All Articles Tagged - GBPUSD

Forex Market Review (European Session) – Pound steady ahead of May’s Brussels meeting; euro posts moderate losses after Puigdemont misses deadline

Posted on October 16, 2017 at 3:22 pm GMT

With Fed chair Janet Yellen being confident that inflation measures will move towards the Fed’s 2% target in the upcoming months and business conditions improving the most in three years in October according to a survey conducted by the New York Fed, the dollar index managed to gain 0.12% on the day, climbing to a 5-day high of 93.36. Dollar/yen stood flat around 111.81. Meanwhile, in the fiscal policy front, a tax analysis released by the Trump administration on Monday [..]

Forex Market Review (European Session) – Dollar takes a breath as consumer prices disappoint; aussie, kiwi gain the most

Posted on October 13, 2017 at 3:11 pm GMT

While market watchers expected today’s US inflation report to give a clearer picture of the inflation path amid concerns whether subdued inflation is temporary or persistent, uncertainties over the direction of inflation increased after US consumer prices disappointed analysts, reducing the odds for a third rate hike before the end of the year. The widely-expected data on US consumer prices fell short of expectations in September, with the headline CPI index growing at 0.5% m/m, while analysts anticipated the figure to rise by [..]

Week Ahead – UK inflation, Japanese trade data among week’s important releases; Party Congress eyed in China

Posted on October 13, 2017 at 3:09 pm GMT

Next week’s economic releases, which includes UK inflation figures, can determine the future path of monetary policy for major economies, while political events, such China’s five-yearly Communist Party Congress commencing on Wednesday, perhaps have the capacity to steer developments for the years to come. Chinese Party Congress, Japanese trade data and elections further ahead and Australian employment to be closely watched Data on producer as well as on consumer prices for the month of September will be released out of [..]

Stock Market News (European Open) – FTSE suffers on sterling rebound; Japanese benchmarks at multi-year highs

Posted on October 13, 2017 at 9:50 am GMT

In Asia, the Nikkei 225 added 1.0% to close this week’s trading at its highest since 1996 with the Topix, Japan’s broader equity gauge, gaining 0.5% to finish the week at its highest since 2007. Hong Kong’s Hang Seng rose by 0.1% and the Shanghai Composite advanced by 0.2%. Australia’s S&P/ASX 200 added 0.3% and the South Korean Kospi retreated by 0.05%. Today there were reports of a small magnitude earthquake near the area where North Korea conducted nuclear tests in the past, raising concerns for [..]

Forex Market Review (Asian Session) – Dollar pulls back ahead of inflation data; pound rallies as EU looks to offer UK 2-year single market transition

Posted on October 13, 2017 at 8:14 am GMT

Concerns on the inflation path and questions on the future of tax plans continued to weigh on the dollar on Friday, while the pound drifted higher on reports that the UK may get a 2-year transitional period before it exits the EU. Although yesterday’s encouraging data on US producer prices and initial jobless claims helped the dollar to gain some ground against its major counterparts, markets remained cautious on the timing of another interest rate hike in 2017 after the Fed’s September meeting [..]

Forex Market Review (European Session) – Pound drifts lower after Barnier says Brexit talks are in “deadlock”; dollar recovers

Posted on October 12, 2017 at 3:13 pm GMT

The pound could not sustain its rally started during the Asian session on Thursday after discouraging comments on Brexit’s progress by the EU chief negotiator pushed the currency down, making it the worst performer among its major peers. The pound’s weakness, as well as US data on PPI and initial jobless claims, gave a lift to the dollar. The fifth round of Brexit talks, which are to be temporarily suspended when the two-day EU summit starts on October 19, was not constructive enough for the negotiations to move to [..]

Stock Market News (US Open) – FTSE benefits on falling sterling; major Wall Street indices open slightly lower

Posted on October 12, 2017 at 1:50 pm GMT

With the open of US markets, the pan-European Stoxx 600 and the blue-chip Euro Stoxx 50 were both trading lower by 0.1% and 0.2% on the day with major blue-chip benchmarks in Europe giving a mixed picture. The FTSE 100 was the brightest spot in terms of performance among main European blue-chip indices. The closely-watched benchmark was up by 0.3%, reaching its highest since early June at one point during today’s trading. FTSE constituents’ revenues are to a significant extent [..]

Forex Market Review (Asian Session) – Dollar faces headwinds after FOMC minutes; euro rises as Rajoy sets deadline for Puigdemont

Posted on October 12, 2017 at 8:08 am GMT

The dollar was mostly in the red against its major counterparts during the Asian session after the FOMC meeting minutes released on Wednesday indicated that Fed policymakers had doubts on the inflation path. In contrast, the euro was on track to post gains for the fifth straight day as Catalonia’s questioned status of independence is likely to clear out next week. On late Wednesday, the minutes of the Fed’s September meeting sounded dovish to investors’ ears as the statement showed that policymakers are concerned that factors weighing on inflation [..]

Forex Market Review (European session) – Dollar dives ahead of Fed meeting minutes; euro rallies as Catalonia-related risk eases

Posted on October 11, 2017 at 3:30 pm GMT

The dollar was the worst performer during the European session on Wednesday as both geopolitical risks and uncertainty over Trump’s fiscal policy dragged the currency lower against other major currencies. Comments by the Chicago Fed President, Charles Evans, and disappointing readings on JOLTS job openings added further losses to the greenback. On the other hand, the euro was performing the best as the absence of a formal Catalan independence declaration relieved markets which feared possible negative political implications. The Spanish government, though, accused the Catalan leader of causing confusion with his actions. With the North Korean story [..]

Forex Market Review (Asian Session) – Euro holds strong as Puigdemont delays Catalonia’s independence; dollar heavy amid concerns on tax legislation

Posted on October 11, 2017 at 7:48 am GMT

The Asian session was relatively quiet on Wednesday as economic releases were limited. Following a stressful day in Spain, where Catalonia’s independence was put on hold, the euro remained strong above the 1.18-key level overnight, while the dollar was under pressure against its peers amid escalating geopolitical risks and fears of tax overhaul failing to turn into law. While thousands of people and armed police forces were gathered in front of the Catalan parliament ready to counteract a possible “Yes vote” on Catalonia’s separation [..]

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