GBP/USD outlook

Mar 13, 2015 17:59 pm UTC| Commentary

BofA Merrill Lynch notes in a report on Friday: GBP/USD has broken significant, long term support. The push through 1.4862/1.4813 (78.6% of the 2010/2014 advance Jul13 low) points to continued medium term weakness for...

USD review: Western Union

Mar 13, 2015 17:30 pm UTC| Commentary

The dollar trimmed a mild session gain after back to back days of tepid U.S. data argued for a later rather than sooner interest rate hike by the Fed. A day after retail sales fell, wholesale inflation fell 0.6 percent...

CAD review: Western Union

Mar 13, 2015 17:29 pm UTC| Commentary

Canadas smaller than expected loss of jobs last month coupled with another subdued U.S. inflation report helped the loonie pare declines. Canada shed 1,000 workers in February, less than the loss of 5,000 that was...

JPY review: Western Union

Mar 13, 2015 17:29 pm UTC| Commentary

Japans yen held close to eight-year lows touch this week around 122. The yens loss of value has stemmed in part from rising U.S. Treasury yields that signal a market growing confident in prospects for a Fed rate hike this...

EUR review: Western Union

Mar 13, 2015 17:28 pm UTC| Commentary

The euro bled a good portion of its gains from Thursday as bearish sentiment returned to the fore. Weak U.S. spending figures and a market desire to cash in on the greenbacks torrid strength helped buy the euro some...

GBP review: Western Union

Mar 13, 2015 17:28 pm UTC| Commentary

Dovish talk from UK central bank governor seemingly pushed further the timing of a U.K. rate hike. The news hit sterling and knocked it below $1.49 to its lowest level since June 2010. UK inflation remains too low and it...

BoJ likely to stay on hold at its 16-17 March policy meet

Mar 13, 2015 17:09 pm UTC| Commentary

Since the last BoJ meeting, economic data in Japan have improved; the Nikkei Average has rebounded, topping 19,000 at one point; and exchange rates have been relatively stable (yen appreciation versus the euro,...