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Sell GBP, Buy CAD

Today we have a lot of important economic reports - from UK - Retail sales for JAN at 09:30h GMT. From Canada also Retail sales but for DEC and Consumer Price Index for JAN at at 13:30. From US at 15:00 GMT - Existing Home Sales.
With the bad weather in UK, the recent fall of inflation and increase of unemployment I expect the Retail Sales to be under the expectation and I'll try to sell the GBP.
From Canada I expect the Retail Sales to exceed the expectation - we are talking about December wit…
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Convallium avatar
Convallium 21 2月

thank you for your report)

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GBPUSD Time to go deep down?

The inflation in UK for January has fallen under the 2% target of the BOE for the first time since November 2009. The Consumer Price Index has increased with 1.9% y/y with comparison to December of 2% y/y and an expectation of the economist of 2%. The report also showed that the prices has fallen with 0.6% compared to December, which is also the biggest monthly fall since January 2009. The BOE expect the inflation to be close to the target of 2% and will keep the interest rate of 0.5 to stimulat…
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Time to pause the tapering and shorting the USD?

For the last months the US economy seemed to be recovering. With the positive economics data FED did a tapering in with 10b and then with 10b more. But after the December weak US job data with only 75k new jobs and expectation of around 195k, today we saw a second month in a row that the expectation is not met with actual 113k and expectation 185k. Is it time for the FED to pause the tapering? The next FOMC meeting is in March, so we'll have a lot of economics data till then, but I'll have a clo…
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