All Articles Tagged - GBPUSD

US Open Note – US Retail sales add to rising inflation bets; FOMC minutes next in the spotlight

Posted on February 17, 2021 at 2:08 pm GMT

Dollar bulls positively charged by rising yields Hopes for a robust recovery and expectations that inflation may pick up steam faster than markets believed continued to feed risk-on appetite during late European hours, keeping the 10-year Treasury yield near today’s peak of 1.33%. The strong upturn has yet to scare stock markets, though some weakness is evident today, with US futures pointing to a neutral open as European equities are preparing to close the day with moderate losses. Although demand [..]

Pound powers higher ahead of UK data – Forex News Preview

Posted on February 17, 2021 at 2:04 pm GMT

The latest batch of British data will hit the markets on Friday. Retail sales will be released at 07:00 GMT ahead of the PMI business surveys at 09:30 GMT. Forecasts point to relatively soft numbers, which would confirm the economy remains in a deep hole thanks to the lockdowns. Yet, that’s unlikely to change the pound’s fortunes, which continues to roar higher as the UK leads the vaccination race. Better days ahead It’s been a fantastic year for the British [..]

Daily Market Comment – Rising US yields resuscitate dollar, scare equities

Posted on February 17, 2021 at 9:53 am GMT

Treasury yields jump again as stimulus draws closer, inflation bets continue to rise Dollar soars against yen, crashes gold; stocks ease back but no sign of panic Oil holds firm amid US disruptions, copper surges on growth optimism Yields rise across the board but only dollar shines The yields on long-term Treasury notes have been creeping higher again as investors continue to price in a mega stimulus package in the United States. But it’s not just expectations of record debt [..]

US Open Note – US stocks set to join risk-on party; dollar index hovers near 90.00 support

Posted on February 16, 2021 at 2:11 pm GMT

Wall street may open stronger US traders will return to their desks after a long weekend, with stocks aiming to extract their own share of gains from the latest risk-on euphoria as reflected by the modest upside in S&P 500 futures. Although the risk-taking tendency was softer during late European hours, it remained robust enough to keep the German DAX 30 and the UK’s FTSE 100 index close to their Monday peaks.Perhaps the absence of any discouraging vaccine news and slowing global infection cases enhanced speculation that governments will [..]

Daily Market Comment – Yen crumbles as vaccine optimism intensifies, stocks extend gains

Posted on February 16, 2021 at 10:00 am GMT

Safe-haven yen sold across the board as vaccine rollouts fuel hopes of a swift recovery Stocks continue to soar even as global yields creep higher, but dollar fights back Pound scales fresh highs as aggressive vaccination campaign shines light on UK assets Vaccines keep optimism running high The expansion in the global rollout of Covid-19 vaccines drove risk appetite to new heights on Tuesday as investors became more confident that inoculating against the deadly virus will lead the global economy [..]

Technical Analysis – GBPUSD flies to new 34-month high; next level 1.40

Posted on February 16, 2021 at 7:35 am GMT

GBPUSD skyrocketed to a fresh 34-month high at 1.3950 after the successful climb above the 1.3745 area. The tendency has been strongly positive since May 2020 and the price is standing well above the short- and long-term simple moving averages (SMAs) in the daily timeframe. In trend indicators, the Ichimoku lines are pointing upwards as well, while the RSI is heading north in the 70 level and the stochastic oscillator is holding in the overbought zone, posting a bullish cross [..]

US Open Note – Yen gets hammered; Boris looks to exit lockdown

Posted on February 15, 2021 at 2:26 pm GMT

It’s a risk-on day It’s a bright day for markets as upbeat Q4 GDP growth figures out of Japan coupled with falling global infection cases bolstered hopes that the economic recovery could gain steam in the year ahead. Following the strong bounce in Asian indices, which sent the Nikkei 225 up to 30,000 for the first time in three decades, European equities received a slice of interest too. The German DAX 30 was flirting with its recent record highs, while the Euro STOXX 600 was [..]

Daily Market Comment – Stocks hit fresh records as dollar pulls back, oil breaks $60

Posted on February 15, 2021 at 10:02 am GMT

Global stocks surge to fresh highs as no end to euphoria, but quieter day expected Dollar jolts back down, pound and aussie roar ahead on vaccine boost WTI oil smashes above $60 a barrel to new post-pandemic high No stopping the bulls The stimulus and vaccine-led euphoria continued to bolster sentiment on Monday even as US markets are shut for Presidents’ Day and China is still celebrating the Lunar New Year. Asian markets closed sharply higher, led by Japan’s Nikkei [..]

US Open Note – Dollar and stocks hold a bit firmer

Posted on February 12, 2021 at 2:32 pm GMT

Dollar ticks up ahead of preliminary Michigan consumer sentiment The US dollar hit a bottom at the beginning of the year, and it has since recovered quite strongly. However, sentiment appears to be shifting with the dollar pulling back this week and much of that has to do with the persistent strength of US equities. The dollar index is trying to recoup some of the previous days’ losses, rebounding off the 50-day simple moving average (SMA) around 90.40. Shares on Wall Street closed higher on [..]

Week Ahead – Dollar’s comeback bid wobbles ahead of Fed minutes, flash PMIs

Posted on February 12, 2021 at 1:42 pm GMT

There will be no shortage of data releases in the coming week, with Japanese GDP, Australian job numbers and European and US flash PMIs being some of the highlights. But markets may still struggle to find new direction as there’s nothing on the horizon that is likely to alter the existing narrative on stimulus and vaccine expectations. The minutes of the Federal Reserve’s January policy meeting are also not anticipated to rattle markets. Though, in the absence of any exciting [..]

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.

GBPUSD

XM Live Chat