Category: Forex
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GBP/USD Drops Following Bank of England’s Indication of Fewer Future Rate Increases
GBP/USD dropped following Bank of England’s indication of fewer future rate increases and revised economic forecasts.
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Analysis of GBP/JPY Exchange Rate – British Pound Strengthens Against the Japanese Yen
The British pound surged in value after the Bank of Japan announced its yield curve control policy and UK’s hot CPI numbers.
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Forecast for GBP/USD Exchange Rate – British Pound Strengthens on Wednesday
British pound strengthens on Wednesday, surpassing 1.23 level and potentially reaching 1.2450, with Federal Reserve’s monetary policy being a factor.
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Central Bank of Russia Disposes of Yuan Worth $47 Million in January
Russia has sold the equivalent of almost $47 million of yuan in January to purchase roubles to compensate for budget shortfall created by decreased oil and gas revenues.
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Asian Currencies are taking A Hit Against the US Dollar
Asian currencies have fallen due to worries about China’s slowing economic development and remarks from the US Federal Reserve.
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Speculators Are Long on the Us Dollar: Should You?
The value of net long positions on the US dollar rose to $13.37 billion in the week ended Aug 16, while net short positions on the euro increased.
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Asian Currencies Are Jumping With Fed and Inflation
On Friday, most Asian currencies remained unchanged as investors balanced signs of easing US inflation.
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Investors are Moving towards Derivates as federal reserve interest rate hikes come- CME Group
The cme group holiday calendar shows that investors expect interest rate hikes from the Federal Reserve and other central banks.