All Articles Tagged - GBPUSD

Week Ahead – Euro looks to flash PMIs for bounce; Pound eyes UK CPI and retail sales data

Posted on May 18, 2018 at 1:01 pm GMT

As the US dollar continues to power ahead, the beleaguered euro and pound will be seeking for some reprieve from key economic indicators out of the Eurozone and the United Kingdom next week. With the US calendar being lighter in the coming seven days, the greenback may lose some steam, though the FOMC minutes could still keep the dollar bulls happy. In other data, trade figures out of Japan and New Zealand will be watched. Japanese exports eyed for Q2 [..]

US Open Preview – Canadian inflation awaited; trade talks loom in background

Posted on May 18, 2018 at 11:08 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index edged higher on Friday (-0.05%), approaching once again the 5-month high of 93.63. The greenback remains one of the best-performing currencies this week, drawing support from the surge in 10-year US Treasury yields. Dollar/yen jumped to a new 4-month high near the 111.00 handle, adding 0.17% to its performance today. Euro/dollar inched down to 1.1777 (-0.11%) and approaches the 2018 low of 1.1762. The pair is set to post the fifth [..]

European Open Preview – Trade talks back in the limelight; Canadian inflation data ahead

Posted on May 18, 2018 at 8:03 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is lower today, but by less than 0.1%, giving back some of the gains it posted yesterday. The yen is on the back foot too, declining more than 0.2% against the euro and 0.05% versus the dollar, following disappointing inflation data out of Japan overnight. STOCKS: US markets closed in the red on Thursday, weighed on by some remarks from US President Trump that he doubts the [..]

US Open Preview – US Treasury yields lead dollar versus yen to 4-month highs

Posted on May 17, 2018 at 11:20 am GMT

Here are the latest developments in global markets: FOREX: The US dollar is set to extend its gains for the fourth day in a row against the Japanese yen (+0.25%). The pair posted a fresh 4-month high of 110.73 during the early European session as the long-term US Treasury yields continued to rally, touching 3.12%, the highest level reached since 2011. The US dollar index tried to create further gains, moving higher by 0.03%. Euro/dollar fell by 0.14% so far on the day and [..]

Japanese inflation to further ease; BoJ normalization cycle not yet visible – Forex News Preview

Posted on May 17, 2018 at 9:38 am GMT

Japan’s inflation figures for the month of April are due on Thursday at 2330 GMT. The numbers are expected to show an easing in core CPI, this being the measure targeted by the Bank of Japan in its policymaking, and point towards the direction of further monetary policy divergence between the Japanese and US central banks moving forward. This of course has implications for currency markets as well. Core CPI, the measure that excludes volatile fresh food items but includes [..]

European Open Preview – Pound bounces on Brexit news; Italian politics also on the watchlist

Posted on May 17, 2018 at 7:47 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is lower on Thursday, albeit by less than 0.1%, still hovering near the five-month highs reached earlier in the week. The US currency barely rose yesterday even though the yields on longer-term US Treasuries continued to climb, reaching fresh multi-year highs. Elsewhere, sterling jumped today after a media report on Brexit suggested the UK is willing to make concessions to avoid a hard border in Ireland. STOCKS: Wall [..]

US Open Preview – Dollar index peaks at fresh 5-month highs on rising Treasury yields

Posted on May 16, 2018 at 11:30 am GMT

Here are the latest developments in global markets: FOREX: The US dollar pared some of Tuesday’s gains that were posted after a rally in US treasury yields; 10-year Treasury yields hit as high as 3.095, the highest since 2011. Dollar/yen retreated by 0.18% after it marked a new 3-month high of 110.44 on yesterday’s US session. The US dollar index was moving higher on Wednesday by 0.25%, peaking at a fresh five-month high of 93.45. Eurozone’s inflation rate remained unchanged at [..]

Pound’s slide propels FTSE 100 to near 4-month high – Index News

Posted on May 16, 2018 at 10:15 am GMT

The UK’s leading share index, the FTSE 100, has been enjoying an impressive rally since the end of March, climbing to levels last seen in January before the global equities and bond sell-off struck the markets. The gains over the past two months make the FTSE 100 the best performing share index among the major world indices, which might come as a surprise given the recent soft data out of the UK, as well as the still uncertain outlook with [..]

European Open Preview – Dollar rally gets a second wind, buoyed by rising Treasury yields

Posted on May 16, 2018 at 7:49 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is higher on Wednesday but by less than 0.1%, extending the notable gains it posted yesterday, when it advanced against all major currencies. Solid US retail sales data pushed the yields of longer-term US bonds to fresh multi-year highs, breathing a second wind into the dollar’s latest rally. STOCKS: Major US indices tumbled yesterday, as the renewed rise in US yields sapped demand for stocks. Rising borrowing costs could [..]

US Open Preview – Euro, pound turn lower as dollar enjoys gains; eyes on US retail sales

Posted on May 15, 2018 at 11:30 am GMT

Here are the latest developments in global markets: FOREX: Stronger US long-term Treasury yields continued to underpin the dollar during the early European afternoon, sending dollar/yen slightly above the 110 key-level before a slip to 109.90 (+0.23%). The US dollar index pulled back from an almost two-week peak of 92.80 touched on Monday but was set to complete a second green day in a row, last trading at 92.75 (+0.18%). The greenback will be looking for direction from US retail sales [..]

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