Sneak Peek: BoE Could Hint Easing in 2020
While no changes in rates tonight, Bank of England (BoE) may hint a possible easing in 2020 due to tepid inflation. GBP/USD could fall lower.
While no changes in rates tonight, Bank of England (BoE) may hint a possible easing in 2020 due to tepid inflation. GBP/USD could fall lower.
As the UK still has no trade deal with the EU post-Brexit, this is likely to improve risk appetite for GBP/USD in the forex market only for a short period of time.
With a majority Parliament won, PM Johnson will be able to get his Brexit deal through Parliament without further delay and take Britain out of the European Union. GBP/JPY could retrace first before...
US dollar and Treasuries yield fell after a less dovish FOMC as the market may be doubting Fed’s ability to accurately predict future outlook. Short USD/JPY?
With Fed widely expected to keep its monetary policy unchanged, market will be focusing on Powell’s press conference on Fed’s forward guidance. Long gold at dip?
With the results of the UK election almost unpredictable, it would be prudent to stay on the sidelines for now.
A neutral Fed and dovish ECB could be seen this week, short EUR/USD?
The return of 46,000 workers to GM could boost employment numbers tonight, though leading indicators show a deterioration.
With the trade deal in peril after Trump said he liked the idea of waiting until after elections for the China deal, global trade risks will continue to rise into 2020. Long gold?
Trade tensions between the US and the rest of the world may escalate, short USD/JPY and long gold.