GBPUSD

FX year ahead 2019: End of dollar dominance?

Posted on December 24, 2018 at 12:22 pm GMT

As 2018 draws to a close, the heavily sold currencies are set to end the year off their lows, while the US dollar – one of the biggest winners of 2018 – appears on track to start 2019 on a negative footing. While it’s too early to predict a new downtrend for the dollar, expectations that US interest rates are nearing their cycle peak could provide the greenback’s peers some much-needed relief. Yet, several risks remain – ranging from the [..]

European Open Preview – Stock carnage deepens; yen extends gains

Posted on December 24, 2018 at 8:58 am GMT

US stock indices extend losses, Nasdaq enters bear market as concerns around future growth feed risk aversion Dollar and yen outperform on safe-haven demand, but are giving back some gains on Monday amid encouraging trade headlines Equities drop to fresh lows as uncertainty reigns US stock indices closed with sharp losses once again on Friday, in an environment characterized by thin liquidity, as investors attempted to protect their profitability heading into the New Year via liquidating more of their prior [..]

European Open Preview – Stocks sink alongside dollar as market havoc continues

Posted on December 21, 2018 at 9:16 am GMT

US stocks extend plunge as investors remain jittery of a Fed policy error, US government shutdown, and US-China tensions Yen outperforms as uncertainty deepens, while dollar continues to bleed BoE remains on hold, points to intensifying Brexit uncertainties S&P 500 closes at September 2017 lows There was no reprieve for US stock markets, which extended their losses as the dust following the latest Fed meeting settled. The benchmark S&P 500 (-1.58%) closed at its lowest level since September 2017, with [..]

European Open Preview – Dollar shows weakness despite not-so-dovish FOMC meeting

Posted on December 20, 2018 at 9:20 am GMT

Fed’s dot plot indicates two rates hike next year, down from three Bank of England to hold rates steady amid Brexit drama EU and Italy find common ground on budget plan Fed not as dovish as expected Shares in the US and Asia tumbled after the Federal Open Market Committee (FOMC) raised interest rates by a quarter point to 2.25-2.5% in a widely expected decision and hinted further tightening next year despite the hazards in global economic conditions. The central bank [..]

European Open Preview – Fed unlikely to be as dovish as market pricing implies

Posted on December 19, 2018 at 8:42 am GMT

The spotlight today is on the Fed’s decision; markets seem positioned for an extremely “dovish hike”, which poses an upside risk for the dollar The BoJ will also meet, though that gathering may be less exciting Meanwhile, oil prices resumed their broader collapse Fed may strike a less dovish tone than investors anticipate The main event today will be the Fed’s policy decision at 1900 GMT, which will be followed by a press conference from Chair Powell. A quarter-point rate increase [..]

Brexit strain to take shine off UK CPI and retail sales data, as well as BoE meeting – Forex News Preview

Posted on December 18, 2018 at 4:01 pm GMT

A raft economic data are due out of the UK this week ahead of a Bank of England policy decision. Inflation and retail sales figures will be released at 09:30 GMT on Wednesday and Thursday, respectively, to be followed by the BoE announcement at 12:00 GMT on Thursday. But with the UK Parliament in deadlock over Brexit and the European Union refusing to give further ground on the Irish backstop issue, pound traders will likely stay on the sidelines until [..]

European Open Preview – Dollar softer on bets volatility will stay Fed’s hand

Posted on December 18, 2018 at 8:48 am GMT

Risk sentiment in dire straits; US stocks close at fresh lows, yen shines Dollar drops as Fed rate-hike expectations fade even further Kiwi buoyant after New Zealand’s business sentiment recovers S&P 500 closes at 14-month low as fear dominates greed Risk sentiment remained sour to start the week, in the absence of any clear catalyst, other than a flurry of headlines suggesting a US government shutdown may be on the cards this holiday season. The benchmark S&P 500 index fell [..]

Technical Analysis – GBPUSD rebounds on 20-month low; remains bearish in long-term

Posted on December 18, 2018 at 7:33 am GMT

GBPUSD has rebounded somewhat after falling to a 20-month low of 1.2475 on December 12 and momentum indicators are endorsing that the market sentiment might get better and create some gains in the daily timeframe. The RSI indicator is sloping slightly up in the negative territory, while the MACD oscillator is also looking to change direction and is ready to create a bullish crossover with its trigger line in the bearish zone. Should upside movement dominate in the near term, [..]

European Open Preview – US dollar index near highs as Fed week begins

Posted on December 17, 2018 at 8:14 am GMT

US dollar not far from highs as Fed poised to hike later in the week Risk sentiment under pressure from signs of global slowdown Volatile sterling in wait-and-see mode on possible Brexit holiday pause US dollar keeps most of its gains on robust retail sales The US dollar was helped by a buoyant November retail sales report on Friday, which were in contrast to weaker-than-expected data and business surveys out of Europe and China. A strong consumer should help the [..]

Week Ahead – Fed decides as pressure grows to pause rate hikes; BoE and BoJ meet too

Posted on December 14, 2018 at 1:27 pm GMT

The Federal Reserve’s policy meeting will be the main attraction next week as speculation grows the US central bank could signal slowing down the pace of rate hikes. Policy meetings by the Bank of England and Bank of Japan are not expected to draw as much attention. Instead, economic data will be grabbing the headlines for the rest of the week as inflation, retail sales and GDP figures are due for a number of major markets, including, Canada, Japan, the [..]

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