All Articles Tagged - GBPUSD

UK trade and production data eyed as pound approaches $1.42 – Forex News Preview

Posted on April 10, 2018 at 2:41 pm GMT

The pound was one of the best performing currencies against the US dollar in the first three months of 2018. But as the British currency basks in the growing optimism about the prospect of a favourable post-Brexit trade deal with the European Union, the renewed strength may not be good news for UK exporters, with early indications pointing to slowing manufacturing growth in the first quarter. The Office for National Statistics will publish its latest figures on industrial and manufacturing [..]

US Open Preview – Pound hits two-week highs; European stocks gain as risk-on appetite returns

Posted on April 10, 2018 at 11:38 am GMT

Here are the latest developments in global markets: FOREX: Investors continued to digest encouraging comments by the Chinese President, Xi Jinping, during the early European afternoon, driving the Chinese-linked currencies such as the kiwi and the aussie even higher. The gains appeared after Xi backed free trade and pledged to limit import tariffs, while his remarks also somewhat eased concerns over a yuan devaluation. However, a report by Bloomberg today, saying that US-China talks regarding the high-tech industry stalled last [..]

European Open Preview – Risk sentiment boosted by Xi’s speech; US PPI due

Posted on April 10, 2018 at 7:50 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 practically unchanged on Tuesday. Against the yen, the dollar was nearly 0.4% higher though, after some comments from Chinese President Xi Jinping boosted risk appetite, curbing demand for the safe-haven Japanese currency. STOCKS: US markets managed to close higher on Monday, but importantly, the major benchmarks gave back most of their earlier gains a few hours [..]

Technical Analysis – GBPUSD holds in trading range; bullish bias is expected in short term

Posted on April 10, 2018 at 6:40 am GMT

GBPUSD has been consolidating since January 12 with upper boundary the 1.4280 resistance level and lower boundary the 1.3710 support barrier. The neutral to bullish picture in the short-term looks to last a while longer as prices are still trading in the middle of the trading range. During a previous couple of sessions, the pair rebounded on the 40-day simple moving average and is trying to extend its gains to the upside. Support was met around the 1.3980 region, forcing the cable [..]

US Open Preview – Stocks rebound eases after China devaluation talk but dollar edges up

Posted on April 9, 2018 at 12:07 pm GMT

Here are the latest developments in global markets: FOREX: Trade tensions continued to dominate the market theme as the US open approached. A tweet by President Trump on Sunday raised hopes that China and the US would be able to negotiate a solution to the trade spat and went some way in lifting risk appetite in Asian trading on Monday. However, a report by Bloomberg that China is considering a gradual depreciation of the yuan knocked back risk appetite and [..]

European Open Preview – Dollar steadier after NFP miss but trade and Syria tensions weigh on sentiment

Posted on April 9, 2018 at 8:51 am GMT

Here are the latest developments in global markets: FOREX: The US dollar was attempting a rebound on Monday, climbing back above the 107 level against the Japanese yen after twice coming under pressure on Friday. A smaller-than-expected increase in March nonfarm payrolls out of the US followed heated exchanges between the US and China on trade, causing the dollar to undo its prior day’s gains when it rose to 5-week highs. However, comments by US President Donald Trump over the [..]

Week Ahead – Trade data in focus amid rising American protectionism; US inflation also eyed

Posted on April 6, 2018 at 2:27 pm GMT

Trade numbers out of China look set to attract some headlines next week as trade tensions between the United States and China heat up and show no sign of deescalating. Germany and the United Kingdom will also publish monthly trade figures, while inflation data out of the US will be another closely watched indicator in a week where the Federal Reserve will be releasing the minutes of its March policy meeting. China exports to moderate in March After China responded [..]

US Open Preview – Dollar softer ahead of US jobs report; stocks tumble again as China-US trade row deepens

Posted on April 6, 2018 at 12:28 pm GMT

Here are the latest developments in global markets: FOREX: An escalation in the trade war between the United States and China, as well as investor caution ahead of today’s US jobs report led the US dollar to give up some of its earlier advance when it hit a 5-week high against a basket of currencies. The dollar index eased to 90.40 by mid-European session, while the greenback was flat versus the yen around 107.35. The euro managed to regain some [..]

European Open Preview – Markets shrug off latest trade tensions as dollar holds firm at 5-week high

Posted on April 6, 2018 at 9:28 am GMT

Here are the latest developments in global markets: FOREX: The US dollar came under fresh selling pressure yesterday after President Donald Trump stepped up the trade war with China and threatened additional tariffs on Chinese imports. The greenback briefly dipped below the key 107 level, having hit a 5-week high of 107.49 yen earlier in the day. Market participants chose instead to focus on the strong economic fundamentals of the US and global economy and the dollar quickly recovered, with [..]

US Open Preview – Dollar extends recovery on easing trade fears; European stocks advance

Posted on April 5, 2018 at 11:25 am GMT

FOREX: The US dollar rose by 0.20% to a two-week high of 107.14 against the Japanese yen on Thursday after a late recovery by US equities. Looking ahead, Friday’s non-farm payrolls report is still a major point of focus for traders. The US dollar index moved marginally higher, edging up to 90.15. Euro/dollar pared earlier losses which drove the pair to a two-week low of 1.2248. The single currency, which is currently challenging its medium-term ascending trend line, may have to wait until the release of the NFP report to [..]

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