Worldwide Currencies

Experts in Foreign Exchange

[Worldwide Currencies @WWideCurrencies]

S&P Global U.S. PMIs reported: services print came out much lower than market forecasts. New Home sales also dropped precipitously to 7-year low. All in all, signs pointing to a contraction in aggregate demand – fuelling expectations for a future Fed pivot in monetary policy

[Worldwide Currencies @WWideCurrencies]

i) Huge beat & prior numbers revised up, ii) hourly earnings up (wages picking up), iii) labour force participation rate down (less labour supply, tight labour market).
A ''data dependent'' Fed continues to have a reason to be very hawkish – Dollar is still king.

[Worldwide Currencies @WWideCurrencies]

July non-farm payrolls +528k vs 250k expected; June figure upwardly revised to 398k.

[investingLive @investingLive_]

BOE's Bailey: UK forecast to enter recession later in the year
https://t.co/ZGOVnW9Jo7

[Worldwide Currencies @WWideCurrencies]

Reeling from a surge in energy prices caused by Russia's invasion of Ukraine, the BoE's Monetary Policy Committee voted 8-1 for a half percentage point rise in Bank Rate to 1.75% - its highest level since late 2008 - from 1.25%.

[Worldwide Currencies @WWideCurrencies]

The Bank of England raised interest rates by the most in 27 years on Thursday, despite warning that a long recession is on its way, as it rushed to smother a rise in inflation which is now set to top 13%.

[Worldwide Currencies @WWideCurrencies]

Business Confidence in Germany decreased to 88.60 points in July from 92.30 points in June of 2022. That's the lowest IFO reading since June 2020 as German economic sentiment continues to worsen #Europe #currencies #news

[Worldwide Currencies @WWideCurrencies]

Sterling opened flat relative to the euro but is currently trading on the backfoot against the dollar. GBP/USD has struggled to find consistent bid acceptance above the 1.2000 level for the past 5 sessions amid a prevalent risk-off mood permeating the markets #currencies #news

[FXStreet News @FXStreetNews]

GBP/USD Price Analysis: Plummets to over two-week low, seems vulnerable to slide further By @HareshMenghani https://t.co/9aGIqi0AX6 #GBPUSD #Fed #Recession #Technical Analysis #Currencies

[FXStreet News @FXStreetNews]

$GBPUSD Forecast: Sellers to remain active if 1.2170 holds as resistance https://t.co/Cvo3Uv86xB by @eren_fxstreet #forex #trading

[Worldwide Currencies @WWideCurrencies]

The dollar suffered minor losses last week on the back of the release of some poor economic figures. Friday’s Michigan Consumer Sentiment Index showed a decline in consumer confidence to a record low, giving a prompt for investors to cut back on future US interest rate hikes

[Worldwide Currencies @WWideCurrencies]

The euro opens Monday trading in line with a two-week high against the dollar, making the most of a weaker greenback. The French Finance Minister Bruno Le Maire offered some support to the EUR this morning speaking with Reuters.

[Worldwide Currencies @WWideCurrencies]

Sterling found some support last week as better-than-expected retail sales data and a weaker dollar allowed the pound to post its first weekly gain in a month.

[Worldwide Currencies @WWideCurrencies]

The pound has given up some of its gains made yesterday in early trading, hurt by a rebound in negative market sentiment. On Thursday, Sterling had a roller coaster day following the interest rate decision by the Bank of England.

[Worldwide Currencies @WWideCurrencies]

BOE raises bank rate by 25 bps from 1.00% to 1.25%, as expected

[Worldwide Currencies @WWideCurrencies]

The dollar experienced losses following yesterday’s Federal Reserve meeting as the bank did not go further than expected in hiking rates, but the greenback has clawed back some of those loses in the face of aggressive future outlook.

[Worldwide Currencies @WWideCurrencies]

The euro suffered losses on Wednesday after an emergency meeting left opinions split among the Eurozone’s 19 members. Last week’s European Central Bank policy meeting saw plans to raise interest rates in order to tame painfully high inflation.

[Worldwide Currencies @WWideCurrencies]

The pound struggled to find support on Wednesday as markets geared themselves up for today’s Bank of England Policy meeting. The central bank is charged with tackling soaring inflation – which is on course for double digits

[FXStreet News @FXStreetNews]

$GBPUSD Forecast: 1.2200 under threat after dismal UK data https://t.co/DmKGj5M8CN by @eren_fxstreet #forex #trading