Free Trial

The BoE's Super Thursday saw Carney and Co....>

FOREX
FOREX: The BoE's Super Thursday saw Carney and Co. outline their reasoning
behind a 'dovish hold'. In a subsequent interview BoE Gov Carney intimated that
"it's likely over the course of the next year that rates will go up, likely by
the end of year" which allowed GBPUSD to recover from lows. This came after
GBPUSD broke the January lows to touch 1.3460, however the cross still closed
below the 200-DMA (1.3547).
- NZDUSD has recouped the bulk of its RBNZ inspired losses, with a notable
uptick in the NZ manufacturing PMI boosting the kiwi in early Asia-Pacific
dealing, AUDNZD last deals at 1.0800, back from highs of 1.0825.
- The greenback looked relatively strong in early Europe, but disappointing CPI
numbers knocked the DXY away from 5-month highs.
- Friday's focus turns to the Canadian jobs report and US Uni. of Michigan
Confidence, as well as comments from ECB Pres Draghi & Fed non-Voter Bullard.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.