All Articles Tagged - EURGBP

European Open Preview – Yen weakens on politics; all eyes on US inflation

Posted on March 13, 2018 at 8:47 am GMT

Here are the latest developments in global markets: FOREX: The dollar was trading higher versus a basket of currencies on Tuesday, posting notable gains against the yen in the midst of a political scandal in Japan that raises questions about the government’s ability to deliver moving forward. STOCKS: US markets were mixed yesterday. The Nasdaq Composite closed 0.4% higher, reaching another record high, but the S&P 500 and the Dow Jones fell by 0.1% and 0.6% respectively. Futures tracking the [..]

US Open Preview – Dollar enjoys support from risk appetite ahead of NFP report; European stocks weaker

Posted on March 9, 2018 at 12:37 pm GMT

Here are the latest developments in global markets: FOREX: Trump’s decision to exempt the US’ close trade allies Canada and Mexico from hefty import tariffs on steel and aluminum yesterday, while leaving the door open to other countries, and the announcement that he has accepted the invitation to meet the North Korean leader, Kim Yong Un, continued to support the dollar during the European trading session. The dollar index retained its gains from yesterday, last trading at 90.24 (+0.07%), whilst dollar/yen was enjoying gains at 106.77 (+0.54%) ahead of [..]

US Open Preview – Euro continues to struggle amid Italian political risks; European stocks rise

Posted on March 5, 2018 at 12:54 pm GMT

Here are the latest developments in global markets FOREX: The euro remained under pressure during early European afternoon as Sunday’s elections in Italy which ended to a hung parliament, undermined Eurozone’s prospects, with Eurosceptic parties gaining some ground. However, investors’ confidence on the bloc’s economic performance and an expected grand coalition deal between Merkel’s Conservatives and their previous partners, the SPD, provided some support to the currency, with euro/dollar rising back to 1.2332 before it inched lower to 1.2295 (-0.16%). Euro/yen and euro/pound were [..]

US Open Preview – Dollar bears retake control amid trade risks; European equities dragged by automakers

Posted on March 2, 2018 at 12:52 pm GMT

Here are the latest developments in global markets: FOREX: Dollar bears remained in charge during early European trading afternoon amid trade uncertainties spurred by the US President, Donald Trump, yesterday, who said that he would impose new hefty tariffs on steel (25%) and aluminum (10%) imports. Fears that these measures could trigger a trade war between the US and the rest of the global economy including the biggest world exporter China, who responded today saying that it will safeguard its interests if harmed by the [..]

UK PM Theresa May’s position on Brexit: will sterling extend declines? – Forex News Preview

Posted on March 1, 2018 at 4:00 pm GMT

More than one-and-a-half-years have passed since Britain voted in favor of leaving the European Union and the situation is still unclear as regards the UK’s future relationship with the remainder of the EU bloc of nations. UK PM Theresa May will be delivering a speech on Friday that aims to clarify her government’s position on this front. Will her remarks though truly clear the fog, or will a fresh layer of uncertainty set in, acting as a drag on both [..]

US Open Preview – Dollar holds strong ahead of Powell’s Senate speech; European equities in the red

Posted on March 1, 2018 at 12:42 pm GMT

Here are the latest developments in global markets: FOREX: Investors were in a sell mode against the pound during early European afternoon as the cloud around the Brexit story was getting larger following May’s unexpected rejection of the legal draft Brexit treaty published yesterday. Pound/dollar crawled further down to touch a fresh six-week low at 1.3726 (-0.16%). Euro/dollar also weakened towards six-week lows, inching down to 1.2185 (-0.07%) as hawkish monetary prospects in the US increased the gap between the US-EU [..]

European Open Preview – Dollar hits 6-week high ahead of Powell; trade tariffs and key US data eyed

Posted on March 1, 2018 at 8:58 am GMT

Here are the latest developments in global markets: FOREX: The dollar recorded a six-week high versus a basket of currencies ahead of Fed chief J. Powell’s hearing before the Senate Banking Committee and key data out of the US. The aforementioned high came mostly on the back of gains from previous days though, as the dollar index was little changed on the day. STOCKS: US markets closed lower once again yesterday, ending February on an uncertain note. The Dow Jones [..]

US Open Preview – Euro pressured by political uncertainties; Canadian inflation in focus

Posted on February 23, 2018 at 11:43 am GMT

Here are the latest developments in global markets: FOREX: Euro/dollar was under pressure during early European trading, trading lower at 1.2302 (-0.22%) as uncertainties in the political front loomed in the background ahead of the Italian general election and the German’s polls on whether Merkel’s Conservatives will formally lead the government under a coalition agreement with their former coalition partners, the SPD. Pound/dollar jumped to an intra-day high of 1.3993 (+0.14%). on hopes that the Bank of England would raise interest rates faster than [..]

US Open Preview – Pound faces headwinds as UK unemployment rate rises; Fed meeting minutes pending

Posted on February 21, 2018 at 12:00 pm GMT

Here are the latest developments in global markets: FOREX: Although British average earnings (excluding bonuses) in January appeared stronger than expected, reaching the highest growth in a year, pound/dollar eased to a one-week low of 1.3913 (-0.51%) as the unemployment rate rose surprisingly for the first time since June 2015 in the three months to December. In Brexit news, more than 60 Conservative members wrote a letter to the UK Prime Minister, Theresa May, demanding a clean exit from the [..]

US Open Preview – Dollar trapped in negative sentiment; European stocks set for weekly gains

Posted on February 16, 2018 at 12:30 pm GMT

Here are the latest developments in global markets: FOREX: Despite rising US Treasury yields, the dollar was under pressure against its major peers, with traders attributing the phenomenon to concerns surrounding a potential ballooning US debt and the expectations that other central banks could start raising rates amid higher inflation prospects. Dollar/yen tumbled to a fresh one-year low of 105.54 during the Asian session before it inched up to 106.17 (-0.04%) in early European trading. The dollar index was struggling to [..]

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