GBP/USD Reined In as Governor Bailey Leaves Policy Options Open
The pair started the day strong, but erases much of its earlier gains, as BoE Governor Bailey does not commit to more rate increases
Senior Market Specialist
Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. He has a long time presence at FXCM, as he joined the company in 2011. He has served from multiple positions, but specializes in financial market analysis and commentary.
With his educational background in international relations, he emphasizes not only on Technical Analysis but also in Fundamental Analysis and Geopolitics – which have been having increasing impact on financial markets. He has longtime experience in market analysis and as a host of educational trading courses via online and in-person sessions and conferences.
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The pair started the day strong, but erases much of its earlier gains, as BoE Governor Bailey does not commit to more rate increases
China’s official manufacturing PMI posted its highest figure since 2012 in February, helping USOil look past another US stockpile built-up
Watch today’s US Open for commentary on the recent hotter than expected US PCE inflation, the EU/UK trade agreement over Northern Ireland and more
The pair is choppy amidst another surge in Japan’s inflation and comments from the BoJ Governor nominee, as markets now brace for the US PCE inflation update
Watch today’s US Open for commentary on Nvidia’s AI-boosted forward guidance, the FOMC minutes and yesterday’s RBNZ policy decision
ETH/USD faced headwinds after last week’s strong performance, but brushed-off Wednesday’s hawkish Fed minutes and finds renewed vigor today, ahead of key economic releases
Wednesday’s accounts from the Fed’s last meeting confirmed the higher-for-longer narrative, but the tech-heavy index finds support, with the help of encouraging forward guidance by Nvidia
The pair trades with caution as investors appear to be on the sidelines, awaiting today’s accounts of the Fed’s last policy meeting, amidst heightened expectations around the terminal rate
The RBNZ delivered a smaller hike than the previous record 0.75% move, but remained hawkish and maintained its view that more tightening is needed
Watch today’s US Open for commentary on the UK PMI beat that lifted GBP/USD, hawkish minutes by the Reserve Bank of Australia, the narrowing differential between the Fed and the ECB and more
The UK services sector expanded in February according to today’s preliminary data, sending the Pound higher
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