All Articles Tagged - GBPUSD

UK CPIs the first of several risk events for sterling this week – Forex News Preview

Posted on March 19, 2018 at 1:17 pm GMT

It is going to be a crucial week for the British pound, with a Bank of England (BoE) policy decision on Thursday and an EU summit that will determine whether the UK will finally obtain a transitional Brexit deal. Ahead of these events though, the UK will also release a raft of key economic data that could affect expectations around monetary policy, with the first on the list being the nation’s CPI figures for February, due out on Tuesday at [..]

US Open Preview – Euro, pound post strong rally; European equities open lower

Posted on March 19, 2018 at 12:59 pm GMT

Here are the latest developments in global markets: FOREX: The US dollar index outperformed on the day against a basket of currencies, falling to 89.97 (-0.22%) as the euro and the pound strengthened. Dollar/yen was gaining positive momentum in the face of uncertainties surrounding the Japanese finance minister and ahead of the FOMC rate decision on Wednesday, with the pair climbing to 106.30 (+0.21%). Euro/dollar recouped Friday’s losses rallying to 1.2324 (+0.13%) after Reuters sources reported that the ECB has shifted focus from [..]

European Open Preview – Japanese politics boost the yen; G20 gathering kicks off busy week

Posted on March 19, 2018 at 8:56 am GMT

Here are the latest developments in global markets: FOREX: The US currency traded less than 0.1% higher versus a basket of currencies on Monday, though it was losing ground versus the yen as those promoting weaker-yen policies were seen as losing public support in Japan. STOCKS: US markets closed mostly higher on Friday, with the Dow Jones and the S&P 500 advancing by 0.3% and 0.2% respectively, while the Nasdaq Composite was practically flat on the day. Futures tracking the Dow, [..]

Week Ahead – All eyes on FOMC projections; Pound in spotlight as UK data, BoE awaited

Posted on March 16, 2018 at 3:02 pm GMT

It will be a crucial week for the greenback and sterling next week as the Federal Reserve and Bank of England meet to decide on monetary policy. It will also be an important week for the UK in terms of data as inflation, jobs and retail sales figures are released. Employment numbers are expected out of Australia too and Canada will be reporting inflation and retail sales figures as well. In the Eurozone, the focus will be on the March [..]

US Open Preview – Safe havens advance on political risks; European equities inch up

Posted on March 16, 2018 at 12:27 pm GMT

Here are the latest developments in global markets: FOREX: Safe-haven currencies continued to benefit from risk aversion, with dollar/yen diving below the 106 key level near one-week lows, last trading at 105.64 (-0.65%). From the one hand, political turmoil in the US was pressuring the dollar after the Washington Post newspaper reported yesterday that the US President has decided to fire his national security adviser, H.R McMaster and was discussing further potential replacements. On the other hand, demand for the [..]

European Open Preview – Yen gains as US political uncertainty intensifies

Posted on March 16, 2018 at 8:43 am GMT

Here are the latest developments in global markets: FOREX: The dollar traded lower against a basket of currencies on Wednesday on the back of reports suggesting that the White House personnel shakeup would continue. The safe-haven perceived yen was the biggest beneficiary from these reports. STOCKS: US markets ended mixed yesterday, as political uncertainty and protectionist concerns continued to suppress risk appetite. Reportedly, Special Counsel Robert Mueller ordered the Trump organization to hand over documents related to the Russian investigation, [..]

US Open Preview – Yen holds strong amid trade concerns; European stocks open higher

Posted on March 15, 2018 at 12:21 pm GMT

Here are the latest developments in global markets: FOREX: Dollar/yen hovered near one-week lows, last trading at 105.90 (-0.35%) as investors continued to look for safer assets amid worries that the incoming US economic adviser, Larry Kudlow, who previously criticized US-China trade relations could back Trump’s plans to impose further import tariffs to China. This comes ahead of a crucial G20 meeting next week where world leaders are expected to denounce unfair trade practices. Pound/dollar extended losses towards 1.3928 (-0.14%) [..]

European Open Preview – Dollar falls versus yen with trade worries back in the forefront; SNB & Norges Bank decisions eyed

Posted on March 15, 2018 at 8:28 am GMT

Here are the latest developments in global markets: FOREX: The dollar was roughly flat versus a basket of currencies on Thursday, though it was losing ground versus the safe-haven perceived yen as risk sentiment was dented on worries over rising trade tensions. Elsewhere, the kiwi came under pressure after New Zealand’s growth numbers fell short of forecasts. STOCKS: US markets closed lower yesterday, as concerns over the possibility of a trade war with China continued to undermine risk appetite. The [..]

US Open Preview – Euro retreats after Draghi’s dovish remarks; New Zealand GDP growth in focus

Posted on March 14, 2018 at 12:12 pm GMT

Here are the latest developments in global markets: FOREX: The dollar index managed to erase part of yesterday’s losses during early European afternoon, inching up to 89.79 (+0.12%) despite the political chaos in the White House and renewed concerns over an escalation in US-China trade relations ahead of a crucial G20 meeting next week where leaders are expected to criticize unfair trade practices. In response to rhetorics that Trump was planning to impose further import tariffs on China, the latter [..]

European Open Preview – Dollar falls after yet another Trump team shakeup; US data and trade concerns in focus

Posted on March 14, 2018 at 8:51 am GMT

Here are the latest developments in global markets: FOREX: The dollar was little changed versus a basket of currencies on Wednesday after retreating following the departure of Rex Tillerson from the position of US Secretary of State on Tuesday. STOCKS: US markets closed lower yesterday, as news that US Secretary of State Rex Tillerson had been fired increased political uncertainty, and reports that the US is preparing new tariffs against China curbed risk appetite. The Nasdaq Composite led the way [..]

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