All Articles Tagged - GBPUSD

Forex News – Trump Inauguration fails to reignite dollar rally

Posted on January 23, 2017 at 4:16 pm GMT

Donald Trump’s conciliatory victory speech following the November 8 election spurred mass optimism in the markets that led to a risk-on period with the dollar recording significant gains against its main counterparts. His inauguration speech though fared little resemblance to the November 9 one, as the themes of protectionism and nationalism reemerged as central ones. The tone of his speech was also confrontational rather than unifying. Market participants have priced in a lot of positive developments associated with the Trump presidency [..]

European Session – Dollar steadies near 1½-month lows as Trump angst continues to worry markets

Posted on January 23, 2017 at 3:33 pm GMT

Investor anxiety over Donald Trump’s policies continued to dampen market sentiment in European trading on Monday as the US dollar languished near 6½-week lows against a basket of currencies. The dollar index hit the lowest since December 8, touching 100.21, before recovering slightly to around 100.45 in late European session. Against the yen, the greenback hovered around 113.50 after dropping as low as 113.16 in the Asian session, while the euro eased slightly from 1½-month highs of 1.0754 dollars. The [..]

FX Daily Outlook | 23-01-17

Posted on January 23, 2017 at 10:08 am GMT

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Asian session – US dollar extends losses after Trump inauguration

Posted on January 23, 2017 at 8:28 am GMT

The US dollar extended its decline from Friday, as the market continued to lighten up on long dollar positions after Donald Trump’s inauguration speech. According to analysts, Trump’s speech was nationalistic and protectionist in tone as it stressed the need to produce goods in the United States and to hire US workers. The Trump administration looks more likely to follow a unilateral approach on economic and trade policy. There was less in the speech about upcoming fiscal stimulus; a theme [..]

European Session – Markets steady ahead of Trump’s inauguration; Oil rallies ahead of compliance meeting

Posted on January 20, 2017 at 4:16 pm GMT

Currency markets were relatively calm in Friday’s European session as global attention turns to President-elect Donald Trump’s inauguration ceremony in Washington. Investors will be eagerly watching for further clues on Trump’s economic policies in his inauguration address as much uncertainty remains over whether the new administration will implement many of the pledges made during the election campaign. The greenback fluctuated around 115 yen for much of the session, having recovered from its Asian session low of 114.53 to peak at [..]

Week Ahead – First look at US, UK Q4 GDP; UK Supreme Court to rule on Brexit trigger

Posted on January 20, 2017 at 2:45 pm GMT

GDP and CPI data will dominate the coming week as the UK and the US publish their first estimates of how growth fared in Q4, while the latest inflation numbers out of Australia, New Zealand and Japan will come under the spotlight too. Headlines from Donald Trump’s inauguration speech could have an impact on trading on Monday, and there could also be some volatility from the UK Supreme Court’s ruling on triggering Article 50 on Tuesday. Eurozone economy likely strong [..]

European Session – Euro tests $1.06 as Draghi plays down threat from rising inflation

Posted on January 19, 2017 at 4:02 pm GMT

The euro came under pressure on Thursday as ECB President Mario Draghi played down any immediate risks from the recent pick-up in inflation across the Eurozone. The US dollar meanwhile continued to advance higher following yesterday’s hawkish remarks by Fed Chair Janet Yellen, and the pound was also back in demand. As widely expected, the European Central Bank held its three key interest rates unchanged today at its first policy meeting of the year. In addition, the Bank kept the [..]

FX Daily Outlook | 19-01-17

Posted on January 19, 2017 at 10:00 am GMT

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Asian session – Yen tumbles as dollar benefits from Yellen’s rate views

Posted on January 19, 2017 at 8:47 am GMT

The Japanese yen was the main loser of Thursday’s session as stability in global risk assets caused some profit-taking in the safe haven currency. Dollar / yen rallied especially strongly as Fed Chair Janet Yellen expressed views that were more in line with what the hawks in the Federal Reserve were saying recently. Specifically Yellen said that a delay in raising rates could have negative consequences for inflation and / or financial stability and that she saw a steady pace [..]

European Session – Pound slips back despite strong jobs data; Dollar attempts modest rebound

Posted on January 18, 2017 at 4:22 pm GMT

The US dollar recorded some gains against its major peers today following the previous days’ major losses. Indicative of the strengthening dollar was the rise in the dollar index to 100.63 in late European session, from 100.33 the previous day. Cable was down 0.8% at 1.2314 after strengthening by more than 3% in yesterday’s trading. The euro was down roughly a quarter of a percent at 1.0682 dollars, while dollar/yen was up by two-thirds of a percent at 113.34 after [..]

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