{"id":89577,"date":"2016-05-12T06:53:20","date_gmt":"2016-05-12T10:53:20","guid":{"rendered":"http:\/\/countingpips.com\/?p=89577"},"modified":"2016-05-12T06:53:20","modified_gmt":"2016-05-12T10:53:20","slug":"us-dollar-slips-sterling-in-focus-ahead-of-boe","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/05\/us-dollar-slips-sterling-in-focus-ahead-of-boe\/","title":{"rendered":"US dollar slips, sterling in focus ahead of BoE"},"content":{"rendered":"<div id=\"inves-1474699139\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">May 12, 2016<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>There was a big rally in oil prices late on Wednesday but this still failed to boost risk appetite and markets were down. In currencies like the safe haven yen firmed up while gold also rose.<\/p>\n<p>Tokyo\u2019s Nikkei 225 fell 0.1 per cent while Hong Kong\u2019s Hang Seng lost 0.4 per cent. Australia\u2019s S&amp;P\/ASX 200 slipped 0.4 per cent.<\/p>\n<p>A weaker US dollar helped gold rise to $1278.<\/p>\n<p>The dollar\u2019s index dropped to 93.826, down from Tuesday\u2019s high at 94.356.<\/p>\n<p>USDJPY traded at 108.35 yen, having pulled back from Wednesday\u2019s two-week high of 109.38, with its failure to test a major psychological level of 110 hurting sentiment for the dollar.<\/p><div id=\"inves-1384407296\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>EURUSD recovered to $1.1428 from Tuesday\u2019s low of $1.13585.<\/p>\n<p>GBPUSD was around $1.1440, not far from a 2-week low of $1.4375 reached on Monday.<\/p>\n<p>Sterling will likely become volatile today as the Bank of England\u2019s monetary policy committee announces its rate decision and releases updated growth and inflation forecasts in a quarterly report. A press conference by the Bank\u2019s Governor Mark Carney will also attract market attention.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime There was a big rally in oil prices late on Wednesday but this still failed to boost risk appetite and markets were down. In currencies like the safe haven yen firmed up while gold also rose. Tokyo\u2019s Nikkei 225 fell 0.1 per cent while Hong Kong\u2019s Hang Seng lost 0.4 per cent. [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-89577","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/89577","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=89577"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/89577\/revisions"}],"predecessor-version":[{"id":89595,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/89577\/revisions\/89595"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=89577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=89577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=89577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}