All Articles Tagged - GBPUSD

European Open Preview – Risk appetite recovers amid trade optimism; Canadian inflation eyed

Posted on August 17, 2018 at 7:36 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is lower by a modest 0.11% on Friday, extending some of the losses it recorded in the previous session, pressured by a recovery in broader risk sentiment. Likewise, the Japanese yen retreated across the board yesterday as well. Meanwhile, the British pound still hovers near its recent multi-month lows, largely unable to draw support from strong UK data yesterday, as the uncertainty stemming from the Brexit negotiations is casting [..]

US Open Preview – Pound shrugs off stronger retail sales as Brexit talks resume

Posted on August 16, 2018 at 11:15 am GMT

Here are the latest developments in global markets: FOREX: Investors continued to look for riskier assets early in the European session on hopes that US-Sino trade tensions could deescalate following Beijing’s willingness to hold trade talks with the US later in August. Dollar/yen inched up to 110.90 (+0.15%), while the dollar index which gauges the greenback’s strength against six major currencies turned slightly lower to 96.59 (-0.11%) as trade hopes shifted some demand towards the euro. Still, trade stats out [..]

European Open Preview – Hopes for US-China trade negotiations boost sentiment; Brexit talks and key data on the agenda

Posted on August 16, 2018 at 7:46 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is lower by a little over 0.2% on Thursday, pulling back after touching a new 13-month high in the previous session, aided by risk aversion and encouraging US retail sales prints. The Japanese yen is also on the retreat, after news that the US and China will hold another round of trade talks in late August curbed demand for haven assets. STOCKS: Wall Street closed in the red on Wednesday, as [..]

US Open Preview – Pound finds support as UK unemployment rate declines; Australian wage growth in focus

Posted on August 14, 2018 at 11:33 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index, which measures the dollar’s strength against six major currencies, declined by 0.13%, while dollar/yen inched up by 0.23%, trading near the 111.00 psychological level. Euro/dollar started the day in the green but quickly dropped its gains and is down by 0.07% on the day despite an unexpected upward revision in Eurozone Q2 GDP growth estimates. Pound/dollar managed to rebound after the UK’s unemployment rate surprisingly fell to 4.0%, while analysts anticipated the rate to stand [..]

European Open Preview – Risk aversion fades as Turkey jitters take back seat; UK employment data in focus

Posted on August 14, 2018 at 7:40 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is nearly 0.2% lower on Tuesday, looking set to extend the modest losses it recorded yesterday. The safe-haven Japanese yen is also on the back foot, as the risk-aversion emanating from Turkey subsided somewhat, for now at least. Conversely, the euro and pound are a little higher, attempting to recover some of their latest losses. The Turkish lira – which has been at the epicenter of attention lately – [..]

Technical Analysis – GBPUSD pares some losses after hitting 13-month low

Posted on August 14, 2018 at 6:35 am GMT

GBPUSD eases slightly to the upside after the aggressive falling mode posted in the preceding five weeks. The cable recorded an almost 13-month low of 1.2722 and the rally brought the price below the 20- and 40-simple moving averages (SMAs) and near the lower Bollinger Band in the daily timeframe. However, the technical indicators are suggesting for a possible upside correction. From the technical point of view, the RSI indicator is moving slightly higher but below the 30 mark in the oversold [..]

Shaky pound turns its gaze to key data for relief as Brexit talks loom – Forex News Preview

Posted on August 13, 2018 at 1:17 pm GMT

This week will bring a raft of key data points out of the UK, including employment, inflation, and retail sales releases. Forecasts point to figures that are likely to confirm the UK economy remains on a solid footing. While a set of decent prints could help trigger a relief bounce in sterling, any rallies in the currency may remain relatively short-lived, at least until there are some signs of progress in the Brexit talks – which are set to resume [..]

US Open Preview – Euro holds at 13-month lows despite Turkish central bank measures; Chinese industrial production in focus

Posted on August 13, 2018 at 11:55 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index was little changed on Monday (+0.07%), while dollar/yen headed lower by 0.50%, completing a six-week low at 110.10 as political tensions between the US and Turkey enhanced interest for safer assets. Euro/dollar remained negative, last seen at 1.1385 (-0.23%) after it opened with a gap down today following Friday’s strong sell-off. The pair posted a 13-month trough as a slide in the Turkish lira sparked fears that Turkish borrowers could fail to submit loan payments [..]

European Open Preview – Yen advances as Turkish turmoil intensifies

Posted on August 13, 2018 at 8:02 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is practically unchanged on Monday, after touching its highest level in more than a year on Friday. The haven-perceived yen is the strongest among its peers today, benefiting from concerns over the situation in Turkey and its potential repercussions. The euro and sterling, meanwhile, are both on the back foot. As for the Turkish lira, it touched a new all-time low of 7.21 per dollar earlier today. [..]

US Open Preview – Euro struggles at 1-year lows amid political noise; US CPI inflation next in focus

Posted on August 10, 2018 at 11:32 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index, which measures the dollar’s strength against a basket of six major currencies, headed higher by 0.55% on Friday, while dollar/yen fell by 0.08% below the 111.00 handle as demand for safe havens and upbeat Japanese flash Q2 GDP growth figures provided support to the yen. The euro dropped to the weakest level in a year, probably on the ECB’s concerns that the plunge in the Turkish lira could expose Eurozone [..]

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