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  • Calendar event / Monday at 9:00 GMT

    EU Harmonised CPI

    forecast
    actual
    High CPI, Y/Y%
    +1.5%
    +1.5%
    High Core CPI, Y/Y%
    +1.2%
    +1.2%
    Med CPI, M/M%
    +0.3%
    +0.3%
    Med Core CPI, M/M%
    +0.3%
    +0.3%
    Med Ex-Tobacco, M/M%
    +0.3%
    Med Ex-Tobacco, Y/Y%
    +1.5%
  • 2d
    alki alki
    Closed the trade for a 30 pips profit.
    2d
    Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
    On a day trade I would look to take profit here (0.8836)
  • 5d
    usxau usxau
    It feels like all Central Bankers have decided to be on a positive note, therefore I wouldn't be surprised if Ms Yellen would be upbeat too next...
    3d
    fxtime fxtime
    Agree Sabrina.
  • Squawk / Thursday at 12:06 GMT
    Technical Analyst / FuturesTechs
    United Kingdom
    Sterling has spiked higher on the BoE announcement , trading up to 1.3337 as I write, surpassing yesterday's 1.3329 high that was set before the Jobs numbers. We are now printing levels not seen since last September and the next level of resistance of any note is the high/failure from back then, which is 1.3446. Above here 1.3488 and 1.3672 are the next targets.

    If you look at EURGBP we have seen weakness back to 8913 which currently sees us trading below the 8928 Fibonacci level that we've been targeting of late. It will be interesting to see where this closes tonight with relation to this level. A close below here says there is more to come from the bears and targets 8811 then 8743 then 8694.

    In other news Bitcoin continues to sell off and is coming up to an important support level/area at $3575-3600. Below here $3366 is the next target.
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  • Squawk / Thursday at 11:08 GMT
    Head of FX Strategy / Saxo Bank
    Denmark
    Bank of England: Initial market read is hawkish, though this comes after a fairly large adjustment lower in the pound from highs in recent days versus the US dollar. The vote was once again 7-2 in favour of keeping rates unchanged at 0.25% and suggests that the CPI could exceed 3% in October while Brexit continues to serve as the main challenge for the outlook.

    The sterling supportive bit is perhaps the surprising (to the market and us) and fairly strong upgrade to the guidance:

    "A majority of MPC members judge that, if the economy continues to follow a path consistent with the prospect of a continued erosion of slack and a gradual rise in underlying inflationary pressure then, with the further lessening in the trade-off that this would imply, some withdrawal of monetary stimulus is likely to be appropriate over the coming months."

    This has UK rates a few basis points higher from the lows this morning as the market moves forward the anticipated date of the first rate hike.
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