While a proud footballing nation mourned another harrowing defeat there was still plenty to be excited about as England received its prize for coming fourth in the World Cup yesterday: a visit from US President Donald Trump. Arriving with a security convoy which looked like it had been plucked straight from the set of a Hollywood movie, the Pres...

2018-07-13 James Harte Read more
london pmi forex

The monthly PMI figures for the month of June signaled that the UK’s economy was poised for a rebound. Data from Markit/CIPS indicated a mixed report, but the overall factor was that business conditions were improving. Following the release of the PMI’s, Markit forecasts that the UK’s economy might have averaged around 0.4% in the three month...

2018-07-12 John Benjamin Read more
central bank

The Fed: Gradual Policy Tightening In Full Swing The Fed has reaffirmed its commitment to sticking to its plan of “gradual” policy normalisation with two more hikes forecast this year. The economic outlook is good, with the economy on track to grow by around 4% in Q2 2018, boosted by tax cuts with inflation continuing to creep higher. Employmen...

2018-07-05 James Harte Read more

EURUSD Non-Commercials reduced their net long positions in the Euro last week selling 2k contracts to take the total position to 34k contracts. EUR has now been net sold for each consecutive week over the last month as the market has adjusted its view in line with the ECB’s declaration that rates will be on hold until at least summer 2019. ...

2018-07-02 James Harte Read more
forex analysis

Daily Forex Market Preview, 02/07/2018 The euro currency was seen posting strong gains from the start on Friday. The gains came as news outlets reported that the EU summit saw the region's leaders agreeing to solutions on the European migrant crisis. The common currency also held its ground as economic data later in the day showed that hea...

2018-07-02 Orbex Read more
bank of england rate hike

The Bank of England held its monetary policy meeting last week on Thursday. As widely expected, the central bank left the key interest rate unchanged at 0.50%. However, the central bank was seen laying the ground work for a rate hike in August. However, a lot will depend on how the UK's economy fares in the second quarter of the year. Officia...

2018-06-26 John Benjamin Read more
boe inflation

The Bank of England's monetary policy meeting is scheduled for this week on Thursday. According to the economists polled and the market watchers, the UK's central bank is expected to leave interest rates unchanged at this week's meeting. The central bank had last hiked interest rates in November 2017 by 25 basis points, bringing the interest ...

2018-06-20 John Benjamin Read more
BoE Holds Rates As Economic Data Weakens

The BoE holds rates as economic data weakens in its meeting last week, matching market expectations. The BoE was initially supposed to hike rates by 25 basis points at this month's meeting. But following a soft patch of economic data, the market expectations fell dramatically. The central bank voted with a 5 - 2 result on interest rates. Two ...

2018-05-15 John Benjamin Read more
Brexit and the Forex Market

This is the year that we should see how Britain’s future relationship with the European Union pans out. Brexit is undoubtedly one of the most significant political events for the UK over the last few decades, and its impact on the Forex and global markets will last for a long time. So, regarding Brexit and the Forex Market – what could happen? ...

2018-04-24 Orbex Read more
Firm Wage Growth Keeps BOE on Track For A Rate Hike

UK inflation has undershot expectations for the second consecutive month with core inflation printing 2.3% in March vs 2.5% expected and headline inflation printing 2.5% vs 2.7% expected. However, a portion of the latest declines can be explained away by unique events such as the fall in airfares which came despite the early Easter. Furthermore,...

2018-04-19 James Harte Read more