XM does not provide services to residents of the United States of America.

XM does not provide services to residents of the United States of America.

GBPUSD

  1. XM
  2. GBPUSD
post-image

Forex Market Review (European Session) – US dollar recovers ahead of July 4th holiday; Global manufacturing PMIs paint upbeat picture

Posted on July 3, 2017 at 2:21 pm GMT

The dollar managed to regain a part of its recent losses today, as Purchasing Managers’ Indices from around the world painted an upbeat picture of the global economy. As the dollar strengthened, particularly noteworthy was its break above 113 versus the yen; a 1 ½ – month high for the greenback.  The yen was also near its 1 ½ -year low against the euro as it traded around 128.40.  In Japan, signs of optimism from large manufacturers and services’ companies [..]

post-image
post-image

Forex Market Review (Asian Session) – Dollar modestly up; euro falls below 1.14

Posted on July 3, 2017 at 7:48 am GMT

Today’s Asian session saw the dollar broadly advancing relative to other majors, though its gains were limited in nature. China’s Caixin manufacturing PMI positively surprised, pushing the yuan higher, while a negative backdrop could potentially form for the yen after Prime Minister Shinzo Abe’s Liberal Democratic Party lost an election in Tokyo. As Asian traders were completing their day, the dollar index was up two-tenths of a percent at 95.79. The index, which gauges the greenback against a basket of [..]

post-image

Forex Market Review (European Session) – Dollar on course for worst quarter in 7 years; loonie at 10-month high

Posted on June 30, 2017 at 2:47 pm GMT

Today’s European session was a rather busy one in terms of data releases. Final UK figures on first quarter economic growth confirmed economic activity slowing down in the nation, while inflation figures out of the eurozone surprised to the upside but failed to boost the euro. Out of the US, consumer spending and the reading for the core PCE index were among the releases attracting attention. US consumer spending recorded a slight increase in May, rising by 0.1% month-on-month, in [..]

post-image

Week Ahead – US and Canadian jobs data eyed amid rate hike talk; RBA and UK PMIs also in focus

Posted on June 30, 2017 at 10:38 am GMT

Employment reports out of the United States and Canada will be scrutinized as the Fed eyes a third rate hike and the Bank of Canada moves closer to a tightening cycle. Central bank meetings will include the Reserve Bank of Australia and the Riksbank, while PMI data out of the United Kingdom, the Eurozone, China, Canada, and the United States will also be watched. RBA set to maintain neutral stance The Reserve Bank of Australia is expected to hold rates [..]

post-image
post-image

Forex Market Review (Asian Session) – Yen, kiwi up; euro volatile ahead of inflation, eyes key data releases

Posted on June 30, 2017 at 8:04 am GMT

During today’s Asian trading session, news and data flow was mostly focused on Japan and China. The yen is up for the third consecutive day relative to the dollar. The euro, sterling and the aussie retraced some of the early gains against the dollar as the Asian session was closing. The upbeat in China’s manufacturing PMI pushed up the aussie against the dollar (as China and Australia are major trading partners) to reach an intra-day level of $0.7712, a more [..]

post-image

Forex Market Review (European Session) – US GDP lends dollar a temporary lift; euro’s strength unfolds

Posted on June 29, 2017 at 2:40 pm GMT

As the European trading session was coming to a close, the forex market reacted to a string of data releases. The dollar was helped by a positive revision of the first-quarter US GDP, though the gains didn’t last long. Upbeat data out of the eurozone helped the euro maintain its positive trend. The US economy grew at a better pace than initially estimated in the first quarter on the higher consumer spending and a jump in exports. The first quarter [..]

post-image
post-image

Forex Market Review (Asian Session) – Dollar index hits 9-month low; other majors strengthen on hawkish central bankers

Posted on June 29, 2017 at 7:49 am GMT

The dollar index, a broad measure of the greenback’s strength, hit a nine-month low, as other major currencies strengthened on the back of their central banks preparing to scale back the accommodative monetary policies. While yesterday’s forex trading session was mostly dominated by central bankers’ speeches, whose comments drove most of today’s Asian session, the rest of the trading day will likely be commanded by a heavy flow of data releases out of both the eurozone and the US. The [..]

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.