All Articles Tagged - GBPUSD

Week Ahead – Focus on manufacturing PMIs in subdued holiday week

Posted on December 27, 2019 at 2:01 pm GMT

The economic calendar will only marginally get busier in the coming week and trading volumes are not expected to pick up much as New Year celebrations get underway. However, key manufacturing gauges out of China and the United States could spoil the festive rally in equities as trade deal optimism continues to support risk assets heading into 2020. Meanwhile, in FX markets, the threat of another flash crash similar to the one seen in January 2019 will likely keep traders [..]

Daily Market Comment – Gold and stocks march higher as dollar bleeds

Posted on December 27, 2019 at 9:21 am GMT

US equities reach new peaks, but dollar can’t stay afloat Gold shines even brighter heading into year-end Aussie and kiwi make a comeback, both scale 5-month peaks Stocks push even higher as Amazon soars, dollar retreats Financial markets remain in a holiday mood, with moves in the FX spectrum being somewhat limited in magnitude in an environment of thin liquidity and without any noteworthy news to drive the price action. The underlying theme is still an increased appetite for riskier [..]

Daily Market Comment – Wall Street hits new highs for Christmas; gold gains too

Posted on December 24, 2019 at 9:00 am GMT

Dow Jones lifted by Boeing, aussie and kiwi follow stocks higher Sterling edges lower as Brexit worries persist Gold does its own thing again – swims against the risk-on tide US stocks close at fresh records; aussie and kiwi climb as well Another day, another record close for all three major US equity indices, this time with the Dow Jones (+0.34%) leading the pack. The price-weighted index was propelled higher by some gains in Boeing (+2.9%), which has the highest [..]

Technical Analysis – GBPUSD bears may keep ruling in short-term

Posted on December 24, 2019 at 8:19 am GMT

GBPUSD plummeted back to the 1.2900 territory and below its 20- and 50-day simple moving averages (SMAs), erasing all the election gains that drove the pair to a 1 ½ -year high of 1.3513. The short-term outlook keeps looking cloudy as the price has crossed below the middle Bollinger band but has yet to touch the lower band, while the RSI is also making its way down below its 50 neutral mark. Should the sell-off strengthen beneath the 1.2900 level that acted as support on Monday, the [..]

Daily Market Comment – Dollar recovers some poise, stocks hit new records

Posted on December 23, 2019 at 9:21 am GMT

Solid US data propel equities higher alongside the greenback Loonie stumbles as retail sales plunge, oil prices pull back Liquidity may remain thin overall, so any piece of news – or a tweet – might shake markets Dollar rebounds in quiet markets; stock rally in full swing It was a relatively quiet session in the FX market on Friday, as things started to wind down for the holiday season and news flow was thin. The overarching theme was an increased [..]

Daily Market Comment – Pound stumbles, franc and yen up as Johnson aims for hard Brexit

Posted on December 20, 2019 at 9:14 am GMT

Pound headed for large weekly loss as UK government pushes for speedy Brexit Hard Brexit fears support safe havens even as US and China move closer to signing trade deal US consumption and inflation data eyed before holiday lull Brexit moves closer to reality, unnerves markets UK Prime Minister Boris Johnson used his post-election Queen’s speech yesterday to unveil his Brexit agenda and reintroduce the Withdrawal Agreement bill to Parliament with some changes. The revised bill has all the indications [..]

Daily Market Comment – Dollar shrugs off Trump impeachment; aussie jumps on upbeat jobs data

Posted on December 19, 2019 at 9:03 am GMT

Dollar unfazed from US House vote to impeach Trump, edges up on higher Treasury yields Aussie and kiwi bounce higher on better-than-expected domestic data; loonie also firmer Pound steadier ahead of Bank of England decision President Trump is impeached; markets don’t care President Trump became the third president in the history of the United States on Wednesday to be impeached after the House of Representatives, as expected, approved two charges against him for abuse of power and obstruction of [..]

Bank of England likely to save caution despite some Brexit clarity – Forex News Preview

Posted on December 18, 2019 at 4:52 pm GMT

The British pound has erased all its gains from Boris Johnson’s decisive parliamentary majority last week as Brexit fears resurfaced. The focus is now turning to the Bank of England’s (BoE) policy meeting on Thursday at 12:00 GMT as markets are eagerly waiting to hear how the central bank is planning to deal with the new Brexit developments. While interest rates are widely expected to remain steady, policymakers are likely to save some caution, leaving the case open for a [..]

Daily Market Comment – Markets begin to tone down ahead of holiday season; sterling extends slide

Posted on December 18, 2019 at 9:29 am GMT

Stock market rally loses steam as investors await further details on ‘phase one’ deal Pound continues to slip on revived no-deal Brexit fears Dollar supported by upbeat US data Aussie, kiwi and loonie on the backfoot; domestic data in focus Stocks pause for breath on lack of fresh headlines The global rally in equities appeared to be running out of steam on Wednesday as shares succumbed to profit taking after several days of impressive gains. Equities received a major boost [..]

Technical Analysis – GBPUSD remains positive despite correction

Posted on December 17, 2019 at 9:50 am GMT

GBPUSD’s positive momentum has eased somewhat, something also backed by the declining RSI, which has exited the overbought area resulting in a pullback off the recent nineteen-month high of 1.3514. However, the positive outlook remains intact assisted by the upward slopes in the mid-Bollinger band, 50- and 100-day simple moving averages (SMAs). The technical indicators reflect the stall in the ascent, but overall still lean towards an improving picture. The MACD, although decreasing slightly has remained above its red trigger [..]

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