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Daily Sound Bites 03.11

The British Pound halted the three-day slide against the greenback as a Bank of England survey showed a rise in inflation expectations, and the currency may continue to retrace the sell-off from earlier this week as the daily RSI bounces back from oversold territory. However, as the MPC is scheduled to release its March meeting minutes next week, the GBP/USD is likely to maintain the narrow range carried over from earlier this month as investors weigh the prospects for future policy

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British Pound Advances as Inflation Expectations Push Higher, Euro Holds Tight Range

The focus in recent hours has been centered on the antipodean currencies, with both the Aussie and Kiwi coming under some pressure on the back of some weaker data and a more dovish central bank outlook.

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Currency Consolidation in Majors Still the Name of the Game

Oil prices may finally break out lower as China’s inflation figures spark fears of imminent monetary tightening for the world’s second-largest crude consumer.

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Oil May Finally Break Support Amid Chinese Tightening Fears

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USD Graphic Rewind 03.11

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USD/JPY Classical 03.11

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USD/CHF Classical 03.11

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USD/CAD Classical 03.11

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NZD/USD Classical 03.11

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GBP/USD Classical 03.11

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GBP/JPY Classical 03.11

Setbacks have stalled for now ahead of

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EUR/JPY Classical 03.11

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EUR/CHF Classical 03.11

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AUD/USD Classical 03.11