All Articles Tagged - GBPUSD

Week Ahead – BoE MPC vote eyed amid slowing UK growth; US CPI and retail sales in focus before FOMC

Posted on September 8, 2017 at 3:26 pm GMT

Industrial output and retail sales data will dominate the economic calendar week, and inflation and employment will also be in focus. However, the week looks set to be a less dramatic one from the past seven days with policy meetings by the Bank of England and the Swiss National Bank unlikely to bring much surprises. Australian employment report to be watched as aussie rallies The Australian dollar is on track to end the week 1.5% higher against its US counterpart [..]

Forex Market Review (European Session) – Sterling breaks 1.32 ahead of BOE meeting; yen extends gains as North Korean risks linger

Posted on September 8, 2017 at 3:14 pm GMT

The dollar continued to trade weak during the European session with most of its peers hovering near fresh highs they reached in the Asian session. The pound and the yen extended their earlier gains, with the former hitting above the 1.32 key level against the greenback, while the latter reached the price of 107 per dollar for the first time since November 2016. With Hurricane Irma heading towards Florida, after it devastated the Caribbean islands and while other two hurricanes have been observed moving in the [..]

Forex Market Review (European Session) – Loonie shines as BOC raises rates; oil prices hit fresh highs ahead of API

Posted on September 6, 2017 at 3:18 pm GMT

Although the North Korean story is still in progress, spreading fears to the international community and forcing investors to give up high-yield assets and buy less risky ones, the focus during the European trading hours turned back to the economic calendar. Trade and non-manufacturing PMI data were out of the US, while Canada released trade figures prior the BOC’s surprising decision to raise rates. The loonie climbed to a fresh 2-year high versus the greenback, while oil peaked at new [..]

Forex Market Review (Asian Session) – Dollar tumbles as North Korea promises a “gift of packages”; aussie retreats on disappointing GDP growth

Posted on September 6, 2017 at 7:36 am GMT

On Wednesday, markets continued being in a risk-averse mood as a North Korean diplomat warned the day before that more is coming from his country. However, in the US the focus turned to domestic policies, as Fed policymakers are preparing for their next meeting in two weeks’ time. With geopolitical risks in the background, the dollar weakened further following the dovish comments made by the Minneapolis Fed President Neel Kashkari. Meanwhile, the aussie lost steam after the GDP growth data appeared lower than expected. Late on Tuesday, comments by a [..]

Forex Market Review (European Session) – Dollar drifts lower vs majors amid war risks; aussie, kiwi posts fresh highs

Posted on September 5, 2017 at 3:45 pm GMT

The dollar extended its losses against a basket of major currencies during the European session as US markets returned from holidays, pricing the heightened geopolitical risks as well as the dovish comments from the Fed’s Lael Brainard. While the dollar was losing ground, the aussie and its cousin the kiwi hit fresh highs after the RBA governor Philip Lowe supported that the current monetary policy is appropriate given the risks of the already overloaded household debt. Geopolitical risks continued weighing heavily on [..]

Forex News – As Brexit talks falter, UK services activity slows but exporters see signs of upturn

Posted on September 5, 2017 at 1:18 pm GMT

After defying all the Brexit doom-mongers in the initial aftermath of the shock referendum result, the British economy appears to be succumbing to the uncertainty, with GDP in the first half of the year growing at its slowest in five years. Talks between Britain and the European Union have not gotten to a very good start, with little progress made on key issues after three rounds of negotiations. The uncertain future of the UK’s relationship with its European partners is [..]

Forex Market Review (Asian Session) – Dollar consolidates; aussie retreats as RBA holds rates at record lows

Posted on September 5, 2017 at 7:53 am GMT

The dollar entered a consolidation phase in Asia as investors remained nervous about North Korea’s possible future nuclear actions, while US markets provided little direction as they were closed for the Labour Day Holiday. Meanwhile, in Australia the RBA decided to keep its monetary policy unchanged, holding cash rates at record lows, but concerns over an appreciating exchange rate pushed the aussie down. Investors preferred to put their money in safe-haven assets during the Asian trading hours and avoid riskier assets as they were worried that [..]

Technical Analysis – GBPUSD in neutral phase in short and medium-term

Posted on September 5, 2017 at 6:23 am GMT

GBPUSD is in a neutral phase and has been in a very narrow range since August 28. The pair is trading below the key 1.3000 level and above 1.2850. GBPUSD hit a high of 1.2994 last Friday but upward pressure eased rapidly. The pair is more likely to trade sideways in the near term, based on the flat momentum oscillators. RSI has been hugging the 50 line for the past week while MACD is horizontal. The market’s neutral outlook is [..]

Forex Market Review ( European Session) – Risk-off sentiment pushes dollar down as North Korea said to launch another ballistic missile test

Posted on September 4, 2017 at 3:30 pm GMT

While markets were focused to see whether geopolitical risks would ease later on Monday after North Korea announced its successful test of a powerful weapon on Sunday, risk-off sentiment rose again instead, following rumors that North Korea was preparing for another intercontinental ballistic missile test. The dollar dipped into further losses, unable to find support as US and Canadian markets were closed for the Labor Day holiday. According to South Korea’s central news agency, the North Korean regime was speculated to be planning another intercontinental ballistic missile test into the [..]

Forex Market Review (Asian Session) – Safe-havens gain demand as North Korea fires a hydrogen bomb; Gold tops at 11-month high amid rising geopolitical risks

Posted on September 4, 2017 at 8:07 am GMT

It was another risk-off Monday for investors as North Korea was said to have fired its sixth and most powerful weapon on Sunday, driving the demand for safe-haven assets higher while the US markets were closed for the Labour Day holiday. Gold gained the most, hitting a fresh 11-month high during the Asian trading hours. Yesterday, the North Korean regime announced that it had successfully tested a hydrogen bomb as a response to the US-South-Korean military exercise conducted last week. Although there was no independent verification whether [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

GBPUSD

XM Live Chat