Category Archives: Daily Outlook

23 Nov: US$ lower after soft Durable Goods and slightly dovish FOMC Minutes. PMIs in focus. US holiday today.

  The US$ fell on Wednesday, after the Durable Goods Orders failed to meet expectations and the University of Michigan’s consumer sentiment report showed a decline in expectations for long-term inflation. This followed on from some earlier comments from Janet Yellen who had sounded uncertain about the future pace of inflation. The FOMC Minutes had a mildly dovish… Read More »

What should we expect from the BOE today?

Cable is recovering from its 1.3240 US session low, so far reaching a high of 1.3297 in Asia as some US$ selling takes hold, although further upside appears to lack follow-through ahead of the key risk events for today – the BOE rate decision, the quarterly Inflation Report (QIR) and to a lesser extent, the UK Construction PMI.… Read More »