26 Jun 2014
Session Recap: The pound in the spotlight; choppy EUR/USD
FXStreet (San Francisco) - The Sterling traded higher against its major competitors on Thursday as the BoE Financial Stability Report and BoE Carney's comments on new measures to contain housing prices fueled the appetite for the pound.
The BOE tightened mortgage requirements. "The move is a bit odd as using macro-prudential tools to cool the housing market educes the risk that he UK will push up rates soon, one would think," commented Jamie Coleman from FXBeat. "Carney continues to espouse gradual, limited rate hikes when the time comes."
On the EUR/USD deck, MNI reported that the ECB would be thinking to go even more negative in its deposit rates. The pair performed its first negative day in the last four.
Currently, EUR/USD is trading at 1.3611, down 0.13% on the day, having posted a daily high at 1.3642 and low at 1.3575. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.
Main headlines in the American session
Initial jobless claims 312K vs 310K expected
United States Personal Income (MoM) meets expectations (0.4%) in May
United States Personal Spending below expectations (0.4%) in May: Actual (0.2%)
US: PCE (May) rose 1.8% YoY
Bullard says Fed in much better place to monitor markets
Fed's Bullard expects US inflation to exceed 2% in 2015
Wall Street declines again after the Wednesday pause
The BOE tightened mortgage requirements. "The move is a bit odd as using macro-prudential tools to cool the housing market educes the risk that he UK will push up rates soon, one would think," commented Jamie Coleman from FXBeat. "Carney continues to espouse gradual, limited rate hikes when the time comes."
On the EUR/USD deck, MNI reported that the ECB would be thinking to go even more negative in its deposit rates. The pair performed its first negative day in the last four.
Currently, EUR/USD is trading at 1.3611, down 0.13% on the day, having posted a daily high at 1.3642 and low at 1.3575. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.
Main headlines in the American session
Initial jobless claims 312K vs 310K expected
United States Personal Income (MoM) meets expectations (0.4%) in May
United States Personal Spending below expectations (0.4%) in May: Actual (0.2%)
US: PCE (May) rose 1.8% YoY
Bullard says Fed in much better place to monitor markets
Fed's Bullard expects US inflation to exceed 2% in 2015
Wall Street declines again after the Wednesday pause