All Articles Tagged - GBPUSD

European Open Preview – Dollar rebounds ahead of key events; UK employment data eyed

Posted on May 15, 2018 at 7:48 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is nearly 0.2% higher on Tuesday, building on the gains it recorded yesterday on the back of a surge in longer-term US bond yields. The Japanese yen, which is seen as a safe haven asset, is on the back foot as trade risks have moved out of the spotlight and focus has turned to potential solutions through negotiations. STOCKS: Wall Street closed higher on Monday, though the gains were [..]

Technical Analysis – GBPUSD maintains weak in near term; broader trend is bearish

Posted on May 15, 2018 at 6:42 am GMT

GBPUSD has been underperforming in the past eight days as it has failed to post a significant day of gains or losses. The pair is consolidating slightly above the 38.2% Fibonacci retracement level of 1.3510 of the upleg from March 12 to May 15. Last Thursday, the cable recorded a fresh four-month low of 1.3459, while at the short-term picture the pair lacks a clear trend. In the daily timeframe, prices are moving sideways and based on technical indicators, momentum is too [..]

Sterling looks to UK jobs data for relief – Forex News Preview

Posted on May 14, 2018 at 1:34 pm GMT

The UK will release its employment figures for March on Tuesday, at 0830 GMT. Forecasts point to further progress in the labor market, which would likely be encouraging news for Bank of England (BoE) policymakers, who appeared quite cautious recently. A strong set of data could revive speculation for a near-term rate increase by the Bank, and perhaps help sterling to recover some of its latest losses. The British pound has taken a beating over the past month, after a [..]

US Open Preview – Euro heads higher as political noise eases

Posted on May 14, 2018 at 11:31 am GMT

Here are the latest developments in global markets: FOREX: The euro headed for a third consecutive day of gains on Monday although the dollar posted some gains as well against the yen, with investors keeping a close eye on political developments in Italy, where a coalition government may be formed earlier than expected. Euro/dollar rose to to 1.1982 (+0.33%), while dollar/yen touched 109.57 (+0.16%). The US dollar index fell to 92.29 (-0.26%), set to complete a third red day in a row. Pound/dollar rose by 0.34% ahead of Tuesday’s employment figures out of the [..]

European Open Preview – Trump extends “olive branch” to China; Italian politics monitored

Posted on May 14, 2018 at 7:52 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is lower by 0.15% on Monday, extending the losses it posted on Friday. The disappointment in the US core CPI last week appears to have taken the wind out of the greenback’s sails, with yields on 10-year US Treasuries unable to sustain a foothold above the widely-touted 3.0% level. STOCKS: US markets closed mostly higher on Friday. The Dow Jones and the S&P 500 rose by 0.37% and 0.17% respectively [..]

Week Ahead – Japanese GDP and US retail sales to be main highlights; Aussie and UK jobs also eyed

Posted on May 11, 2018 at 1:12 pm GMT

With the Bank of England completing the round of central bank meetings for the Spring, economic data will move to the forefront next week. The highlights will come from Japan’s GDP readings for the first quarter and retail sales figures out of the United States. Inflation will also be in focus as Japan, Canada and the Eurozone publish CPI numbers, while employment reports out of Australia and the United Kingdom will also attract attention. First glimpse at Japanese Q1 growth [..]

US Open Preview – Dollar ticks lower; Canadian jobs data in sight

Posted on May 11, 2018 at 11:02 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index edged lower on Friday (-0.17%), extending losses from Thursday on the back of disappointing US inflation data. Dollar/yen was down 0.09%, with little in the way of news or developments to guide price action. Euro/dollar inched up to 1.1943 (+0.24%), while pound/dollar touched 1.3570 (+0.39%), with the latter licking its wounds following a sharp decline on Thursday, after the Bank of England appeared cautious about near-term rate [..]

European Open Preview – Cautious BoE sends the pound tumbling; Canadian jobs data on the horizon

Posted on May 11, 2018 at 7:39 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, traded 0.1% higher on Friday, recouping some of the losses it posted on Thursday following weaker-than-anticipated US inflation data. The British pound recorded hefty losses on Thursday too, after the BoE played down expectations for a near-term rate increase. STOCKS: Wall Street raced higher yesterday, after disappointing US inflation figures calmed the nerves of investors worried that the Fed may raise [..]

European Open Preview – Kiwi tumbles; BoE decision and US inflation in focus

Posted on May 10, 2018 at 7:46 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index was practically flat on Thursday, ahead of the release of the US CPI data for April at 1230 GMT. Kiwi/dollar plunged nearly 1.0% overnight, after the RBNZ kept its policy unchanged but shifted to a more dovish bias, keeping the possibility of a rate cut on the table. Sterling/dollar traded 0.2% higher, as investors awaited the BoE’s rate decision today at 1100 GMT. STOCKS: Wall Street closed higher [..]

US Open Preview – Safe havens gain little despite rising Iran-US tensions; RBNZ rate decision next

Posted on May 9, 2018 at 11:07 am GMT

Here are the latest developments in global markets: FOREX: Safe-haven currencies did not gain much after Trump announced the withdrawal of the US from the 2015 Iran nuclear deal and expressed his plans to impose stricter sanctions on the country. Although investors were worried that political tensions between Europe, the US, and the Middle East could escalate, they did not increase their stakes on safe-haven investments much. Instead, they remained optimistic on the dollar as they are widely expecting the Fed to proceed with further monetary tightening later this [..]

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