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 (Asian Session) – Gold and yen at five-month highs on geopolitical risk

Posted on April 12, 2017 at 7:37 am GMT

Geopolitical concerns continued to be the dominant theme in the markets today, the yen jumped to five-month high and gold traded at the highest level this year. Risk aversion also pushed investors into the safety of US Treasuries. News related to tensions over North Korea and Syria mostly took the market’s attention and Chinese inflation data today were shrugged off as the figure was around expectations. CPI increased 0.9% year-on-year in March, which slightly undershot forecasts for a 1.0% rise, [..]

post-image

Forex Market Review (European Session) – Yen extends gains on risk aversion; Pound edges up after UK inflation data

Posted on April 11, 2017 at 2:06 pm GMT

The Japanese yen extended its gains into today’s European session as investors sought safety amid the heightened risk-off sentiment following tensions in the Middle East and in North Korea. US treasury notes were also in demand, with the yield on 10-year notes dropping to an intra-day low of 2.323%, which weighed on the greenback. Gold meanwhile climbed back towards last week’s 5-month high, hitting $1266 an ounce in late European trading. The US dollar wallowed around 110.60 yen for much [..]

post-image

Forex News – Pound jumps after UK inflation remains above BOE 2% target

Posted on April 11, 2017 at 11:14 am GMT

Sterling rose after inflation data showed UK consumer prices remained above the Bank of England’s 2% target in March. According to the Office for National Statistics, the annual CPI figure came in at 2.3% last month, as was widely expected, and was the same rate of increase as in February when CPI rose at the fastest since June 2013. That was the first time inflation exceeded the BoE’s 2% target in more than three years. The pound jumped to high [..]

post-image
post-image

Forex Market Review (Asian Session) – Dollar weakens, safe havens gain on geopolitics and Yellen comments

Posted on April 11, 2017 at 7:27 am GMT

Safe haven assets were in demand as risk aversion in the markets today drove investors to the yen and gold.  Geopolitical concerns and Fed Chair Janet Yellen’s comments weighed on US Treasury yields. The dollar index consolidated losses after falling below the key 101 level yesterday. Tensions in Syria and growing unease about North Korea supported gold prices, which rose for a second day to reach an Asian session high of $1257.46. The Chair of the US central bank, Janet [..]

post-image

Forex Market Review (European Session) – Dollar down despite 4-week high earlier in the day; upbeat housing data boost the loonie

Posted on April 10, 2017 at 2:47 pm GMT

Today’s European session was lacking any major economic releases as only the Sentix survey measuring Eurozone investor morale and housing starts out of Canada gathered some attention. Beyond those, recent geopolitical developments played a role in today’s movements as well. The dollar index was down one-tenth of a percent during late European session trading. The index, a broad gauge of dollar strength versus the currencies of major US trade partners, rose to a near four-week high of 101.34 earlier in [..]

post-image

Forex Market Review (European Session) – Dollar rebounds after closer look at latest job report; Pound slides to nine-day low

Posted on April 7, 2017 at 3:36 pm GMT

The highlight of the day in terms of data was the US jobs report but other developments on the geopolitical front, namely the US attack in Syria, also shaped market behavior during today’s European session trading. The dollar was stronger for the day relative to the euro and sterling but slightly weaker versus the Japanese currency in late European session trading. Dollar / yen hit an eleven-day low of 110.12 in Asian trading as news of a US missile launch [..]

post-image

Week Ahead – Inflation data out of US, UK and China expected; Yellen speech eyed

Posted on April 7, 2017 at 2:35 pm GMT

A stream of key economic data will be released in the coming week, with focus on the UK and the US, as both release inflation numbers. UK jobs and inflation data All eyes will also be on the UK labour market report, and notably on average earnings figures, for any sign that the higher inflation may be feeding through to employee pay. The Bank of England will likely closely watch the data, as softer wage growth would weaken the case [..]

post-image

Forex News – UK industrial and trade data heightens slowdown fears; pound slips

Posted on April 7, 2017 at 10:44 am GMT

Economic data out of Britain today heightened fears about a possible slowdown in UK growth, just as Brexit negotiations officially get underway. After a strong surge in industrial production at the end of 2016, output fell for the second consecutive month in February, raising expectations of weak first quarter growth. Industrial output fell 0.7% month-on-month in February, missing estimates of a 0.2% increase, while the annual rate eased from an upwardly revised 3.3% in January to 2.8% in February. The [..]

post-image

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