News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
Wall Street
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Stocks appear to be in a corrective phase but could get put to the test; levels and lines to watch in the days ahead. Get your weekly equities forecast from @PaulRobinsonFX here: https://t.co/H1BaTlIHjY https://t.co/zP3mjfslSD
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here: https://t.co/4jsORznRTE https://t.co/Of1thU4zXw
  • Further your forex knowledge and gain insights from our expert analysts on AUD with our free guide, available today: https://t.co/p2FhEwym1E https://t.co/MjiYB85TSF
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here: https://t.co/BdgFmkRxVw https://t.co/fIO9TP7D62
  • Trading Forex is not a shortcut to instant wealth, excessive leverage can magnify losses, and sentiment is a powerful indicator. Learn about these principles in depth here: https://t.co/lZFM8youtX https://t.co/Xja8DHUqlH
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here: https://t.co/IsnpfJhp91 https://t.co/9po5Lg4vnR
  • The Japanese Yen is eyeing the upcoming Bank of Japan rate decision and CPI figures, but JPY crosses will likely remain dependent on broader market sentiment. Get your weekly $JPY forecast from @FxWestwater here: https://t.co/x9rbQpPfWe https://t.co/2x1R5XTVea
  • Consolidation or bull flag? A bull flag is a continuation pattern that occurs as a brief pause in the trend following a strong price move higher. Learn how to better spot these formations here: https://t.co/yOEvLjKnct https://t.co/uCaWQiu4Ly
  • Crude and Brent oil are on track to extend higher as Gulf Coast supply disruptions and a positive OPEC report bolster sentiment. Uranium is on a massive surge, aided by the famous Wall Street Bets group. Get your market update from @FxWestwater here:https://t.co/XrpV0jcy8e https://t.co/g2To3LmUah
  • RT @michaeljburry: Read thread.
BoE Leaves Rates Unchanged as Strong UK Growth Continues

BoE Leaves Rates Unchanged as Strong UK Growth Continues

Gregory Marks,

Talking Points:

- BoE leaves rates unchanged at 0.50% and the asset purchase target at 375B as expected

-Market participants are left without a policy statement once more

-Pound retraces gains ahead of ECB, NFPs

The Bank of England left its key benchmark interest rate at 0.50% while leaving the Asset Purchase Target at 375B once more in January. Governor Carney of the BoE has left market participants in the dark by not releasing a policy statement in some time. As the U.K. economy continues to show strong growth and as inflation and unemployment near levels close to those desired in Gov. Carney’s forward guidance for any interest rate hike, the BoE may be wary of optimistic rhetoric that would contribute to the Pound’s rise.

GBP/USD (5-Minute Chart)

BoE_Leaves_Rates_Unchanged_as_Strong_UK_Growth_Continues_body_Picture_2.png, BoE Leaves Rates Unchanged as Strong UK Growth Continues

Source: FXCM Marketscope

Moves in the Cable to the upside were short lived as traders await upcoming event risk with tomorrow’s NFPs. Take note of the European Central Bank Rate Decision and Draghi presser following at 13:30GMT.

BoE_Leaves_Rates_Unchanged_as_Strong_UK_Growth_Continues_body_Picture_1.png, BoE Leaves Rates Unchanged as Strong UK Growth Continues

Gregory Marks, DailyFX Research Team

Keep up to date on event risk with the DailyFX Calendar.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES