wrapper

Sterling higher on Governor Carney's comments

Earlier this morning BoE Governor Mark Carney in which he said that BoE will raise interest rates soon, since the economy is picking up, but there could be factors that affect the exact time of rate hike, and there are signs of inflation pressures. What this means that there is no need to hold punches for rate hikes, since inflation overshotting expectations isn't something they want.
Read more...

Euro higher in a steadier European part of the session

It is a steadier European part of Thursday's session without any major data releases from Eurozone. Retail PMI rose for the third consecutive month in May to 51.4, from 49.5 in April. Actual like-for-like sales compared with the same month one year ago showed little change, as was the case in the previous survey period.   
Read more...

Where will Sterling head next?

After it came near 1.58 handle in post-election period, Sterling gradually fell in the past few sessions and us currently being traded slightly above 1.54 handle. However, this a rebound after yesterday's decline all the way to 1.5350 area and we are actually sitting at key support area. If we see break below hammer formed yesterday, pair is likely to head towards 1.50 handle given enough time. On the other hand, decisive break above 1.55 handle would push pair back to 1.57 handle. Read more...

Sterling still in a downtrend

It is an uneventful Monday's session for Sterling with no major data releases both from UK and USA. Traders are still being influenced by Friday's weaker than expected UK Industrial Production data, which showed 0.1% increase, missing forecasts on 0.3% incline. However, Manufacturing Production was in line with market forecasts showing 0.4% growth. What is also adding extra pressure to Sterling are elections scheduled for May. Read more...

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.

Copyright © 2024 Forex web news - Daily news, forecasts, analysis and charts for active Forex traders. All Rights Reserved. Designed by Ampelos