Traders will focus on the Fed and BoE speakers this week.
GBP/USD is on the back foot, falling from a high of 1.3064 to a low of 1.3004, down some 0.37% at the time of writing. There were no UK data releases scheduled for Monday and markets have been closed for the Easter Monday Bank holidays. Instead, the focus has been on the US dollar which has been firmer against its major trading partners ahead of a light data schedule. The week's data highlights include home construction on Tuesday, Existing Home Sales on Wednesday, and Weekly Initial Jobless Claims on Thursday. The Federal Reserve will release its Beige Book summary of economic conditions on Wednesday. Before then, St.
Similarly, traders will be on the lookout for commentary from the Bank of England's Governor Andrew Bailey who speaks twice on the economy this week. This will offer a strong platform to discuss his dovish views on the BoE's policy stance. ''Thursday's discussion at PIIE is likely to be the most important, but he'll address inflation on an IMF panel on Friday as well.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GBP/USD Forecast: Pound looks vulnerable despite thin holiday tradingGBP/USD has retreated toward 1.3000 early Monday amid renewed dollar strength. The pair stays in negative territory during the European trading hours
Source: FXStreetNews - 🏆 14. / 72 Read more »
EUR/USD bears rest at an area of consolidation, eyes on French elections and UkraineThe euro fell to the lowest levels since May 2020 after the European Central Bank kept its policy stance broadly unchanged, sticking to plans to slowl Ross_Burland Patience’s in the market today Ross_Burland EUR/USD dans une zone de consolidation pour l'ouvert. Un gros dans la politique française et la crise ukrainienne est en cours. L'euro est tombé à son plus bas niveau depuis mai 2020 après que la Banque centrale européenne a maintenu sa politique globalement inchangée,
Source: FXStreetNews - 🏆 14. / 72 Read more »
EUR/USD Price Analysis: Bears in control, but weekly M-formation is menacingThe euro is bobbing along the bottom of the bear cycle range and likely has more to go to the downside in order to mitigate the imbalance left behind
Source: FXStreetNews - 🏆 14. / 72 Read more »
AUD/USD bears push the pair below 0.7400 and target the 50-DMA around 0.7330sAUD/USD bears push the pair below 0.7400 and target the 50-DMA around 0.7330s By christianborjon AUDUSD Majors Macroeconomics Technical Analysis Sentiment
Source: FXStreetNews - 🏆 14. / 72 Read more »
USD/CHF Price Analysis: Bulls are hopeful on bullish pennant formation, 0.9500 eyedUSD/CHF Price Analysis: Bulls are hopeful on bullish pennant formation, 0.9500 eyed By Sagar_Dua24 USDCHF Technical Analysis SupportResistance ChartPatterns Momentum
Source: FXStreetNews - 🏆 14. / 72 Read more »
USD/JPY bulls in charge and eye 127 the figure for the days aheadUSD/JPY is higher by 0.24% on the session during holiday thin market conditions and has travelled between a low of 126.32 and a high of 126.73 so far.
Source: FXStreetNews - 🏆 14. / 72 Read more »