All Articles Tagged - GBPUSD

Forex Market Review (European Session) – Weak data fails to dent US dollar; sterling weakens near 10-day low

Posted on July 11, 2017 at 3:03 pm GMT

The dollar ignored a weaker-than-expected US JOLTs report and rose higher against the yen as the European session was coming to a close. The greenback gained against most of its major counterparts, with the dollar index rising a tenth of a percent to 96.125. Oil reversed from its earlier gains. The JOLTS report showed the number of job openings in the US fell to 5.666 million in May from a downwardly revised 5.967 million in the previous month and fell short [..]

FX Daily Outlook | 11-07-17

Posted on July 11, 2017 at 9:30 am GMT

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Technical Analysis – GBPUSD bearish in short-term; prices falling in down sloping channel

Posted on July 11, 2017 at 8:46 am GMT

GBPUSD is in a downtrend in the short-term after falling from the June 30 high of 1.3029. The risk remains to the downside as the market is falling in a down sloping channel on the 4-hour chart. The RSI indicator is below 50, which also asserts the bearish bias in the market. However, the indicator has flattened out, suggesting downside momentum has faded, leading to consolidation in the near-term or possibly a pullback in prices. GBPUSD has found support in [..]

Forex Market Review (Asian Session) – Aussie gains on strong business conditions; dollar strength unfolds; oil up slightly

Posted on July 11, 2017 at 7:34 am GMT

As the Asian markets were about to close for the day, the dollar continued strengthening against the yen and the euro. The Australian dollar rose for the day on strong business conditions, while pressure on oil eased, as commodity prices showed some gains. The Australian dollar was among the rare gainers against the greenback during the Asian trading session. Supported by the newest data pointing to strong business conditions, the aussie climbed to $0.7623 ahead of the European open. Australian [..]

Forex Market Review (European Session) – Dollar at 2-month high vs yen; euro falls as bond yields ease

Posted on July 10, 2017 at 2:21 pm GMT

As the European session was coming to a close, the dollar edged higher against most major currencies. Falling yields on eurozone bonds as the bond sell-off eased, could have contributed to the euro pressure. The dollar continued strengthening against most major currencies during the European session on the back of the better-than-expected jobs report on Friday. The dollar index, a broad measure of the greenback’s strength, was up 0.16% percent on the day. Dollar/yen was last trading at 114.22, while [..]

FX Daily Outlook | 10-07-17

Posted on July 10, 2017 at 8:51 am GMT

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Forex Market Review (Asian Session) – Dollar continues to strengthen; euro steady; commodities pressured

Posted on July 10, 2017 at 7:51 am GMT

As the Asian markets were coming to a close, the dollar continued gaining against the yen following a strong boost on Friday. In the meantime, the yen was also weakened by soft data releases, reaching a near two-month low against the dollar. The euro was steady against the dollar while the pound gained ground, to ease some of the Friday’s weakness. The dollar continued building on Friday’s gains against the yen during today’s Asian session. Today’s speech by Bank of [..]

Week Ahead – Bank of Canada could hike rates; US data and Yellen testimony eyed

Posted on July 7, 2017 at 3:31 pm GMT

The Bank of Canada could become the first major central bank other than the Federal Reserve to raise rates next week for the first time since at least 2015. The only other important central bank event next week is Fed Chair Janet Yellen’s testimony in Congress. In terms of data, the US will dominate again with key releases that will include CPI and retail sales figures. China will also publish inflation data, while in the UK, the labour market report [..]

FX Daily Outlook | 07-07-17

Posted on July 7, 2017 at 8:43 am GMT

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Forex Market Review (Asian Session) – Yen falls on BoJ bond purchases; dollar gains ahead of jobs report

Posted on July 7, 2017 at 7:43 am GMT

During the Asian trading session, the yen fell against the dollar amid the latest Bank of Japan bond intervention. This helped the greenback reverse its losses against the yen following yesterday’s disappointing set of data out of the US. The focus of the day will be on the key jobs report to be released later in the day by the US Labor Department. The yen weakened against its major counterparts after the BoJ announced it was ready to purchase an [..]

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