All Articles Tagged - GBPUSD

Forex News – US CPI and retail sales data miss knock the dollar down

Posted on July 14, 2017 at 4:46 pm GMT

The dollar plunged immediately after today’s widely expected data on US CPI and retail sales disappointed market watchers who, among others, were looking for evidence on inflationary pressures that would support another rate hike by the Federal Reserve during the current year. Instead, the figures added to doubts about whether Fed policymakers will proceed with an additional rate hike in 2017. The negative momentum following Fed Chair Janet Yellen’s dovish remarks in her two-day testimony to Congress deepened today. Following [..]

Week Ahead – ECB and BOJ meet as policies set to diverge; China eyes slower growth

Posted on July 14, 2017 at 4:02 pm GMT

The European Central Bank and the Bank of Japan policy meetings next week will likely steal investors’ attention as one prepares the ground for tighter policy while the other looks in no hurry to alter course. It will also be an important week for data as China releases first quarter GDP growth figures and inflation numbers come into focus in Canada, New Zealand and the UK. Aussie jobs and New Zealand inflation data to be watched The Australian and New [..]

Forex Market Review (European Session) – Dollar tumbles on disappointing inflation; Kuwait’s OPEC governor boosts oil

Posted on July 14, 2017 at 2:51 pm GMT

The dollar tumbled against all majors after a set of disappointing US data releases. The dollar index fell to a fresh 10-month low of 95.25 immediately following the release. The weaker dollar boosted other majors as well as gold. Both US CPI and retail sales numbers for June came in short of expectations, pushing the dollar to 112.38 yen from 113.04. Headline CPI was weaker than estimated at 0.1% month-on-month in June, mirroring the prior increase of 0.1%. It was [..]

FX Daily Outlook | 14-07-17

Posted on July 14, 2017 at 9:18 am GMT

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Forex Market Review (Asian Session) – Dollar steady ahead of key inflation release; euro, sterling gain

Posted on July 14, 2017 at 7:53 am GMT

The US dollar was steady against the yen during the Asian session, but weakened against most other majors. The key inflation data out of the US could potentially dictate today’s biggest forex market moves. The euro and the pound were both up, while oil came under some pressure ahead of the European open. The dollar steadied against the yen, helped by upbeat US economic data, after earlier weakness due to a dovish-perceived testimony by Federal Reserve Chair Janet Yellen to [..]

Forex Market Review (European Session) – Dollar firms up against yen; sterling gains; oil and gold up

Posted on July 13, 2017 at 2:59 pm GMT

The dollar gained against the yen ahead of the US session, supported by encouraging data releases, and continued strengthening as Federal Reserve Chair Janet Yellen started her second-day testimony to Congress. The dollar index, a broad measure of the greenback’s strength, was up 0.07% towards the end of the European session. The number of people seeking unemployment benefits fell last week, confirming labor market strength in the US. Initial claims for state unemployment benefits declined by 3,000 to 247,000 for the [..]

FX Daily Outlook | 13-07-17

Posted on July 13, 2017 at 9:14 am GMT

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Forex Market Review (Asian Session) – Yellen sends dollar low against majors; euro recovers; aussie firms

Posted on July 13, 2017 at 7:46 am GMT

The dollar eased against the yen on Wednesday, following Federal Reserve Chair Janet Yellen’s dovish speech. The dollar index fell 0.23% during the Asian session today, confirming weakness in the US currency. The euro gained, erasing most of yesterday’s losses on the back of falling bond yields. Janet Yellen started her two-day testimony to Congress yesterday with a more dovish take on monetary policy that sent the greenback plunging below the 113 level. The Fed Chair anticipates interest rates hikes [..]

Forex Market Review (European Session) – US dollar plunges on Yellen’s dovish talk; loonie up on BOC interest rate hike

Posted on July 12, 2017 at 3:27 pm GMT

The US dollar plunged against the yen and other major peers following the release of Federal Reserve Chair Janet Yellen’s monetary policy report to Congress. The loonie gained against the greenback after the Bank of Canada announced an interest rate increase at its monetary policy meeting today. The Fed Chair Janet Yellen in her opening remarks to Congress took a positive stance on the labor market and the US economy. She said job gains were above the bank’s estimate and [..]

Forex news – Sterling finds support on stronger-than-expected U.K. jobs report

Posted on July 12, 2017 at 1:30 pm GMT

Sterling managed to reverse its losses made earlier during the Asian session after a batch of U.K jobs and wage data came to light on Wednesday, surprising to the upside. The question arising now is whether the Bank of England’s policymakers will synchronize their opinions on future monetary policy and therefore raise interest rates after almost a year of no change. In contrast to disappointing manufacturing, construction and industrial figures in May, jobs data out of the U.K. today came [..]

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