All Articles Tagged - GBPUSD

Forex Market Review (European Session) – Eurozone CPI disappoints; dollar flat

Posted on March 31, 2017 at 3:48 pm GMT

Market participants had a lot of information to digest in terms of economic releases as, among others, the day saw the release of final UK GDP data for the fourth quarter of 2016, Eurozone flash inflation estimates for March and US personal consumption expenditure (PCE) figures for the month of February. The greenback, as measured from the dollar index, was flat in late European session trading. Still the US currency had an otherwise strong week and should the dollar pick [..]

Week Ahead – US NFP, RBA meeting and UK PMIs among highlights in busy data week

Posted on March 31, 2017 at 3:03 pm GMT

It will be a busy week for economic data in the next seven days, which will be dominated by PMI surveys and trade figures. The highlight though will come from the latest non-farm payrolls numbers out of the United States, while the Reserve Bank of Australia’s policy meeting and the Bank of Japan’s Tankan survey will also be watched. Japanese business outlook expected to improve further The Bank of Japan will publish its quarterly Tankan survey on Monday and the [..]

FX Daily Outlook | 31-03-17

Posted on March 31, 2017 at 9:22 am GMT

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Forex Market Review (Asian Session) – Dollar on track for weekly gains after lift from US GDP data; China manufacturing PMI rises

Posted on March 31, 2017 at 7:53 am GMT

The US dollar is set to end the week with gains after being lifted by strong US GDP data and hawkish Federal Reserve officials who support further rate increases this year. The Australian dollar was underpinned by upbeat Chinese data. China’s official factory gauge rose to the highest level in almost five years, with the March manufacturing PMI coming in at 51.8 versus a 51.7 reading expected and was up from the previous 51.6 print. Today’s data points to stabilization [..]

Forex Market Review (European Session) – Weaker euro after German inflation misses estimates; Q4 US GDP revised upwards

Posted on March 30, 2017 at 2:45 pm GMT

The final estimate of fourth quarter GDP and jobless claims out of the US, as well as March German inflation and data pertaining to sentiment in the eurozone economy, including consumer confidence, were released today. Besides economic releases, the dollar was again edging higher today. The dollar index, which gauges the greenback’s strength relative to six major US trade partners, continued climbing today, though moderately. The index is partly pushed higher due to the dollar gaining momentum versus the euro, [..]

Technical Analysis – GBPUSD slips back into cloud; neutral bias

Posted on March 30, 2017 at 11:00 am GMT

GBPUSD has slipped back into the Ichimoku cloud after finding resistance at the 1.26 level. The pair had recovered from an 8-week low of 1.2108 in mid-March to climb above the 1.26 level on Monday for the first time since early February, taking prices above the Ichimoku cloud. The near-term bias is looking neutral as the RSI is just about in bullish territory at 53, though the momentum remains to the downside as the stochastics are still in bearish ground [..]

FX Daily Outlook | 30-03-17

Posted on March 30, 2017 at 8:26 am GMT

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Forex Market Review (Asian Session) – Dollar broadly stronger on positive Fed rate hike outlook; pound steady after Article 50 trigger

Posted on March 30, 2017 at 7:47 am GMT

The dollar index rose on the positive outlook for US interest rates while the euro remained under pressure on ECB-related headlines. Sterling was stable after a big dip earlier in the week ahead of the triggering of Article 50 that took place yesterday. The US currency benefitted from some upbeat rhetoric from Federal Reserve officials who support further rate hikes. While the consensus is for a total of three increases in the interest rate this year, Boston Fed President Eric [..]

Forex Market Review (European Session) – Brexit dominates investor attention; Sterling resilient

Posted on March 29, 2017 at 3:43 pm GMT

There were some data releases today, particularly out of the UK as well as pending home sales numbers for the US, but those were shrugged off by investors for the most part as the highlight of the day was the triggering of Article 50 for the UK to officially move ahead with the process of exiting the European Union. British Prime Minister Theresa May’s triggering of Article 50 today marks a historic moment for the UK as the nation will [..]

Forex News – Pound pressured as uncertainty looms following official launch of Brexit talks

Posted on March 29, 2017 at 2:42 pm GMT

The negotiating period for Britain to exit the European Union and end 44 years of membership officially commenced after the Article 50 letter was signed by UK Prime Minister Theresa May and was delivered today to EU Council President Donald Tusk by the UK’s ambassador to the EU, Tim Barrow. Article 50 of the Treaty of Lisbon became law in December 2009 and stipulates that “any EU Member State may decide to withdraw from the Union and it basically provides a path [..]

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