All Articles Tagged - GBPUSD

Week Ahead – All eyes on BoJ and ECB; First glimpse of UK and US Q4 GDP

Posted on January 19, 2018 at 3:47 pm GMT

The Bank of Japan and the European Central Bank will follow in the footsteps of the Bank of Canada to hold their first policy meetings of 2018 in the next seven days. With speculative trade on the timing of the eventual stimulus withdrawal by both central banks driving the euro and the yen higher over the past couple of weeks, markets will be ultra-sensitive to the language spoken by policymakers. Economic data will also be at the forefront next week [..]

US Open Preview – Dollar index holds losses on funding bill uncertainty; European stocks hit fresh highs

Posted on January 19, 2018 at 12:42 pm GMT

Here are the latest developments in global markets: FOREX: The dollar index remained pressured near three-year lows, at 90.34 (-0.16%), as investors were waiting for US Senators to prevent a potential government shutdown today. Traders were also pricing that the dollar might lose steam versus its peers if other central banks follow the Fed by tightening monetary policy. Dollar/yen lost 0.38%, retreating to an intra-day low of 110.48. Pound/dollar reversed today’s gains, edging down to 1.3873 after monthly retail sales in the UK [..]

European Open Preview – Dollar retreats again while oil pulls back from highs; UK retail sales in focus

Posted on January 19, 2018 at 8:48 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index was marginally lower on Friday, after also trading lower yesterday, even though yields on longer-term US Treasuries were on the rise. STOCKS: Asian markets were in a sea of green today. Japan’s Nikkei 225 and Topix indices were up by 0.2% and 0.7% respectively, both hovering near multi-decade highs. In Hong Kong, the Hang Seng index was up 0.1% – touching its highest on record – while in [..]

UK retail sales the next risk event for sterling – Forex News Preview

Posted on January 18, 2018 at 2:33 pm GMT

UK retail sales data for December are due for release at 0930 GMT on Friday, with forecasts pointing to a tumble in monthly terms, but a rebound on a yearly basis. The actual prints could show whether the squeeze in real incomes continues to weigh on consumer spending, and may go a long way in determining whether the BoE will take action anytime soon. UK retail sales have been on a weakening path for over a year now, something [..]

US Open Preview– Dollar weakens ahead of US house data; European stocks strengthen

Posted on January 18, 2018 at 12:26 pm GMT

Here are the latest developments in global markets: FOREX: The dollar index deviated below one-week highs reached earlier in the Asia session, edging down to 90.62 (+0.10%). Higher US Treasury yields and hopes on corporate tax repatriations contributed positively to the index’s performance earlier. Dollar/yen was flat at 111.24 (-0.03%) and dollar/swissie tumbled to 0.9592 (-0.64%). Euro/dollar stretched its uptrend to 1.2236 (+0.42%) and pound/dollar rose to 1.3874 (+0.36%), potentially due to the positive sentiment related to Brexit developments. Aussie/dollar [..]

European Open Preview – Loonie undecided after rate hike while dollar rebounds

Posted on January 18, 2018 at 8:47 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index continued to recover on Thursday, trading nearly 0.4% higher and extending the gains it posted on Wednesday on the back of rising US treasury yields. STOCKS: Asian markets were mixed. Japan’s Nikkei 225 and Topix indices fell by 0.4% and 0.7% respectively, while Hong Kong’s Hang Seng index was up 0.4%. In Europe, futures tracking the Euro Stoxx 50 are in positive territory, suggesting the index could open higher. Over [..]

European Open Preview – Euro retreats after breaking above $1.23; Bank of Canada eyed

Posted on January 17, 2018 at 8:41 am GMT

Here are the latest developments in global markets: FOREX: The dollar – as gauged relative to six other currencies – is on the rise after recording its lowest since late 2014 earlier on Wednesday. The euro retreated after climbing above $1.23. STOCKS: The Japanese Nikkei 225 and Topix indices lost 0.35% and 0.2% respectively after yesterday tracking multidecade highs. Hong Kong’s Hang Seng was little changed at decade high levels. Euro Stoxx 50 futures traded lower by 0.3% at 0727 [..]

US Open Preview – Dollar posts gains though still trades near lows; kiwi traders eye dairy auction

Posted on January 16, 2018 at 12:41 pm GMT

Here are the latest developments in global markets: FOREX: After considerable declines in the days that preceded, the dollar is in the green relative to other major currencies during today’s trading, though it managed to recover only a relatively small portion of earlier losses. The dollar index was 0.3% up at 90.73. On Monday it touched 90.46, its lowest since early 2015. The British currency experienced some losses following the release of UK inflation data. STOCKS: European bourses were broadly [..]

European Open Preview – Dollar in recovery mode; UK inflation in the spotlight

Posted on January 16, 2018 at 8:51 am GMT

Here are the latest developments in global markets: FOREX: The dollar managed to recover a part of the previous days’ losses against a basket of currencies that saw it eventually fall to a three-year low during Monday’s trading. STOCKS: The Japanese Nikkei 225 and Topix indices added 1.0% and 0.55% to close at their highest since 1991. Hong Kong’s Hang Seng was up by 1.3%, trading at decade-high levels. Euro Stoxx 50 futures were flat at 0731 GMT, with Dow, [..]

Technical Analysis – GBPUSD pauses rally but has room for further upside

Posted on January 16, 2018 at 7:13 am GMT

GBPUSD is pausing a 2-day rally that took the pair to its highest level since June 19, 2016, in the 1.38 handle. The outlook remains bullish after the market surged above 1.3600 last Friday. The immediate bias is neutral but there is scope for a re-test of yesterday’s high of 1.3819. From this point, the focus turns to the 1.4100 area. Dips are expected to find support in the lower 1.37’s (between yesterday’s low of 1.3724 and 1.3700). Major support [..]

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