All Articles Tagged - GBPUSD

European Open Preview – Dollar trades like a rollercoaster after Fed; eurozone inflation coming up

Posted on May 3, 2018 at 7:46 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index, which gauges the greenback’s strength against a basket of six major currencies, was practically unchanged on Thursday after it touched its highest level in 2018 yesterday, in the aftermath of the Fed’s policy meeting. STOCKS: US markets closed lower yesterday, following the FOMC meeting. Although stock indices spiked higher immediately on the decision, that sentiment quickly turned around and equities edged lower to finish in the red. The S&P [..]

Could UK Services PMI resurrect hopes for May rate hike? – Forex News Preview

Posted on May 2, 2018 at 1:33 pm GMT

Market odds of an interest rate rise by the Bank of England in May have fallen dramatically over the past month from over 90% to less than 20% after a run of weak UK data. BoE chief, Mark Carney, also cast doubt about the prospect of a May move in recent remarks. However, after strongly signalling a rate increase earlier in the year, the Bank may have cornered itself into raising rates as it risks losing credibility if it doesn’t [..]

Technical Analysis – GBPUSD retreats after slipping below uptrend line

Posted on May 2, 2018 at 12:38 pm GMT

GBPUSD dived over the last two weeks after the bounce off the 1.4375 resistance level, while during yesterday’s daily session the price dropped below the long-term ascending trend line, shifting the bullish outlook to bearish. However, during Wednesday’s session, the pair is paring some losses after reaching an almost 16-month low of 1.3579. The RSI has fallen into oversold territory but is sloping slightly to the upside. The stochastics are still in oversold levels, with the indicator turning slightly upwards, while the MACD supports a bearish picture since the index [..]

US Open Preview – Dollar treads water ahead of FOMC rate decision; European stocks up

Posted on May 2, 2018 at 10:55 am GMT

Here are the latest developments in global markets: FOREX: The US dollar managed to pare some losses against the Japanese yen made after it touched a 3-month high of 109.91 earlier in the day, rising to 109.83 (-0.02%). The dollar index, which gauges the greenback’s strength versus six major currencies, managed to hit a 4-month high of 92.56 on Tuesday, peaking above the 200-day moving average for the first time in a year but today the index was slightly lower at 92.36 [..]

European Open Preview – Dollar climbs ahead of Fed decision; eurozone GDP eyed as well

Posted on May 2, 2018 at 7:51 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index continued to advance yesterday, reaching a fresh four-month high ahead of a policy decision by the Fed later today. Meanwhile, sterling came under renewed selling interest as UK data continued to disappoint, while the loonie experienced a very volatile session following some comments by BoC Governor Poloz. STOCKS: US markets closed mixed yesterday. The tech-heavy Nasdaq Composite climbed 0.91%, the S&P 500 gained 0.25%, while the Dow [..]

US Open Preview – Dollar enjoys gains ahead of core PCE inflation

Posted on April 30, 2018 at 11:57 am GMT

Here are the latest developments in global markets: FOREX: The dollar index, which gauges the greenback’s strength versus six major currencies, edged up to 91.76 (+0.25%) during the early European afternoon, heading towards the 3 ½ -month high of 91.90 reached on Friday. Dollar/yen also climbed higher to touch an intra-day high of 109.29 ahead of the release of the core PCE index later today. On Wednesday, the Fed will announce its rate decision, while the famous Nonfarm payrolls will bring further volatility [..]

European Open Preview – Sterling torpedoed by soft data; German & US inflation prints due

Posted on April 30, 2018 at 7:46 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index was practically unchanged on Monday. On Friday, it pared back gains posted early in the session and closed the day almost flat as well, pressured by a similar pullback in US Treasury yields. That said, last week was still a very productive one for the dollar index overall, which rose 1.3% to reach its highest level in three-and-a-half months. Elsewhere, sterling plunged on Friday following disappointing GDP data, as investors [..]

Week Ahead –Fed, jobs report and PCE inflation eyed by dollar bulls; RBA and Eurozone GDP also in focus

Posted on April 27, 2018 at 12:30 pm GMT

The central bank theme will continue next week as the US Federal Reserve and Reserve Bank of Australia hold policy meetings. The latest nonfarm payrolls report and PCE inflation figures look set to keep the US dollar at the centre of attention for much of the week. Another keenly awaited data will be the flash GDP and CPI numbers out of the Eurozone, while PMI readings from China, the United Kingdom and the United States will also be important. RBA [..]

US Open Preview – Pound dives to 2-month lows on UK GDP growth miss; US GDP growth next

Posted on April 27, 2018 at 11:46 am GMT

Here are the latest developments in global markets: FOREX: Dollar bulls were set to win another battle for the fifth week mainly on the face of rising Treasury yields and in the absence of negative trade headlines. Geopolitical risks eased further as well after the North and South Korean leaders signed on Friday a declaration to end the war between the regions and confirmed their common prospects to denuclearize the Korean peninsula ahead of a crucial meeting between the North Korean leader and [..]

European Open Preview – Euro sinks after ECB; US & UK GDP numbers eyed

Posted on April 27, 2018 at 7:49 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is higher on Friday, but by less than 0.1%, building on the gains it posted yesterday. Meanwhile, the euro was on the back foot, after the ECB maintained a relatively cautious tone in yesterday’s policy gathering. STOCKS: US markets edged higher yesterday, as a raft of encouraging earnings releases and a pullback in US bond yields supported risk appetite. The tech-heavy Nasdaq Composite climbed by 1.64%, boosted by [..]

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