All Articles Tagged - GBPUSD

US Open Preview – Euro, pound on the sidelines ahead of BoE and ECB rate announcements; Turkey decides on rates too

Posted on September 13, 2018 at 10:59 am GMT

Here are the latest developments in global markets: FOREX: The euro and the pound were in a quiet trade a few hours before the European Central Bank and the Bank of England make announcements on interest rates, with euro/dollar edging slightly down to 1.1610 (-0.13%) and pound/dollar consolidating around 1.3045. The Turkish central bank is also scheduled to decide on interest rates later today and unlike its European counterparts who are projected to stand pat, it is expected to lift borrowing costs to [..]

European Open Preview – Trade talk hopes weigh on dollar; BoE, ECB & Turkish central bank policy decisions eyed

Posted on September 13, 2018 at 7:48 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is slightly higher on Thursday (+0.08%), recouping some of the losses it posted in the previous session as safe-haven bets on the currency were scaled back, following news the US and China are set to hold new trade talks. The risk-sensitive aussie surged, while the loonie also advanced after Mexico’s economy minister played up the prospect of a US-Canada trade deal. Elsewhere, the euro and sterling were little changed, ahead [..]

Bank of England to hold rates as Brexit talks intensify – Forex News Preview

Posted on September 12, 2018 at 11:36 am GMT

The Bank of England will announce its latest policy decision at 11:00 GMT on Thursday after concluding its two-day meeting. After last month’s rate rise of 25 basis points, no change in policy is anticipated at the September meeting. However, analysts will be looking to see if the Bank maintains its guidance of further “gradual and limited” rate increases as UK growth picks up a gear. But with Brexit negotiations approaching a critical stage, the next hike could be months [..]

US Open Preview – Dollar trades with caution ahead of PPI; EM currencies at fresh lows as trade fears weigh

Posted on September 12, 2018 at 11:31 am GMT

Here are the latest developments in global markets: FOREX: During the early European session, the dollar was slightly weaker against the yen at 111.47 (-0.13%), while the dollar index also stood marginally lower at 95.16 (-0.09%) as investors were cautious about whether Washington will proceed with further import tariffs against China, potentially forcing Beijing to take countermeasures as well. In emerging markets, trade fears spurred a further sell-off, with the offshore Chinese yuan dropping to 2 ½ -week lows and the Indian rupee hitting fresh record troughs [..]

European Open Preview – Yen retreats as risk appetite firms; trade, EM-angst and Brexit remain in the background

Posted on September 12, 2018 at 8:03 am GMT

Here are the latest developments in global markets: FOREX: The US dollar was nearly flat against a basket of six major currencies on Wednesday (-0.03%), after posting some modest losses in the previous session. Meanwhile, the yen retreated notably on Tuesday, as risk appetite remained firm and investors rotated out of safer assets. In Canada, the loonie staged a significant comeback amid encouraging NAFTA signals from the US President and a surge in oil prices. STOCKS: US markets closed in the green on Tuesday, buoyed by [..]

US Open Preview – Brexit hopes and wage data support sterling; euro drops as China turns to WTO for US sanctions

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

Here are the latest developments in global markets: FOREX: An upbeat employment report in the UK helped pound/dollar to briefly rally toward a fresh five-week high of 1.3086 during the early European session as the data showed that average weekly earnings picked up speed to 2.6% y/y in July, surpassing the forecast of 2.4%. Excluding bonuses, British wages recorded a stronger growth as well, expanding at 2.9% compared to the 2.8% estimate and the previous mark of 2.7%. Regarding the number of people claiming unemployment benefits, [..]

European Open Preview – Barnier fuels another surge in sterling, jobs data to set currency’s intraday direction

Posted on September 11, 2018 at 7:44 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index – which measures the greenback’s performance against a basket of six major currencies – is down by 0.12% on Tuesday, extending losses from the previous session. Sterling spiked higher once again, following encouraging comments from the EU’s chief Brexit negotiator that reaching a deal within 6-8 weeks is “realistic”. Meanwhile, the yen was on the retreat amid a recovery in risk sentiment, though that may not necessarily remain the [..]

Technical Analysis – GBPUSD closes above 50-SMA; looks positive in short-term

Posted on September 11, 2018 at 6:50 am GMT

GBPUSD closed the day slightly above the 50-day simple moving average on Monday for the first time since mid-April and continued to extend higher above 1-month highs in the following session. In the short-term, the market could maintain its positive momentum as the RSI gains ground above its 50-neutral mark and the red Tenkan-sen line holds above the blue Kijun-sen line. However, according to the stochastics, the upside move might not last for long, as the green %K line and the red %D [..]

UK employment report due as sterling attempts a rebound – Forex News Preview

Posted on September 10, 2018 at 1:27 pm GMT

The British pound saw a recovery in recent days, aided by a more conciliatory tone by the EU on Brexit. While political and Brexit developments will remain front and center, having the capacity to spur sharp and unexpected movements in sterling, this week will also bring noteworthy updates on the economic front, starting with the UK employment data on Tuesday at 0830 GMT. Short bets on the British pound were scaled back over the past days, helping the battered currency [..]

US Open Preview – Euro benefits on Italian political optimism; Pound rebounds as UK GDP growth surprises

Posted on September 10, 2018 at 11:47 am GMT

Here are the latest developments in global markets: FOREX: Sterling crossed marginally below 1.2900 per dollar before better than expected GDP growth figures out of the UK drove the pair up to an intra-day high of 1.2954 amid speculation that British economy could have a good start in the third quarter despite Brexit uncertainties looming in the background. GDP growth clocked in at 0.3% in monthly terms, driving the yearly gauge up to 1.6%. Expectations were for an expansion of 0.2% month-on-month [..]

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