All Articles Tagged - GBPUSD

US Open Note – Stocks’ positive tone pauses but commodities keep minor upbeat vibe

Posted on September 22, 2021 at 2:37 pm GMT

Market jitters evident prior to Fed decision; dollar stabilizes While the suspension of the debt ceiling may hit a snag in the US Senate and somewhat cause disorder in global financial markets at a time of uncertainty, investors’ eyes have turned to the FOMC meeting decision scheduled today at 18:00 GMT, for laying the groundwork regarding the taper timeline and a possible hawkish comment. Asian session gains in US stock futures have steadied ahead of the Fed, while the greenback’s [..]

Technical Analysis – GBPUSD eases below SMAs, heading to lower boundary of trading range

Posted on September 22, 2021 at 1:46 pm GMT

GBPUSD is extending the previous days’ losses and is currently trading not far above the lower boundary of the long-term trading range at 1.3577. The RSI has turned lower after entering the negative territory. At the moment, it continues to head lower to support a negative short-term picture. The MACD oscillator is heading south as well, holding below its trigger and zero lines. Further declines may meet support around 1.3577, this being a congested area since the end of December. Even lower, support could occur around the 1.3435 [..]

Bank of England policy meeting: A hawkish tilt with some caution – Forex News Preview

Posted on September 22, 2021 at 10:05 am GMT

The Bank of England has already discussed the mechanics for switching to monetary tightening and although the plan could only materialize under specific circumstances, the talking itself is a sign that the tightening process is nearing. The main question, however, is when the central bank will make the first move. Certainly, Thursday’s policy meeting will not be the right time, but the latest upbeat economic stats may justify some hawkish statements. While this could bode well for the pound, the [..]

Daily Market Comment – Stocks steady on Evergrande debt assurance; dollar eyes Fed taper signal

Posted on September 22, 2021 at 8:55 am GMT

Chinese stocks mixed after trading resumes as Evergrande says it will meet debt payment Dollar holds firm ahead of Fed decision; will Powell rock the boat? BoJ keeps policy unchanged, yen slips on better mood, euro and pound lag Cautious rebound underway amid Evergrande relief Equities were mostly recovering on Wednesday as market nerves were somewhat calmed after China’s troubled property giant, Evergrande, told investors it will meet the debt payment due on Thursday for domestic bondholders. However, the company [..]

US Open Note – Stocks recover and dollar takes back seat

Posted on September 21, 2021 at 2:12 pm GMT

Market Sentiment picks up and central bank meetings draw focus The major US indices are gradually extending yesterday’s rebound while the dollar continues to dwindle. Nonetheless, as worries around China’s real estate giant Evergrande Group and its recent warnings of defaulting on its debt payments remain one of the global highlights, the spotlight continues to be directed around central banks. Investors continue to look for clues around meetings, with the BOJ expected to remain dovish and the Fed to comment [..]

Daily Market Comment – Calmer markets despite Evergrande risks, loonie jumps on Trudeau win

Posted on September 21, 2021 at 9:31 am GMT

Fears of Evergrande contagion ease slightly but markets remain edgy Loonie soars after Trudeau narrowly secures third term Aussie and kiwi brush off dovish reserve banks Pound up too but UK energy crisis a worry, dollar off highs Stocks bounce back after Evergrande panic Global equities were steadier on Tuesday, recouping some of the previous days’ losses, as fears of a huge spillover from Evergrande’s debt crisis subsided a little. As investors increasingly liken the Evergrande crisis with the collapse [..]

Technical Analysis – GBPUSD slips to one-month low; bias bearish

Posted on September 21, 2021 at 7:48 am GMT

GBPUSD retraced to an almost one-month low of 1.3640 on Monday after a multi-day battle with the 200-day simple moving average (SMA) and the 1.3840 barrier, where a dashed resistance trendline also happens to be. The pair is currently trying to heal yesterday’s wounds, but downside risks remain intact as the RSI is fluctuating comfortably below its 50 neutral mark, the Stochastics have yet to bullishly cross each other in the oversold area, and the MACD continues to stretch within [..]

US Open Note – China’s potential domino effect spooks stocks; dollar up

Posted on September 20, 2021 at 1:15 pm GMT

Stocks plunge as China’s Evergrande causes risk-off While the week was supposed to be all about the Fed and its tapering signals, increasing fears that Beijing will let its giant property developer Evergrande default on its $305 billion liabilities over a looming deadline for payment obligations brought another headache to global markets on Monday. The jitters popped up at a time when investors are growing sensitive to high valuations in stock markets and monitor signs of a slowing global economic [..]

Daily Market Comment – Dollar starts Fed week on front foot; stocks hit by Evergrande fallout

Posted on September 20, 2021 at 9:22 am GMT

Dollar climbs to 4-week high amid Fed taper expectations and Evergrande contagion fears Global stock markets tumble as Evergrande stock crashes again, default risk grows All eyes on Fed in busy week for central banks; hawkish BoE bets can’t rescue sliding pound Loonie slips ahead of Canada’s election outcome China jitters hit sentiment as stocks skid, dollar gains Fears of global contagion from the worsening crisis in China’s property sector continued to weigh heavily on sentiment at the start of [..]

Weekly Comment – USD up for second straight week ahead of FOMC

Posted on September 17, 2021 at 12:54 pm GMT

USD got a major boost from upbeat retail sales figures this week, which eased concerns that the US economy might be slowing too sharply. The strong data supports the case for the Fed to announce tapering on Wednesday. But the Fed decision isn’t the only one being eyed as central bankers in Japan, the UK and Switzerland also meet. The Highlights: The Fed will probably hold off from deciding to begin tapering at the September meeting and instead flag a [..]

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