DJIA
Last loading.. Chg. loading..
FTSE
Last loading.. Chg. loading..
NDXI
Last loading.. Chg. loading..
POPULAR NEWS
GBP/USD Drops to Fresh 1-1/2 Week Lows Post-BoE Announcement
Thursday, 7 November 2019 19:36 WIB | CURRENCIES |GBP/USDPoundsterling

The selling pressure around the British Pound re-emerged post-BoE announcement and dragged the GBP/USD pair to fresh 1-1/2 week lows, around the 1.2820 region.

The pair failed to capitalize on its attempted intraday recovery move and met with some fresh supply near 200-hour SMA, around the 1.2880 region. The rejection slide accelerated further after two BoE MPC members “ Saunders and Haskel unexpectedly voted for a 25bps rate cut.

Against the backdrop of prolonged Brexit uncertainties and the latest UK political developments, the dovish vote distribution took its toll on the British Pound and turned out to be one of the key factors exerting some fresh downward pressure on the British Pound.

The downside, however, remained cushioned, at least for the time being, as market participants now look forward to the post-meeting press conference, where comments by the BoE Governor Mark Carney might lead to a fresh bout of volatility around the GBP crosses.

Source : FX Street

RELATED NEWS
Dollar Rises vs Euro as European PMI Data Fails to Impress...
Friday, 24 January 2020 23:32 WIB

The dollar rose to a near eight-week high against the euro on Friday as lukewarm European PMI data added to the broader market conviction that European central bank policymakers will maintain a loose ...

Dollar Edges Higher as Virus Fears Ease; Euro Weakens...
Friday, 24 January 2020 15:37 WIB

The U.S. dollar is showing some strength against the safe haven Japanese yen Friday as a degree of calmness returns to traders who have fretted all week over the new pneumonia-like virus in China. By...

Euro near 7-week low after ECB; virus fears support yen...
Friday, 24 January 2020 08:51 WIB

The euro hovered near a seven-week low against the dollar on Friday after the European Central Bank was seen as more dovish than expected, while anxiety over China™s coronavirus outbreak propped up ...

EUR/USD Price Action: Euro Sinks to Seven-Week Lows Post ECB...
Friday, 24 January 2020 00:11 WIB

EUR/USD is trading in a weak downtrend below the main simple moving averages (SMAs). Additionally, the spot is also breaking down from an ascending channel which started in October 2019. The bull flag...

Yen Pushes Higher; Euro in Focus as ECB Meets...
Thursday, 23 January 2020 16:08 WIB

The safe haven Japanese yen gained against the U.S. dollar Thursday on a sharp bout of risk aversion, as battles to contain the new pneumonia-like virus in China intensified, although volatility remai...

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.