All Articles Tagged - GBPUSD

US Open Preview – Yen continues to retreat after BoJ; US core PCE index eyed

Posted on July 31, 2018 at 11:18 am GMT

Here are the latest developments in global markets: FOREX: The US dollar edged higher against the Japanese yen on Tuesday (+0.37%), reaching an 11-day high of 111.58, after the Bank of Japan (BOJ) tweaked its massive stimulus program to make it more flexible, but disappointed those looking for major hawkish changes. Euro/yen and pound/yen jumped by 0.57% and 0.58% respectively. The dollar index, which gauges the greenback’s strength versus six major currencies remained steady near its opening level of 94.32. Turning to the euro [..]

European Open Preview – Yen drops as BoJ delivers no fireworks; eurozone inflation and GDP growth eyed

Posted on July 31, 2018 at 7:40 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is practically unchanged on Tuesday, after it posted considerable losses in the previous session. The yen, meanwhile, fell across the board after the BoJ delivered only minor tweaks to its policy framework, disappointing those looking for a major hawkish turn (see below). The loonie also had a rather volatile time, amid conflicting NAFTA headlines. STOCKS: Wall Street closed lower yesterday, as a notable selloff in tech stocks dragged the broader [..]

Technical Analysis – GBPUSD rebounds on 10-month low but remains bearish in medium-term

Posted on July 31, 2018 at 6:41 am GMT

GBPUSD has eased a bit after its downfall from the 1.4375 resistance barrier, finding support at the 10-month low of 1.2960 on July 19. Since the previous week the price is trading slightly higher, however, it remains below the mid-level of the Bollinger Band (20-SMA) and the 40-day simple moving average (SMA). In the short-term, the neutral to bearish bias is likely to be continued as the RSI has flattened slightly below its threshold of 50 and the MACD has paused its downward move as [..]

US Open Preview – European equities and greenback lose ground; German inflation coming up

Posted on July 30, 2018 at 11:25 am GMT

Here are the latest developments in global markets: FOREX: The dollar index, which gauges the greenback against a basket of six major currencies, was trading lower by around 0.2%, with euro/dollar being up by roughly the same proportion and trading around 20 pips below the 1.17 handle. The reaction to business and consumer confidence surveys out of the eurozone was minimal, with the focus being on German inflation figures which may act as the preamble to tomorrow’s respective numbers out [..]

European Open Preview – Yen holds firm as markets await BoJ; German inflation due

Posted on July 30, 2018 at 7:39 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is practically flat on Monday after posting some modest losses in the previous session, failing to capitalize on a strong US GDP print for Q2. Meanwhile, the yen advanced on Friday, as markets positioned for the BoJ’s policy decision, scheduled for the Asian trading session on Tuesday. STOCKS: Wall Street posted considerable losses on Friday, as soft earnings releases took the wind out of the sails of major indices. The tech-heavy Nasdaq Composite fell [..]

Week Ahead – BoJ, Fed, BoE policy decisions awaited; Eurozone GDP and US jobs report also in focus

Posted on July 27, 2018 at 1:11 pm GMT

It’s going to be a big week for central banks as the Federal Reserve, the Bank of Japan and the Bank of England hold policy meetings in the next seven days. Economic data will also be at the forefront with plenty of major releases, including the US jobs report and the first look at Eurozone growth in the second quarter. However, as has been the case in recent weeks, the underlying market sentiment may be determined by US trade policy [..]

US Open Preview – Dollar modestly higher ahead of much-awaited US GDP report; European stocks in the green

Posted on July 27, 2018 at 10:39 am GMT

Here are the latest developments in global markets: FOREX: The dollar’s index against a basket of six major currencies was trading higher – though by less than 0.2% – building on Thursday’s notable rise. Dollar/yen was little changed ahead of the US report on Q2 GDP and with market participants eagerly awaiting to see whether the Bank of Japan will indeed tweak its policy framework when it completes its meeting on monetary policy on Tuesday. Euro/dollar was 0.1% down, extending [..]

European Open Preview – Euro drops on ECB optionality; US Q2 GDP on the radar

Posted on July 27, 2018 at 7:37 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index – which tracks the greenback’s performance against a basket of six major currencies – was practically unchanged on Friday, after it posted considerable gains in the previous session. The surge came as the currency with the heaviest weight in that index by far – the euro – tumbled following the ECB policy meeting. STOCKS: US markets closed mixed yesterday, as an 18.96% plunge in Facebook’s share dragged down the tech-heavy [..]

US Open Preview – ECB meeting front and center; yen bulls return

Posted on July 26, 2018 at 11:00 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was down by 0.08% on Thursday, extending the losses it posted in the previous session following the meeting between European Commission President Jean-Claude Juncker and US President Donald Trump. The two agreed to lower industrial tariffs and increase US natural gas and soybean exports to Europe. Also, they decided to harmonize regulatory standards to allow for medical devices to have better access in Europe. Dollar/yen is one of the [..]

European Open Preview – Stocks rally on US-EU accord; all eyes on ECB

Posted on July 26, 2018 at 7:43 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index – which tracks the greenback’s performance against a basket of six major currencies – is down by 0.27% on Thursday, extending the notable losses it posted in the previous session as trade tensions faded. The euro is little changed as traders await the main event of the day; the ECB policy meeting. The yen, meanwhile, is up across the board today amid continued speculation for a hawkish tilt by [..]

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