All Articles Tagged - GBPUSD

US Open Preview – Pound jumps on retail sales; euro gains ahead of ECB meeting minutes

Posted on May 24, 2018 at 11:23 am GMT

Here are the latest developments in global markets: FOREX: The US dollar lost more momentum after the minutes of the Federal Reserve’s last policy meeting were seen as dovish and the US President Donald Trump raised the prospect of new tariffs on imported cars similar to those introduced on steel and aluminum in March. Dollar/yen traded lower by 0.31% on Thursday, posting a 10-day low of 109.32. The US dollar index stepped back to 93.72 from its five-month high (-0.29%). Euro/dollar edged higher by 0.26%, following the pullback [..]

European Open Preview – Dollar advance halted by Fed signals; UK retail sales and ECB minutes in focus

Posted on May 24, 2018 at 7:47 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is down by 0.1% on Thursday, after the Fed minutes downplayed expectations for three more rate increases this year. Note though, that the index touched its highest level for 2018 yesterday, before the minutes triggered a pullback. The yen continued to advance, while both the euro and sterling retreated following soft economic data. STOCKS: Wall Street closed higher yesterday despite signals from the White House that more tariffs [..]

US Open Preview – Data misses push euro, pound lower; FOMC meeting minutes ahead

Posted on May 23, 2018 at 11:51 am GMT

Here are the latest developments in global markets: FOREX: The spur from optimism in US-China trade talk was weakened quickly today and the markets are trading lower. The Japanese yen surged broadly today and was trading as the strongest one against major currencies. Dollar/yen plunged by 1.12%, slipping below the 110.00 handle ahead of the FOMC minutes later in the day. However, the US dollar index moved higher by 0.27%, approaching again the 5-month high of 93.94. The Euro edged sharply lower by 1.58% versus the [..]

European Open Preview – Trump’s trade remarks sap risk appetite; EZ PMIs, UK CPI and Fed minutes on the horizon

Posted on May 23, 2018 at 7:55 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is 0.1% higher on Wednesday ahead of the release of the minutes from the May Fed meeting, building on the modest gains it posted yesterday. Meanwhile, the Japanese yen rebounded yesterday and is on the front foot today, advancing 0.5% against the dollar and 0.6% versus the euro, as some “pessimistic” comments from US President Trump on trade dispelled expectations that the recent negotiations had borne fruit. STOCKS: [..]

US Open Preview – Pound gains on BoE rate hike comments

Posted on May 22, 2018 at 11:51 am GMT

Here are the latest developments in global markets: FOREX: The US dollar eased from the 5-month high of 111.39 against the Japanese yen (-0.10%) reached on Monday on the back of rising US Treasury yields and easing US-China trade tensions. The US dollar index was on the back foot as well, losing 0.34% after a touch at 94.05, the highest level marked since December. Pound/dollar rallied initially towards 1.3454 finding support from comments made by Bank of England policymaker Gertjan Vlieghe who [..]

European Open Preview – Dollar index stalls after touching new 2018 highs; BoE testimonies in focus

Posted on May 22, 2018 at 8:07 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index, which measures the greenback’s performance against a basket of six major currencies, is trading practically unchanged on Tuesday. It briefly touched its highest levels for 2018 on Monday as trade frictions between the US and China were perceived to be diminishing, though it later gave back all its gains to end the day nearly flat. The euro remains on the back foot overall, as the political situation [..]

Technical Analysis – GBPUSD drops to lowest in 5 months; outlook still bearish

Posted on May 22, 2018 at 6:38 am GMT

GBPUSD had a deep fall during Monday’s trading period as it dropped below the narrow range of 1.3450 to 1.3600, which had been holding over the previous two weeks. The price plunged to a new five-month low of 1.3389, however, price action is at the moment taking place not far above this trough. In the daily timeframe based on technical indicators, momentum is too weak to provide a sustained move higher. The RSI indicator is flattening in the oversold level near the 30 [..]

Sterling in focus amid flurry of data, BoE speeches, and Brexit talks – Forex News Preview

Posted on May 21, 2018 at 3:30 pm GMT

This will be a decisive week for the British pound, as a raft of crucial economic data releases and remarks by BoE policymakers could make or break expectations around a potential rate increase at the August policy meeting. While economic forecasts are quite upbeat, other gauges of the UK economy are not as optimistic, which suggests that sterling may be at risk from these data releases. Brexit talks resume this week as well. The British currency has come under fire [..]

US Open Preview – Euro falls down the stairs amid political risks

Posted on May 21, 2018 at 11:31 am GMT

Here are the latest developments in global markets: FOREX: The US dollar advanced considerably versus the Japanese yen on Monday (+0.46%) after the US Treasury Secretary Steven Mnuchin said on Sunday that the US trade war with China is “on hold”. Dollar/yen created a fresh 4-month high at 111.38, while the US dollar index added 0.31% to its performance, creating a 5-month high at 94.05. Pound/dollar plunged to a 5-month low of 1.3394 (-0.46%) ahead of key data this week which [..]

European Open Preview – Risk appetite boosted as US and China call ceasefire in trade war

Posted on May 21, 2018 at 8:16 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 0.3% higher on Monday, touching a fresh high for 2018. Meanwhile, the safe-haven Japanese yen continued to lose ground, weighed on by signs that trade tensions between the US and China are easing. STOCKS: Wall Street closed lower on Friday, for the most part. While the S&P 500 and the Nasdaq Composite [..]

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