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GBP/USD Price Analysis: Holds positive ground above 1.2200, the next contention is seen at 1.2170

The GBP/USD pair holds positive ground for the second consecutive day during the early European session on Friday. As widely expected, the Bank of England (BoE) decided to maintain the interest rate unchanged at 5.25% on Thursday. During the press conference, BoE Governor Andrew Bailey stated that an additional rate hike could be appropriate, but Bailey disregarded rate cuts. […]

November 3, 2023
By admin

ECB’s Schnabel: Hopeful on inflation but cannot close door on rate hikes

The European Central Bank (ECB) board member Isabel Schnabel said on Thursday that the ECB is on track to push inflation back down to 2% by 2025, but the “last mile” of disinflation is likely to be the most difficult to overcome, so the central bank cannot rule out additional rate hikes.  Key quotes “With our […]

BOE Keeps Rates Unchanged

Bank of England announced its latest monetary policy decision today at 12:00 pm GMT. The consensus of the markets was in favor of the BoE keeping interest rates unchanged at 5.25% for the second consecutive time. The actual decision turned out to be in line with these expectations. Bank of England’s Monetary Policy Committee (MPC) voted […]

Bank of England’s Decision Ahead, What to Expect?

The Bank of England (BoE) intends to keep the interest rates at the current level of 5.25% after today’s meeting. The decision on interest rates will be announced at 12:00 PM GST time. Abstaining from hikes is the baseline scenario reflecting the cautious approach of the Federal Reserve (Fed) and the European Central Bank (ECB). […]

EUR/USD reclaimed the 1.0600 mark, Eurozone PMI, US data loom

The EUR/USD pair gains traction during the early European session on Thursday. The rebound of the major pair is bolstered by the correction of the US Dollar (USD) after the Federal Open Market Committee (FOMC) policy meeting decided to maintain the interest rate unchanged on Wednesday. At the press time, the EUR/USD pair is up 0.24% on the day […]

UK Interest Rate Decision Preview: BoE set to stand pat for second consecutive time despite high inflation

The Bank of England’s (BoE) Monetary Policy Committee (MPC) is meeting this week to decide the future of monetary policy and will announce its decision on Thursday, November 2. The central bank will publish the Monetary Policy Report alongside it, which offers the economic analysis and inflation projections that the MPC uses to make its […]

November 2, 2023
By admin

EUR/USD gains traction near 1.0600, eyes on US NFP data

The EUR/USD pair surges above 1.0580 during the early Asian session on Thursday. The weaker US Dollar (USD) after the Federal Open Market Committee (FOMC) policy meeting lends some support to the major pair. EUR/USD currently trades around 1.0597, up 0.26% on the day. The FOMC decided to keep the federal funds rate unchanged at 5.25–5.50% on […]

Sentiment in Europe Moves Lower

Overall market situation: Wednesday’s session on European markets, despite initial gains, is currently showing moderate declines on most stock market benchmarks. It is worth mentioning that, in view of the observance of All Saints’ Day, volatility on European markets may be somewhat lower today. Investors’ attention will turn today towards a number of macro data […]

November 1, 2023
By admin

US Labor Market Data And FOMC Decision in Focus

Futures markets point to a higher opening for today’s cash session in Europe. This comes after a better session in the Asia-Pacific zone, where individual stock indices posted big gains. Today’s session will bring investors a number of important macro readings. On the schedule, among others: industrial PMI data readings for many economies around the […]

Chart of The Day (TNOTE)

We have a very interesting day ahead of us in terms of the publication of important data and monetary decisions in the US. In addition to the final PMI data, ADP and JOLTS readings, as well as the key FOMC decision (along with Powell’s conference call immediately following it), investors will also learn about the […]