All Articles Tagged - GBPUSD

European Open Preview – Pound plunges as May makes final push for her deal; dollar holds firm as trade talks eyed

Posted on March 29, 2019 at 9:25 am GMT

Sterling is in freefall again after Prime Minister May decides to put her deal to a third vote, but without the political deceleration on a future relationship Dollar holds near highs despite lower GDP revision as Treasury yields recover Stocks bounce back as bond rally eases and on optimism of US-China trade deal MPs to vote again on Withdrawal Agreement minus the political declaration British prime minister, Theresa May, made a last-ditch attempt to get her Brexit deal through Parliament. [..]

European Open Preview – Dollar firms as its peers struggle; pound slips as MPs fail to reach Brexit consensus

Posted on March 28, 2019 at 9:25 am GMT

US dollar continues to inch higher despite falling yields as more central banks join dovish bandwagon Pound comes under pressure after indicative votes produce no majority for any option and May’s offer to quit fails to win enough support for her deal Kiwi and aussie rebound from lows but euro extends declines Dollar defies lower US yields as other government bond yields fall more The US currency rose to fresh two-week highs on Thursday, with the dollar index approaching the [..]

European Open Preview – Dollar edges up as Treasury yields stabilize; Kiwi slumps as RBNZ hints at rate cut

Posted on March 27, 2019 at 9:16 am GMT

Dollar firmer despite weak US data as Treasury rally eases New Zealand dollar nosedives after RBNZ says rate cut more likely than a hike Pound choppy ahead of crucial indicative votes on Brexit in Parliament Steadier Treasury yields help dollar regain some footing The US dollar edged higher against a basket of currencies on Wednesday, extending Tuesday’s gains, as steadier Treasury yields alleviated the recent selling pressure, especially against the yen. The dollar index rose to a 2-week high of [..]

European Open Preview – Sterling steady as May loses control of Brexit process; dollar weighed by falling US yields

Posted on March 26, 2019 at 9:14 am GMT

Pound holds steady as British MPs prepare to vote on alternative Brexit plans Dollar struggles following yield curve inversion Equities breathe sigh of relief as US yields edge up Pound hovers around $1.32 as Brexit drama continues UK Prime Minister Theresa May suffered another humiliating defeat in Parliament on Monday after lawmakers voted in favour of holding a series of indicative votes to decide the next steps in the Brexit process, seizing power away from the government. While the vote [..]

Technical Analysis – GBPUSD could trade neutral in short term

Posted on March 26, 2019 at 8:42 am GMT

Following Thursday’s dive towards 1.30, GBPUSD returned to the 1.32 area to maintain the upward pattern it started in December. Meanwhile, the RSI seems to be losing ground in bullish territory, capturing a neutral picture for the short term. The 1.33 round level would be the main target if positive momentum accelerates, while higher the bulls would attempt to beat previous peaks at 1.3349 and 1.3380. If efforts prove successful, buying orders could increase towards the 1.3460-1.3548 former resistance area, [..]

Week ahead – RBNZ meets, trade talks resume, and more Brexit in store

Posted on March 22, 2019 at 2:31 pm GMT

After a hectic week that saw the Fed officially abandon its rate-hike plans for this year and several developments in the Brexit saga, things could quiet down a little. The only major central bank to meet next week will be the Reserve Bank of New Zealand (RBNZ), while in the political arena, all eyes will remain on the UK as another Brexit vote could be held in Parliament. On the trade front, high-level talks will resume in Beijing. Brexit squarely [..]

European Open Preview – Dollar roars back; euro crumbles on soft PMIs

Posted on March 22, 2019 at 8:52 am GMT

Dollar recoups Fed losses as other currencies soften Stocks climb amid renewed trade optimism Pound trims losses as EU offers short extension Euro plunges after Germany’s manufacturing PMI signals more pain ahead Dollar roars back, recoups Fed losses The US dollar staged a remarkable comeback on Thursday, advancing against a basket of six major currencies to recoup all the losses it recorded following the Fed meeting, even without any positive US catalyst or news. What is particularly striking, is that [..]

European Open Preview – Dollar reels as Fed abandons hikes; BoE decides

Posted on March 21, 2019 at 8:52 am GMT

Fed ‘dot plot’ shows no hikes in 2019, dollar crumbles Sterling dives as May requests short extension; BoE meeting and EU summit today SNB remains on hold, reiterates readiness to intervene in FX market Dollar plunges as Fed abandons rate hike plans – easing bets grow The Fed meeting wasn’t short of surprises. There was no change in policy, as expected, but the officials revised down their rate projections in the famous ‘dot plot’ quite significantly, to the point that [..]

European Open Preview – Fed ‘dots’ to steal the show; pound retreats

Posted on March 20, 2019 at 8:45 am GMT

Fed decision at 18:00 GMT today; new rate projections to dictate market reaction Stocks pause rally as trade uncertainty reigns in Sterling inches down amid reports May will ask for short Brexit extension Fed ‘dots’ to steal the show The main event today will be the Fed policy decision at 18:00 GMT, which will be followed by a press conference from Chair Powell. No change in policy is expected, so all eyes will be on the updated forecasts for the [..]

European Open Preview – Long Brexit extension looms; dollar retreats as Fed casts shadow

Posted on March 19, 2019 at 8:48 am GMT

Pound drops as Brexit angst deepens, but prospect of long extension offers ray of hope Growing Fed rate cut expectations support risky assets, weigh on dollar Crude oil continues to march higher UK House speaker vetoes third Brexit vote – long extension in scope UK politics made headlines yet again on Monday after the Speaker of the House of Commons, John Bercow, ruled out allowing the government to bring its Brexit deal to Parliament for a third time unless it [..]

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