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EUR/USD Rallies to 1.1260 on ECB's Mario Draghi Comment on Inflation

Posted by Chris Advincula on Jun 27, 2017 7:07:52 AM

The ECB President Mario Draghi said that he was reasonably confident that factors weighing on inflation is temporary and that deflation risk is now priced out of inflation expectations. Euro surged against the dollar from 1.1190 to 1.1265. (+75 pips). The US dollar fell in European trading thus adding to the euro's gain.

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Topics: EURUSD, Mario Draghi, Forex, ECB monetary policy

GBP/USD Rebounds to 1.2740 As Theresa May Forms Alliance with Northern Ireland's DUP Party

Posted by Chris Advincula on Jun 26, 2017 7:10:27 AM

Sterling reversed its decline to 1.2705 after the initial selling in early Europe following the news headline that British Prime Minister Theresa May reached an agreement with the Northern Irish Democratic Unionist Party on Monday to gain coalition support for the UK Conservatives. 

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Topics: GBPUSD, Forex, BREXIT

GBP/USD Rose to 1.2740 on BOE's MPC Kristin Forbes Comment on Rates

Posted by Chris Advincula on Jun 23, 2017 7:08:48 AM

Sterling rose on extended gains from the 1.2675 level in the prior Asian session to rise to the intraday high of 1.2745 in the Friday European session as traders take into account the hawkish comment by one of the Bank of England MPC member, Krisin Forbes.

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Topics: GBPUSD, Forex

GBP/USD Fell to 1.2660 on BOE's Mark Carney Comment on Rates

Posted by Chris Advincula on Jun 20, 2017 7:15:45 AM

(Jun 20 Tues) Sterling fell against the dollar from 1.2740 to 1.2660 in reaction to the bearish comments from Bank of England's Governor Mark Carney who said that he still had concerns over the impact of Brexit on the U.K. economy and gave hints that he does not intend to rush into raising interest rates to address the weakness of the UK economy and subdued inflation.

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Topics: GBPUSD, Sterling Pound, Forex, BREXIT

Bank of Japan Left Interest Rates & Policy Unchanged; USD/JPY Weakens to 2-Week Low

Posted by Chris Advincula on Jun 16, 2017 7:09:32 AM

The Japanese yen weakened to a two-week low after the Bank of Japan kept its interest rates steady and conveyed the message that it was not going to follow the U.S. Federal Reserve strategy to raise rates.

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Topics: $USDJPY, Japanese Economy, Forex, BOJ Monetary Policy

 

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