroeconomic policy. To-date, the pound’s

  • The Yen’s resurgence: A closer look at major yen pairs

    Market participants have kept a watchful eye on the downward spiralling yen, which prior to Tuesday’s BoJ announcement was mired in consecutive losing streaks that pushed it to the brink of new lows against major peers. The yen’s freefall was triggered some months ago by the announcement of the Bank of Japan’s unprecedented stimulus plan,

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