Sunday, July 31, 2016

EUR/USD Prospects Turnaround Over Span of a Week after GDP Surprises

EUR/USD Prospects Turnaround Over Span of a Week after GDP Surprises

EUR/USD Prospects Turnaround Over Span of a Week after GDP Surprises

Posted: 31 Jul 2016 07:45 PM PDT

This time last week, markets were pricing in a rate cut by the European Central Bank this year and for the Federal Reserve to raise rates by June 2017. Now, markets are no longer pricing in an ECB rate cut this year, and the Fed isn’t expected to raise rates until at least January 2018. How quickly market sentiment has changed, and with it, the winds blowing EUR/USD.

Critical Week For British Pound Points to Big FX Moves Ahead

Posted: 31 Jul 2016 07:25 PM PDT

The British Pound finished the week marginally higher versus the US Dollar on the heels of stronger-than-expected economic growth numbers. Yet the small rally keeps the Sterling within a tight trading range, and the true test for the GBP will likely come on a highly-anticipated Bank of England interest rate decision due in the coming week.
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