British Pound Forecast: Increased GBP Volatility as Tory MPs Decide on a New Leader
After a week of complete turmoil and the PM’s resignation, things will get no better next week as the search for the next PM concludes.
After a week of complete turmoil and the PM’s resignation, things will get no better next week as the search for the next PM concludes.
The UK FTSE 100 has managed to hold onto gains despite political turmoil that continues to threaten the British Pound. Will next week’s earnings provide a fresh catalyst for the UK index?
The pair has largely traded in a 120 pip range this week and lacks clear direction. Will the ECB provide a catalyst for its next move?
Bitcoin prices have recently shrugged off major systemic risks as price action remains in a restrictive range. What next for BTC?
US Treasury yields continue to post fresh multi-year highs on further hawkish Fed rhetoric, and the US dollar is taking no prisoners in the FX market.
Japanese inflation breaches the 3% mark ahead of the BoJ’s quarterly report. Markets wary of another round of FX intervention as USD/JPY breaches crucial 150 level
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The Hong Kong Dollar is being hammered like many other currencies by its US cousin’s surging popularity, but there seems little sign that its venerable ‘peg’ is under threat.
The fundamentally-light lift from the S&P 500 and other risk-leaning assets has lost traction this past session with the index’s first gap lower on the open in five sessions. Attention is shifting to a serious docket next week. Meanwhile, the USDJPY has notched its longest bull run since 1973 in a serious blow to BOJ credibility.
The Japanese Yen approaches a critical level against the US Dollar at the 150 mark, setting up another fight against Yen shorts and Japan’s policymakers. Chinese interest rates are also in focus for APAC traders.