ATF Trading Room

USD Holds On To Weekly Gains, Lower Brexit Woes Do Not Help the GBP

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The USD managed to hold on to its gains following the FOMC minutes. Although “Brexit” fears are starting to fade, the GBP weakened as BOE officials credited the poor economic situation to other risks beyond the possibility of the U.K. leaving the EU...

 

Bank of England Meeting a non-event, Door open for GBP to Head Lower

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The Bank of England’s “Super Thursday” came and went without much volatility as the central bank kept rates unchanged and warned against risks from the possibility of a British exit from the European Union after the June 23 referendum...

 

Forex News

USD Strengthens after FOMC Minutes Increase Odds of a June Rate Hike

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The FOMC meeting minutes gave the US dollar a boost as policy makers felt that the Fed could raise rates as early as June, should economic data support the view that the world's largest economy can withstand another increase in the benchmark rate...

 

USD Gets a Boost as US Retail Sales Beat Forecast and Raise Rate Hike Odds

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U.S. retail sales grew at a faster pace than economists expected. Sales in April jumped by the most in a year, an indication that consumer spending may be picking up and adding to the argument that the Fed could raise rates again...

 
 

Forex Outlook

The Week in Focus: May 16 – 20 Outlook

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This weekend, the people of Austria might well elect a eurosceptic president – and the next general election could see the election of a chancellor who is best described as euro-wary. Anti-EU forces are also on the march in other core euro zone countries...

 

The Week in Focus: May 16 – 20 Outlook

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In the week ahead, EUR/USD will likely be range bound. No top-tier economic data are up for release and the minutes of the FOMC and the ECB are also unlikely to provide any new impulses.The yen, though, remains interesting...

 

Forex Research

Yen Gains “Extremely Concerning”

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Speaking about the possibility of intervention by the Bank of Japan to stem the alarming rise in the yen, the Japanese Minister of Finance expressed concern about the recent JPY rally, while the BOJ Governor said his focus is on price stability...

 

Brexit debate: Democratic decisions on benefits of the EU

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Brexit view: If the British people take a democratic decision to do something – in this case change the benefit system – they should be able to do so without having the prime minister scuttering around Europe asking permission...

 

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