All Articles Tagged - GBPUSD

Daily Market Comment – Markets unimpressed by Fed’s hawkish cut; aussie slips on weak jobs data

Posted on September 19, 2019 at 8:31 am GMT

Fed lowers rates as expected, signals may not cut again; BoJ stands pat, could move in October Dollar see-saws on Fed decision, stocks pare initial losses; BoE awaited Aussie and kiwi extend slide after data fuels rate cut expectations Powell soothes market nerves as split vote casts doubt on rate outlook There were no surprises from overnight decisions by the Federal Reserve and the Bank of Japan as the US central bank cut its benchmark rate by 25 [..]

Daily Market Comment – US funding squeeze haunts Fed ahead of rate decision; dollar slips

Posted on September 18, 2019 at 8:19 am GMT

US short-term rates jump on liquidity shortage in money markets, forcing Fed to step in FOMC decision awaited after market stress prompts speculation of balance sheet action Oil sharply reverses gains after Saudis pledge quick return to full output Calm returns to US money markets The US Federal Reserve carried out its first overnight repo operation since the financial crisis after short-term borrowing costs surged to 10% on Tuesday. The spike was caused by a funding squeeze brought on by [..]

What to watch out of the UK this week? – Forex News Preview

Posted on September 17, 2019 at 2:10 pm GMT

Unlike its major counterparts, the Bank of England (BoE) is not expected to join the dovish camp on Thursday when it announces its rate decision as the country has more Brexit developments to chew on. And while stable interest rates are better than an unexpected rate cut for the volatile pound, this week’s data out of Britain are not looking very promising, keeping downside risks alive in the market. Investors will also be interested to hear the UK’s Supreme Court’s decision on whether the Prime [..]

Daily Market Comment – Oil eases but stocks remain pressured; dollar edges up as focus turns to Fed

Posted on September 17, 2019 at 8:24 am GMT

Oil prices fall back slightly as imminent risk of war recedes, but tensions remain elevated US dollar in demand ahead of Fed decision; heightened tensions provide support Aussie slips after RBA minutes leave door open to another near-term rate cut Oil markets calmer but tensions high Crude oil prices moderated slightly on Tuesday as the United States and Japan pledged to release their countries’ oil reserves if needed, while President Trump said he’d like to “avoid” going to war with [..]

Technical Analysis – GBPUSD pauses rally at 1.2500; bearish signals are not convincing yet

Posted on September 17, 2019 at 7:32 am GMT

GBPUSD had a weak start to the week as the 1.2500 level did not allow Friday’s big rally, that ended above the Ichimoku cloud, to continue. The price is currently located lower around 1.2400, with the falling RSI warning over a softer trading tone in the short-term. Yet, as far as the indicator holds above its 50 neutral mark and the red Tenkan-sen maintains a steep positive slope above the blue Kijun-sen, those signals are not enough to convince that negative momentum [..]

Daily Market Comment – Oil soars after Saudi attacks; yen and gold up too

Posted on September 16, 2019 at 8:21 am GMT

Oil prices skyrocket after Yemen rebels launch air strikes on Saudi oil facilities Safe havens also jump as poor Chinese data adds to risk-off mood Pound eases from highs after EU casts doubt on Johnson’s claim of Brexit progress Oil prices surge to 4-month high after Saudi oil attacks Crude oil prices skyrocketed on Monday, recording their biggest intra-day gain since 1991 after Houthi rebels in Yemen reportedly carried out drone and cruise missile strikes on two major Saudi Arabian [..]

Week Ahead – Central banks bonanza awaits: Fed might disappoint, BoJ could surprise, more Brexit blues for BoE

Posted on September 13, 2019 at 1:30 pm GMT

With the ECB meeting over, it’ll be the turn of other central banks to try and impress stimulus-hungry markets with no less than four major policy meetings still to come. The Bank of Japan, the Bank of England, the Swiss National Bank, and of course, the Federal Reserve will announce their decisions over the next seven days. Economic data will also make the headlines as Canada, Japan and the United Kingdom publish inflation stats, China releases industrial production and retail [..]

Daily Market Comment – ‘Super Mario’ delivers, but not enough to keep euro down

Posted on September 13, 2019 at 8:09 am GMT

ECB cuts rates & restarts QE, but Draghi’s hints that monetary policy is at its limits push euro higher Stocks soar, havens drop on reports of an ‘interim’ US-China trade deal US retail sales today may be crucial for whether Fed delivers a ‘hawkish rate cut’ next week Euro rides the ECB rollercoaster, ends higher The European Central Bank (ECB) meeting was not short of excitement, with policymakers slashing the deposit rate by 10 basis points to -0.50% and restarting [..]

Daily Market Comment – ECB meeting front and center as trade worries ease

Posted on September 12, 2019 at 8:11 am GMT

ECB decision today – euro reaction to hinge on size of stimulus package Trade fears recede after US and China extend olive branches – stocks soar Oil prices dive as Trump considers easing Iran sanctions ECB meeting: Is ‘Super Mario’ coming with a bazooka or a toy gun? The much-anticipated ECB meeting concludes today at 11:45 GMT, and a press conference by President Mario Draghi will follow at 12:30 GMT. Policymakers are widely expected to deliver a blend of stimulus [..]

Daily Market Comment – Yen in distress amid trade optimism and BoJ easing talk

Posted on September 11, 2019 at 8:10 am GMT

Trade optimism remains the dominant theme, keeping FX market in a risk-on mood Yen underperforms on speculation of BoJ easing next week Oil retreats after Trump fires hawkish national security advisor Bolton Markets stay in a risk-on mood as trade optimism lingers The FX market continues to dance to a ‘risk-on’ tune, with moves in recent days being characterized by haven currencies such as the yen retreating, while trade-sensitive currencies like the aussie and the kiwi recover lost ground. Investors [..]

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