All Articles Tagged - GBPUSD

US Open Preview – Euro pressured by political uncertainties; Canadian inflation in focus

Posted on February 23, 2018 at 11:43 am GMT

Here are the latest developments in global markets: FOREX: Euro/dollar was under pressure during early European trading, trading lower at 1.2302 (-0.22%) as uncertainties in the political front loomed in the background ahead of the Italian general election and the German’s polls on whether Merkel’s Conservatives will formally lead the government under a coalition agreement with their former coalition partners, the SPD. Pound/dollar jumped to an intra-day high of 1.3993 (+0.14%). on hopes that the Bank of England would raise interest rates faster than [..]

European Open Preview – Dollar looks to Fed speakers for direction; eurozone and Canada release inflation numbers

Posted on February 23, 2018 at 8:56 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was nearly 0.4% higher on Friday, recouping some of the losses it posted earlier on Thursday. Kiwi/dollar was a notable mover as well, tumbling 0.6% despite stronger-than-expected data out of New Zealand overnight. STOCKS: US markets were mixed on Thursday, providing yet another sign that investors’ risk sentiment remains quite fragile still. The Dow Jones closed 0.7% higher, but the S&P 500 was barely in the green, rising a mere [..]

US Open Preview – Euro edges up ahead of ECB meeting minutes; European stocks ease

Posted on February 22, 2018 at 12:27 pm GMT

Here are the latest developments in global markets: FOREX: The dollar index deviated below ten-day highs reached earlier in the day, but remained 0.12% up on the day, last seen at 90.07. Yesterday, the FOMC meeting minutes spurred hopes that the Fed will hike rates four times this year, giving some lift to the dollar. Dollar/yen was struggling to gain ground, trading at 107.23 (-0.44%) as the weakness in stock markets continued to falter on the pair, with investors looking [..]

European Open Preview – Dollar recovery gains momentum after Fed minutes; UK GDP and ECB minutes due

Posted on February 22, 2018 at 8:49 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was 0.2% higher on Thursday, adding to the notable gains it posted yesterday on the back of the Fed minutes from the January meeting, which were quite upbeat. The greenback moved in tandem with US Treasury yields that surged across the board in the aftermath of the minutes, to reach fresh multi-year highs. STOCKS: US markets took a hit from the Fed minutes, as speculation for faster rate [..]

US Open Preview – Pound faces headwinds as UK unemployment rate rises; Fed meeting minutes pending

Posted on February 21, 2018 at 12:00 pm GMT

Here are the latest developments in global markets: FOREX: Although British average earnings (excluding bonuses) in January appeared stronger than expected, reaching the highest growth in a year, pound/dollar eased to a one-week low of 1.3913 (-0.51%) as the unemployment rate rose surprisingly for the first time since June 2015 in the three months to December. In Brexit news, more than 60 Conservative members wrote a letter to the UK Prime Minister, Theresa May, demanding a clean exit from the [..]

European Open Preview – Dollar continues to recover ahead of Fed minutes; eurozone PMIs & UK employment data in focus

Posted on February 21, 2018 at 8:55 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was nearly 0.2% higher on Wednesday ahead of the release of the FOMC minutes, extending the notable gains it posted yesterday. STOCKS: US equity markets closed lower on Tuesday. The Dow Jones fell the most, closing 1.0% lower, while the S&P 500 declined by 0.6%. The Nasdaq Composite retreated as well, but by less than 0.1%. The volatility index (VIX) also moved up, suggesting that the recent turmoil in equity [..]

Technical Analysis – GBPUSD bearish retracement in progress in short-term; next immediate support 1.38

Posted on February 21, 2018 at 7:26 am GMT

GBPUSD remains under pressure and risk is still to the downside as prices continue to drift lower from the 1.4150 resistance level. The short-term technical indicators are bearish and point to more weakness in the market, while the price capped by the 20-day simple moving average of the Bollinger band. Looking at the daily timeframe, the Relative Strength Index (RSI) is moving in the positive territory and is approaching the 50 level. Also, the MACD oscillator is holding below its trigger [..]

Sterling traders turn their sights to jobs data – Forex News Preview

Posted on February 20, 2018 at 4:21 pm GMT

The UK will see the release of employment data for December on Wednesday, at 0930 GMT. While practically every indicator is projected to have remained unchanged from the previous month, this is still a major risk event for sterling, as any deviation from the forecasts will likely have a large impact on the currency’s forthcoming path. According to forecasts, the UK unemployment rate is anticipated to remain unchanged at 4.3% in December, while average weekly earnings (both including and excluding [..]

US Open Preview – Dollar extends rally as US issues new debt; European stocks mixed

Posted on February 20, 2018 at 12:34 pm GMT

Here are the latest developments in global markets: FOREX: The dollar continued to stretch higher, breaking slightly above the 107 key-level versus the yen (+0.51%) and rising towards 89.67 (+0.65%) against a basket of major currencies. Despite risks remaining in the background, including a ballooning US budget deficit and potential policy tightening by other central banks which might attempt to play catch up with the Fed, the dollar finally found support from rising US Treasury yields. Pound/dollar jumped above 1.40 to touch an intra-day high of 1.4014 on the news that the EU parliament [..]

European Open Preview – Dollar bounces from 3-year lows; business surveys and dairy auction due

Posted on February 20, 2018 at 8:53 am GMT

Here are the latest developments in global markets: FOREX: The dollar index traded 0.4% higher on Tuesday, drawing some support from an uptick in the yields of longer-dated US Treasuries. The index rebounded on Friday after touching a fresh 3-year low, and has continued recovering since. STOCKS: US markets remained closed yesterday in celebration of the President’s Day holiday. Earlier on Friday, the S&P 500 and the Dow Jones closed marginally higher, though the Nasdaq Composite fell 0.2%. Moreover, futures tracking the S&P, [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

GBPUSD

XM Live Chat