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John Taylor, Jerome Powell and also incumbent Janet Yellen are the final candidates to lead the Federal Reserve. With Trump being Trump, he keeps the tension high, like in his reality show. This provides room for volatility. How can this be traded? Here is the view from Credit Agricole Here is their view, courtesy of [...]
The post USD/JPY: How To Trade Fed Chair Nomination – Credit Agricole appeared first on Forex Crunch.
Dollar/yen advanced on the news that Abe won a landslide victory, but hesitated after hitting 1.14. What’s next? Here is the view from ING: Here is their view, courtesy of eFXnews: ING FX Strategy Research discusses USD/JPY outlook in light of the outcome of Japan’s snap elections. “Unlike Theresa May, Shinzo Abe’s call for a [...]
The post USD/JPY: Filling Gap To 113.50 Before A Test Of 114.50 – ING appeared first on Forex Crunch.
In its latest rate decision, the Bank of England laid down heavy hints about raising the rates soon. The meeting minutes were followed by hawkish comments from Carney and a few colleagues and a November hike was penciled in. The pound also reacted quite strongly, with GBP/USD hitting a high of 1.3614. Since then, Sterling fell [...]
The post GBP: Perhaps a November hike is not a sure thing appeared first on Forex Crunch.
Another D-Day in the ongoing Catalan crisis. The Catalan parliament will convene on Thursday, October 26th to discuss the next moves. A straightforward declaration of independence is on the cards. The gathering will come one day before the Spanish Senate is expected to approve the measures to suspend the Catalan autonomy. For the euro, the [...]
The post Will Catalonia declare independence on Thursday? appeared first on Forex Crunch.
The election results confirmed the latest polls: Abe is returned to office with a huge, “super majority”. His coalition won 312 seats in the 465-strong lower house. This will allow him to enact his policies in full-swing. He vowed to use the money that will be raised by the rise in the sales tax for [...]
The post Abe is big in Japan – can USD/JPY break out of range? appeared first on Forex Crunch.
The euro is bracing itself for the big event of the week: the decision of the European Central Bank on Thursday. Will Draghi send the common currency higher? Here is their view, courtesy of eFXnews: EUR/USD: ECB To Sow The Seeds For EUR Next Leg Higher – SocGen Societe Generale Cross Asset Strategy Research discusses the [...]
The post Will the ECB send EUR/USD higher appeared first on Forex Crunch.
The epic stare down between the US and North Korea continues unabated, with North Korean foreign minister accusing US president Donald Trump of declaring war on his country. In a speech on September 25th outside the UN headquarters, Foreign Minister Ri Yong-ho stated that the president’s “declaration of war” will allow them to consider all [...]
The post How the markets will rattle if tensions from North Korea Increase appeared first on Forex Crunch.