All Articles Tagged - GBPUSD

Forex Market Review (European session) – Dollar extends losses as North Korea story gets complicated; euro strengthens ahead of Catalonia’s possible independence declaration

Posted on October 10, 2017 at 3:57 pm GMT

The dollar tumbled to just a shade above the 93 key-level against a basket of major currencies in the wake of news that North Korean hackers had stolen military documents from the South Korean defence ministry in September 2016, including South Korean/US war plans which involved to some part the formation of a military unit to eliminate the North Korean leader, Kim Jong Un. Moreover, speculation over North Korea launching a long-range missile test over the coming days also weighed on the greenback. [..]

Forex Market Review (Asian Session) – Euro moves higher as Puigdemnont heads to Parliament; aussie rallies on improved business conditions

Posted on October 10, 2017 at 8:07 am GMT

With Japanese and South Korean markets returning from holidays, the dollar failed to gain ground against its rivals as investors continued pricing geopolitical tensions between the US and North Korea. On the other hand, the euro and the aussie were in an uptrend as economic conditions in the regions showed signs of improvement. The greenback was trading 0.18% lower against its major rivals at 93.54 with markets being cautious whether North Korea will conduct another missile test over the next days, challenging the US [..]

Forex Market Review (European Session) – Dollar steady as North Korean tensions weigh; pound gains ground ahead of May’s speech

Posted on October 9, 2017 at 3:00 pm GMT

Investors maintained their risk-averse stance during the European trading hours amid fears that North Korea is planning another missile test in the near term, restricting the dollar from recovering. On the other hand, the pound was the best performer ahead of May’s speech later today and as Brexit negotiations were entering their fifth round. Although optimism on the US economy remained high among investors following Friday’s upbeat readings on wage growth and unemployment rate indicated in the employment report, the dollar edged lower to a four-day low of [..]

Forex Market Review (Asian Session) – Dollar holds weak amid fresh threats from North Korean peninsula; pound strengthens ahead of May’s speech

Posted on October 9, 2017 at 8:16 am GMT

On Monday, the dollar could not recover from Friday’s losses as North Korean tensions came back to the spotlight and as liquidity was limited during the session with South Korea, Japan, and China being closed for holidays, while US markets will be partially shut for Columbus Day. Although the report on US nonfarm payrolls released on Friday raised hopes for a third hike in December as wage growth picked up unexpectedly and the unemployment rate retreated further, renewed US-North Korea tensions gave a breather to the [..]

Forex Market Review (European Session) – Nonfarm payrolls turn negative but wages feed dollar bulls; oil gives up gains on Tropical Storm Nate

Posted on October 6, 2017 at 3:28 pm GMT

According to the widely-expected nonfarm payrolls report, 1.5mn people stayed out of work due to dangerous weather conditions in September, dampening the number of jobs added to the economy. This, however, was not the biggest surprise, as investors had been warned about the negative consequences arising from the devastating hurricanes. What was instead a more unexpected fact, was the upside change in wage growth which consequently pushed the dollar to fresh highs and boosted confidence in the US economy. In [..]

Stock Market News (US Open) – FTSE helped by weakening sterling; major Wall Street benchmarks slightly down

Posted on October 6, 2017 at 2:43 pm GMT

The pan-European Stoxx 600 traded 0.3% lower not long before European traders head home for the weekend. Despite the decline, it remains up on the week and on track for its fourth consecutive weekly gain. Spain’s IBEX 35, which received additional attention this week due to ongoing tensions over Catalonia’s efforts to gain independence, was 0.4% down, having reversed a large part of losses recorded earlier in the day. The blue-chip benchmark suffered a poor week, with weekly losses standing [..]

Week Ahead – US retail sales, inflation and Fed minutes in focus in quiet data week

Posted on October 6, 2017 at 2:36 pm GMT

In a relatively light calendar week, US economic indicators will be at the forefront, along with data out of China, the Eurozone and the United Kingdom. Inflation and retail sales numbers will be the highlights coming out of the United States, while industrial output and trade data will be the focus in non-US markets. The Federal Reserve will also be making headlines as it publishes its September meeting minutes and more Fed officials make public appearances. China releases trade data [..]

Stock Market News (European Open) – Spanish stocks reverse into losses; bullish US sentiment reverberates to Asia

Posted on October 6, 2017 at 9:37 am GMT

In Asian markets, the Nikkei 225 and the Topix, Japan’s broader gauge of equity performance, both added 0.3%. Hong Kong’s Hang Seng rose by 0.3% and Australia’s S&P/ASX 200 gained 1.0%, making up for a significant part of losses from preceding days. US equities yet again hit all-time highs during yesterday’s trading, recording decent gains along the way as well. The Dow added 0.5%, the S&P 500 rose by 0.6% and the tech-heavy Nasdaq Composite added 0.8%. The S&P rose [..]

Forex Market Review (Asian Session) – Dollar rallies as US tax reforms head to Senate; pound tumbles to one-month low

Posted on October 6, 2017 at 7:58 am GMT

A stream of upbeat US economic data, as well as the approval of the 2018 fiscal budget in the US on Thursday, boosted the dollar to a 7-week high on Friday ahead of the widely expected nonfarm payrolls due later today. Meanwhile, the pound stretched its downtrend as concerns over May’s leadership continued to weigh on the currency. Late on Thursday, the Republican-led US House of Representatives gave the green light to the 2018 fiscal spending to set the stage for a tax overhaul which is expected [..]

Forex Market Review (European Session) – Pound slides on political worries; euro weaker after ECB minutes

Posted on October 5, 2017 at 3:10 pm GMT

The pound was the worst performing major currency in Thursday’s European session as speculation mounted about whether the UK prime minister would resign. The euro also underperformed as the European Central Bank’s September meeting minutes showed policymakers wanted to maintain a “highly accommodative” monetary policy once tightening gets underway. The US dollar meanwhile was broadly firmer after another batch of solid US data. Fears about the possible resignation of British Prime Minister Theresa May were heightened today following a party [..]

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