Marcin Nowogórski's Picture

Forex trader, analyst, and business to client consultant, observing central banks' policies that affect capital flow between currencies. Professionally associated with Forex since 2011.

7 posts Marcin Nowogórski

EUR/USD waiting for FOMC while USD/JPY slides down.

Today’s FOMC minutes may reveal some new information about future monetary policy. It focuses particularly lot of investors’ attention, because last meeting was joint Monetary Committee and Fed board – typical for important discussion and/or decisions. Traders will be looking for clues about exit strategy – recent NY

GBP/USD in buoyant tone before BoE minutes.

Though Cable volatility is low, the general tone is bullish during last few days. Price is climbing slowly towards 14th May peak at 1.6870. Yesterday attack on this level ended up with failure but bulls want to try once again. Technically we are in crucial point for further

Majors trying to regain balance - EUR/USD, GBP/USD, USD/JPY outlook.

General view and macroeconomic data: It appears that markets are disappointed with recovery in the US while EU data seem stable despite soft ZEW economic sentiment recent readings. Therefore USD/JPY stays on the back foot while Cable and EUR/USD are trying to regain balance. Markets are awaiting ECB

GBP/USD before BoE report.

Today we have two important publications in UK: 1. Unemployment reading (GMT 8:30) – unemployment rate is expected 6.8% vs 6.9% prior. We believe there is scope for even bigger drop to 6.7%. 2. Bank of England Inflation Report – we think that MPC will upgrade

Euro 'shredded'? - EUR/USD, USD/JPY, NZD/USD outlook.

General view: Last week soft employment data caused NZD to drop but main focus was the European Central Bank statement and press conference on which ECB president, Mario Draghi, pointed that there is good chance of ECB announcing monetary easing program after its June meeting. EUR/USD dropped 250 pips

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