All Articles Tagged - GBPUSD

US Open Preview – Sterling bounces in quiet markets; trade updates awaited

Posted on August 29, 2018 at 11:20 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was up by 0.14% on Wednesday, drawing support from a robust reading on US consumer confidence yesterday, and looking set to snap a three-day losing streak. Against the euro, the dollar gained 0.21%, while it was practically flat against the Japanese yen. Meanwhile, the British pound was in recovery-mode, with investors seemingly brushing aside reports suggesting UK Brexit Secretary Raab is frustrated that EU chief negotiator Barnier is [..]

European Open Preview – Loonie advances amid trade optimism; updated GDP estimates due out of the US

Posted on August 29, 2018 at 7:42 am GMT

Here are the latest developments in global markets: FOREX: The dollar is higher by 0.10% against a basket of six major currencies on Wednesday. Even though the currency was on the back foot for most of the trading session on Tuesday, it managed to recover nearly all of its losses following the release of upbeat US consumer confidence data. Elsewhere, the loonie continued to advance amid optimism that a resolution to the NAFTA renegotiations may be inching closer. STOCKS: Wall Street closed higher yet [..]

US Open Preview – Dollar inches lower; all eyes on US-Canada talks

Posted on August 28, 2018 at 11:46 am GMT

Here are the latest developments in global markets: FOREX: The dollar traded 0.16% lower against a basket of six major currencies on Tuesday, erasing the modest gains it posted earlier in the session and looking set to post the third day of declines in a row. The world’s reserve currency has been under pressure lately as trade tensions appear to have eased somewhat and investors unwound some of their safe-haven bets, with some less-than-hawkish remarks from Fed chief Powell also [..]

European Open Preview – US-Mexico trade deal fuels risk appetite; dollar extends retreat

Posted on August 28, 2018 at 7:40 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was up on Tuesday, albeit by less than 0.1%, attempting to recover some of the losses it recorded yesterday as investors scaled back safe-haven bets on the currency, following headlines of a US-Mexico trade agreement. The euro capitalized on the dollar’s softness, advancing across the board on Monday, and reaching a fresh one-year high against the battered British pound. Meanwhile, the loonie climbed somewhat on the optimistic NAFTA headlines, touching a [..]

Technical Analysis – GBPUSD neutral in short-term but still bearish in medium-term

Posted on August 28, 2018 at 6:34 am GMT

GBPUSD has been moving sideways since the soft rebound on the 14-month low of 1.2660 on August 15, unable to fully recover losses made earlier this month. In the short-term, the market could maintain consolidation if the RSI keeps moving around 50 and the red Tenkan-sen line, as well as the blue Kijun-sen line, hold flat. Regarding the trend, this is likely to remain on the downside in the near-term as the 20-day simple moving average (SMA) continues to lose strength below the 50-day [..]

US Open Preview – Dollar consolidates losses; NAFTA developments eyed

Posted on August 27, 2018 at 11:38 am GMT

Here are the latest developments in global markets: FOREX: The dollar’s index against a basket of currencies remained higher on the day, though only slightly so, consolidating for the most part last week’s notable declines which largely came on the back of Trump’s Fed-hiking criticism and Fed chief Powell’s perceived-dovish message at Jackson Hole on Friday. Dollar/yen was 0.1% lower, trading roughly 40 pips below Friday’s three-week high of 111.48. Euro/dollar was marginally down. The pair pared some of its [..]

European Open Preview – Dollar slips on Powell; NAFTA agreement coming up?

Posted on August 27, 2018 at 7:43 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is marginally higher on Monday (+0.06%), recovering some of the notable losses it posted on Friday following some relatively cautious remarks from Fed Chairman Powell that left the bulls disappointed. The euro capitalized on the dollar’s weakness and recovered across the board, while conversely, the yen retreated – weighed on by the boost in risk appetite that Powell fueled. Meanwhile, the British pound remained on the back foot, amid no signs of [..]

Week Ahead – US PCE inflation, Aussie capex and Canadian GDP to highlight another muted week

Posted on August 24, 2018 at 2:34 pm GMT

As summer draws to a close, it will be another lacklustre week for economic data in the coming seven days. The biggest weight will therefore fall on PCE inflation numbers out of the US, GDP figures from Canada and Australian quarterly capital expenditure data to keep the markets alive, barring of course any fresh developments on the trade front or in the Brexit negotiations. Other notable releases will include Eurozone flash inflation estimates, Chinese manufacturing PMIs and the second reading [..]

European Open Preview – Dollar posts modest losses ahead of Powell speech; possibility of no-deal Brexit hurts pound

Posted on August 24, 2018 at 7:58 am GMT

Here are the latest developments in global markets: FOREX: The dollar was 0.2% down against six major currencies on Friday. Fed chief Powell’s speech at the Jackson Hole summit later today may act as the short-term driver determining positioning on the greenback. STOCKS: The Dow Jones, S&P 500 and Nasdaq Composite finished Thursday’s trading in the red, specifically losing 0.3%, 0.2% and 0.1% respectively. Trade angst could had contributed to the fall, though it could also be argued that there was no [..]

US Open Preview – Dollar broadly higher as Aussie remains under pressure; ECB minutes due

Posted on August 23, 2018 at 11:16 am GMT

Here are the latest developments in global markets: FOREX: The dollar’s index versus a basket of currencies continued to trade higher on Thursday and is looking set to put an end to the six-day streak of declines, its longest since February. The US currency is posting gains across the board, though excluding the Aussie, they’re not sizable in nature. Euro/dollar and pound/dollar are both lower by around 0.1%, with dollar/yen up by 0.2%, not far below the 111 handle. Flash [..]

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