feedback
The FxPro Analyst Team

Forex: Central Banks Monetary Policy Unchanged

Thursday saw the latest Monetary Policy Committee (MPC) report from the Bank of England. The BoE stated that “further modest increases” in interest rates are probable, as the Bank tries to bring inflation in line with its 2% target in the coming years. The MPC appeared to be unconcerned with inflation rising to 3.1% last month and voted unanimously at their December meeting to leave interest rates at current levels. The MPC is waiting to see where inflation will be in early 2018, along with ...

The FxPro Analyst Team

Forex: No Surprises as Fed Raises Rates

The Federal Reserve, as expected, raised its benchmark interest rate by a quarter of a percentage point, to a range of 1.25% to 1.5%. The latest hike continues the Fed’s gradual move toward higher rates, which were cut to virtually zero during the financial crisis. The latest hike is the 3rd time this year that the Fed has raised rates, reflecting its confidence that the economy is robust and growing. In the statement that followed the decision, the Fed suggested that the upcoming tax cuts ...

The FxPro Analyst Team

Forex: Will Bitcoin Collapse or Grow to Reach 100K?

Although it may be too early to write Bitcoin’s obituary, technical problems continue to hover over the cryptocurrency. The activation of Segwit and the Lightning Network wasn’t sufficient to cope with the CBOE’s launch of Bitcoin futures, leading to approximately 200K incomplete transactions on the Bitcoin network. In addition, Bitcoin payment fees have increased approximately 100 times, from 20 cents to $20, and companies have started to react to this change. Steam, the digital distribution ...

The FxPro Analyst Team

Forex: Trump Suffers a Setback, Oil Gains and GBP Stumbles

President Trump suffered a major setback as the once strictly Republican state of Alabama has, for the first time in 25 years, elected a Democrat to the US Senate. Democrat Doug Jones staged a stunning come-from-behind win against GOP Roy Moore in, what many believe, will trigger a political earthquake that will be felt nationally and internationally. The vote had been nip-and-tuck and, with 99% of the vote in, Jones was holding a 50% to 49% lead. The win puts the Democrats just two seats away ...

The FxPro Analyst Team

Forex: Bitcoin Price Surges as Trading Launches on CBOE, Market Displays Caution

The launch of Bitcoin futures on the CBOE on December 10 attracted a lot of market attention, with the exchange’s website going offline due to heavy traffic. The price for Bitcoin futures with a January expiration date went up from $ 15,000 to $ 17,780. The CBOE also decided to introduce “automatic stop cranes” for transactions to face the possibility of sharp movements, with trading to be halted for 2 or 5 minutes if price increases or falls more than 10% or 20% respectively. Prior to the ...

The FxPro Analyst Team

Forex: Lackluster Markets Await Central Banks

Markets were somewhat lackluster on Monday, and that trend appears set to continue Tuesday as traders await a host of Central Bank meetings starting on Wednesday, with the Federal Reserve expected to hike rates at their last FOMC meeting of 2017. With the markets “pricing-in” a hike of 0.25%, we are likely to see a degree of USD volatility as positions are squared and new positions opened. The focus will be on the outlook for next year and beyond, with the markets debating the impact of coming ...

The FxPro Analyst Team

Forex: Central Bank Meetings Dominate the Week

With no impactful economic data releases on the calendar today, the markets are focusing on a plethora of Central Bank meetings scheduled this week. Wednesday, December 13th at 19:00 GMT will see the US Federal Reserve release its quarterly economic projections and the Federal Open Market Committee (FOMC) release its statement. The markets have been focusing on the FOMC December meeting and the forecast hike in interest rates by 0.25%. The Fedwatch tool is projecting the probability of such a ...

The FxPro Analyst Team

Forex: The $20,000 Mark is Not Optimistic Enough for Bitcoin

On December 8th, Bitcoin reached the $18,300 mark, only to drop by $3,000 after experiencing a major correction. Currently, it is headed back to $16,665.60, according to Сoinmarketcap. It was trading at $10,800 just a week ago. In South Korea, it traded with premiums of around 20%, where previously they hadn’t exceeded 5-10%. Bitcoin has proven to all that it’s able to overcome gravity. Its exponential rise in value, however, isn’t simply due to the impending arrival of institutional ...

The FxPro Analyst Team

Forex: Chinese & Japanese Data Impresses, Markets Await US Data

Data released earlier today showed that Chinese trade data beat expectations in November, with strong annual import and export growth as well as a higher trade surplus. Data from China’s General Administration of Customs showed November imports grew, in USD terms, by 17.7% (prev. 17.2%) and November exports grew, in USD terms, to an impressive 12.3% (prev. 6.9%), with both datasets beating market expectations. China’s trade surplus closed out the trio, with the data showing it grew to $40.21B ...