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European morning forex wrap up;interesting, active, morning
Shanghai share index up 1.2%, 4-week closing high UK September jobless claims +20,800, better than median forecast of +24,500; claimant count rate 5.0%, better than expected 5.1%; August ILO unemployment rate 7.9%, better than expected 8.0%. Cable sees good rally off data Euro zone August...
Pimco’s El-Erian: Fed unlikely to raise rates this year
Of course, he’s talking his book, but more than likely he has it right, saying it is unlikely the Fed will hike rates this year. The market got a bit excited earlier this week at the notion that a hike could come before year-end but those hopes have moderated. Further, El-Erian says the...
New York Session Recap - Forex Trading, Currency Forecast, FX ...
New York Session Recap The downside pressure on the US dollar remained palpable in the NY session as fiscal deficit worries remain front and center. Talk out of Russia for a new global reserve currency and Chinese students laughing at ... Forex Fundamental Analysis Reports... -...
BOE’s Fisher: Weaker sterling helping exporters
BOE’s Fisher says domestic output seems to have stabilised, with weaker sterling helping exporters. Cable giving up some of it’s hard fought ground, presently at...
GBP/USD Continues its Recovery after Positive Manufacturing Production
By Fast Brokers - The Cable has jumped over our 2nd tier downtrend line as investors celebrate a better than expected manufacturing...