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Mar 22, 19 •
2288 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on U.K. pound arrests slump as E.U. summit reaches decision, euro sells off as Markit PMIs miss forecasts.
On Thursday evening at an E.U. summit, the leaders of the E.U. 27 finally took control of the Brexit process, by declaring the revised exit dates for the U.K. The March 29th deadline has been moved; if the U.K. parliament can’t agree to the withdrawal...
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Mar 22, 19 •
1892 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Sterling continues falling as European council summit leaders gather to decide on any U.K. Brexit extension, U.S. dollar recovers Wednesday’s FOMC forward guidance related slump
The next chapter of the Brexit debacle was reached on Thursday, as the U.K. prime minister May scuttled off to Brussels, in an attempt to negotiate an extension, to the March 29th leave date. She wanted June 30th, the Council appears unwilling to grant such...
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Mar 22, 19 •
2096 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Yen gains as U.S. dollar slumps due to dovish Fed statement, investors await BoE base rate recession and monetary policy statement
By Thursday morning, the U.S. dollar had stabilised its Wednesday evening sell off, caused by the FOMC interest rate hold announcement and the dovish monetary policy statement, broadcast by Jerome Powell after the announcement. Mr. Powell hinted that the...
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Mar 21, 19 •
2244 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on U.S. dollar crashes, as the chair of the Fed Jerome Powell delivers extremely dovish forward guidance
The FOMC rate setting meeting ended with the key interest rate being kept at 2.5%. However, the greenback crashed versus the majority of its peers on Wednesday evening, after the Fed chair and leader of the FOMC, delivered such a reactionary dovish policy...
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Mar 21, 19 •
1752 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on The U.K. Bank of England will release its final base rate decision and deliver its last monetary policy statement, before the official Brexit date
On Thursday March 21st, at 12:00pm U.K. time, the U.K. central bank the Bank of England, will announce its latest decision concerning the U.K. economy’s base rate. Currently at 0.75% the widely held consensus is that the Governor of the Bank of England,...
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Mar 20, 19 •
1429 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Sterling slips as Brexit chaos continues, doubts begin to emerge regarding the China-USA trade agreement
GBP pairs fell sharply during the early stages of the London-European trading session, as leading E.U. negotiator Michel Barnier instructed the U.K. that the European Council would not be making a decision on the U.K. request for a three month extension, to...
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Mar 20, 19 •
1361 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Sterling and the U.S. dollar trade in tight ranges during Tuesday’s sessions, as FX traders try to figure out Brexit, whilst predicting the FOMC rate setting narrative
The Brexit debacle took another twist on Tuesday, as Michel Barnier, the leading E.U. negotiator, insisted that the U.K. government’s expectation; to have the exit extended beyond the March 29th legal date agreed by Parliament, is highly presumptive. Mr....
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Mar 20, 19 •
1511 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Market attention will turn to the FOMC rate setting decision and any forward guidance the Fed chair Jerome Powell provides
At 18:00pm U.K. time, on Wednesday March 20th, the Federal Open Market Committee (FOMC) will announce its latest decision with regards to the key interest rate for the USA economy. Currently at 2.5%, the widely held consensus, after news agencies such as...
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Mar 19, 19 •
1352 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Sterling recovers as FX analysts and traders game theorise the U.K. govt’s Brexit options, U.S. dollar slips as FOMC rate setting decision approaches
The U.K. pound recovered a proportion of its lost gains, during the Sydney-Asian session on Tuesday morning, a recovery which continued into the early hours of the London-European trading session. The sell off, which sterling suffered during Monday’s...
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Mar 19, 19 •
1741 Views •
Forex Trading Articles, Market Commentaries, Morning Roll Call •
Zahir Shah
Comments Off on Sterling slips as Brexit situation takes unforeseen twist, USA equity indices rise, on prediction of a dovish, FOMC meeting outcome
The U.K. pound began to fall versus its peers, during Monday’s early trading sessions, as FX market participants began to wake up to the fact that the U.K. is now only nine working days away from needing to find an exit solution, or crash out. However,...