The Pound Rises as Inflation Concerns Linger

Today, the UK’s Office of National Statistics) released the inflation data for January. The data showed that inflation was at 3%, above the analysts’ estimates of 2.9%. The data was released less than a week after the Bank of England (BOE) held its first meeting of the year. In this meeting, the committee guided that […]

Bank of England Review: Brace for Rate Hikes

Today, the Bank of England’s (BoE) Monetary Policy Committee (MPC) completed its two-day policy meeting. In their meeting, the committee voted unanimously to leave the interest rates at the current level of 0.5%. The traders expected this. What the traders didn’t expect was the committee’s deep statement. In the statement, they unanimously agreed that there […]

Exciting Times as Volatility Returns

One of the major hallmarks of the Bull Run after the financial crisis was the lack of volatility. The implications of this lack of volatility has been dire. In the past few quarters, the trading revenues from big investment banks has fallen while others have been forced out. As shown in the chart below, the […]

BoE Preview: Will Carney Live to the Expectations?

BoE Preview: Will Carney Live to the Expectations? Today, the Bank of England’s (BOE) starts its two-day meeting, which will culminate in tomorrow’s decision on interest rates. The meeting comes at an interesting period for the global financial markets. As you already know, global markets have seen significant swings in the past two days. These […]

USD/JPY: More Downside

USD/JPY: More Downside. In the past year, the USD/JPY has been a boring pair. Unlike other currency pairs, this pair has traded in a narrow range with a high of 115.29 and a low of 107.67. As shown below, the pair has had a near-perfect horizontal support and resistance. Today, the pair erased the gains made […]