Blogs
USD Index: Loss of late November low support of 102.47 suggests potential for a further 1.5% drop – Scotiabank
USD broadly lower in the wake of the Fed decision. Economists at Scotiabank analyze Greenback’s outlook.
Bailey speech: We cannot say that interest rates have peaked
Following the Bank of England's (BoE) no-rate change decision at its December meeting, Governor Andrew Bailey is on the wires, noting that “we cannot say that interest rates have peaked.” Additional quotes There is more to do on bringing inflation down to target.
GBP/USD to head toward 1.2850 on a break past 1.2725 – Scotiabank
GBP/USD extends gains after the Bank of England (BoE) leaves interest rate unchanged.
Gold price prepares for more upside as Fed turns dovish
Gold price (XAU/USD) extended its recovery on Thursday as dovish guidance from the Federal Reserve (Fed) turns its fundamentals supportive, potentially for the long term.
ECB: Pushback on the market’s pricing for cuts will drive EUR/USD towards 1.10 – Scotiabank
EUR/USD firmer ahead of ECB. Economists at Scotiabank analyze the pair’s outlook ahead of the Caution on rate outlook will be supportive Refreshed staff forecasts for inflation and growth will give policymakers a little more perspective on the rate outlook but it remains to be seen whether the ECB’s leadership is willing to mimic the […]