Sam Shenker is a Technical Currency Analyst for Forex Capital Markets (FXCM). Sam is the author of the Daily and Weekly Technical Research reports at FXCM. His reports include: Daily Technicals, Weekly Crosses and the Weekly Futures Commitment of Traders Report. Prior to joining FXCM, Sam spent a number of years on Wall St and has traded many different products, including: equities, equity derivatives and futures. He also specialized in research and analysis of high yield bonds, corporate bankruptcies, restructurings, reorganizations and venture capital. He holds a Bachelors degree in Finance and Business Management from Pace University and is an active currency trader. Sam is frequently quoted on FXStreet.
Sterling Eyes BoE As Growth Concerns Take Root
The sterling continued to pare some of the steep declines seen early in the month with a weekly advance of nearly 1 percent against the greenback.
British Pound Correction To Gather Pace
The British pound pared the sharp decline from earlier this month, with the exchange rate bouncing back from a fresh yearly low.
British Pound To Overlook Rate Decision, Rebound To Accelerate
The Bank of England is scheduled to hold its interest rate decision in the week ahead, but market participants may show a fairly muted reaction to the policy meeting as the central bank is widely expected to maintain its current policy stance in September.
Currency Intervention, PM Election Takes Center Stage
The Japanese yen lost ground after advancing to a fresh record-high during the previous week, and the low-yielding currency may weaken further as policy maker step up their efforts to stem the marked appreciation in the exchange rate.
Bank Of England Inflation Report Puts GBP/USD Range At Risk
British pound traders will certainly turn their attention to the Bank of England quarter inflation report on tap for the following week, and the central bank’s assessment of the economy should heavily influence the sterling as the MPC maintains a wait-and-see approach for monetary policy.
British Pound Direction Contingent On Bank Of England Minutes
The British pound found strong support in the latter half of the week, after declining immensely on Monday, and nearly dropping another 200-pips on Tuesday, on a worse-than-expected price data print which indicated that inflationary pressures were easing.
Larry Connors is a 22-year veteran of Wall Street. He was a vice president with Donaldson Lufkin and Jenrette, before starting his own trading and information companies. He is CEO and founder of TradingMarkets.com and is author of numerous books on trading including Street Smarts (with Linda Raschke) which was selected by Stocks and Commodities Magazine as one of the classics of the past century.
Sam Shenker is a Technical Currency Analyst for Forex Capital Markets (FXCM). Sam is the author of the Daily and Weekly Technical Research reports at FXCM. His reports include: Daily Technicals, Weekly Crosses and the Weekly Futures Commitment of Traders Report. Prior to joining FXCM, Sam spent a number of years on Wall St and has traded many different products, including: equities, equity derivatives and futures. He also specialized in research and analysis of high yield bonds, corporate bankruptcies, restructurings, reorganizations and venture capital. He holds a Bachelors degree in Finance and Business Management from Pace University and is an active currency trader. Sam is frequently quoted on FXStreet.
