All Articles Tagged - GBPUSD

Forex Market Review (European Session) – Euro pulls back from 2-year highs on disappointing PMIs; dollar steadier; oil up on OPEC pledge

Posted on July 24, 2017 at 3:05 pm GMT

The euro retreated from fresh 23-month highs set earlier in the day as the single currency was hurt by disappointing PMI data out of the Eurozone. The US dollar came off its lows but remained near the 13-month lows reached during the Asian session, while oil reversed higher on OPEC’s latest efforts to curb supply. Eurozone PMI releases by IHS Markit dominated the European trading session on Monday as the data missed expectations on all fronts. The composite PMI for [..]

Forex News – Dollar weighed by White House turmoil after Sean Spicer resignation shakes up Trump’s inner circle

Posted on July 24, 2017 at 1:36 pm GMT

Following the recent developments connected with the investigation into Russia’s ties with the US presidential election and Trump’s failure to pass the health care bill in Congress for the second time, the uncertainty around Trump’s administration peaked on Friday after Sean Spicer, the White House press secretary, resigned from his role. The dollar saw little immediate reaction to the news on Friday but last week’s events weighed on the currency in forex markets today. Sean Spicer announced on Friday his [..]

Forex Market Review (Asian Session) – Dollar weighed by political woes, close to 13-month low; aussie gains

Posted on July 24, 2017 at 7:41 am GMT

As Asian traders were about to complete their trading day, the dollar index was up on the day after previously hitting a fresh 13-month low. Excluding aussie/dollar, most major pairs were moving within a relatively narrow range during Asian trading hours, while gold was down after recording a one-month high. The dollar’s index against a basket of major currencies fell to 93.82 today – it’s lowest since June 24 of last year. It later managed to recover to last trade [..]

Week Ahead – FOMC meeting and Q2 GDP data in focus; Eurozone PMIs also eyed

Posted on July 21, 2017 at 3:50 pm GMT

The Federal Reserve meets next week for a scheduled policy meeting but with no change in rates expected, the focus will likely fall on the balance sheet reduction plan. Data-wise, second quarter GDP estimates will be watched for France, the United Kingdom and the United States. Japanese and Australian inflation data will also be important, while flash PMIs for the Eurozone and the US should give the first glimpse on economic activity in July. Eurozone PMIs Starting the week on [..]

Forex Market Review (European Session) – Dollar at 13-month lows; loonie gains on rising hike prospects; euro at fresh high

Posted on July 21, 2017 at 3:11 pm GMT

Barring inflation and retail sales data out of Canada, today’s European session was a rather quiet one in terms of data releases. In the absence of data during the rest of the session, forex market participants placed their orders having in mind developments from yesterday’s European Central Bank meeting, as well as developments on the US political front. The dollar index, which gauges the greenback against the currencies of six major US trading partners, fell to 93.99 today, a 13-month [..]

FX Daily Outlook | 21-07-17

Posted on July 21, 2017 at 9:12 am GMT

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Forex Market Review (Asian Session) – Aussie tumbles on Deputy Governor’s dovish speech; US dollar weak on political woes

Posted on July 21, 2017 at 7:15 am GMT

The Australian dollar tumbled amid a dovish speech by Reserve Bank of Australia Deputy Governor Guy Debelle. The US dollar remained under pressure against most majors following the plunge yesterday when news broke out about expansion of an investigation into Trump’s links with Russia. The aussie fell to $0.7907 during Asian trading as the RBA Deputy Governor said that no importance should be given to the board’s discussion around the neutral rate and that it doesn’t imply monetary policy tightening. [..]

Forex Market Review (European Session) – Euro rallies despite dovish Draghi; sterling weakens despite upbeat retail sales

Posted on July 20, 2017 at 3:13 pm GMT

The euro rallied to a near 14-month high against the dollar during the European session following ECB President Mario Draghi’s speech at a news conference today. Sterling was briefly lifted against the US currency, but gave up on gains and was down on the day as the US session started. During the end of the session, forex markets reacted significantly on the back of just released news regarding Trump’s links with Russia. The dollar index was down 0.60% at 94.22. [..]

FX Daily Outlook | 20-07-17

Posted on July 20, 2017 at 8:50 am GMT

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Forex Market Review (Asian Session) – Yen weakens following BoJ meeting; aussie gains on healthy job market

Posted on July 20, 2017 at 7:52 am GMT

Forex markets experienced more volatility today as it was busier one compared to others this week. The yen weakened against the dollar following the release of the Bank of Japan monetary policy report. The aussie had an initial boost against the greenback after employment data had been released, however it fell soon after. The euro was slightly up ahead of the European Central Bank meeting later in the day. The BoJ kept monetary policy steady, a report showed today. While [..]

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