All Articles Tagged - GBPUSD

Daily Market Comment – Stocks slip, dollar mixed as mood sours again

Posted on May 24, 2022 at 8:05 am GMT

China stimulus fails to lift markets, yen edges up, dollar mixed US stock futures reverse lower after Snap issues profit warning Euro and pound await flash May PMIs Growth jitters strike again Renewed concerns about the weakening growth prospects of the major economies weighed on sentiment on Tuesday, bolstering safe-haven currencies such as the US dollar, Japanese yen and Swiss franc. Markets have been caught between a rock and a hard place since Russia’s invasion of Ukraine as central banks [..]

Daily Market Comment – Markets turn cautiously positive but growth fears persist

Posted on May 23, 2022 at 8:53 am GMT

Dollar slips as investors pin hopes on US, China growth push despite doubts US futures climb but S&P 500 remains dangerously close to bear market Fed minutes, flash PMIs and RBNZ meeting under the spotlight this week Trading gets off to a cautiously optimistic start Worries about high inflation and the worsening growth outlook continued to ebb somewhat on Monday, though risk appetite still lacked concrete drivers even as there was some positive news flow. The turnaround came late last [..]

Week Ahead – Flash PMIs, FOMC minutes to dictate sentiment; RBNZ to hike again

Posted on May 20, 2022 at 1:13 pm GMT

Risk sentiment is wavering as investors are constantly evaluating the likelihood of a recession. The flash PMIs for May might help guide those expectations in the coming week. In the US, there will be plenty of additional drivers for the dollar, such as the FOMC minutes and the PCE inflation readings. Markets remain fixated on seeing peak inflation so any trace of this might help calm nerves. In the world of central banks, the Reserve Bank of New Zealand is [..]

US Open Note – Dollar loses ground after five weeks of gains

Posted on May 20, 2022 at 1:03 pm GMT

Dollar index ticks down as euro approaches $1.06 On Friday, the US dollar was on track to have its worst week against key rivals since the beginning of February. Global stocks have been falling this week as well due to risks to growth from aggressive monetary tightening – led by the Federal Reserve – and China’s strict lockdowns to quash an outbreak of Covid-19. The appeal of the dollar as a haven was eclipsed overnight by a decline in US yields as investors rushed for [..]

Daily Market Comment – Dollar steadies, stocks edge up as growth jitters subside slightly

Posted on May 20, 2022 at 9:35 am GMT

Some calm returns to markets, China rate cut helps Stocks bounce back but risk of more volatility from large options expiry today Dollar recovers but still headed for weekly losses, Swiss franc emboldened by SNB China rate cut soothes investor nerves Markets were a lot calmer on Friday after a bumpy week that put the US dollar on the backfoot and Wall Street’s rebound faltered. Big earnings misses from US retail giants sparked concern that the American economy may not [..]

US Open Note – Recession fears keep jolting markets

Posted on May 19, 2022 at 1:24 pm GMT

Signs of recession pop up in earnings Sellers stormed into stock markets as giant US retailers Target and Walmart revealed a hit in margins on the back of rising labor and energy costs, with the former losing more than a third of its share value on Wednesday despite serving only local clients. The jittery earnings surprise follows Powell’s commitment to higher interest rates earlier this week, making investors think more seriously that the mix of inflation and monetary tightening could [..]

Daily Market Comment – Stocks crumble after dead-cat bounce but dollar unmoved

Posted on May 19, 2022 at 9:33 am GMT

S&P 500 plunges the most in two years as inflation reality for earnings sets in But follow-up panic in global equities today somewhat ‘contained’ FX and bond markets also calm as dollar steady US retail giants crash as inflation bites Sellers returned to Wall Street on Wednesday as a big drop in profits by America’s retail behemoths raised the spectre of diminishing margins, in what could only be the start of high inflation eating into corporate earnings. Target was the [..]

US Open Note – Stocks pare gains; European currencies slip too after nice rally

Posted on May 18, 2022 at 1:40 pm GMT

Recession not fully priced in Who will pay the price? That’s the question that bothers investors nowadays as businesses feel more confident to transfer rising production costs to consumers and central banks constantly message markets that additional rate increases are the immediate solution for spiraling inflation. Further monetary tightening is largely anticipated in the UK as inflation clocked in at a new 40-year high of 9.0% y/y as expected in April, while the Fed chief stated yesterday that rates could [..]

Daily Market Comment – Wall Street rallies despite Powell’s inflation resolve

Posted on May 18, 2022 at 9:33 am GMT

Rebound in equities gathers steam even as Powell pledges to keep raising rates Jump in UK inflation fails to sustain pound’s bounce back as dollar strengthens But sentiment still overall fragile as China and inflation worries persist US data shores up stocks as Powell gets tough An upbeat set of economic pointers in the United States boosted sentiment on Wall Street on Tuesday, suggesting that financial conditions have yet to substantially tighten following the start of the Fed’s normalization process. [..]

Technical Analysis – GBPUSD looks heavy despite propelling over Ichimoku cloud

Posted on May 17, 2022 at 3:49 pm GMT

GBPUSD is resting on top of the Ichimoku cloud after the pair generated positive impetus, which breached the highs from the first half of May, the cloud, and the falling 100-period simple moving average (SMA) around 1.2433. Nonetheless, the descending SMAs are backing the broader bearish outlook as the fresh rise in the price has yet to pilot beyond critical highs, which could reinforce confidence in the pair. The Ichimoku lines are indicating some waning in the latest upside forces, [..]

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