All Articles Tagged - EURGBP

European Open Preview – Aussie boosted by retail sales while tech selloff spreads to Asia

Posted on December 5, 2017 at 8:45 am GMT

Here are the latest developments in global markets: FOREX: The RBA held rates unchanged on early Tuesday as expected, but the aussie hit a three-week high following upbeat retail sales figures which pointed to an improved economic outlook. The kiwi also posted a strong rebound, erasing yesterday’s losses after the RBNZ governor said that the central bank had less leverage over inflation. Sterling was on the backfoot as the UK Prime Minister failed to satisfy the EU on Brexit elements, while the [..]

US Open Preview – Pound in shape after positive Brexit signals; stocks up; US tax updates eyed; US factory orders awaited

Posted on December 4, 2017 at 12:47 pm GMT

Here are the latest developments in global markets: Forex: Sterling rallied above 1.35 against the dollar and touched a fresh one-month high versus the euro after EU parliamentary members of the Brexit group said there was a “very good chance” of a deal and that May’s meeting with the President of the European Commission could resolve main issues. The euro was on track to post a second red daily candle on the back of a stronger dollar despite the Eurozone’s Sentix investors confidence index in [..]

US Open Preview – Euro bears in charge; European stocks in green; eyes on US PCE inflation index & OPEC meeting

Posted on November 30, 2017 at 12:20 pm GMT

Here are the latest developments in global markets: Forex: The euro dived to a one-week low versus the dollar and approached a one-month low against the pound after flash inflation estimates out of the Eurozone inched below expectations in November, whereas the block’s unemployment rate ticked down, hitting fresh multi-year lows. Pound/dollar was on track to post a third straight green daily candle, while the kiwi was the worst performer amid weakening business sentiment. Stocks: European stocks were posting gains. The STOXX 600 index was 0.57% up, the German Dax [..]

Stock Market Update – US tech selloff spreads to other markets; bullish sentiment in Europe; US tax bill & energy eyed ahead of OPEC

Posted on November 30, 2017 at 11:35 am GMT

A selloff in tech stocks yesterday in the US reverberated into Asia today with the sector underperforming and weighing on major benchmarks. The Nikkei 225 and the Topix, which more broadly gauges Japanese equity performance, finished the day higher by 0.6% and 0.3% respectively. Hong Kong’s Hang Seng lost 1.5% with all industry sectors in the red and technology being the worst performer. The Shanghai Composite slid by 0.6%. Australia’s S&P/ASX 200 declined by 0.7% with tech again being the [..]

Forex Market Review (European Session) – Dollar and pound march higher; euro extends declines

Posted on November 29, 2017 at 3:20 pm GMT

The US dollar and the British pound remained the day’s biggest winners in European trading on Wednesday on increased hopes of big tax cuts in the United States and the UK and the EU edging closer to a deal on the Brexit divorce terms. Most majors came under pressure from the stronger greenback, including the euro, which headed for a third straight day of losses, but the resurgent pound capped the dollar index’s gains. European equities headed higher after another [..]

Forex Market Review (Asian Session) – Dollar ignores North Korean missile; pound rallies on reports of Brexit bill agreement

Posted on November 29, 2017 at 8:46 am GMT

The pound rallied on foreign exchange markets on reports that the UK and the EU had agreed on a Brexit bill while the US dollar and risk sentiment more generally were helped by the passage of the Republican tax cut package through a Senate committee. These developments helped markets shake off worries about a new missile test from North Korea. The North Korean military tested a new type of missile which flew higher than any other previous projectiles launched by [..]

Forex Market Review (European Session) – Dollar moves higher as US consumer confidence touches 17-year high; Irish worries ease

Posted on November 28, 2017 at 3:49 pm GMT

The day’s main release pertained to US consumer confidence figures released late in the session. Those came in at a multi-year high, creating a positive backdrop for the greenback for the remainder of the day. Beyond this, new Fed chief Jerome Powell appearing before US senators, US tax reform deliberations and developments that could affect the outcome of Brexit negotiations were also gathering attention. Powell’s confirmation hearing before the Senate Banking Committee has begun at 1500 GMT, with senators having [..]

Forex Market Review (Asian Session) – US dollar keeps tax-related gains ahead of Powell confirmation hearings

Posted on November 28, 2017 at 8:34 am GMT

The US dollar was consolidating its gains from the previous day when hopes for tax reform were rekindled by an optimistic tweet by President Trump. Euro/dollar was pushed back below 1.19 as the single currency showed it was not yet ready for a test of the key psychological 1.20 level. The previous day’s high was 1.1961 – a more than 2-month high – but the euro was last trading at 1.1888. Dollar/yen also reflected some strength by the greenback as [..]

Forex Market Review (European Session) – Dollar broadly weaker; sterling rises despite Brexit uncertainty; oil retreats

Posted on November 27, 2017 at 3:51 pm GMT

With US new home sales being the day’s major release during today’s session, upcoming developments, such as US tax reform deliberations and Brexit negotiations, were in forex market participants’ minds during today’s European session. Meanwhile, the yen was advancing on some softness in Asian and European equity markets. At 1523 GMT, the dollar index, which measures the greenback against the currencies of six major US trading partners, was 0.1% down at 92.74. The gauge finished lower in the three preceding [..]

Forex Market Review (European Session) – Euro shines as SPD agrees to resume coalition talks; dollar sinks to two-month low

Posted on November 24, 2017 at 4:25 pm GMT

Euro bulls pushed the euro to a fresh two-month high during the European session after upbeat readings on German business climate improved sentiment on the Eurozone’s outlook and political risks in Germany eased. The dollar weakened even further amid a strengthening euro, while disappointing PMI readings added further losses to the currency. Business confidence in Germany reached new record highs in November, with the headline business climate index jumping by 0.9 points to 117.5 compared to the expected 116.6. Businesses also remained optimistic about their activities over the next [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

EURGBP

XM Live Chat