All Articles Tagged - GBPUSD

European Open Preview – Dollar falls as trade war fears rise; Bank of Canada decision eyed

Posted on March 7, 2018 at 8:52 am GMT

Here are the latest developments in global markets: FOREX: The dollar was recording losses versus a basket of currencies, falling to its lowest in two weeks, as fears over as potential trade war were rekindled following the resignation of US President Trump’s top economic advisor, a free trade proponent. STOCKS: US markets managed to close higher yesterday, with the Nasdaq Composite gaining 0.6%, the S&P 500 climbing 0.3%, and the Dow Jones rising, though only marginally so. However, a few [..]

US Open Preview – Dollar climbs as North Korea considers denuclearization; European stocks rise further

Posted on March 6, 2018 at 1:03 pm GMT

Here are the latest developments in global markets: FOREX: Dollar/yen rallied significantly towards 106.34 (+0.13%) during early European afternoon, reversing earlier losses on news that North Korea was willing to begin negotiations with the US and abandon its nuclear program if regime’s safety is guaranteed according to South Korean officials. Sources also stated that the South and North Korean leaders will meet for a summit at the end of April along the border. The dollar index, though, dived to 89.72 (-0.45%) [..]

European Open Preview – Dollar little changed as equities rebound; trade considerations still in focus

Posted on March 6, 2018 at 8:50 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was slightly down on Tuesday after gaining less than 0.2% on Monday, in an environment where concerns for a trade war following the Trump administration’s decision to impose tariffs on imported steel and aluminum were easing. STOCKS: US markets closed markedly higher yesterday, recovering some of their latest losses, as concerns over a potential trade war receded somewhat. The gains came after US House Speaker Paul Ryan urged [..]

Technical Analysis – GBPUSD bearish correction mode holds; indicators endorse further losses

Posted on March 6, 2018 at 7:32 am GMT

GBPUSD completed three green trading days in a row, while during today’s European session is moving marginally lower. The price is capped by the 20 and 40 simple moving averages in the daily timeframe, but it jumped above the 23.6% Fibonacci retracement level at 1.3810 of the upleg with the low of 1.2120 and the high of 1.4345. Having a look on the short-term indicators, the bearish correction remains in focus as both are endorsing the downside movement. The MACD [..]

US Open Preview – Euro continues to struggle amid Italian political risks; European stocks rise

Posted on March 5, 2018 at 12:54 pm GMT

Here are the latest developments in global markets FOREX: The euro remained under pressure during early European afternoon as Sunday’s elections in Italy which ended to a hung parliament, undermined Eurozone’s prospects, with Eurosceptic parties gaining some ground. However, investors’ confidence on the bloc’s economic performance and an expected grand coalition deal between Merkel’s Conservatives and their previous partners, the SPD, provided some support to the currency, with euro/dollar rising back to 1.2332 before it inched lower to 1.2295 (-0.16%). Euro/yen and euro/pound were [..]

European Open Preview – Euro falls on uncertainty over Italy; equities remain under pressure on trade concerns

Posted on March 5, 2018 at 8:53 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was gaining ground, while the euro was on the defensive following a cloud of uncertainty after Sunday’s elections in Italy. The aussie and the kiwi were also recording notable losses versus the greenback on the back of rising trade tensions. STOCKS: US markets closed mostly higher on Friday, even despite the rising probability of a tit-for-tat trade war between the US and its major partners. The Nasdaq Composite surged [..]

Week Ahead – Big week for central banks as ECB, BoJ, RBA and BoC meet; US jobs report also eyed

Posted on March 2, 2018 at 4:15 pm GMT

The coming week looks set to be dominated by central banks as policymakers in Europe, Canada, Australia and Japan gather for their corresponding policy meetings. Economic data shouldn’t escape the headlines however as Australian GDP, Chinese trade figures and US and Canadian jobs reports will be eagerly awaited. However, early in the week, politics will be setting the mood, particularly for the euro as Italians go to the polls to vote for a new government on Sunday and Germany’s SPD [..]

US Open Preview – Dollar bears retake control amid trade risks; European equities dragged by automakers

Posted on March 2, 2018 at 12:52 pm GMT

Here are the latest developments in global markets: FOREX: Dollar bears remained in charge during early European trading afternoon amid trade uncertainties spurred by the US President, Donald Trump, yesterday, who said that he would impose new hefty tariffs on steel (25%) and aluminum (10%) imports. Fears that these measures could trigger a trade war between the US and the rest of the global economy including the biggest world exporter China, who responded today saying that it will safeguard its interests if harmed by the [..]

European Open Preview – Dollar declines on tariffs decision; Theresa May’s Brexit speech eyed

Posted on March 2, 2018 at 8:49 am GMT

Here are the latest developments in global markets: FOREX: The dollar declined versus a basket of currencies on Thursday after previously rising to a six-week high. Negative momentum for the US currency, which came on the back of a trade tariff decision by the US administration, is carrying through into today’s trading, with losses being limited though. STOCKS: US markets experienced another day of sharp declines on Thursday, as worries over President Trump’s new tariffs on steel and aluminum imports amplified [..]

UK PM Theresa May’s position on Brexit: will sterling extend declines? – Forex News Preview

Posted on March 1, 2018 at 4:00 pm GMT

More than one-and-a-half-years have passed since Britain voted in favor of leaving the European Union and the situation is still unclear as regards the UK’s future relationship with the remainder of the EU bloc of nations. UK PM Theresa May will be delivering a speech on Friday that aims to clarify her government’s position on this front. Will her remarks though truly clear the fog, or will a fresh layer of uncertainty set in, acting as a drag on both [..]

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