All Articles Tagged - GBPUSD

European Open Preview – Markets recover on hopes for trade negotiations; UK services PMI and US trade data due

Posted on April 5, 2018 at 7:39 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index traded 0.1% higher on Thursday. Against the yen, the dollar was up nearly 0.25% as concerns of an imminent trade war subsided, diverting flows out of the Japanese currency, which is considered a safe-haven asset. STOCKS: US markets closed higher yesterday, managing to recoup earlier losses following comments from US National Economic Advisor Larry Kudlow that helped to calm the nerves of investors worried about a potential trade [..]

US Open Preview – Yen rallies as China unleashes new tariffs on US

Posted on April 4, 2018 at 10:56 am GMT

FOREX: The US dollar index – which measures the greenback’s performance against six major currencies – dipped by 0.17% on Wednesday and safe-havens jumped once again after China took further trade retaliatory measures against the US today, imposing a 25% import tariff on key US products. Dollar/yen dropped to a session low of 105.98 before it inched up to 106.09, losing 0.43% on the day. Euro/dollar was trading higher by 0.08% during today’s European session and was last seen slightly below the 1.2300 psychological [..]

European Open Preview – Risk appetite recovers despite US tariff news; eurozone inflation in focus

Posted on April 4, 2018 at 7:37 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index was practically unchanged on Wednesday, consolidating after it posted some notable gains yesterday amid a recovery in risk sentiment and a surge in longer-dated US Treasury yields. Kiwi/dollar was among the prime winners today, gaining 0.35%. The loonie surged yesterday as well, on the back of optimism that a NAFTA deal may be reached soon. STOCKS: US markets recovered sharply, helped by a combination of diminishing risks surrounding [..]

UK PMIs to stoke May hike odds by the Bank of England? – Forex News Preview

Posted on April 3, 2018 at 2:38 pm GMT

The UK will see the release of March PMI figures for the construction and services sectors on Wednesday and Thursday respectively, both at 0830 GMT. The figures, especially the one for the dominant-for-the-UK-economy services sector, have the capacity to steer the probability of an interest rate hike by the Bank of England when it next meets in May, consequently leading to movements in sterling pairs. The upcoming Markit/CIPS construction PMI reading is anticipated to stand at 50.8 and the one [..]

US Open Preview – European stocks tumble, dollar stalls as trade worries persist

Posted on April 3, 2018 at 11:16 am GMT

Here are the latest developments in global markets: FOREX: The US dollar traded higher against the Japanese yen by 0.24% after three days of declines. However, the dollar index – which measures the greenback’s performance against six major currencies – fell by 0.10% on Tuesday, and is currently hovering just below the 90.00 handle. Euro/dollar was trading higher by 0.11% during today’s European session, standing marginally above the 1.2300 psychological level. Sterling advanced by 0.17% versus the greenback, hovering around its [..]

Technical Analysis – GBPUSD pares some losses; remains above 20- and 40-day SMAs

Posted on April 3, 2018 at 7:24 am GMT

GBPUSD is trading marginally higher over the last couple of days following the rebound from the 1.4000 strong psychological level, which holds near the 20-day simple moving average (SMA). This week, cable is paring some of the previous week’s losses and is shifting the tendency back to bullish. Having a look at the medium-term timeframe, the pair has been developing within an ascending tendency since March 2017 after touching the 1.2100 significant level. Technically, the momentum indicators are confirming the recent upside potential move. [..]

US Open Preview – Dollar inches down as trade woes linger; US data & RBA decision eyed

Posted on April 2, 2018 at 11:22 am GMT

Here are the latest developments in global markets: FOREX: The US dollar held steady versus the Japanese yen today (+0.04%), taking a breather after last week’s rally. The US dollar index fell by 0.28% though, currently hovering just below the 90.00 handle. Traders are awaiting the US labor market data on Friday, which are expected to show a drop in the unemployment rate to its lowest level since 2000. Moreover, investors will keep their focus on any news regarding trade and protectionism, [..]

European Open Preview – Equities soften as China retaliates; US ISM manufacturing PMI pending

Posted on April 2, 2018 at 8:01 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was nearly 0.2% lower on Monday to start the new quarter, amid continued concerns over a US-China trade dispute escalating following the latest tariffs by China, due to take effect today. The British pound was on the front foot, gaining against both the dollar and the euro, extending the significant gains it posted in the first quarter amid a reduction in Brexit uncertainties. STOCK: US markets remained closed on Friday, [..]

Week Ahead – US jobs and eurozone flash inflation take center stage amid other releases and RBA meeting

Posted on March 30, 2018 at 2:41 pm GMT

The upcoming week is set to be busier relative to the past one in terms of economic releases, featuring among others what is arguably the most significant release out of the US since the global financial crisis, namely the country’s jobs report. Eurozone preliminary inflation figures for March is another data set that will be closely watched by market participants, while the Reserve Bank of Australia will be holding a meeting on monetary policy. RBA set to remain on hold [..]

US Open Preview – Markets consolidate amid thin liquidity conditions

Posted on March 30, 2018 at 10:46 am GMT

Here are the latest developments in global markets: FOREX: The dollar was slightly lower against its major peers on Friday, ahead of the new quarter. The dollar index fell by 0.3% today, while it dropped more than 2% in the first quarter of 2018, its fifth consecutive quarter of declines. Dollar/yen declined by 0.26% in the day and remains slightly above the 106.00 handle. Euro/dollar and pound/dollar recovered some of the previous days’ losses, rising by 0.21% and 0.33% respectively. Antipodean currencies traded [..]

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