All Articles Tagged - GBPUSD

Daily Market Comment – Stocks aim for new records as Chinese data lift sentiment

Posted on July 15, 2019 at 8:24 am GMT

US stocks eye new record highs as earnings season begins Dollar pulls back as markets digest Powell’s cautiousness Kiwi outperforms on Chinese data, looks to crucial inflation numbers Solid Chinese data calm slowdown fears, boost risk appetite Global markets kicked off the week in a risk-on mood, with the major US stock indices set to open at new record highs and commodity currencies like the kiwi outperforming in the FX arena, following a batch of encouraging Chinese data. As expected, [..]

Week ahead – Flurry of key data eyed as markets digest Powell’s cautiousness

Posted on July 12, 2019 at 11:45 am GMT

After Fed chief Powell all but guaranteed a July cut, things could quiet down a little next week, as the agenda is dominated by economic data. Growth figures from China may shed light on how much damage the trade war has inflicted, while in the US, retail sales numbers will be among the final pieces of the puzzle before the next Fed meeting. Inflation stats from New Zealand and Canada are also on tap, with some UK data perhaps attracting [..]

Daily Market Comment – Dollar weaker after Powell flags rate cut; US stocks hit all-time highs

Posted on July 11, 2019 at 8:26 am GMT

Fed Chair Jerome Powell and FOMC minutes bolster case for a July rate reduction US dollar slips after Powell’s remarks, reversing NFP-driven gains Euro rebounds, eyes ECB minutes; pound and loonie up too US stocks hit record highs but Bitcoin plunges Powell testimony all but confirms rate cut in July Markets were in buoyant mood on Thursday as Fed Chairman Jerome Powell gave his strongest indication yet that the Federal Reserve will slash interest rates at the July 30-31 meeting. [..]

Daily Market Comment – All eyes on Powell as markets seek rate cut confirmation; dollar at 3-week high

Posted on July 10, 2019 at 8:07 am GMT

Powell’s testimony awaited as investors seek clues on rates following mixed data US dollar continues to advance higher as odds of 50 basis points cut are erased Pound and aussie extend declines on rising rate cut expectations Bank of Canada expected to hold rates Markets are praying for a dovish Powell Fed Chairman Jerome Powell’s testimony will be today’s and the week’s focal point as investors attempt to gauge how dovish policymakers will be when they meet for their next [..]

UK growth likely bounced back in May but rising risks to keep pound on backfoot – Forex News Preview

Posted on July 9, 2019 at 10:50 am GMT

UK data will dominate Wednesday’s economic releases as the latest indicators on GDP growth, industrial output and trade are due to be published. The numbers, out at 08:30 GMT, will be watched for a possible rebound in growth during May following a dismal April. But even if economic output did bounce back in May, the latest PMI data suggest more pain is on the way for the British economy, casting a shadow over the pound’s near-term outlook. UK output expected [..]

Daily Market Comment – Dollar holds firm as Fed rate signals awaited; pound slips to 6-month lows

Posted on July 9, 2019 at 8:21 am GMT

Dollar remains buoyant as investors re-evaluate Fed rate cut bets Focus on Fed as FOMC minutes and Powell testimony eyed for clarity on rates Pound slips to fresh 6-month lows ahead of key UK data amid slowdown fears Dollar edges higher on fading expectations of an aggressive Fed The US dollar was heading towards three-week highs against a basket of currencies on Tuesday as investors pared back their expectations that the Federal Reserve would soon embark on an aggressive easing [..]

Technical Analysis – GBPUSD flirts with 6-month low; holds in descending channel

Posted on July 9, 2019 at 6:39 am GMT

GBPUSD plunged to a six-month low of 1.2480 on Friday, continuing the strong sell-off from March 13. The pair is currently hovering near the return line of the descending channel and the short-term moving averages are following the downfall of the price action. The RSI is standing near the 30 level but is flattening, suggesting that there is a possibility of a weaker bearish move in the daily chart. However, the MACD oscillator is strengthening its negative movement below the [..]

Daily Market Comment – Dollar surges after strong US jobs report but stocks slide

Posted on July 8, 2019 at 8:06 am GMT

US dollar roars higher on surprise jump in US payrolls But stocks are sold off as investors trim expectations of aggressive Fed rate cuts Attention now turns to Powell’s semi-annual testimony in Congress for policy clues Strong US jobs report puts dollar back in the front foot The US dollar was trading close to Friday’s highs today when it surged on the back of a much better-than-expected nonfarm payrolls report. The US economy added 224k jobs in June, significantly higher [..]

Week Ahead – BoC meeting eyed as loonie rallies; UK and Chinese data in focus amid slowdown fears

Posted on July 5, 2019 at 10:12 am GMT

Economic releases will be somewhat sparser in the coming week but there will be several key data to keep an eye on as well as central bank activity that could shape expectations of future monetary policy. The Bank of Canada meets for its latest policy decision and will probably resist making a dovish tilt, while the minutes of the Federal Reserve’s and the European Central Bank’s last policy meetings will be watched for clues on their upcoming decisions later this [..]

Daily Market Comment – US payrolls could decide how deep Fed cuts in July

Posted on July 5, 2019 at 7:53 am GMT

US employment data today will be crucial for Fed rate-cut expectations and the dollar Canadian jobs figures also due, as loonie touches new 2019 high In Europe, bond markets continue to price in QE, but euro snoozes US payrolls may dictate how deep Fed cuts in July and dollar’s path After a relatively quiet session on Thursday, the spotlight will fall on the US employment data today. Markets are still pricing in a ~25% probability for a ‘double’ rate cut [..]

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