BOE GBP

With Non-Commercial Sterling short positions hitting record levels but GBP still rising, it is worth taking some time to consider the underlying dynamics that are fuelling this disconnect between positioning and price action, starting first of all with central bank policy. BOE Take Hawkish Turn At their recent meeting, the BOE took a hawkish...

2017-03-22 James Harte Read more
BOE_UK Data_UK Inflation

Inflation Surprises To The Downside, Relative To Expectations Despite positive momentum in the inflationary environment, UK CPI increased less than expected over January at 1.8% vs 1.9% expected. Relative to expectation, the downside surprise from this month’s reading helps normalise the recent trend of upside CPI surprises. The details of t...

2017-02-21 James Harte Read more
New Zealand

The markets were seen recovering following the weekend reports of a failed military coup in Turkey New Zealand second quarter inflation rises 0.40%, less than expected BoE MPC member, Martin Weale signals no urgency to ease monetary policy in August Markets looking at a slow day of trading with no major news flows Today’s Economi...

2016-07-18 John Benjamin Read more
Market news

Compared to the commodities market, the forex market was more relaxed with fewer spikes. The dollar had a tranquil flow yesterday, with no major news with impact on the trading evolution. The Aussie profited from this, with a hike over 0.7440 but a short recovery after, with the release of the latest CPI and RBA’s Governor press conference. RBA ...

2015-07-24 Orbex Read more
Market news

The EURUSD appreciated in the last two days, even if the Greek situation went through critical moments. The Eurogroup leaders met on Thursday but didn’t manage to reach a deal. Jeroen Dijsselbloem (Eurogoup chief) still believes that it's still possible to find a solution, while Valdis Dombrovskis (European Comission vice-president) warned that ...

2015-06-22 Orbex Read more
trading tools and educational information

Is the EURUSD tendency rising? Probably, if we look at the daily chart, but even there the situation is not good. The technical evolution slopes towards the minimum day by day. The euro is wrestling with the Greek problems and the apparent incapacity of the officials to put an end to this situation. Recently the PM, Alexis Tsipras, told lawmaker...

2015-06-19 Orbex Read more
Market news

The outlook for the euro became better yesterday as official sources claimed that Greece's creditors drafted the broad lines of an agreement which is due to be discussed today in a meeting between Alexis Tsipras and the European Commission President, Jean-Claude Juncker. The European currency experienced an episode of appreciation, but shortly a...

2015-06-04 Orbex Read more