All Articles Tagged - GBPUSD

Forex Market Review (Asian Session) – Gold and yen jump on risk aversion after US missile strike on Syria; focus shifts to nonfarm payrolls

Posted on April 7, 2017 at 7:46 am GMT

Gold and the yen jumped during Asian trading on Friday, while stock markets fell on geopolitical risk, pushing investors out of risky assets and into safe havens. There were flows into US Treasuries as well. News of a US missile launch on an airbase in Syria rattled global markets, as it raised the risk of a confrontation with Russia and Iran. The knee-jerk reaction in the forex markets saw the dollar drop against the yen to its lowest level since [..]

Forex Market Review (European Session) – Euro hurt by Draghi; Trump-Xi meeting in focus

Posted on April 6, 2017 at 2:57 pm GMT

The main data point in today’s European session trading pertained to US weekly jobless claims. Those came in better than expected but failed to provide an additional boost to an otherwise stronger dollar on the day. Beyond economic releases, the Trump-Xi meeting looms ahead, while the euro was negatively affected by some dovish-perceived comments by the head of the European Central Bank. The dollar index, a broad gauge of dollar strength, edged higher today. If it closes in the green, [..]

Forex Market Review (European Session) – Dollar gains on robust ADP jobs; sterling lifted by services PMI

Posted on April 5, 2017 at 2:48 pm GMT

Sterling was one of the best performing major currencies after UK data surprised to the upside. The dollar jumped higher after ADP jobs beat expectations. After a relatively quiet start to the European session, the dollar moved out of its range and rallied strongly against the yen on the robust ADP data, to break above the key 111-yen level. The ADP employment report released today showed private payrolls in the US rose by 263,000 in March, which was far above the 187,000 [..]

Forex News – Sterling jumps after positive services PMI; UK economic outlook not so upbeat

Posted on April 5, 2017 at 10:56 am GMT

The UK services PMI for the month of March was released today beating estimates and coming at a three-month high. The news was welcomed, especially after manufacturing and construction PMIs fell short of expectations earlier in the week. The services sector is the prime contributor to UK Gross Domestic Product. Looking at the actual figure for Markit/CIPS services PMI, that stood at 55.0 as opposed to the 53.5 expected by analysts. The number was also an improvement over February’s 53.3. [..]

FX Daily Outlook | 05-04-17

Posted on April 5, 2017 at 8:42 am GMT

[..]

Forex Market Review (Asian Session) – Quiet session ahead of risk events; oil rises after fall in stockpiles

Posted on April 5, 2017 at 7:53 am GMT

There was limited price action today as investors remained sidelined ahead of big risk events coming up this week. Major currencies mostly traded in tight ranges during the Asian session, with risk-off sentiment keeping trading volumes low, while a lack of major economic releases kept the market focus on the meeting between US President Donald Trump and China’s President Xi Jinping that will last two days, starting on Thursday. This will be the two leaders’ first face-to-face meeting since Trump took [..]

Forex Market Review (European Session) – Yen benefits by risk-off sentiment; dollar index gains

Posted on April 4, 2017 at 3:05 pm GMT

Today’s European session was relatively light in terms of data releases, with US factory orders and trade figures out of the US and Canada, as well as Eurozone retail sales being among the economic releases attracting attention. Beyond these, the strengthening of the yen was indicative of the market’s tilt towards risk aversion. Yesterday’s terror attack in St Petersburg, in conjunction with the uncertainty surrounding the meeting between US President Donald Trump and his Chinese counterpart Xi Jinping, taking place [..]

Forex Market Review (European Session) – Sterling falls on poorer than expected PMI data; dollar backtracks from earlier gains

Posted on April 3, 2017 at 3:03 pm GMT

Traders were hit with manufacturing data out of the US, Eurozone and the UK during today’s European session. Eurozone unemployment and producer prices were among the day’s releases as well. The dollar index was flat in late European session trading after giving up on gains made earlier in the day. Dollar / yen was last slightly down for the day at around 111.10. The euro fell to a near three-week low of $1.0649 after mixed Eurozone data before recovering to [..]

FX Daily Outlook | 03-04-17

Posted on April 3, 2017 at 8:27 am GMT

[..]

Forex Market Review (Asian Session) – Aussie pressured by weak retail sales; greenback steady after tumble on dovish Dudley comments

Posted on April 3, 2017 at 7:30 am GMT

The aussie was one of the worst performing major currencies following weak Australian retail sales data. The dollar index, which measures the greenback against a basket of currencies, remained above the 100 psychological level. The yen was little changed after a report showed an improving outlook among Japan’s largest firms. The Bank of Japan’s Tankan survey rose for a second straight quarter to hit a one-and-a-half year high in March. The headline index for big manufacturers’ sentiment stood at plus 12 [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

GBPUSD

XM Live Chat