All Articles Tagged - GBPUSD

European Session – Dollar sinks on Trump’s currency comments; Euro surges to 7-week high

Posted on January 31, 2017 at 4:13 pm GMT

Eurozone economic data dominated financial news as flash inflation figures for January, the unemployment rate for December and preliminary estimates for fourth quarter GDP were all released today. Delving into the numbers, headline inflation for January came in at 1.8% year-on-year, above the 1.6% expected and December’s 1.1%. This figure was the highest since February 2013. Core inflation, the figure excluding volatile food and energy prices, was in line with expectations and stable relative to the previous month’s 0.9% y/y [..]

FX Daily Outlook | 31-01-17

Posted on January 31, 2017 at 11:04 am GMT

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Asian session – Dollar steadies lower as safe havens gain on risk aversion

Posted on January 31, 2017 at 8:44 am GMT

The US dollar traded mostly sideways during today’s Asian session after reversing the sharp gains of the previous day on worries that the new US administration’s policies on immigration and trade could create uncertainty. Mainly benefitting from the US currency’s weakness was the Japanese yen, as dollar / yen dropped below 114 to 113.60. Dollar / yen was still about a yen away from the previous week’s 112.52 two-month low. Euro / dollar was trying to climb back above 1.07 [..]

European Session – Resurgent yen pushes dollar below 114; euro and pound also under pressure

Posted on January 30, 2017 at 4:22 pm GMT

Market sentiment remained risk-off in Monday’s European session as US President Trump’s actions continued to worry investors. The President’s decision on Friday to ban refugees from entering the US and to impose travel restrictions on seven Muslim-majority nations triggered a political backlash both in the US and internationally. It also raised expectations that Trump would follow through with his other campaign pledges, and given his views on China, this raised the prospect of a new trade war. The concerns weighed [..]

FX Daily Outlook | 30-01-17

Posted on January 30, 2017 at 10:47 am GMT

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Technical Analysis – GBPUSD near-term bullish, medium-term bearish

Posted on January 30, 2017 at 9:11 am GMT

GBPUSD has been posting losses for the third consecutive trading day. Looking at the RSI indicator, it is currently bullish at 57, above the 50 mark that separates positive from negative short-term sentiment. This view is reinforced by the stochastics as the %K line is also in bullish territory. Intraday downward movement is not to be ruled out though as the %K line has crossed below the slow %D line. Last week’s 6-week high of 1.2673, together with the 23.6% [..]

Week Ahead – BoJ, Fed and BoE meet amid rising inflation; NFP and Eurozone flash GDP also eyed

Posted on January 27, 2017 at 5:03 pm GMT

Central bank meetings will dominate a packed week as investors await for clues on policy direction, while a flurry of key data releases will also keep markets on edge. The US non-farm payrolls report and the flash estimate of Eurozone GDP will likely be the main highlights in terms of data. But political developments with President Trump and Brexit could also impact trading in a week where many Asian markets will be closed for the Lunar New Year celebrations. Bank [..]

European session – Dollar extends rebound despite US GDP miss

Posted on January 27, 2017 at 4:53 pm GMT

The US dollar made an effort to extend its comeback today as the markets seemed to be shifting focus from Trump’s protectionist messages to his pro-growth policies. Weaker-than-expected GDP growth pulled back the dollar from earlier gains, though this pull back does not seem enough for now to lead the dollar index to levels below yesterday’s close. US GDP grew at an annualized rate of 1.9% during the fourth quarter of 2016 per advance estimates. Expectations were for a 2.2% [..]

FX Daily Outlook | 27-01-17

Posted on January 27, 2017 at 10:24 am GMT

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Asian session – US dollar makes comeback on growth optimism

Posted on January 27, 2017 at 8:39 am GMT

The US dollar clawed back some of its recent losses during Friday’s Asian trading on optimism about US economic prospects and as some market participants speculated that the dollar’s recent losses had gone too far. The dollar index extended its run above the 100 mark to around 100.80, as the greenback posted solid gains across the board against other majors. Euro / dollar was pushed below the 1.07 level down to 1.0662, while dollar / yen rallied above 115 to [..]

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