All Articles Tagged - GBPUSD

US Open Preview – Dollar pressured ahead of Fed rate decision; European stocks rebound

Posted on January 31, 2018 at 12:38 pm GMT

Here are the latest developments in global markets: FOREX: Kiwi/dollar remained the biggest winner in early European trading, approaching fresh one-week highs at 0.7400 (+0.94%), while aussie/dollar reached an intra-day high at 0.8109. Dollar/yen inched up to 108.76 but was unable to recover earlier losses despite the BOJ increasing its medium-term Japanese government bonds. Trump’s State of Union speech also failed to feed dollar bulls, giving few details on US policies. The dollar index was moving sideways around three-year lows [..]

European Open Preview – Dollar on the defensive ahead of FOMC; eurozone inflation on the horizon

Posted on January 31, 2018 at 8:43 am GMT

Here are the latest developments in global markets: FOREX: The dollar index continued to retreat on Wednesday, trading 0.2% lower ahead of the FOMC policy decision later in the day. STOCKS: Japanese markets were on the defensive, with the Nikkei 225 and the Topix indices falling 0.8% and 1.2% respectively, as the recent surge in bond yields continued to undermine investors’ sentiment towards equities. This was also evident by the underperformance of US indices yesterday, with the S&P 500, Dow Jones [..]

US Open Preview– Dollar stretches losses ahead of Fed meeting; Trump’s State of Union speech in focus

Posted on January 30, 2018 at 12:09 pm GMT

Here are the latest developments in global markets: FOREX: The euro erased earlier losses against the dollar, bouncing up to an intra-day high of $1.2423 (+0.22%) after Eurostat revised upwards GDP growth readings for the third quarter. Sterling managed to rebound to $1.4111 (+0.38%) after reaching a one-week low at 1.3979 during the Asian session. On the other hand, the dollar, stretched its downleg towards 108.52 versus the yen (-0.31%) and reversed yesterday’s gains against a basket of major currencies, [..]

European Open Preview – US dollar rebounds as stocks sell off; flash Eurozone GDP on tap

Posted on January 30, 2018 at 8:31 am GMT

Here are the latest developments in global markets: FOREX: The US dollar continued to stage a recovery during Tuesday’sAsian session against most majors with the exception of the yen. The latter currency was bid as it performed its traditional role of safe-haven. The dollar index was around 1% higher from its 3-year low hit on Thursday. Rising bond yields were said to bolster the greenback. STOCKS: Stocks were correcting following their stellar run of the previous weeks. The Dow closed two-thirds of [..]

Technical Analysis – GBPUSD loses steam but outlook still bullish

Posted on January 30, 2018 at 7:24 am GMT

GBPUSD stalled its recent rally after touching its highest level since June 2016 but continues to trade in bullish environment as it maintains a positive trend and technical indicators signal that the market might retain this bullish phase in the medium-term. The market crawled well above the simple moving average lines (SMA) which are currently positively aligned and show no sign of reversing direction, while the Tenkan-sen is positively sloped above the Kijun-sen. However, downside corrections in the near term [..]

US Open Preview– Pound slips as Brexit talks resume; dollar waits for PCE inflation

Posted on January 29, 2018 at 12:53 pm GMT

Here are the latest developments in global markets: FOREX: The dollar consolidated gains earned early in the day on the back of rising US bond yields which jumped to peaks last seen in 2014. The dollar index was trading at 89.60 (+0.22%) and dollar/yen was steady at 108.70 (+0.05%). Euro/dollar eased to 1.2397 (-0.19%) as German bonds yields continued to rise for the fourth day reaching two-year highs after the Dutch central bank said on Sunday that the ECB should [..]

European Open Preview – Yen gains on Kuroda’s comments; US consumption and PCE data due

Posted on January 29, 2018 at 8:46 am GMT

Here are the latest developments in global markets: FOREX: The dollar index traded marginally higher on Monday, recouping some of the losses it posted on Friday. Meanwhile, the yen remained relatively elevated after shooting up on Friday, following some remarks from BoJ Governor Kuroda. STOCKS: Asian markets were mixed. In Japan, the Nikkei 225 closed marginally lower, while the Topix was less than 0.1% higher. In Hong Kong, the Hang Seng declined 0.3%, though the index still lies very close to all-time high [..]

Week Ahead – US jobs report and Fed to keep dollar in spotlight; Eurozone GDP also in focus

Posted on January 26, 2018 at 5:25 pm GMT

The economic calendar in the coming seven days will be a busier one with a slew of data releases and the Fed’s first monetary policy meeting of the year. The US employment report will be the data highlight of the week followed by the euro area’s preliminary GDP reading for the final quarter of 2017. PMI figures out of the UK and China, and Australian CPI numbers will also be important. Australian inflation to crawl into RBA’s target band The [..]

US Open Preview: Dollar surrenders Trump-related gains ahead of key data and speeches

Posted on January 26, 2018 at 12:23 pm GMT

Here are the latest developments in global markets: FOREX: The dollar has remained on the back foot, with the dollar index being almost 0.6% lower, giving back nearly all the gains it posted yesterday following President Trump’s comments. The biggest beneficiaries of the greenback’s weakness were the Swiss franc and the British pound, both trading 0.8% higher against the USD. The Australian dollar followed closely, with aussie/dollar up 0.7%. Dollar/loonie was down more than 0.5%, weighed on by a weaker greenback [..]

UK Q4 GDP growth figures poised to challenge sterling’s rally– Forex News Preview

Posted on January 25, 2018 at 4:33 pm GMT

Sterling is on track to post its best weekly performance against the dollar since September as the currency managed to gain 3.0% in just four days, flying from 1.3900 to 1.4327. Brexit optimism, the dollar’s weakness as well as stronger than expected UK economic indicators were among the catalysts that persuaded investors to increase their net-long positions in the market so far. However, the next challenge for the cable might come on Friday when the Office for National Statistics will release flash GDP growth estimates for [..]

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