All Articles Tagged - GBPUSD

Week Ahead – 2017 gets off to busy start with Non-farm payrolls and PMI data

Posted on December 30, 2016 at 1:22 pm GMT

As the holiday period comes to an end, the economic calendar is looking more packed over the coming week despite many major markets being closed on January 2nd. The US and the Eurozone will have the busiest calendars, while PMI figures out of China and the UK will also be important. China manufacturing PMI likely to ease in December Whilst most of the world will be celebrating the New Year, PMI data out of China will start the week on [..]

FX Daily Outlook | 30-12-16

Posted on December 30, 2016 at 10:27 am GMT

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Asian Session – Euro spikes above $1.06 in thin trade; Dollar recovers above 117 yen

Posted on December 30, 2016 at 9:57 am GMT

Major pairs were hit by volatility on Friday as ultra-thin volumes on 2016’s last trading day triggered some sharp moves. The euro spiked up to 1.0652 dollars in early Asian trading in a move that was triggered by an illiquid market than by news. The jump had a knock-on effect on other crosses and the dollar briefly fell to a 2-week low of 116.04 yen. Things settled later in the Asian session with the euro easing to around 1.0525 dollars. [..]

European Session – Dollar attempts a rebound in muted holiday trading

Posted on December 29, 2016 at 3:54 pm GMT

Currency markets were subdued on Thursday as volumes remained light with just one more trading day left before the end of the year. The US dollar moved away from the two-week lows it touched against the yen earlier in the day, while the euro and the pound managed to hold on to key levels. With little in terms of new data to excite the markets, US treasury yields continued to be the main driver of the dollar. Treasury yields came [..]

Forex News – Review of 2016

Posted on December 29, 2016 at 12:08 pm GMT

The year 2016 got off to a turbulent start, with worries about China’s economy escalating once again and fresh volatility in financial markets triggering concerns about a deepening crisis. But despite bigger shocks that followed, namely, Brexit and the US election outcome, financial markets appear to be ending the year on a positive note, even as further economic and political risks lie ahead in 2017. China slowdown triggers market turbulence China and its slowing economy was much of the focus [..]

FX Daily Outlook | 29-12-16

Posted on December 29, 2016 at 10:53 am GMT

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Asian Session – Dollar pulls back against yen on weak data, BoJ summary

Posted on December 29, 2016 at 9:04 am GMT

The US dollar slipped to two-week lows against the yen in Thursday’s Asian session as a combination of disappointing US homes sales numbers and a relatively upbeat summary of opinions by the Bank of Japan drove the greenback below 117 yen. The euro rebounded back above 1.04 dollars, while commodity-linked currencies also made modest gains. An unexpected drop in pending home sales in the United States in November raised concerns about the possible impact of rising interest rates on the [..]

European Session – Euro succumbs to dollar strength, slips below $1.04

Posted on December 28, 2016 at 4:22 pm GMT

The euro found itself back below 1.04 dollars in European trading on Wednesday as the US dollar continued to make steady gains against most major pairs. The single currency had recovered from a 14-year low of 1.0352 dollars from a week ago and had been trading as high as 1.0479 earlier in the day. However, persisting bullish sentiment for the dollar as well as concerns about Italy’s banking sector pushed the euro to a session low of 1.0384 dollars. Yesterday’s [..]

FX Daily Outlook | 28-12-16

Posted on December 28, 2016 at 11:05 am GMT

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Asian Session – Aussie and kiwi attempt a rebound as dollar stands firm after strong US data

Posted on December 28, 2016 at 9:25 am GMT

The US dollar continued to inch higher on Wednesday as strong consumer confidence data added support to the greenback in thin holiday trading, while most pairs were stuck in tight ranges ahead of the New Year holiday. Consumer confidence in the United States rose to a 15-year high in December according to the Conference Board’s survey released yesterday. The dollar was up slightly at 117.58 yen in late Asian session, which is just under 1% below its 10-month high of [..]

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