SaxoTV

FX Update: Sterling, EURUSD and why China chatter matters

492 views
October 14, 2015 GBP, bank of england, bb, bondsg, bondsgb, carney forward guidance, economy, eur, euro, euro area, euro dollar, euro zone, europe, european, european central bank, european economy, eurozone, eurusd, foreign exchange, foreign exchange market, foreign exchange strategy, forex, forex 2014, forex 2014 outlook, forex and more, forex buying, forex eurusd, forex exchange, forex idea, forex market, forex market overview, forex markets, forex saxo bank, forex strategy, forex trade idea, forex trade ideas, forex trading, forex trading 2014, forextrading, fx, fx award, fx crosses, fx forex, fx interbank markets, fx investing, fx market, fx markets, fx marketsf, fx options, fx saxo bank, fx spot, fx strategy, fx trade, fx trade idea, fx traders, fx trades, fx trading, fx trends, fx volatility, fxf, fxfx, fxmarkets, fxoptions, fxspot, fxtrade, gb, gbp eur, gbp falling, gbp trading, gbp trading 2014, gbp trading 2015, gbp usd, gbp usdg, gbp weakening, gbpchf, gbpeur, gbpeur 2014, gbpjpy, gbpusd, gbpusd 2014, gbpusd 2014gb, gbpusd five year high, gbpusd labour day, gbpusd oct 2008 high, gbpusd record high, gbpusd trade idea, gbpusdg, greeceg, interest, interest rate, interest rates, interestrates, ken, ken veksler, ken veksler accumen management, ken veksler assumen management, macro, macro economics, macro economics'mac, macro economy, macro strategy, rates, rates decision, saxo tv, tradingfloor.com, uk, uk banks, uk economy, us, us dollar, us dollar index, us economy, us fed, us federal reserve, us jobs, us jobs data, usa, usd, usd index, usdeur, usdjpy, xau
Ken Vexler, Director of Accumen Management, updates us with his latest assessment of the most popular currency pairs: EURUSD and Cable. 

Although the UK unemployment rate is back down to where it was before the 2008 crash and average earnings continue to climb, the markets don't appear to be anticipating a UK rate rise from the BOE this year, so what levels to look for in Cable?

The next ECB rate decision is due to be made public next week and Ken assesses the range to watch as the central bank wrestles with a currency that's too high for Mario Draghi's liking: https://www.tradingfloor.com/calendar

China chatter continues to overshadow growth and all important market sentiment. Ahead of more Chinese GDP and PMI data next week why it's important to be aware of Beijing's next move.