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Summary:

  • US forex and stock markets await labour statistics.
  • The UK economic outlook shocks the market.
  • CHF weakens further.

 

Read next: (EUR/USD) ECB Reveals The Possibility Of Interest Rate Increases In July, Negative Investor Sentiment Towards The GBP, Investor Sentiment Turns Bullish For The AUD/JPY Pair - Good Morning


 

EUR shows slight strengthening against the US Dollar

The price of the EUR/USD currency pair has increased since the market opened this morning. The strengthening of the Euro comes as the market awaits the release of the latest nonfarm payrolls data due from the U.S. Bureau of Labour Statistics, which are expected to have decreased over the past month. If there were any chance of the labour crisis being improved, the Fed may slow on their aggressive monetary policy.

The market sentiment for this currency pair is mixed, investors are awaiting the announcement from the Bureau of Labour Statistics, if the results are favourable, we could see the US

Is SEK (Swedish Krone) Going To Skyrocket!? Sweden’s Riksbank hikes rates by 50bp and signals more is coming

Bitcoin Price Back on The Rise, Consumer Spending In The UK Falls In Light Of Inflation And The US Dollar Continues to Strengthen

Rebecca Duthie Rebecca Duthie 26.04.2022 10:48
Summary: Bitcoin prices are increasing today after breaking support levels overnight. With consumer spending decreasing in the UK, the GBP is struggling to fight against the US dollar strengthening. With Australian inflation continuing to rise, the currency is weakening against and already strong USD. BTC/USD prices are increasing despite bearish market sentiment. We know that Bitcoin was the world's first digital currency and that its price is very volatile, making it historically popular for speculating traders. On Friday the price of Bitcoin dropped below $40 000, this reflected the midpoint of a 3 month long trade range. The price of bitcoin has increased by 5.55% since this morning. While market sentiment remains uncertain, current rises in the price of Bitcoin will likely be limited. As of this morning news broke that U.S Fidelity will allow employees to put Bitcoin into their 401(k) retirement savings accounts starting later this year, giving more people access to cryptocurrencies. Bitcoin Price Chart Read next: US Dollar (USD) Continues To Trump Euro (EUR) And British Pound (GBP). EUR Fails To Get Boost Post Macron Election Victory - Good Morning Forex!  GBP Weakening against the USD. Market sentiment for this currency pair is bearish at the moment, the USD has been strengthening against the GBP over the past week. This strengthening comes with investor confidence being restored in the US dollar as a result of the Fed increasing yields for the 7th week in a row. The GBP inflation is causing a problem for this currency, as consumer spending decreases, the economy can expect a knock. GBP/USD Price Chart AUD Weakens against the USD. Since the market opened this morning, investor sentiment for the AUD/USD pair is bearish. Yesterday the price of the AUD/USD pair hit its lowest since March. This comes with the USD strengthening, once again thanks to rising U.S yields as well as the negative news out of China causing investors to short riskier assets. In addition, the AUD is struggling post inflation expectation announcements, the inflation is expected to increase for 2 consecutive quarters. Inlight of this, the USD is benefiting hugely from the AUD weakening. AUD/USD Price Chart Read next: U.S Yields Expecting Further Increases!?, Announcement Of PMIs Prelims For The Private Sector - FOREX Today  Sources: dailyfx.com, finance.yahoo.com
Equities retraced amid weak US consumer confidence and near completion of quarter-end rebalancing

(EUR/USD) US Dollar Continues To Strengthen, BoEs Inflation Forecast and Economic Outlook Due On Thursday - Good Morning Forex!

Rebecca Duthie Rebecca Duthie 03.05.2022 12:22
Summary: EUR/USD breaks below 1.05. BoE’s and Fed monetary policy decisions due on during the trading week. GBP relying on the Fed’s quantitative tightening decisions. EURO is under pressure. The EURO lost more ground to the USD during the trading day on Tuesday, the price is sitting below 1.05. The first quarter of 2022 has not been positive for the EURO, with the Russia-Ukraine conflict still raging, the post-covid world, the hawkish Fed and lockdowns in China, are all putting pressure on the already weakening EURO. The market sentiment for this currency pair is mixed. EUR/USD Price Chart Read next: GBP: BoE Expected to Raise Yields, US Dollar (USD) Strengthens across the board - Good Morning Forex!  GBP sees strength against the EUR The GBP has strengthened against the EUR since the market opened this morning, however market sentiment is showing bullish signals. The strengthening of the GBP comes in anticipation of the Bank of Englands (BoEs) announcements due on Thursday, the market expectation is to see a hawkish BoE. If the BoE remains dovish, we could see the EURO bounce back. EUR/GBP Price Chart USD/CAD beats March high on Tuesday. The USD strengthened against the CAD on Tuesday, it's a busy week for the USD, the Federal Reserve is due to announce its monetary policy decision. The market sentiment for this currency pair is showing bullish signals, however, investor sentiment and confidence could easily be swayed in the coming days. USD/CAD Price Chart GBP shows strength against the USD. The Bank of Englands (BoE) monetary policy is the key driver for its small recovery against the USD, however the future of this currency pair lies in the decision of the Fed. The Fed is expected to begin the balance sheet reduction process through quantitative tightening could have adverse effects on the GBP. The market sentiment for this currency pair is bullish. GBP/USD Price Chart Read next: US Dollar (USD) Continues To Trump The EUR, BoE Expected To Increase Interest Rates, SNB Remains Dovish, South African Rand (ZAR) Performance  Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
GBP/USD: plan for the European session on June 22. COT reports. The pressure on the pound continues to build | InstaForex

US Dollar (USD) Expected To Strengthen As Investors Await Fed’s Interest Announcement (EUR/USD, AUD/USD), BoE are Expected To Raise Their Interest Rates (EUR/GBP), (AUD/USD) Showing Mixed Market Sentiment Signals, USD/CHF Is Bullish

Rebecca Duthie Rebecca Duthie 04.05.2022 11:50
Summary: The Fed is expected to tighten monetary policy further. BoE is expected to raise interest rates. RBA raises interest rates for the first time since 2010. SNB remains dovish in their fight against inflation. EURO expected to weaken further against the USD. Market sentiment is bearish for this currency pair, the market sentiment comes as market participants await the Fed’s interest rate announcement, investors expect a further 50 bp rise in interest rates which will result in a stronger US Dollar. Prices are continuing to rise despite the hawkish Fed, if this continues after the next interest rate increase, there could be trouble for the USD. EUR/USD Price Chart   Read next: (EUR/USD) US Dollar Continues To Strengthen, BoEs Inflation Forecast and Economic Outlook Due On Thursday - Good Morning Forex!    GBP showing further strengthening potential against the EUR. The EUR has been weakening against the GBP since the market opened this morning. The GBP strengthening against the EUR comes with expectations that the Bank of England (BoE) is expected to increase the interest rate yields by 25bps. The European Central Bank (ECB) is still behind the United Kingdom when it comes to tightening monetary policies, causing the EUR to weaken. The current market sentiment for the currency pair is bearish. EUR/GBP Price Chart The Reserve Bank of Australia raises interest rates for the first time since 2010. Since the market opened this morning, the price of the AUD/USD has increased by more than 0.3%. Market sentiment for this currency pair is mixed. The AUD is not giving the USD more opportunity to strengthen. The Reserve Bank of Australia raised their interest rates for the first time since 2010, the tightening of monetary policy comes in an attempt to fight the rising inflation. The AUD is a risk asset, which means its price is levered to commodities. The US Dollar is expected to pull back against the AUD as the world slows down and the hawkish Fed continues its war against inflation. AUD/USD Price Chart CHF Weakens as SNB remains dovish. The US Dollar is expected to strengthen against the Swiss Franc with the market sentiment showing bullish signals. The continuing hawkish attitude of the Fed and the dovish attitude of the Swiss National Bank (SNB), means the strengthening of the USD against the CHF is likely to continue. USD/CHF Price Chart   Read next: GBP: BoE Expected to Raise Yields, US Dollar (USD) Strengthens across the board - Good Morning Forex!    Source: finance.yahoo.com, dailyfx.com
German inflation comes down as government measures bite

(EUR/USD) All Eyes On The US Bureau Of Labour Statistics’ Results Due On Friday, (EUR/GBP) Bleak Economic Outlook For the UK Sends GBP Spiralling - Good Morning Forex!

Rebecca Duthie Rebecca Duthie 06.05.2022 11:20
Summary: US forex and stock markets await labour statistics. The UK economic outlook shocks the market. CHF weakens further.   Read next: (EUR/USD) ECB Reveals The Possibility Of Interest Rate Increases In July, Negative Investor Sentiment Towards The GBP, Investor Sentiment Turns Bullish For The AUD/JPY Pair - Good Morning   EUR shows slight strengthening against the US Dollar The price of the EUR/USD currency pair has increased since the market opened this morning. The strengthening of the Euro comes as the market awaits the release of the latest nonfarm payrolls data due from the U.S. Bureau of Labour Statistics, which are expected to have decreased over the past month. If there were any chance of the labour crisis being improved, the Fed may slow on their aggressive monetary policy. The market sentiment for this currency pair is mixed, investors are awaiting the announcement from the Bureau of Labour Statistics, if the results are favourable, we could see the US Dollar strengthen even more, if the results are below market expectations, we could see the EUR temporarily strengthen further against the US Dollar during the trading day. EUR/USD Price Chart GBP weakens against the EUR Market sentiment is showing bullish signals for this currency pair. On Thursday the Bank of England (BoE) announced their May economic forecast, which reflected a bleak picture. The BoE forecasted inflation to reach around 10% by the end of the year, along with expectations that the UK economy will slow, this forecast made the market turn away from the GBP. In the current economic environment, it is likely that other economies will face the same issues as the UK. EUR/GBP Price Chart CHF continues to weaken against the USD This currency pair is showing bullish market signals for the future. The US Dollar continues to strengthen against the Swiss Franc, the hawkish Fed and dovish SNB are factors driving investors to be net-short. USD/CHF Price Chart USD shows strength against the GBP. The GBP has weakened substantially against the USD in the past 24 hours. The Weakness of the pound sterling is reflective of the fact that the market and the Bank of England (BoE) have differing views of where they believe interest rates are going. Despite the BoE announcing that more interest rate hikes are on the way, markets have still reflected their lack of confidence in the currency. The hawkish Fed continues to drive the US Dollar's strength. GBP/USD Price Chart   Read next: US Dollar (USD) Expected To Strengthen As Investors Await Fed’s Interest Announcement (EUR/USD, AUD/USD), BoE are Expected To Raise Their Interest Rates (EUR/GBP), (AUD/USD) Showing Mixed Market Sentiment Signals, USD/CHF Is Bullish    Sources: finance.yahoo.com, bankofengland.co.uk, dailyfx.com, poundsterlinglive.com