All Articles Tagged - GBPUSD

US Open Preview – Dollar climbs ahead of US CPI figures; European stocks edge up

Posted on March 13, 2018 at 12:12 pm GMT

Here are the latest developments in global markets: FOREX: Political scandals surrounding the Japanese Finance Minister regarding a discounted sale of state-owned land continued to pressure the yen during the European afternoon, sending dollar/yen to 107.60 (+0.80%) ahead of the release of US CPI figures which have the potential to alter risk appetite in the market. The dollar index edged up to 89.98 (+0.13%). Pound/dollar was moving sideways around 1.3880 (-0.12%), shrugging off remarks expressed by the EU Brexit negotiator Michel [..]

European Open Preview – Yen weakens on politics; all eyes on US inflation

Posted on March 13, 2018 at 8:47 am GMT

Here are the latest developments in global markets: FOREX: The dollar was trading higher versus a basket of currencies on Tuesday, posting notable gains against the yen in the midst of a political scandal in Japan that raises questions about the government’s ability to deliver moving forward. STOCKS: US markets were mixed yesterday. The Nasdaq Composite closed 0.4% higher, reaching another record high, but the S&P 500 and the Dow Jones fell by 0.1% and 0.6% respectively. Futures tracking the [..]

Technical Analysis – GBPUSD still in bearish correction mode; maintains weak bias in near term

Posted on March 13, 2018 at 7:35 am GMT

GBPUSD has been holding in a short-term valid descending trend line since January 25. The pair struggled below the 20 and 40 simple moving averages near 1.3900 and 1.3960 respectively. The bearish correction seems to still be in progress, however, the technical indicators are holding in a neutral territory. In the daily timeframe, the MACD oscillator jumped above its trigger line and posted a bullish crossover but is still standing below the zero line. Moreover, the RSI is flattening near the 50 level with no clear [..]

US Open Preview – Dollar little changed, awaits fresh drivers; Stoxx 600 records near 2-week high

Posted on March 12, 2018 at 12:10 pm GMT

Here are the latest developments in global markets: FOREX: The dollar was slightly higher versus a basket of currencies, recovering from losses recorded earlier in the day – the dollar index rose back above the 90 level. Dollar/yen was 0.2% lower at 106.55 amid a suspected cronyism scandal in Japan implicating Finance Minister Taro Aso. Euro/dollar and pound/dollar were little changed in anticipation of fresh catalysts. The aussie and the kiwi remained elevated versus their US counterpart, though they gave [..]

European Open Preview – Dollar falls with inflation figures the next catalyst; equities on the rise

Posted on March 12, 2018 at 8:55 am GMT

Here are the latest developments in global markets: FOREX: The dollar was losing some ground versus a basket of currencies on Monday after recording its highest since March 1 last Friday, the day February’s US employment data showed stronger-than-anticipated jobs growth. STOCKS: US markets surged on Friday on the back of the US employment report, which showed that wage growth remains subdued. The disappointing earnings figures suggest that there is little pressure on the Fed to raise rates aggressively, a factor that boosted risk [..]

US Open Preview – Dollar enjoys support from risk appetite ahead of NFP report; European stocks weaker

Posted on March 9, 2018 at 12:37 pm GMT

Here are the latest developments in global markets: FOREX: Trump’s decision to exempt the US’ close trade allies Canada and Mexico from hefty import tariffs on steel and aluminum yesterday, while leaving the door open to other countries, and the announcement that he has accepted the invitation to meet the North Korean leader, Kim Yong Un, continued to support the dollar during the European trading session. The dollar index retained its gains from yesterday, last trading at 90.24 (+0.07%), whilst dollar/yen was enjoying gains at 106.77 (+0.54%) ahead of [..]

European Open Preview – Yen falls as possible US-North Korea talks spur risk appetite; US jobs report firmly in focus

Posted on March 9, 2018 at 8:48 am GMT

Here are the latest developments in global markets: FOREX: The yen was recording significant losses versus other major currencies on the back of elevated risk sentiment spurred by a possible meeting between US President Donald Trump and North Korea’s Kim Jong Un. STOCKS: US markets closed higher on Thursday, as the imposition of “watered down” US tariffs amplified expectations that the tensions will not escalate into a trade war, but may instead remain relatively contained. The S&P 500 led the [..]

US Open Preview – Dollar waits for tariff ceremony; European stocks inch up ahead of ECB rate decision

Posted on March 8, 2018 at 12:45 pm GMT

Here are the latest developments in global markets: FOREX: The dollar index found the opportunity to crawl up to 89.81 (+0.19%) and dollar/yen climbed to 106.13 (+0.08%) in early European afternoon as investors were waiting for more details on Trump’s import tariffs and were particularly eager to hear if any countries would get exemptions. Euro/dollar traded lower at 1.2370 (-0.34%) ahead of the ECB rate announcement where any clues on the ECB’s plans to change its forward guidance on monetary policy could [..]

European Open Preview – Dollar recovers from 2-week low as trade concerns ease; ECB decision looms

Posted on March 8, 2018 at 8:52 am GMT

Here are the latest developments in global markets: FOREX: The dollar was roughly flat versus a basket of currencies after recovering somewhat from a two-week low hit on Wednesday. The recovery came on the back of abating worries over a trade war occurring, as well as optimism on the strength of the US labor market. STOCKS: US markets traded in a turbulent manner yesterday. They opened lower on trade concerns following Gary Cohn’s resignation, but managed to recover most of [..]

US Open Preview – EU warns of retaliation to US tariffs, BoC rate decision pending

Posted on March 7, 2018 at 12:41 pm GMT

Here are the latest developments in global markets: FOREX: The resignation of Trump’s economic adviser and free-trade advocate, Gary Cohn, late yesterday, spurred speculations that the President’s plans to impose hefty import tariffs on aluminum and steel were more likely than analysts previously thought. The dollar index touched a fresh two-week low at 89.40 (-0.14%) and dollar/yen continued to trade near 16-month lows reached yesterday, last seen at 105.46 (-0.46%). Pound/dollar extended losses to reach 1.3858 (-0.17%) after the EU’s Brexit guidelines stated that a future trade deal [..]

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