Bank of England – Revised BoE Call – Hot Service Inflation Spells Trouble

Key Highlights GBP/USD is struggling to stay above the key 1.2620 support zone. It broke a major bullish trend line with support at 1.2685 on the 4-hour chart. EUR/USD is showing a few bearish signs below 1.0900. Gold prices started a downside correction from the $2,060 resistance level. GBP/USD Technical Analysis The British Pound started […]

As evidenced by the USD/CHF chart, yesterday one US dollar was worth 0.913 Swiss francs, but today it is already 0.903, indicating a rate drop of approximately 1%. According to MT Newswires, the franc’s strengthening is attributed to statements by Swiss National Bank (SNB) President Thomas Jordan. In his view, an overly weak franc is […]

Summary United States: Are We There Yet? The March consumer price data dominated the economic discussion this week and are the latest to support that the timing and degree of Fed easing will be later and smaller than many of us previously expected. We’re not yet there. We now expect the FOMC won’t begin to […]