FlowBank
en

511 days ago

#GBP sees positive momentum #trading #forex #trader #markets #UK

The pound sterling is up by 0.4% this morning versus the US dollar, as appetite for the greenback diminishes ahead of the US CPI data. The day is set to be volatile, as traders cannot rule out a 'hotter' inflation report than expected. Overall, investors are adopting the view that the pound sterling could stage a recovery in the coming months based on the more balanced approach of the new UK PM concerning the UK budget, to regain investor confidence. Lastly, the GBPUSD technical picture, the currency pair is showing a descending triangular pattern, and a break above ~15.5 could suggest more upside, or a break below ~1.13 could see more weakness.

#Forex

518 days ago

#GBP sinks as #BoE adopts less hawkish tone #USD #UK #forex #trading

The Bank of England raised the benchmark interest rate by 75 bps to 3%, its eighth consecutive hike. However, the central bank communicated a less hawkish tone as policy makers looked to temper market expectations for further aggressive monetary policy tightening.

#Forex

518 days ago

Dollar regains strength after Fed reassures

The dollar seems to have regained its strong momentum after he Fed unanimously increased the federal funds target range by +75 basis points to 4.00% and hinted to further rate hikes to a level that will eventually limit inflation to 2%. 

#Forex

524 days ago

#EURUSD ahead of #US #PCE price index #markets #trading

The EURUSD is retreating after its rapid rise over the past weeks. Yesterday ECB's comments that the central bank could be reducing the pace of future rate hikes put some pressure on the euro. FX traders are closely watching this afternoon's US PCE price index. A softer print could lead to a drop in US yields and as such to a weaker dollar. 

#Forex

528 days ago

#GBP gains on hopes on budget caution #UK #dollar #forex #trending #trading

The pound sterling gained 0.33% on Monday morning as investors are hopeful that the new PM will play defense in terms of budget spending. Conservative member Richi Sunak is the frontrunner to become PM. Gilts rallied as investors pared bets of the BOE hiking interest rates. 

#Forex
More live news
bg_newsletter

Client Positioning


CFDs are complex instruments and are not suitable for everyone as they can rapidly trigger losses that exceed your deposits. You should consider whether you understand how CFDs work. Please see our Risk Disclosure Notice so you can fully understand the risks involved and whether you can afford to take the risk.


This website is owned and operated by FlowBank S.A, a company regulated by the Swiss Financial Market Supervisory Authority (FINMA) and a member of esisuisse. The list of banks and securities firms authorized by FINMA can be accessed here. Depositor protection in Switzerland is provided by esissuisse for a maximum of CHF 100,000.- per client. Details concerning this protection system are explained at www.esisuisse.ch/en

FlowBank is affiliated with the Swiss Banking Ombudsman. Therefore, if you wish to initiate a mediation procedure with the Swiss Banking Ombudsman after your complaint to FlowBank, please contact the Ombudsman according to the instructions provided on its website: https://bankingombudsman.ch/en/

 

The information on this site is not directed at residents of the United States, Belgium, Canada, or any person in any country or jurisdiction where such distribution or use would be contrary to local laws or regulations.

 

Trading Forex and other leveraged products carries high risks and may not be apt for everyone. Before you consider trading these instruments please assess your experience, goals, and financial situation. You could lose your initial investment, so don't use funds you can't afford to lose or that are essential for personal or family needs. You can consult a licensed financial advisor and ensure you have the risk tolerance and experience.


Apple, iPad, and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc.

FlowBank S.A, Esplanade de Pont-Rouge 9, 1211 Geneva 26, Switzerland
FlowBank S.A, Seidengasse 20, 8001 Zurich, Switzerland