All Articles Tagged - GBPUSD

Forex Market Review (Asian Session) – Sterling rallies ahead of UK GDP

Posted on April 28, 2017 at 7:48 am GMT

The yen was better bid today as risk sentiment was the main driver despite a slew of data out of Japan during today’s Asian session. Japan’s core CPI number remained well below the Bank of Japan’s 2% target and rose at a slower pace in March by 0.2% year-on-year versus expectations for a 0.3% increase. Household spending was weak as it fell much more than expected by 1.3% in March from a year earlier. Other data for March showed industrial [..]

Forex Market Review (European Session) – Euro eases from highs; dollar steady ahead of Trump tax plans

Posted on April 26, 2017 at 3:02 pm GMT

The euro eased back from its earlier highs in Wednesday’s European session, while the US dollar largely held on to its gains as the market’s attention shifted to the much-anticipated announcement on tax reforms by the US Treasury Department. After two days of solid gains, the euro succumbed to profit taking as it pulled away from the 5½-month high of 1.0950 touched earlier in the day to ease to around 1.0880 dollars in late European session. Another factor driving the [..]

Forex Market Review (European Session) – Euro still buoyed by Macron win; Loonie under pressure from Trump

Posted on April 25, 2017 at 3:01 pm GMT

Markets remained in risk-on mood in European trading on Tuesday with the euro nudging further upwards against most of its major peers, while the safe-haven yen extended its declines. European and US equities also continued to make gains on the back of Sunday’s French election result where the centrist Emmanuel Macron became the frontrunner to win the second round on May 7. The euro was pushing towards fresh highs against the US dollar as it powered ahead to hit a [..]

Forex Market Review (European Session) – French election outcome dominates markets; risk-on appetite resumes

Posted on April 24, 2017 at 3:01 pm GMT

There were some economic releases hitting the markets during today’s European session trading, including the German Ifo survey measuring business morale in Europe’s largest economy. But the outcome of the first round of French presidential elections was undoubtedly the factor underlying most major movements in financial markets today. The pro-EU Emmanuel Macron coming in first, ahead of anti-EU rival Marine Le Pen, in the first round of French presidential elections helped boost the euro in today’s trading. Specifically, the single [..]

Week Ahead – US and UK GDP eyed amid slowing consumer spending; French election, ECB and BoJ meetings also in focus

Posted on April 21, 2017 at 4:01 pm GMT

After a quiet week for data following the Easter celebrations, the economic calendar is looking busier over the coming seven days. However, political events could once again overshadow the statistics as France holds the first round of its presidential election on Sunday. Central banks will also be under the spotlight with both the European Central Bank and the Bank of Japan holding their scheduled policy meetings. In terms of data, the first estimates of US and UK GDP will be [..]

Forex Market Review (European Session) – Euro slips ahead of French vote; sterling hit by disappointing UK retail sales data

Posted on April 21, 2017 at 2:51 pm GMT

Sterling tumbled after UK retail sales data significantly missed expectations on all counts. The euro slipped despite stronger PMIs as French elections loom. The safe haven yen was supported against a backdrop of event and geopolitical risk. Cable dipped below the key $1.2800 level in response to a disappointing UK retail sales report. Month-on-month retail sales fell 1.8% in March after a 1.7% increase in February. The headline figure came in at 1.7% year-on-year versus the 3.4% forecast. The quarterly [..]

FX Daily Outlook | 21-04-17

Posted on April 21, 2017 at 8:37 am GMT

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Forex Market Review (Asian Session) – Euro holds above $1.07; dollar supported by Mnuchin comments on tax reform

Posted on April 21, 2017 at 7:42 am GMT

Risk aversion dominated the markets, following news of the terrorist attack in Paris and risk ahead of the French elections, giving safe havens a boost. Investors were already in countdown mode to Sunday’s first round vote in France, which kept the euro subdued. A recent poll showed Macron at 24%, Le Pen at 21.5%, Fillon at 20% and Melenchon at 19.5%, making it a very tight race. Limited action is expected for the euro ahead of the vote although flash PMI [..]

Forex Market Review (European Session) – Euro and sterling hold gains against dollar while yen underperforms

Posted on April 20, 2017 at 2:48 pm GMT

The euro was relatively firm on the day while the yen was one of the worst performing major currencies. The dollar was mixed but softer against the majors like the euro and sterling, which helped commodity prices higher. The dollar index, which gauges the US currency against six major counterparts, fell to a three-week low of 99.37. Data out of the Eurozone included German PPI which was flat in March, versus expectations of a 0.2% month-on-month gain. It rose 3.1% [..]

Forex Market Review (European Session) – Dollar lacks momentum on falling yields, doubts over Trump

Posted on April 19, 2017 at 2:47 pm GMT

Besides final Eurozone inflation data for the month of March and some data on US crude oil inventories, investors didn’t have much to digest in terms of economic data during today’s European session trading. Political developments were once again on the spotlight. The dollar index gained some ground today after three straight days of falls, but even at its highest it failed to break above the 100 level. The greenback lost part of its allure as the yields on US [..]

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