All Articles Tagged - GBPUSD

European Open Preview – Dollar consolidates losses; UK jobs data in focus

Posted on October 16, 2018 at 7:49 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was fractionally higher early on Tuesday (+0.06%), attempting to recover some of the losses it posted in the previous session. Meanwhile, the yen is losing ground across the board, as a rebound in risk appetite seems to be diverting funds out of the safe-haven currency. Elsewhere, the loonie advanced despite lower oil prices, after an upbeat survey by the BoC sealed the deal for a rate hike next week [..]

Technical Analysis – GBPUSD closes downside gap; neutral-to-bullish in short term

Posted on October 16, 2018 at 7:08 am GMT

GBPUSD managed to close Monday’s downside opening gap, rallying back above the 1.3100 handle. The MACD has flattened slightly above its red signal line and in positive territory, while the RSI has somewhat improved but continues to hold near its 50-neutral mark, both suggesting a neutral-to-positive bias in the short-term. Trend signals are also positive as far as the 20-day (simple) moving average (MA) continues to increase its distance above the 50-day MA and the price trades above the Ichimoku cloud. An [..]

UK jobs data in focus as crucial EU summit looms – Forex News Preview

Posted on October 15, 2018 at 2:30 pm GMT

With optimism around a Brexit deal being wrapped up this week receding, markets could turn their attention back to economic data on Tuesday at 0830 GMT, when the UK will release its latest employment figures. After that, sterling’s fortunes will likely be tied to how the crucial EU summit commencing on Wednesday plays out, and whether investors are left with the impression that a deal may be finalized in November, or not. Hopes that a Brexit deal would be reached [..]

US Open Preview – Pound bounces up as geopolitics weigh on dollar; gold rallies to 3-month highs

Posted on October 15, 2018 at 12:06 pm GMT

Here are the latest developments in global markets: FOREX: After starting the day with a gap down at 1.3082, pound/dollar managed to turn positive during the early European session, rallying to 1.3170 (+0.12%) mainly due to a weaker dollar. Brexit uncertainties continued to linger in the background as the talks between Brexit negotiators failed to break the Irish deadlock on Sunday, though some officials showed optimism that a deal could be agreed in coming weeks. The yen attracted further demand in the [..]

European Open Preview – Sterling gaps down as Brexit talks are “paused”; US retail sales due

Posted on October 15, 2018 at 7:48 am GMT

Here are the latest developments in global markets: FOREX: The dollar is marginally higher on Monday against a basket of six major currencies (+0.07%), extending the gains it recorded in the previous session. The safe-haven Japanese yen is the best performer among the G10 currencies, as a diplomatic rift between the US and Saudi Arabia is seemingly keeping investors on the defensive. Elsewhere, the British pound opened with a gap to the downside, after the EU and UK were reported to [..]

Week Ahead – All eyes on China GDP amid equities rout; Crunch time for Brexit talks

Posted on October 12, 2018 at 11:47 am GMT

As rising US yields and ongoing trade tensions fuel concerns about the global growth outlook, GDP numbers out of China will be the main highlight of the coming week. There will be plenty of other important data too as attention turns to monthly jobs, inflation and retail sales figures, with most major economies reporting over the next seven days. Brexit will continue to bombard the market headlines as UK and EU leaders will try to resolve any remaining issues in [..]

US Open Preview – Euro, pound erase gains; equities take off as risk-off recedes

Posted on October 12, 2018 at 11:45 am GMT

Here are the latest developments in global markets: FOREX: Dollar/yen moved off one-month lows, trading marginally up at 112.32 (+0.13%) as US 10-year Treasury yields slightly rebounded despite US President’s criticism on monetary policy and as risk aversion eased. Trade fears also somewhat calmed down after Chinese exports in September surprised analysts, showing a double-digit growth of 14.5% y/y, the highest since February, while imports appeared weaker than expected. News that the US and the Chinese President could hold a meeting in November and headlines [..]

European Open Preview – Equity selloff continues, but shows signs of abating

Posted on October 12, 2018 at 7:41 am GMT

Here are the latest developments in global markets: FOREX: The dollar index is practically flat on Friday, licking its wounds following considerable losses in the previous session, which were largely owed to a pullback in US Treasury yields. The euro capitalized on this weakness, gaining ground almost across the board even as the Italian budget drama continues to lurk in the background. The yen, meanwhile, was weaker than one would have expected considering the recent market turmoil. STOCKS: Wall Street indices extended [..]

US Open Preview – Dollar cautious ahead of US CPI; Europe joins in global stock sell-off

Posted on October 11, 2018 at 11:14 am GMT

Here are the latest developments in global markets: FOREX: Dollar/yen was barely moving around 112.22 after dropping to 111.95 early on Thursday as US 10-year Treasury yields weakened to 3.15% from 3.24% on Wednesday. Trade worries were also weighing on investors appetite despite China’s Commerce Ministry saying Beijing is open for dialogue with Washington. US CPI figures later today could bring fresh waves of volatility to the greenback (see below). The dollar index was struggling too at 95.32 (-0.20%) on the [..]

European Open Preview – Stocks crash as risk aversion reigns; US CPI and ECB minutes eyed

Posted on October 11, 2018 at 7:52 am GMT

Here are the latest developments in global markets: FOREX: The dollar was down by almost 0.2% against a basket of six major currencies on Thursday, extending losses from the previous session. The yen was the best performer, advancing against all its major peers as risk aversion took hold, amid sustained worries around the trade outlook and elevated bond yields. Meanwhile, commodity currencies were hammered lower in this environment, with the loonie being caught in the eye of the storm as oil [..]

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