All Articles Tagged - GBPUSD

Week Ahead – China GDP, ECB meeting and May’s Brexit speech in focus

Posted on January 13, 2017 at 2:29 pm GMT

The coming week will be a busier one for financial markets as key data releases and central bank meetings get underway. GDP figures out of China and the European Central Bank’s policy meeting will be the highlights but the biggest headline grabber could be the much-awaited speech on Brexit by British Prime Minister, Theresa May. Also coming up next week is the World Economic Forum in Davos, Switzerland on January 17-20, though major central bank heads appear to be giving [..]

FX Daily Outlook | 13-01-17

Posted on January 13, 2017 at 10:19 am GMT

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Asian session – US dollar steadies ahead of retail sales

Posted on January 13, 2017 at 8:45 am GMT

The US dollar was trying to contain the damage from Trump’s press conference on Wednesday, as the dollar index came back by around 0.5% from the previous day’s low. There was little fresh news for the market to digest and it seemed movements were still related to Wednesday’s inconclusive Trump press conference. Euro / dollar dropped back to 1.0625, compared to the previous day’s high of 1.0684, while dollar / yen was nearly a yen higher than its previous day’s [..]

European Session – Dollar steadies around 114 yen; Euro hits one-month high on ECB QE split

Posted on January 12, 2017 at 4:08 pm GMT

The slide in the US dollar continued to lift other currencies to multi-week highs in today’s European session as investors shun the greenback after Donald Trump failed to offer any new insight on his policy direction. The dollar index fell to a one-month low of 100.72 as the greenback sank against most currencies. Against the yen, the dollar hit a one month low of 113.75 yen at the start of European trading before rebounding to around 114 yen in late [..]

Investment themes – Political developments trump fundamentals for dollar, pound

Posted on January 12, 2017 at 3:17 pm GMT

One interesting theme for the second half of 2016 as well as for the first few days of 2017 has been how political developments are moving two of the world’s most important currencies: the dollar and the pound. The two currencies are paying less attention to economic fundamentals and more on the pronouncements of the two countries’ new leaders, Prime Minister Theresa May and President-elect Donald Trump on Brexit and possible fiscal stimulus respectively. In the UK, statements by May [..]

Forex News – Lack of Trump policy detail drives dollar to one-month lows; peso tumbles

Posted on January 12, 2017 at 1:13 pm GMT

Donald Trump’s highly anticipated press conference on Wednesday left financial markets disappointed as the US President-elect provided little new detail on what economic policies he will pursue once he takes office on January 20. The US dollar fell sharply against its major counterparts as traders had been hoping that Trump would clarify some of his campaign pledges such as on tax cuts, infrastructure spending and trade policy. Expectations of a fiscal stimulus by the incoming administration had triggered the latest [..]

FX Daily Outlook | 12-01-17

Posted on January 12, 2017 at 10:40 am GMT

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European Session – Markets look to Trump press conference for direction; dollar edges higher

Posted on January 11, 2017 at 3:22 pm GMT

Major currencies see-sawed in their recent trading ranges, with the US dollar edging upwards ahead of the much anticipated press conference by Donald Trump later in the day. The President-elect is due to hold his first press conference since his election win at around 1600 GMT where he is expected to provide some clarity on his policies. Investors will be particularly interested in his trade and economic policies given much talk about a fiscal stimulus and import tariffs. The dollar [..]

FX Daily Outlook | 11-01-17

Posted on January 11, 2017 at 10:19 am GMT

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Asian session – US dollar recovers a little ahead of key Trump conference but Mexican peso hits record low

Posted on January 11, 2017 at 8:33 am GMT

The US dollar recovered some ground during Wednesday’s Asian trading, but it had given back some of those gains by the end of the session. The dollar index was around the 102 level, having traded as high as 102.20. Currency markets were relatively quiet ahead of a press conference by President-elect Donald Trump, where he is expected to outline some of his economic policies. There is considerable uncertainty about what economic policies the new President will adopt. On the positive side, fiscal [..]

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