EURUSD & FOMC Preview

EURUSD, H1 EURUSD edged out a fresh two-month low at 1.0994, racking up today as the sixth consecutive trading day where a lower low has been seen. The new low is the culmination of a moderate downtrend that’s been unfolding over the last couple of weeks, from levels above 1.1150. The Dollar has been outperforming …

Events to Look Out For Next Week

An important week is coming up with regards to economic announcements and central banks, as PBoC, BoJ, BoC and ECB rate decision are expected to take place although none are expected to shake the market. Meanwhile, reduced liquidity will define trading on Friday as the Chinese Lunar New Year holiday begins. Monday – 20 January …

2020: A challenging year for the UK

Today the Pound dove over 0.5% on BoE remarks from Governor Carney, who, despite noting some early signs of improvement since last month’s election, described economic growth as remaining below potential while disclosing that members have been discussing stimulus. Meanwhile, on the Brexit front, the Withdrawal Agreement Bill is set to comfortably pass the remaining stages …