All Articles Tagged - GBPUSD

Daily Market Comment – Stocks slammed by bond market stress

Posted on October 11, 2022 at 8:39 am GMT

Cracks appear in UK bond markets again, sterling resilient so far Nasdaq hits two-year lows as rising yields hammer riskier assets Dollar reigns supreme, Aussie keeps sinking on China worries UK turmoil Another sharp selloff rocked British bond markets this week, reigniting fears of a debt crisis in the world’s fifth largest economy. With investors dumping UK bonds in force again, borrowing costs have spiraled to the highest level since the Bank of England stepped in to ward off a [..]

Technical Analysis – GBPUSD extends decline, approaching the 1.1000 region

Posted on October 11, 2022 at 6:58 am GMT

GBPUSD has been in a prolonged downtrend since the beginning of the year, plummeting to an all-time low of 1.0324 in mid-September. Even though the pair managed to bounce back and recoup some losses, it has turned lower again after the latest advance fell short near the 1.1480 zone. The momentum indicators currently suggest that near-term risks are tilted to the downside. Specifically, the stochastic oscillator has dived lower and entered the 20-oversold territory, while the RSI has flatlined beneath [..]

UK data unlikely to offer much relief to sterling amid economic storm – Forex News Preview

Posted on October 10, 2022 at 1:24 pm GMT

The latest employment numbers out of the UK will hit the markets on Tuesday and Wednesday will see the release of the monthly GDP readings. Both are due at 06:00 GMT. Following the growing political and economic uncertainty of recent weeks, the question investors are asking is no longer about whether or not there will be a recession, but rather, how deep will it be. Yet, with so much gloom already priced in, can the pound enjoy a small boost [..]

Week Ahead – The calm before another US inflation storm

Posted on October 7, 2022 at 11:23 am GMT

An electrifying week is coming up, featuring another crucial US inflation report and minutes of the latest Fed meeting. Both will be key pieces of the puzzle for the dollar and risk assets, as traders grapple with whether the Fed will pause its tightening cycle anytime soon. Even in case of a softer inflation print though, this type of speculation seems premature. Fed bets Investors have been playing with the idea that the Fed might pause its rate increases soon, [..]

Daily Market Comment – Dollar firms as Fed’s hawkish drumbeat gets louder ahead of NFP

Posted on October 7, 2022 at 9:10 am GMT

Fed destroys all hopes of an early pivot even before latest jobs report is out Dollar climbs to one-week high as stocks turn negative again Pound under renewed pressure, yen won’t budge from the 145 level Hawkish Fed takes shine off September jobs report After some very mixed readings on the US economy this week, the latest nonfarm payrolls report will take centre stage today, with investors hoping for some signs of a cooldown in the red-hot labour market. The [..]

Daily Market Comment – Markets shrug off OPEC+ cut and solid US data, await US jobs report

Posted on October 6, 2022 at 9:04 am GMT

Oil rally fizzles out despite steep output cut by OPEC+ as impact seen limited Yields climb as Fed pivot hopes fade further after upbeat US data But Wall Street holds judgement, pares losses as investors look to payrolls report OPEC+ cut adds to winter energy concerns OPEC and its non-OPEC partners decided to cut oil production by two million barrels per day on Wednesday in a bid to stem the decline in prices, which have fallen by more than 30% [..]

Technical Analysis – GBPUSD continues the bullish rally from record low

Posted on October 4, 2022 at 7:10 am GMT

GBPUSD has gained more than 10% over the last six days, continuing the bounce off the record low of 1.0325. Technical oscillators reflect the recent bullish bias as the pair is advancing above the 20-day simple moving average (SMA). Both the MACD and the RSI are rising with strong momentum, indicating more bullish actions. The 1.1410 level could challenge any bullish attempts made prior to the 50-day SMA at 1.1660. Consequently, a breakout at this point may attract additional attention, [..]

Technical Analysis – GBPUSD adds some optimism for bullish bias; meets 1.1200

Posted on October 3, 2022 at 12:46 pm GMT

GBPUSD has added around 9.5% over the last five days, following the pullback from the all-time low of 1.0325. The pair is flirting with the 20-day simple moving average (SMA) around 1.1200 with the technical oscillators confirming the recent bullish bias. The MACD is rising above its trigger line, while the RSI is pointing upwards in the negative region, both suggesting a positive recovery. The 1.1410 number could challenge any bullish attempts ahead of the 50-day SMA at 1.1680. Hence, any breakout at this point may [..]

Daily Market Comment – Yen flirts with intervention level, UK budget U-turn lifts pound

Posted on October 3, 2022 at 9:13 am GMT

Dollar mixed as yen and euro struggle, pound extends rebound on budget hopes Stocks lack direction as Credit Suisse woes add to outlook worries US ISM and jobs data eyed as Fed reiterates inflation-busting policy stance Recession fears run high but UK’s Kwarteng offers some relief The third quarter got off to a subdued start on Monday as there was no respite for equity markets from the worsening economic landscape globally, though major currencies were able to bounce back amid [..]

Implied Volatility Report – October 10, 2023

Posted on September 30, 2022 at 11:34 am GMT

EUR/USD volatility remains extremely elevated, most JPY crosses at the other end of the spectrum Expected volatility of precious metals and oil stay at month-highs US stock indices in calmer waters; Bitcoin at the highest of its volatility range EUR/USD expected volatility remains extremely high despite the marginal weekly negative return. On the flip side, yen crosses are expected to experience very low volatility going forward with the exception of GBP/JPY. In commodities, gold and silver expected volatility has jumped [..]

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