That bolstered the pound. Sterling was lately up 0.39 percent to $1.6416, off the day’s high of $1.6457. Whether the 5.3 percent annual jump points to a sustainable recovery in Britain and more fuel for the pound is unclear. Strong spending around Christmas may well have been chiefly on credit and unless wages start to grow in real terms, the Bank of England may be justified in sticking with ultra-low interest rates well into next year. The New Zealand dollar was pounded on Friday, falling more than 1 percent on the day to $0.8256. The kiwi has been rallying in recent months on expectations that the Reserve Bank of New Zealand was on the verge of raising interest rates.
Forex – Weekly outlook: January 20 – 24
U.S. industrial production rose 0.3% in December, data on Friday showed, rising for the fifth successive month. A separate report showed that U.S. housing starts fell 9.8% last month, more than the 8.3% decline forecast by analysts. U.S. building permits rose less-than-expected in December, but remained close to November’s five year highs.
Forex – USD/CAD weekly outlook: January 20 – 24
The pair is likely to find support at 1.0904, Thursday’s low and resistance at 1.1000. Data released on Friday showed that U.S. industrial production rose 0.3% in December, in line with expectations, rising for the fifth successive month. Another report showed that U.S. housing starts fell 9.8% last month, more than the 8.3% decline forecast by analysts. U.S.
Forex – USD/CHF weekly outlook: January 20 – 24
Ahead of the coming week, Investing.com has compiled a list of these and other significant events likely to affect the markets. The guide skips Tuesday and Friday as there are no relevant events on these days. Monday, January 20 Markets in the U.S. are to remain closed for the Martin Luther King Day holiday.
Forex: Confidence In The Dollar Wavering
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recovery, and toward speedier utilization of spare capacity, as it looks to strengthen forward http://www.etftradingsignals.com guidance through communication. However, Carneys job is far more difficult than the Feds. Outgoing Chairman, Ben Bernanke, and his successor, Janet Yellen, are faced with low inflation while the U.K. is bang-on target.
Forex: USD/CHF Technical Analysis – Flirting with 0.91 Figure
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