All Articles Tagged - GBPUSD

UK flash GDP growth to ease in Q1 2018 – Forex News Preview

Posted on April 26, 2018 at 4:20 pm GMT

Economic growth in the UK might have slowed down in the first quarter of 2018 as the heavy snowfall in February and in March kept consumers indoors, weighing on household spending. While this could be proven temporary later in the second quarter, another data miss this month could further cast doubt on whether a rate hike by the BoE next month is possible. On Friday at 0830 GMT, the Office for National Statistics is expected to show that the British [..]

US Open Preview – Euro pares losses ahead of ECB rate decision

Posted on April 26, 2018 at 11:38 am GMT

Here are the latest developments in global markets: FOREX: The dollar index continued to trade near 3 ½ -month highs reached yesterday in the early European session on Thursday as the 10-year Treasury yields remained above 3.0% for the first time in four-years, last seen at 3.02%. Dollar/yen retained strength above the 109 key-level, with easing geopolitical and trade tensions supporting the pair as well, but was slightly down on the day at 109.28 (-0.12%). Euro/dollar, posted limited gains ahead of [..]

European Open Preview – Dollar remains elevated; ECB in the spotlight

Posted on April 26, 2018 at 7:21 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index inched lower on Thursday, but by less than 0.1%, giving back some of the gains it achieved yesterday on the back of surging US bond yields. The euro was relatively steady ahead of today’s main event, the ECB’s monetary policy decision, while both the aussie and the kiwi continued to collapse. STOCKS: US markets closed slightly higher yesterday, with the exception being the Nasdaq Composite, which fell, though [..]

US Open Preview – Dollar receives further boost from US Treasury yields

Posted on April 25, 2018 at 10:48 am GMT

Here are the latest developments in global markets: FOREX: The dollar continued to receive love from US Treasury yields, with the 10-year note spiking to a fresh 3-year high of 3.02% during the early European afternoon, underpinned by concerns of rising inflation and increasing debt supply. Easing trade tensions also lifted investors’ confidence in the currency after the US President admitted on Tuesday that China and the US “have got a very good chance at making a deal”. In the [..]

European Open Preview – Dollar hovers near 4-month highs; raft of corporate earnings due

Posted on April 25, 2018 at 7:45 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is 0.2% higher today, hovering just below its four-month high posted earlier in the week, as the continued rise in longer-term US bond yields has breathed some life back into the world’s reserve currency. Both the aussie and the kiwi are 0.45% lower against the greenback, extending recent losses. STOCKS: US markets stumbled on Tuesday, pressured by concerns around rising borrowing costs, as well as discouraging signals from [..]

US Open Preview – Euro holds weak; US consumer confidence in focus

Posted on April 24, 2018 at 11:16 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was consolidating around 91.00 in the early European afternoon, its highest level reached since mid of January despite 10-year US Treasury yields retreating further below the 3.0%. Easing geopolitical and trade tensions were also supportive to the greenback as safe-havens continued to lose attractiveness, with dollar/yen crawling slightly up to a fresh 2 ½-month high of 108.90. On the other hand, euro/dollar was struggling at two-month lows, last seen [..]

European Open Preview – Dollar bulls “back on the case”; US consumer confidence due

Posted on April 24, 2018 at 7:48 am GMT

Here are the latest developments in global markets: FOREX: The US dollar traded 0.1% lower against a basket of six major currencies on Tuesday, giving back some of the notable gains it posted yesterday on the back of surging US bond yields. Despite today’s pullback, the dollar index is still trading near a three-month high. Elsewhere, kiwi/dollar fell by 0.5%, with no clear fundamental catalyst behind the decline. STOCKS: US markets closed lower yesterday, for the most part. While the Nasdaq [..]

Technical Analysis – GBPUSD steadies after steep losses; remains in sideways channel

Posted on April 24, 2018 at 6:45 am GMT

GBPUSD sank aggressively over the last five trading days following the bounce off the 22-month high of 1.4375, which it hit last week. The pair recorded a new five-week low during today’s Asian session of 1.3917. Price action is at the moment taking place not far above this bottom. The RSI has fallen into negative territory but is sloping slightly to the upside, indicating that the market could weaken a little bit in the short-term to provide further losses. Stochastics are still in oversold [..]

US Open Preview – Dollar posts fresh high as long-term Treasury yields flirt with 3.0%; European stocks down

Posted on April 23, 2018 at 11:43 am GMT

Here are the latest developments in global markets: FOREX: The dollar picked up speed as the 10-year US Treasury yield continued to trend near 3.0%, the highest since early 2014, underpinned by concerns that increasing oil prices could spread inflationary pressures, while a rise in US debt issuance was also supportive for the jump in yields. Besides that, Saturday’s news out of North Korea increased appetite for riskier investments. The North Korean leader said that he would suspend nuclear and intercontinental ballistic missiles tests ahead of a crucial meeting with [..]

European Open Preview – Rising yields bolster the dollar; eurozone flash PMIs in focus

Posted on April 23, 2018 at 7:41 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index traded higher on Monday, though by less than 0.1%, adding to the significant gains it posted on Friday on the back of rising US Treasury yields. The loonie plunged on Friday after Canada’s CPI data disappointed, while the safe-haven Japanese yen is a touch softer today, amid diminishing risks on the North Korean front. STOCKS: US markets closed lower on Friday, weighed on by a sustained rise in longer-term US bond yields. Rising [..]

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