All Articles Tagged - GBPUSD

US Open Preview – Trade tensions in focus as Juncker meets Trump

Posted on July 25, 2018 at 11:10 am GMT

Here are the latest developments in global markets: FOREX: The greenback and the single European currency barely moved on Wednesday before a meeting between US President Donald Trump and European Commission President Jean-Claude Juncker. The talks come after the US imposed tariffs on EU steel and aluminum and Trump’s recent threats to extend those measures to EU-made cars. Dollar/yen continued the bearish movement and slipped by 0.05% near 111.14, while euro/dollar jumped slightly above 1.1700 (+0.08%). The US dollar index dropped by 0.13% [..]

European Open Preview – Pound rebounds as May takes over Brexit; Juncker-Trump meet

Posted on July 25, 2018 at 7:45 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is fractionally lower on Wednesday (-0.04%), after posting some marginal losses in the previous session as well. Pound/dollar is up by 0.16%, looking set to extend the gains it posted yesterday after UK PM May announced she will be taking over the Brexit negotiations personally. STOCKS: Wall Street closed mixed on Tuesday. While the Dow Jones (+0.79%) and the S&P 500 advanced (+0.48%), the tech-heavy Nasdaq Composite gave back some notable gains [..]

US Open Preview – Dollar eases ahead of US Markit PMIs

Posted on July 24, 2018 at 11:11 am GMT

Here are the latest developments in global markets: FOREX: The US dollar is showing modest losses versus most currencies. The greenback continued to weaken against the Japanese yen on Tuesday, as dollar/yen fell by 0.15%, approaching the 111.00 psychological level. The US dollar index fell marginally by 0.04%, giving back the gains that it had posted earlier in the day. Preliminary PMI survey data indicated that the eurozone economy lost momentum in July. The IHS Markit composite PMI fell to 54.3 from [..]

European Open Preview – Yen grinds higher amid BoJ speculation; eurozone PMIs in the spotlight

Posted on July 24, 2018 at 7:49 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index advanced higher on Monday, recovering some of its Trump-induced losses as a solid rise in US bond yields increased the currency’s appeal. Heightened expectations for a very strong US GDP print for Q2, due out on Friday, may have supported the move. The yen also grinded higher, as speculation continued to mount that the Bank of Japan may alter its policy in a more hawkish direction as soon as at [..]

Technical Analysis – GBPUSD dives but is still above 10-month low of 1.2960

Posted on July 24, 2018 at 6:50 am GMT

GBPUSD has been developing above the 10-month low of 1.2960 that it posted last Thursday, but with weak momentum. Moreover, the price seems to be turning negative again as it holds below the 20- and 40-simple moving averages in the daily timeframe. It is worth mentioning that the cable is still developing below the 23.6% Fibonacci retracement level of the downleg from 1.4375 to 1.2960, around 1.3290. In the short-term, the technical indicators are recommending further downside pressure. The RSI indicator is falling with [..]

US Open Preview – Euro trades flat ahead of Eurozone consumer confidence index

Posted on July 23, 2018 at 11:39 am GMT

Here are the latest developments in global markets: FOREX: The US dollar edged sharply lower over the last three straight days against the Japanese yen as the movements were based on reports the Bank of Japan (BOJ) is discussing changes to its monetary policy, including changes in interest rates and stock buying techniques. The 10-year yield in Japan climbed as much as six basis points to 0.090%, hitting the highest level since February. Dollar/yen continued the bearish move today as well, losing 0.25%. However, the US dollar index [..]

US Open Preview – Dollar reacts little on fresh trade threats; Canadian CPI & retail sales pending

Posted on July 20, 2018 at 11:34 am GMT

Here are the latest developments in global markets: FOREX: The US dollar was trading lower against the Japanese yen on Friday, though by not much, at 112.40 (-0.07%) remaining below the 1-year high of 113.15 reached on Thursday as investors kept in mind Trump’s criticism made on Thursday about higher US interest rates and a stronger dollar. Renewed US trade warnings against China today did little to move the pair (see below). The dollar index against a basket of currencies moved down by 0.05% after the bounce off the 1-year [..]

US Open Preview – Sterling plunges to fresh 10-month lows after UK retail sales disappoint

Posted on July 19, 2018 at 11:36 am GMT

Here are the latest developments in global markets: FOREX: Sterling tumbled by 0.69% against the greenback on Thursday, hitting a fresh 10-month low of 1.2970 in the wake of worse-than-expected retail sales figures out of the UK. Month-on-month retail sales dropped 0.5% in June from 1.4% in May, missing market expectations of a 0.2% gain. On a yearly basis, the index increased 2.9% versus 3.7% expected and May’s mark of 4.1%. Yet, the report revealed that quarter-on-quarter retail sales growth was [..]

European Open Preview – US dollar off highs on profit-taking; UK retail sales to be watched for rate clues

Posted on July 19, 2018 at 8:06 am GMT

Here are the latest developments in global markets: FOREX: The US dollar was off the previous day’s multi-month highs versus its major counterparts on profit-taking, although it was holding firm on the back of optimism from the Federal Reserve Chair Jerome Powell about the prospects of the US economy. The dollar looked set to retest these highs as it was receiving support from what was becoming the main scenario of two more rate hikes in the remainder of 2018. On the [..]

US Open Preview – Pound touches 10-month low after UK inflation misses forecasts; dollar unlocks fresh highs

Posted on July 18, 2018 at 11:51 am GMT

Here are the latest developments in global markets: FOREX: The US dollar extended its bullish rally against the Japanese yen towards a fresh 6-month high of 113.13, adding 0.08% to its performance on Wednesday. Markets reacted positively after the Fed Chair, Jerome Powell, gave a bullish assessment of the US economy, reducing their exposure to safer assets such as the yen. Also, the US dollar index gained 0.33% and surpassed the 95.00 handle. Sterling plummeted to 10-month lows (-0.61%) today, pausing at 1.3000 after the UK’s [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

GBPUSD

XM Live Chat