All Articles Tagged - GBPUSD

Forex News – Dollar steady after FOMC minutes leave a hawkish message amid signs of split

Posted on July 6, 2017 at 10:33 am GMT

Late on Wednesday, the Federal Reserve (Fed) published the minutes of its meeting held in June 13-14, providing the reasoning behind its decision to raise the fed funds rate for the second time this year to a target range of 1.00-1.25% and its intention to reduce the size of the balance sheet. However, the release of the minutes did not provide a strong support to the dollar, with major currency pairs remaining flat in the forex markets. The Fed minutes revealed that bank officials are in [..]

FX Daily Outlook | 06-07-17

Posted on July 6, 2017 at 8:29 am GMT

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Forex Market Review (Asian Session) – Fed split opinions weaken dollar short-term; euro under pressure

Posted on July 6, 2017 at 7:40 am GMT

The US dollar had weakened against the yen during the early Asian trading session on the mixed tone from the minutes of the Fed’s latest meeting. However, the greenback gathered strength as the yen gave up gains ahead of the European open. Australia’s trade surplus lent some short-lived gains to the aussie. Minutes from the Fed’s latest meeting in June, at which the US central bank voted to raise interest rates, showed an absence of consensus about when to start the [..]

Forex Market Review (European Session) – Dollar continues rally ahead of Fed minutes and Friday’s jobs report; oil plummets

Posted on July 5, 2017 at 2:23 pm GMT

The US dollar put in a strong performance in post-July 4th trading ahead of key data releases tomorrow and Friday and as traders eagerly expected the minutes from the latest Fed meeting. Euro/dollar dropped to as low as 1.1311 during Wednesday’s European trading while dollar/yen rose to as high as 113.67 in a broad move higher for the greenback. The dollar index reached a 1-week high of 96.23 and thereby recovered some of the losses it suffered the previous week. [..]

FX Daily Outlook | 05-07-17

Posted on July 5, 2017 at 9:59 am GMT

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Forex Market Review (Asian Session) – US dollar steady ahead of Fed minutes; euro, sterling modestly up

Posted on July 5, 2017 at 7:51 am GMT

Following yesterday’s low trading activity during the US session amid the 4th of July holiday in the US, not much data has been released during today’s Asian session either. Both, the euro and sterling modestly gained against the dollar. Looking at commodities, both oil prices and gold were up. The Australian dollar retraced some of yesterday’s losses, last trading at $0.7614, after tumbling on Tuesday as a result of the Reserve Bank of Australia’s decision to maintain a neutral policy [..]

Forex Market Review (European Session) – Praet keeps euro down while safe havens benefit from North Korean missile test

Posted on July 4, 2017 at 2:31 pm GMT

It was a relatively quiet forex trading session for Europe on Tuesday, as the 4th of July holiday in the US brought down volumes and overall activity. The main news of the day was the test of a long-range missile by North Korea, which led investors to seek the safety of havens such as the yen and gold. The gains by both the yen and gold were relatively modest however, suggesting that the North Korean action did not unsettle investors [..]

FX Daily Outlook | 04-07-17

Posted on July 4, 2017 at 9:28 am GMT

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Forex Market Review (Asian Session) – Aussie under pressure; geopolitical concerns lift yen

Posted on July 4, 2017 at 7:45 am GMT

The Australian dollar came under pressure against the greenback on the unchanged cash rate by the Reserve Bank of Australia. Meanwhile, the yen got a lift amid geopolitical concerns induced by another North Korea missile test. The euro and sterling were broadly steady against the US dollar. The RBA left its cash rate unchanged at a historic low of 1.5% during its policy meeting earlier today. While this was widely expected by the markets, the aussie was under pressure against [..]

Technical Analysis – GBPUSD pauses rally but remains bullish above Ichimoku cloud

Posted on July 4, 2017 at 6:44 am GMT

GBPUSD paused a strong rally that took the pair to a high of 1.3029 on June 30. The near-term bullish phase has not shifted yet despite a pullback from this high as the market remains above the daily Ichimoku cloud. Meanwhile, other technical indicators are positively aligned, adding to the assertion that the short-term bullish bias is still intact. There is not much scope for a sustained decline since the RSI is still in bullish territory above 50 and the [..]

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