All Articles Tagged - GBPUSD

US Open Preview – Dollar index gives up gains; euro, pound up

Posted on July 3, 2018 at 11:52 am GMT

Here are the latest developments in global markets: FOREX: Ahead of the Independence Day celebration in the US on Wednesday and the FOMC meeting minutes on Thursday, dollar/yen paused at 110.87 (-0.01%) early in the European session, while the dollar index which gauges the greenback’s strength against a basket of six major currencies was weaker at 94.67 (-0.37%) as the euro and the pound were attracting some interest. Euro/dollar fully recovered yesterday’s losses as the leading coalition parties in Germany managed on Monday to break [..]

Sterling to seek support from UK services PMI as Brexit concerns mount – Forex News Preview

Posted on July 3, 2018 at 9:52 am GMT

The UK services PMI – a gauge of service sector activity – will be watched closely by investors on Wednesday at 8:30 GMT to assess the health of the UK economy. The report from IHS Markit/CIPS is expected to show growth in the dominant services sector holding steady in June. However, a solid reading is unlikely to provide much support for the pound, which has slumped to 8-month lows in recent days amid growing doubts about the UK government’s Brexit [..]

European Open Preview – Euro cheers German deal, awaits producer price & retail sales data

Posted on July 3, 2018 at 7:59 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is down by 0.24% on Tuesday, giving back some of the gains it posted in the previous session. The euro rebounded somewhat following news that the German political deadlock had been solved, while the aussie gained in the aftermath of the RBA’s policy meeting. STOCKS:US markets managed to erase earlier losses and close higher on Monday, boosted by a rally in technology stocks. The tech-heavy Nasdaq Composite gained 0.76%, while [..]

Technical Analysis – GBPUSD remains in bearish mode; struggles below 50.0% Fibonacci

Posted on July 3, 2018 at 6:35 am GMT

GBPUSD started the week in negative territory and slipped below the 50.0% Fibonacci retracement level of the upleg from 1.2100 to 1.4375, around 1.3180. The price has been extending its bearish bias after the touch on the 1.4375 resistance on April 17. Since then, the cable continues the downward movement, shifting the bullish outlook to bearish. Short-term momentum indicators are holding below their neutral levels. The MACD oscillator stands near its red-trigger line with weak momentum, while the Relative Strength Index [..]

US Open Preview – Equities retreat amid risk-off tones; aussie softens ahead of RBA decision

Posted on July 2, 2018 at 11:26 am GMT

Here are the latest developments in global markets: FOREX: Dollar/yen traded at 110.75 (+0.08%) on Monday, giving back most of the gains it posted earlier in the session when it briefly touched a one-month high of 111.05, with the yen failing to capitalize substantially on the broader risk-off mood seen in other asset classes, like equities. Meanwhile, the dollar index was up by 0.15% at 94.77. Euro/dollar was down by 0.35%, hovering just above 1.1640 as concerns of a political crisis [..]

European Open Preview – Euro pares gains as German political turbulence persists; dollar eyes ISM manufacturing PMI

Posted on July 2, 2018 at 8:21 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 higher by 0.2% on Monday. The euro was a touch softer as German political uncertainties remained a key theme. The loonie was also on the defensive amid a drop in oil prices, giving back some of the gains it posted on Friday following strong data releases. STOCKS: US markets closed higher on [..]

Week Ahead – Resilient dollar looks at US jobs report for new highs; UK PMIs and RBA in focus too

Posted on June 29, 2018 at 3:21 pm GMT

The US jobs report for June will be the highlight of the coming week as the greenback remains unscathed from the rising trade tensions. Canada will also publish employment numbers, while PMI releases in the UK and the US will be watched too, along with the Bank of Japan’s quarterly Tankan survey. In the world of central banks, policy meetings by the Reserve Bank of Australia and Sweden’s Riksbank will be making the headlines. Mixed outlook expected from BoJ Tankan [..]

US Open Preview – Stocks post relief rally after EU deal; US inflation data still to come

Posted on June 29, 2018 at 11:45 am GMT

Here are the latest developments in global markets: FOREX: The euro surged early on Friday following news that the 28 European Union leaders agreed on a migration deal overnight, driving euro/dollar towards an intraday high of 1.1666 (+0.68%). Also, in terms of economic data, the Eurozone preliminary CPI jumped to 2.0% in yearly terms as expected, from 1.9% previously. Euro/yen climbed by 0.68% to 128.66, posting a two-week high. Dollar/yen jumped to a two-week high as well of 110.78, adding 0.05% to its [..]

European Open Preview – Euro rebounds on EU migration deal; US core PCE price index awaited

Posted on June 29, 2018 at 8:05 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is down by 0.5% on Friday, as the currency with the biggest weight in that index – the euro – is advancing after EU leaders reached a deal on immigration overnight, dispelling some political uncertainty. The safe-haven Japanese yen is on the retreat, as the positive tones from the EU summit and the lack of any concerning trade news boosted risk appetite. STOCKS: US markets closed in [..]

European Open Preview – Dollar races higher; EU Summit to prove crucial for Merkel’s government

Posted on June 28, 2018 at 7:49 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is roughly 0.1% higher on Thursday, extending its gains from the previous session and trading just below an eleven-month high. Meanwhile, both the euro and sterling are on the defensive. The kiwi came under renewed selling interest after the RBNZ kept the option of a rate cut on the table. STOCKS: US markets closed lower on Wednesday, giving back earlier gains. The drop came after White House [..]

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