All Articles Tagged - GBPUSD

Week Ahead – After Fed, US jobs report to take centre stage; RBA next to set rates

Posted on September 28, 2018 at 11:53 am GMT

Markets will be looking to the September US jobs report for direction after a mostly unchanged dot plot chart by the FOMC this week failed to clear the fog for the 2019 rate outlook. Apart from the nonfarm payrolls report, monthly PMI readings out of China, the United Kingdom and the United States will also be important. In the central bank spectrum, the Reserve Bank of Australia will be the only major bank holding a policy meeting next week. Meanwhile, [..]

US Open Preview – Euro on slippery road; US core PCE inflation next in focus

Posted on September 28, 2018 at 11:49 am GMT

Here are the latest developments in global markets: FOREX: The dollar maintained yesterday’s impressive rally against the Japanese yen, consolidating gains around 113.34 as the US confirmed a strong 4.2% q/q GDP growth in the second quarter, the highest since Q2 2016, signaling further rate hikes in the future. Monthly US durable goods orders printed a sharper increase in August than analysts thought, adding further spark to the greenback on Thursday. The dollar index head up to 95.28 (+0.41%) as the pound and [..]

UK Conservative conference the next source of volatility for sterling – Forex News Preview

Posted on September 28, 2018 at 10:24 am GMT

All roads will lead to Birmingham on Sunday, where the UK’s ruling Conservative Party will hold its annual three-day conference to map out its political strategies. With the coming weeks being the make-or-break period for reaching a Brexit deal, sterling will likely be ultra-sensitive to any remarks around the negotiations, as well as any hints that Theresa May’s leadership could be challenged moving forward. While this conference will cover a wide range of topics, the financial community will have its [..]

European Open Preview – Dollar gains, euro tumbles; Eurozone flash inflation and US core PCE due

Posted on September 28, 2018 at 7:48 am GMT

Here are the latest developments in global markets: FOREX: The dollar is higher by 0.17% against a basket of six major currencies on Friday, extending the significant gains it recorded in the previous session. The euro, which holds the largest weight by far among those six currencies, edged lower as concerns around the Italian budget intensified. STOCKS: Wall Street roared back on Thursday, with all the major indices closing in the green, aided by gains in tech giants like Apple [..]

US Open Preview – Euro eyes Italian budget meeting; German CPI & central bank speeches awaited

Posted on September 27, 2018 at 11:29 am GMT

Here are the latest developments in global markets: FOREX: The dollar flattened around 112.72 versus the yen early in the European session, while relative to six major currencies the greenback was in a better position, gaining 0.36% on the back of a weaker euro and pound. Euro/dollar was struggling to recoup earlier losses triggered by news that the Italian budget meeting may be postponed. Following the worrying news, however, the Prime Minister’s office confirmed that discussions will be held today (see below). As for data releases [..]

European Open Preview – Dollar capitalizes on euro jitters; German inflation coming up

Posted on September 27, 2018 at 7:48 am GMT

Here are the latest developments in global markets: FOREX: The dollar index – which tracks the greenback’s performance against a basket of six major currencies– is higher by 0.35% on Thursday. This is owed mainly to weakness in the currency that has the biggest weight in this index by far, the euro, which is under pressure amid fresh worries around the Italian budget situation. The kiwi, meanwhile, responded little to the RBNZ rate decision overnight, though it is trading lower overall [..]

US Open Preview – Dollar spikes above 113 versus yen ahead of FOMC decision; kiwi awaits RBNZ rate announcement too

Posted on September 26, 2018 at 10:56 am GMT

Here are the latest developments in global markets: FOREX: Major currencies were trading in narrow ranges as traders were waiting for the FOMC policymakers to conclude their two-day policy meeting later on Wednesday with another rate hike on the cards. But more importantly they are interested to learn what are the central bank’s new economic forecasts and whether the monetary committee continues to see three rate rises for next year amid escalated trade tensions and a strongly growing US economy. Dollar/yen managed to touch 113.02, posting [..]

European Open Preview – Dollar consolidates ahead of Fed, rate guidance to drive the currency

Posted on September 26, 2018 at 7:52 am GMT

Here are the latest developments in global markets: FOREX: The dollar index is practically unchanged on Wednesday (+0.02%), ahead of the Fed decision later today (1800 GMT), where a quarter-point rate increase is seen as a done-deal. The pound moved higher, outperforming its peers amid signs that the EU is finally ready to make concessions on the Irish border. Meanwhile, kiwi/dollar bounced earlier today (+0.23%), with an RBNZ rate decision also being on the menu for today (2100 GMT). STOCKS: Wall Street [..]

US Open Preview – Pound best performer on MPC Vlieghe’s rate forecasts

Posted on September 25, 2018 at 11:17 am GMT

Here are the latest developments in global markets: FOREX: The Japanese yen remained under pressure versus the US dollar as the 10-year US government bond yields reached fresh 4 ½-year highs at 3.10%. Dollar/yen returned to 112.88 (+0.08%) after peaking as high as 112.96 early today, the highest since July 19, while the dollar index stood flat at 94.16. Following somewhat dovish comments by the ECB chief economist Peter Praet, euro/dollar dropped to a low of 1.1731 before crawling up to 1.1762 (+0.12%). [..]

European Open Preview – Euro pares Draghi-induced gains; trade, Brexit and eurozone politics eyed

Posted on September 25, 2018 at 7:48 am GMT

Here are the latest developments in global markets: FOREX: The dollar index is higher on Tuesday, albeit by less than 0.10%, looking to extend the marginal gains it posted in the previous session. Meanwhile, the euro spiked higher after ECB chief Mario Draghi struck a more upbeat tone with regards to the bloc’s economic outlook. The pound also bounced as the UK’s Brexit Secretary Raab downplayed some fears. All these came largely at the expense of the yen, which was the [..]

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