All Articles Tagged - GBPUSD

Technical Analysis – GBPUSD bearish phase continues; momentum indicators look negative

Posted on February 13, 2018 at 7:39 am GMT

GBPUSD fell as low as 1.3770, a level that has been standing near the 40-day simple moving average during the past week. Since yesterday, the price has been trading slightly higher and successfully surpassed the 23.6% Fibonacci retracement level near 1.3820 of the last upward movement with the low of 1.2100 and the high of 1.4345. Looking at the daily timeframe, the aggressive sell-off started after the pullback on the 1.4280 strong resistance level and the bearish correction is still in progress. The Relative [..]

UK inflation to ease below 3.0% in January – Forex News Preview

Posted on February 12, 2018 at 4:56 pm GMT

While the world economy is preparing to welcome higher inflationary pressures under a pro-growth economic landscape, the UK hopes to see inflation falling, easing the pressures on consumers who saw their real incomes narrowing after the Brexit Referendum. On Tuesday, January’s consumer prices (CPI) could bring good news to British consumers as forecasts suggest that inflation will slow down even further. However, the Bank of England (BoE) who eagerly looks for signs to raise interest rates will probably wait to [..]

US Open Preview – European equities broadly in the green; Wall Street looks set to open higher

Posted on February 12, 2018 at 12:04 pm GMT

Here are the latest developments in global markets: FOREX: The US currency remained lower on the day, with its broader gauge, the dollar index, being down by 0.3% around midday. The euro and sterling were advancing versus the greenback, after declining notably in the preceding week and recording multi-week lows. Specifically, euro/dollar shed 1.6% during the week ending February 9, experiencing its worst weekly performance since November 2016. Euro/dollar and pound/dollar were up by 0.3% and 0.2% at 1.2269 and 1.3869 respectively. [..]

European Open Preview – Stocks look to US budget deficit and inflation data for clues

Posted on February 12, 2018 at 8:54 am GMT

Here are the latest developments in global markets: FOREX: The dollar index traded 0.3% lower on Monday, despite the recent surge in 10-year US Treasury yields, which are now hovering near 2.88%. STOCKS: US equity indices experienced a tentative rebound on Friday. The S&P 500 led the way, rising by 1.5%, while the Dow Jones and the Nasdaq Composite rose by 1.4%. Moreover, futures tracking the S&P, Dow, and Nasdaq 100 are all in positive territory at the moment, suggesting that these [..]

Week Ahead – US & UK CPI, Australian employment and Japanese growth figures on the horizon

Posted on February 9, 2018 at 3:31 pm GMT

On the face of it, it looks that the upcoming week will lack events of similar magnitude to the one we just experienced – for example, the Bank of England meeting and subsequent press conference by Governor Carney. Still, there are releases that have the capacity to keep investors on edge and lead to notable movements in forex markets: US and UK CPI and retail sales, Australian jobs data, and Japanese GDP figures are among the readings that will be [..]

US Open Preview– Dollar edges up as US government re-opens; European stocks tumble again

Posted on February 9, 2018 at 12:43 pm GMT

Here are the latest developments in global markets: FOREX: The dollar was gaining versus its major counterparts during early European trading hours, posting moderate gains after the US Congress reached a bipartisan deal on a two-year spending bill. The plan promises to increase the debt ceiling and funding on military and domestic programs, though, the markets are concerned that the bill will widen nation’s deficit. The dollar index edged up to 90.33 (+0.12%), while dollar/yen and dollar/swissie changed hands higher at [..]

European Open Preview – Equities topple while US government shuts down; UK industrial output & Canadian jobs report due

Posted on February 9, 2018 at 8:51 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was practically unchanged on Friday, remaining unfazed by the shutdown of the US government. Meanwhile, sterling gave back all of the gains it posted after the Bank of England appeared more hawkish yesterday. STOCKS: The turmoil in global equity markets got a second wind on Thursday, with US stock indices collapsing once more. The Dow Jones led the way lower, shedding 4.1% of its value, while the Nasdaq Composite [..]

European Open Preview – Kiwi records losses as RBNZ appears cautious; all eyes on the Bank of England

Posted on February 8, 2018 at 8:58 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was marginally lower on Thursday, after previously posting notable gains on Wednesday, as yields on longer-dated US Treasuries moved higher. Meanwhile, sterling was a little higher ahead of the Bank of England’s “Super Thursday” policy meeting. The kiwi dollar slipped, as the RBNZ disappointed those looking for an upbeat assessment. STOCKS: US equity indices experienced another volatile session on Wednesday, and finished lower overall. The Nasdaq Composite fell by 0.9%, the [..]

US Open Preview – Euro, pound down as European stocks recover; kiwi slips ahead of RBNZ rate decision

Posted on February 7, 2018 at 12:15 pm GMT

Here are the latest developments in global markets: FOREX: The yen extended its uptrend against the dollar, sending dollar/yen lower to 109.10 as investors maintained their risk-averse behavior after the recent sell-off in stock markets. The dollar index, though, was building positive momentum on the back of a weaker euro and pound, climbing to 89.87 (+0.33%). Euro/dollar slipped to 1.2342 (-0.30%) and pound/dollar weakened to 1.3872 (-0.44%) after the ECB board member, Sabine Lautenschlaeger questioned whether the transitional period after Brexit will “really [..]

European Open Preview – Dollar little changed; US equities rebound but is the turmoil over?

Posted on February 7, 2018 at 8:53 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was marginally lower on Wednesday, experiencing little movement in the session, as investors’ attention remained fixed on movements in stock markets. STOCKS: US equity indices rebounded yesterday, temporarily alleviating some concerns that the sell-off seen earlier in the week would develop into something much bigger. The Dow Jones led the way, gaining an extraordinary 2.3%, while the Nasdaq Composite followed in its tracks, up by 2.1%. The S&P 500 [..]

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